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EIA: world petroleum use sets record high in 2012 despite declines in North America and Europe

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The rapidly industrializing economies of China and India fueled much of Asia’s demand increase, growing 2.8 If China’s use of petroleum continues to grow as projected, it is expected to replace the United States as the world’s largest net oil importer this fall. Increased consumption in 2010 reflected improving economic conditions.

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IEA: global energy efficiency progress drops to slowest rate since start of decade

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in 2018, driven in large part by the People’s Republic of China, India and the United States, which were responsible for 70% of demand growth. in 2018—the slowest rate since 2010—according to Energy Efficiency 2019 , the IEA’s annual report on energy efficiency. Global primary energy demand rose by 2.3%

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EIA: US refineries running at record levels; gasoline demand; exports up

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The rolling four-week average of US gross refinery inputs has been above the previous five-year range (2010-14) every week so far this year. through the first five months of 2015, and trade press reports indicate that demand is also higher in major world markets such as Europe and India so far this year compared with 2014.

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BP Energy Outlook 2030 sees emerging economies leading energy growth to 2030; global CO2 emissions from energy well above IEA 450 scenario

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World energy growth over the next twenty years is expected to be dominated by emerging economies such as China, India, Russia and Brazil while improvements in energy efficiency measures are set to accelerate, according to BP’s latest projection of energy trends, the BP Energy Outlook 2030. Click to enlarge.

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IEA: Global CO2 emissions up by 1.0 Gt (3.2%) in 2011 to record high

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Gt on 2010, or 3.2%. Coal accounted for 45% of total energy-related CO 2 emissions in 2011, followed by oil (35%) and natural gas (20%). India’s emissions rose by 140 Mt, or 8.7%, moving it ahead of Russia to become the fourth largest emitter behind China, the United States, and the European Union. Gt above 2011 levels.

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EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

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Net petroleum imports as a share of total US liquid fuels consumed drop from 49% in 2010 to 38% in 2020 and 36% in 2035 in AEO2012. Under the Reference case, domestic crude oil production is expected to grow by more than 20% over the coming decade; already, domestic crude oil production increased from 5.1

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

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Since 2010, lithium-ion battery prices have fallen 73% per kWh. The result will be rapidly rising market shares for electric vehicles in the biggest markets, even with oil prices staying low. Emerging economies such as India are forecast not to see significant EV sales until the late 2020s.

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