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Pike Research forecasts global biofuels market to double by 2012 to $185.3B

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Pike Research forecasts that the global market for biofuels will more than double over the coming decade, increasing from $82.7 growth in the industry over the next decade, Pike expects production volumes to fall short of an estimated 71.8 continue to pour into the industry. growth in the global biofuels industry.

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Pike Research forecasts global biofuels market value to double to $185B by 2021

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According to a new report from Pike Research, the increased production and consumption of biofuels will more than double the industry’s market value in the next decade. Pike forecasts that the global market for biofuels will increase from $82.7 between 2017 and 2021, as a combination of higher oil prices, emerging mandate.

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PwC industry survey provides check-up on determining factors for EV success

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Global hybrid + EV assembly forecast. This is already a reality as governments around the world have offered billions of dollars in the form of loans, grants, and rebates through various stimulus programs. Source: PwC. Click to enlarge. Of that, nearly one third, or three million units, will be plug-in and pure electric vehicles.

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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

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Statoil says that global capex is set to fall for two years in a row, and is on track to fall for a third year in 2017 as more spending cuts are likely. That widens to more than a million barrels per day in both 2017 and 2018. If spot oil prices suddenly rise, forecasts are revised sharply upwards.

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J.D. Power, LMC: new vehicle sales in US slide again, 6th time this year

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For the second time in three months and the sixth time this year, new-vehicle retail sales in November are expected to slip from year-ago levels, according to a monthly sales forecast developed jointly by J.D. The economy and industry could be facing a boom or bust depending on which policies are focused on and implemented.

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