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Opinion: Who Will Be Left Standing At The End Of The Oil War?

Green Car Congress

OPEC governments downsize their budgets, cut social spending and put big projects on hold to lower the breakeven price. But these are just the costs of lifting oil out of the ground. State-owned oil companies often have many more responsibilities than just producing oil. Last week, Denbury Resources Inc.

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ExxonMobil Outlook projects hybrids and advanced vehicles to account for nearly 50% of cars globally by 2040; fuel demand for for personal vehicles to peak and decline, while commercial transportation demand rises 70%

Green Car Congress

While oil will remain the most widely used fuel, overall energy demand will be reshaped by a continued shift toward less-carbon-intensive energy source as well as steep improvements in energy efficiency in areas such as transportation, where the expanded use of advanced and hybrid vehicles will help push average new-car fuel economy to 48 mpg (4.9

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