Remove 2004 Remove Economy Remove Future Remove Oil Prices
article thumbnail

IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

While higher prices and a weaker economic outlook are moderating consumption increases, a resurgent China will drive gains next year, with growth accelerating from 1.8 In contrast to 2022 when the OECD led the expansion, non-OECD economies are set to account for nearly 80% of growth next year. mb/d in 2022 to 2.2 mb/d in 2022 and 1.8

Oil 210
article thumbnail

The Real Reason for USA based Economic Recessions.

DIY Electric Car

There have been 5 recession since then until now and I wanted to see if Oil had anything to do with them, because deep in my heart, I knew the most recent recession was directly caused by the oil price spikes that started in 2007 and peaked in 2008. The economy was slowed by their actions but it didn?t t stop the economy.

USA 180
article thumbnail

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

billion, was up 36% on the previous year and came the closest ever to overhauling the total for developed economies, at $138.9 Another challenge was, at first sight, the impact of the 50%-plus collapse in the oil price in the second half of last year. Investment in developing countries, at $131.3 billion, up just 3% on the year.

2014 150