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Opinion: Everyone Is Guessing When It Comes To Oil Prices

Green Car Congress

Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an abundance of market indicators that while important, tend to produce a lot of noise that makes any accurate estimate nearly impossible.

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EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

Green Car Congress

Growth in diesel fuel consumption will be moderated by the increased use of natural gas in heavy-duty vehicles. The United States becomes a net exporter of natural gas earlier than estimated a year ago. Biofuels grow at a slower rate due to lower crude oil prices and. Biomass and biofuels growth is slower.

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