Remove 2018 Remove Coal Remove Forecast Remove Oil Prices
article thumbnail

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

Green Car Congress

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 2018. That level is higher than originally forecast, exceeding the previous record level of 9.6 Highway travel is forecast to be 1.4%

Gasoline 150
article thumbnail

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

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. This resulted in the significantly lower level of VMT growth after 2018 compared with AEO2013. Tcf in 2012 to 2.1

Oil 290
article thumbnail

VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

This performance, Winterkorn said, “ is no reason for euphoria ” but shows that the Volkswagen group—which comprises nine automotive brands—is staying on course, and shows that its strategy to 2018 is on the right track. The perspective of rising oil prices is a turboboost for a change in customer behavior, he said.

2013 150