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EIA: world petroleum use sets record high in 2012 despite declines in North America and Europe

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In 2009, Asia surpassed North America as the world’s largest petroleum-consuming region as consumption rebounded from its 2008 decline. The rapidly industrializing economies of China and India fueled much of Asia’s demand increase, growing 2.8 Year-on-year changes in petroleum consumption by region. Source: EIA. Click to enlarge.

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EIA: US household gasoline expenditures in 2015 tracking to be lowest in 11 years

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Should the forecast be realized, motor fuel expenditures (gasoline and motor oil) in 2015 would be below $2,000 for the first time since 2009, according to EIA’s December 2014 Short-Term Energy Outlook (STEO). The price for US regular gasoline has fallen 11 weeks in a row to an average $2.55 mpg in the same time frame.

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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

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during the global recession in 2008/2009. The region faces months of rolling disruption as the conjoined health and economic crises play out across economies. This represents a downgrade of 10 million units compared to pre-coronavirus IHS Markit forecasts made in January 2020. million units for the year, down almost 10% year over year.

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The Real Reason for USA based Economic Recessions.

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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.

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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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Meanwhile, in Russia, the combined negative impact of historically low crude oil prices and pandemic-induced lockdowns will undermine the country’s already weak growth, which will disrupt truck demand. However, restrictions are expected to ease through May. —Andrej Divis.

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Heard At The Show: Snippets from SAE 2009 World Congress

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Department of Defense and Fuel Economy. Skalny, Director, US Army TARDEC shared the following insights on fuel usage within the Department of Defense (DOD): Every $10/barrel increase in oil prices adds $1.3 Honda believes it will be a help in climbing stairs or industrial operations that require a lot of squatting.

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EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

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The Annual Energy Outlook 2011 (AEO2011) Reference case released yesterday by the US Energy Information Administration (EIA) more than doubles the technically recoverable US shale gas resources assumed in AEO2010 and added new shale oil resources. quadrillion Btu in 2009 to 31.8 quadrillion Btu in 2009 to 18.4 Source: EIA.

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