Fossil Fuels – Page 2 – Visualizing Energy

Why are gasoline prices lower in oil-exporting countries?

December 9, 2024

Government policies significantly influence gasoline prices, leading to disparities across countries. Most nations tax gasoline, while some subsidize it, especially oil exporters. Higher income countries typically impose steeper gasoline taxes to harness revenue. There’s a growing call to reduce fossil fuel subsidies to curtail greenhouse gas emissions, advocating for carbon pricing to promote clean technology.

Global black carbon emissions, 1750-2022

November 21, 2024

Anthropogenic black carbon, or soot, arises from incomplete combustion of organic materials, significantly impacting climate change and public health. It causes global warming, degrades air quality, and leads to various health issues. Major contributors include residential fuel usage and transportation emissions. Reducing black carbon relies on cleaner fuel access and improved combustion technologies.

How does public finance support energy?

November 18, 2024

The global energy system encompasses diverse infrastructure requiring extensive investment, with USD 2.8 trillion spent in 2023. Public finance significantly supports energy projects, where fossil fuels received 56% of funding from 2013 to 2022. Clean energy finance increased until 2021, highlighting varying regional priorities and the dominance of large projects in funding distribution.

Oil and chemical releases into United States waters

November 4, 2024

Crude oil and natural gas are refined into numerous fuel types and petrochemicals, contributing to over 6000 consumer products. However, extraction and processing lead to significant accidents, with approximately 4600 incidents reported since 1957, primarily affecting rivers and coastal areas due to industrial activities and transportation routes, highlighting environmental hazards.

Where are the gasoline superusers in the United States?

October 14, 2024

In 2023, US drivers consumed 376 million gallons of gasoline daily, with superusers accounting for 35% of usage. Rural areas have more superusers, spending 10.2% of their income on gasoline. They also tend to drive larger, less fuel-efficient vehicles. Electric vehicle policies targeting superusers could reduce energy burdens and emissions, benefiting low-income households.

Which banks fund upstream oil and gas?

October 7, 2024

Global oil and gas consumption increased by 14% from 2013 to 2023, posing a challenge to limiting global warming. JP Morgan Chase led in financing upstream oil and gas activities, providing over USD 67 billion to various companies. Concerns were raised about banks’ commitment to reaching net zero emissions and prioritizing policies allowing the purchase of carbon offsets, which may promote greenwashing. Some oil and gas companies have weakened their commitments to reduce investment in upstream projects.

What fuels have the lowest CO2 emissions?

August 25, 2024

There are two main sources of greenhouse gas emissions: stationary (e.g., power plants, refineries) and mobile (e.g., cars, trucks). Transportation contributes 24% of energy-related CO2 emissions, with fossil fuels dominating. LNG in maritime transport shows potential for reduced CO2 emissions, but methane leakages must be addressed. Coal has the highest CO2 emissions factor among widely used fuels.

Explore the world’s coal transportation terminals in 2022

August 5, 2024

In recent years, 15 to 20% of global coal consumption came from traded coal. The import and export of coal rely on specialized infrastructure known as coal terminals, located near mines or strategic coastal areas. These facilities facilitate the efficient transportation of coal between various modes like ships, trains, and trucks.

Where are coal power plant projects being cancelled?

July 22, 2024

The coal power plant industry’s state is reflected in cancellations and shelved projects, concentrated in Asia (e.g., China, India). China’s paradoxical coal investment includes building new capacity and decommissioning old plants due to renewable energy growth. In the U.S., 23% of coal capacity will retire by 2029 due to competition from natural gas and renewables.

The history of oil production in the United States

July 16, 2024

The United States has played a significant role in global oil production, contributing 17% since 1900, with Texas being a major player, accounting for one-third of the nation’s oil production. Technological advancements like hydraulic fracturing and horizontal drilling led to record U.S. oil production in the 2010s, making the country the world’s largest oil producer and a net oil exporter.

Tag: Fossil Fuels