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EIA STEO projects higher US crude production, increases in travel and gasoline demand

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In its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) projects that US crude oil production, which averaged an estimated 8.9 million b/d in 2017 and 9.9 That level is higher than originally forecast, exceeding the previous record level of 9.6 Highway travel is forecast to be 1.4%

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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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In developing its projections, the EIA implemented a new approach to forecasting VMT, based on an analysis of VMT by age cohorts and the aging of the driving population over the course of the projection. Domestic crude oil production increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 Tcf in 2012 to 2.1

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ExxonMobil predicts peak in light-duty vehicle liquid fuels ~2030, but ongoing role for oil in the mix

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However, oil will continue to play a leading role in the world’s energy mix, the report finds. In the forecast, global transportation-related energy demand grows close to 30% from 2016 to 2040. The share of the world’s electricity generated by coal is expected to fall to less than 30% in 2040 from approximately 40% in 2016.

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BP Energy Outlook: 30% growth in global demand to 2035; fuel demand continues to rise, even with EVs & fuel efficiency

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The 2017 edition of the BP Energy Outlook , published today, forecasts that global demand for energy will increase by around 30% between 2015 and 2035, an average growth of 1.3% Oil demand grows at an average rate of 0.7% Oil demand grows at an average rate of 0.7% The global car fleet doubles from 0.9 billion by 2035.

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EEA: increase in EU GHG emissions, mostly due to transport, hampers progress towards 2030 targets

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Greenhouse gas (GHG) emissions across the European Union rose slightly in 2017, mostly because of the transport sector. emissions increase in 2017 from 2016. According to preliminary data, emissions in 2017 across the whole EU increased by 0.6% drop in emissions between 1990 and 2017. in 2017 from 2016.

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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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The estimates developed in the study have now been incorporated into EIA’s historical data and forecasts of petroleum and other liquids consumption in China. Source: EIA and Argus Media group, China Methanol to Energy Study , January 2017. MTG units involve high capital costs and are only cost-competitive when oil prices are high.

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EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

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Under the Reference case, domestic crude oil production is expected to grow by more than 20% over the coming decade; already, domestic crude oil production increased from 5.1 Over the next 10 years, continued development of tight oil (e.g., Over the next 10 years, continued development of tight oil (e.g.,

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