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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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LDV energy consumption declines in AEO2014 Reference case from 16.0 quadrillion Btu in 2040 in the AEO2013 Reference case. The rising fuel economy of LDVs more than offsets the modest growth in VMT, resulting in a 25% decline in LDV energy consumption decline between 2012 and 2040 in the AEO2014 Reference case. Source: EIA.

Oil 290
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$10-Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC

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OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. mb/d for 2035 to 2040.

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Biofuels Power to build small-scale gas-to-liquids plant in Houston

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to build a small-scale gas-to-liquid demonstration facility in Houston. The parties have established a non-binding target date to complete installation and commissioning of the GTL Pilot Plant on or before 31 December 2014. BFLS originally intended to develop biofuel-fired power projects. The company is switching its focus to GTL.

Houston 247
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EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

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The Annual Energy Outlook 2015 (AEO2015) released today by the US Energy Information Administration (EIA) projects that US energy imports and exports will come into balance—a first since the 1950s—because of continued oil and natural gas production growth and slow growth in energy demand. With greater U.S. With greater U.S.

2020 150
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EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

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Natural gas is the fastest-growing fossil fuel, as global supplies of tight gas, shale gas, and coalbed methane increase. The Brent crude oil spot price averaged $112 per barrel in 2012, and EIA’s July 2013 Short-Term Energy Outlook projects averages of $105 per barrel in 2013 and $100 per barrel in 2014.

2010 317
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2014 Sprinter van for US standard with new 2.1L diesel; new driver assistance features

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2014 Sprinter. Charging takes place at all times via a two-stage exhaust-gas turbocharger system. A combination of exhaust gas recirculation with two-stage cooling and the SCR technology with AdBlue injection for the BlueTEC engines and a particulate filter delivers clean exhaust emissions. Click to enlarge.

2014 306
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EPA proposes stringent new emissions standards for light-, medium-, heavy-duty vehicles for MY 2027 and beyond

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Together, the proposals would reduce oil imports by approximately 20 billion barrels. In this proposed rule, heavy-duty Class 2b and 3 vehicles are referred to as "medium-duty vehicles" (MDVs) to distinguish them from Class 4 and higher vehicles that remain under the heavy-duty program.

EPA 210