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EIA: US Permian Basin oil production and resource assessments continue to increase

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Crude oil production in the US Permian Basin is expected to increase to an estimated 2.4 Between January 2016 and March 2017, oil production in the Permian Basin increased in all but three months, even as domestic crude oil prices fell.

Oil 170
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EIA: Permian region expected to drive US crude oil production growth through 2019

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Although favorable geology combined with technological and operational improvements have contributed to the Permian region becoming one of the more economically favorable regions for crude oil production in the United States, recent pipeline capacity constraints have dampened wellhead prices for the region’s oil producers.

2019 236
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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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AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

2020 150
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IEA: Global CO2 emissions up by 1.0 Gt (3.2%) in 2011 to record high

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Gt no later than 2017, i.e. just 1.0 This development has arisen from lower oil use in the transport sector (linked to efficiency improvements, higher oil prices and the economic downturn which has cut vehicle miles travelled) and a substantial shift from coal to gas in the power sector. Gt above 2011 levels.

2011 230
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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

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quadrillion Btu in 2025, due to incorporation of the model year 2017 to 2025 GHG and CAFE standards for LDVs. Despite the projected increase in LDV miles traveled, energy consumption for LDVs further decreases after 2025, to 13.0 Biofuels grow at a slower rate due to lower crude oil prices and. slower growth in E85 sales.

Fuel 225
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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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As a result, annual increases in vehicle miles traveled (VMT) in LDVs average 0.9% The differences from AEO2013 to AEO2014 result from different fuel prices, updated manufacturer product offerings, changing technology attributes, and an updated view of consumer perceptions of infrastructure availability for E85 vehicles.

Oil 290
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Norweign Drivers switch to Electric Cars

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But recently due to outbreak of COVID-19, sales of electric vehicles have been affected with the consumer markets being shaken and oil prices being plunged to high. By 2017, the number of stations increased to 300 from 2014. Buyers of EV became exempted from paying VAT in 2001.