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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

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IEA: global energy efficiency progress drops to slowest rate since start of decade

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China continued to implement policies designed to shift households and businesses from coal to gas boilers, mainly for air quality reasons. Oil represented the largest share of final demand, at around 41%, but demand growth slowed to 1.5% In 2018, higher oil prices helped dampen demand for road transport fuels.

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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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Energy consumption by light-duty vehicles in the United States, AEO2013 and AEO2014, 1995-2040 (quadrillion Btu). As a result, annual increases in vehicle miles traveled (VMT) in LDVs average 0.9% New vehicle sales shares are generally similar in AEO2014 and AEO2013 but with moderate variation. quadrillion Btu in 2012 to 12.1

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American energy and American made

Electric Auto Association

As we approach this Independence Day, I want to call attention to two things from an electric vehicle (EV) perspective. The market pricing for vehicle fuels depends largely on global supply/demand and foreign crises with the net result of sometimes extreme price volatility.

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IEA: Global CO2 emissions up by 1.0 Gt (3.2%) in 2011 to record high

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Coal accounted for 45% of total energy-related CO 2 emissions in 2011, followed by oil (35%) and natural gas (20%). China made the largest contribution to the global increase, with its emissions rising by 720 million tonnes (Mt), or 9.3%, primarily due to higher coal consumption. This represents an increase of 1.0 In 2011, a 6.1%

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EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

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AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

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EIA STEO projects higher US crude production, increases in travel and gasoline demand

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increase in fleet-wide vehicle fuel efficiency. High oil and coal production also could contribute to diesel consumption growth, EIA notes. Increases in oil drilling activity leads to higher consumption of distillate fuel, which is used to operate and transport drilling rigs. Highway travel is forecast to be 1.4%

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