Green Car Congress
JULY 12, 2021
This fall was driven mainly by oil, which accounted for almost three quarters of the net decline. Natural gas prices declined to multi-year lows; however, the share of gas in primary energy continued to rise, reaching a record high of 24.7%. World oil production fell for the first time since 2009 by 6.6 million b/d).
Green Car Congress
JUNE 18, 2022
The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 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 mb/d this year, world oil demand is forecast to expand by 2.2
Green Car Congress
APRIL 6, 2017
On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 Russia’s Oil Production 1970-2020 and Russia’s Deep-Hole Oil & Gas Exploration Drilling. In 2016, only 3.7
Green Car Congress
SEPTEMBER 20, 2011
Between 2004 and 2008, global energy intensity experienced its sharpest decline in 30 years, with an average annual growth rate of 1.87%. In addition to technological advances, price developments play a key role in determining overall energy usage, Worldwatch notes.
DIY Electric Car
NOVEMBER 28, 2010
The True Cause of Recessions: OIL. I was asked to speak about the economic impact of our oil dependency and so I began researching this topic to see if I could draw some insightful conclusions. All of the recessions listed above were caused by oil except the early 2000 recession that was caused by September 11th, 2001.
Green Car Congress
JUNE 26, 2009
In addition to high oil prices and the financial crisis, the increased use of new renewable energy sources, such as biofuels for road transport and wind energy for electricity generation, had a noticeable and mitigating impact on CO 2 emissions. Fossil oil consumption decreased by one per cent, due to high prices and more biofuels.
Green Car Congress
AUGUST 30, 2009
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.
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