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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

Green Car Congress

The oil industry has yet to recover from an unprecedented two-year drop in investment in 2015-2016, and the IEA sees little-to-no increase in upstream spending outside of the United States in 2017 and 2018. mb/d in 2017. The United States is set to put its stamp on global oil markets for the next five years.

Brazil 218
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Junkyard Find: 1992 Geo Metro 4-door hatchback

The Truth About Cars

Even better news during a time of recession in California (which is where I found this car) is the fuel economy it delivered with a five-speed manual transmission: 40 miles per gallon on the highway, 38 miles per gallon in the city. You could buy versions of this car all the way through 2017 in Pakistan. Gets 100 kilometers per 4.5

Suzuki 105
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The Oil War Is Only Just Getting Started

Green Car Congress

BP’s Energy Outlook 2017 estimates that there is an abundance of oil resources, and “known resources today dwarf the world’s likely consumption of oil out to 2050 and beyond”. “In If OPEC remains a functional entity by the end of 2017, its greatest hits will surely be in the past. “.

Oil 150
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IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

Green Car Congress

Growth in oil consumption in emerging economies, particularly for transport in China, India and the Middle East, more than outweighs reduced demand in the OECD, pushing oil use steadily higher in the New Policies Scenario. By around 2020, the United States is projected to become the largest.

Global 225
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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

CME Brent oil futures project continuity: as of August 18, 2015, CME Brent futures projected the price remaining below $60/bbl until June 2017. million barrels per day in 1H 2015, in part because as Russia's economy contracted, reducing domestic crude demand to 3.47 percentage points. million barrels/day in 2014 to 7.55 MMbbls/day.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. So as incomes rise—especially in the emerging economies—the size of the global car fleet will inevitably rise in the long term.

Oil 247
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Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

Asked when there might be one million electric vehicles on the road that could also feed their battery capacity back into the grid in a two-way exchange, the panelists generally said between 2017 and 2020. I liken electric grid and renewable to the economic and political and military fiasco of the Iraq war. Oil is the alternative.

Grid 47