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ExxonMobil predicts peak in light-duty vehicle liquid fuels ~2030, but ongoing role for oil in the mix

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ExxonMobil’s newly released Outlook for Energy: A View to 2040 anticipates that global energy needs will rise about 25% over the period to 2040, led by non-OECD countries. The Outlook projects that global transportation-related energy demand will increase by close to 30% by 2040. l/100 km) now to close to 50 miles per gallon (4.7

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IEA: global map of oil refining and trade to be redrawn over next 5 years

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Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA). The oil market is at a crossroads.

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply. Click to enlarge. Outlook for Energy.

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Valvoline launches NextGen line of motor oil with 50% recycled oil

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The NextGen line of oils, with 50% recycled oil, will include conventional, synthetic blend and high mileage offerings. Valvoline, a leading independent marketer of motor oil, has introduced its NextGen line of motor oils, featuring the inclusion of 50% recycled base oil. Click to enlarge.

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Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

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In contrast to arguments that peak conventional oil production is imminent due to physical resource scarcity, a team from Stanford University and UC Santa Cruz has examined the alternative possibility of reduced oil use due to improved efficiency and oil substitution. 2010, to above 140 $/bbl in constant 2010 dollars).

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Tsinghua University provincial-level lifecycle study finds fuel-cycle criteria pollutants of EVs in China could be up to 5x those of natural gas vehicles due to China’s coal-dominant power mix

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In regions where the share of coal-based electricity is relatively low, EVs can achieve substantial GHG reduction, the team reports in a paper in the ACS journal Environmental Science & Technology. emissions are less important because of the low contribution of light duty vehicles to national PM 10 and PM 2.5

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Northwestern/Princeton study explores air quality impacts of aggressive conversion to EVs

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The exponentially increasing global market share of EVs has prompted research on their efficacy in reducing greenhouse gases, but comparatively little effort has focused on their impact on air quality. coal, oil, natural gas, and biomass). —Schnell et al. Winter O 3 increases due to reduced loss via traffic NO x.