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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

Green Car Congress

Statoil says that global capex is set to fall for two years in a row, and is on track to fall for a third year in 2017 as more spending cuts are likely. That widens to more than a million barrels per day in both 2017 and 2018. That will prevent any short-term price spike even if depletion surpasses new production.

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Pike Research forecasts global biofuels market to double by 2012 to $185.3B

Green Car Congress

BGPY in 2011) would represent just 7% of the estimated global transportation fuels market in 2021. Meanwhile, aviation and marine fuel demand could add 200 BGPY or more to global transportation fuel demand by 2021.despite conventional versus advanced, ethanol infrastructure versus drop-in compatibility, fuels.

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Pike Research forecasts global biofuels market value to double to $185B by 2021

Green Car Congress

between 2017 and 2021, as a combination of higher oil prices, emerging mandate. Multiple aims include the reduction of dependence on imported oil, mitigation of greenhouse gas (GHG) emissions, and driving economic development. BGPY in 2011) would represent just 7% of the global transportation fuels market in 2021.

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