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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

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Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets.

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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA also expects oil production in Canada, Brazil, and Norway collectively to grow 12% from 2022 to 2024, and also expects growth from new sources such as Guyana.

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Navigant forecasts global road transportation energy consumption to increase 25% by 2035; 84% from conventional fuels

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Brazil, Russia, India, and China (the BRIC nations) will represent the largest increases, as the percentage of global road transportation energy consumed by these nations is forecast to grow from 20% in 2014 to 36% in 2035. gasoline and diesel) represent the bulk of energy consumption throughout the forecast period. Click to enlarge.

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UMTRI study finds US and China could turnover more than 90% of LDV fleet to alternative powertrains by 2050 under very aggressive penetration scenarios

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In their study, they used three different alternative powertrain/fuel models: less aggressive, moderately aggressive and very aggressive, applied across four developed economies (United States, Western Europe, Japan, and South Korea) and four developing economies (Brazil, Russia, India, and China). Source: Belzowski and McManus.

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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

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Use of Hydrous Ethanol in Brazil. The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil.

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List of The Best 10 Alternative Fuels for Cars that Could Replace Gasoline

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Which are the alternative fuels for cars that could replace gasoline in vehicle? The fossil fuels are highly significant in the global economy. Methanol can be used in internal combustion engines either directly or as a blend with gasoline. FFVs are designed to run on blends of methanol and gasoline in different ratios.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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The rising fuel economy of LDVs more than offsets the modest growth in VMT, resulting in a 25% decline in LDV energy consumption decline between 2012 and 2040 in the AEO2014 Reference case. As a result, annual increases in vehicle miles traveled (VMT) in LDVs average 0.9% from 2012 to 2040, compared to 1.2% per year, from 21.5

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