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IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

Green Car Congress

million barrels per day over the last five years, IHS Markit says in the new report from its oil markets and research team. Current global total liquids oil demand growth is at similar levels to what was recorded during the 2003 to 2007 commodity super-cycle, referred to as the “golden age” of refining. —Spencer Welch.

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

Green Car Congress

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. by Brian J.

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Honda May Develop Plug-In as Obama Alters U.S. Policy (Update2) - Bloomberg.com

Tony Karrer Delicious EVdriven

moves to tighten fuel-economy and greenhouse gasrules. We are thinking about plug-in hybrids, but we aren’tthinking about commercializing one right away,” Fukui said. in Japan’s Kyoto prefecture to make packsfor gasoline-electric hybrid cars. We are thinking aboutextending that application to plug-in hybrids.”

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