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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com. 2 Total SA.

Oil 418
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DNV forecasts oil demand in transport sector to halve by 2050

Green Car Congress

Electricity is continuing to gain traction in previously thought to be hard-to-electrify sectors including heavy trucking and aviation. Electricity’s share in transport will grow from 1% today to 23% in 2050, according to DNV’s latest Transport in Transition report.

Oil 335
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IEA: Petrochemicals set to be the largest driver of world oil demand

Green Car Congress

Petrochemicals are rapidly becoming the largest driver of global oil demand. Petrochemicals are set to account for more than a third of the growth in world oil demand to 2030, and nearly half the growth to 2050, adding nearly 7 million barrels of oil a day by then. Source: IEA. —Dr Fatih Birol, IEA Executive Director.

Oil 281
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Why gas bikes just can’t compete with electric motorcycles in the summer

Baua Electric

For gas motorcycle riders, a scorching hot planet isn’t the only immediate source of discomfort outside. The benefit of riding electric is two-fold… The cold hard truth: electric motorbikes are the future First, and I know I’m preaching to the choir here, but electric motorcycles are clearly the future.

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A Glimpse Into The Post-Oil Era: How The Uneven Impacts Of 2025-2030 Peak Oil Demand Will Shape The Future Of Energy

CleanTechnica EVs

As Sheikh Zaki Yamani, a former Saudi oil minister, once said, “The stone age came to an end not for a lack of stones, and the oil age will end, but not for a lack of oil.” But some oil will still be being pumped at the end, and it won't be heavy, sour, far from water crude.

Oil 112
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Wyoming wants to phase out sales of EVs by 2035 to “ensure the stability” of the oil & gas industry

Teslarati

The State of Wyoming is considering phasing out the sales of electric vehicles by 2035 to “ensure the stability” of its oil and gas industry. ” The group also based their worries on a lack of EV charging infrastructure which would “make the widespread use of electric vehicles impracticable for the state.”

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Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Green Car Congress

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil.