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Combustion-vehicle sales peaked in 2017, peak oil due in 2027

Green Car Reports

The global market for internal-combustion vehicles peaked in 2017 and is now in "structural decline," Bloomberg New Energy Finance declared in a recent report. Combustion-vehicle sales in 2022 were down almost 20% from the 2017 peak, according to BNEF.

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Actual fuel economy of cars and light trucks: 1966-2017

Green Car Congress

Specifically, this study examines actual fuel economy of cars and light trucks (pickup trucks, SUVs, and vans) from 1966 through 2017. Department of Transportation were the sources of the information for 1986 through 2017. The graph below shows the changes in actual vehicle fuel economy from 1966 through 2017. total Btu).

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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

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billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. billion oil-equivalent barrels at year-end 2017. During 2017, proved additions at Upper Zakum in Abu Dhabi totaled more than 800 million barrels of crude oil. Exxon Mobil Corporation added 2.7

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EIA: biofuels are displacing petroleum-based distillate fuel oil consumption on the West Coast

Green Car Congress

Consumption of distillate fuel oil in the US West Coast, as measured by product supplied, decreased to its lowest level since 2002 last year and continues its decline this year, according to the latest “This Week in Petroleum” report from the US Energy Information Administration (EIA).

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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US Shale Is Immune To An Oil Price Crash In 2017

Green Car Congress

shale in particular—is effectively capping the oil price gains from that agreement. Four months after the OPEC/NOPEC deal took effect, oil prices dropped to the levels preceding the agreement, amid concerns over still stubbornly high inventories and rising U.S. oil production,” the consultancy noted.

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Woodside approves investment in $7.2B Trion development in deepwater Gulf of Mexico; first oil in 2028

Green Car Congress

Australia-based Woodside Energy has made a final investment decision to develop the large, high-quality Trion resource in the deepwater Gulf of Mexico. First oil is targeted for 2028. BHP Petroleum acquired an interest in 2017 which subsequently became part of Woodside’s portfolio in 2022. Trion was discovered in 2012 by PEMEX.

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