Green Car Congress

APRIL 15, 2017

This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. shale production, new oil discoveries, and new project start-ups also differ a lot. shale output.

Oil 150

Oil Supplies Oil Prices 2017 150

Green Car Congress

AUGUST 25, 2015

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. percent in 2016. MMbbls/day.

Saudi Arabia 150

Saudi Arabia Russia Oil 2015 150

Green Car Congress

DECEMBER 16, 2013

Domestic crude oil production increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 million barrels per day (MMbbl/d) through 2016, when domestic production comes close to the historical high of 9.6 Projected low prices for natural gas make it a very attractive fuel for new generating capacity.

Oil 290

Oil Light Energy Vehicles 290

Green Car Congress

DECEMBER 5, 2012

Because quickly rising natural gas production outpaces domestic consumption, the United States will become a net exporter of liquefied natural gas (LNG) in 2016 and a net exporter of total natural gas (including via pipelines) in 2020. Biofuels grow at a slower rate due to lower crude oil prices and. than in AEO2012.

Fuel 225

Fuel Energy Sale 2013 225