Green Car Congress

JUNE 1, 2016

That widens to more than a million barrels per day in both 2017 and 2018. The problem is that, unlike many other industries, resource extraction is extremely volatile, with supply responses very delayed. Also, crude at $50, as opposed to $30, can provide a bit of inflation to the deflation-beset economies in Europe and Japan.

Oil 150

Oil Supplies Market Oil Prices 150

Green Car Congress

APRIL 18, 2020

Looking across the full year, IHS Markit is expecting a 21% decline over 2019 production volumes due to a combination of factors including COVID-19, but also the natural weakening in truck demand following unusually strong sales in 2018-19. The local industry is already recovering, with commercial vehicle plants re-opened.

2020 191

2020 Commercial Global Production 191

Green Car Congress

DECEMBER 23, 2020

This year’s Index finds that 2018 greenhouse gas emissions—the latest year for which data are available—rose overall for the first time since 2012, driven in part by increases in the power and commercial sectors. But, if any state can achieve this level of reductions while supporting a healthy economy, it’s California.

California 285

California 2018 2019 2017 285