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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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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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Transportation sector gasoline demand declines. The AEO2013 reference case projects delivered energy consumption in the transportation sector to remain relatively constant at about 27 quadrillion Btu from 2011 to 2040. Growth in diesel fuel consumption will be moderated by the increased use of natural gas in heavy-duty vehicles.

Fuel 225
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EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

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Net petroleum imports as a share of total US liquid fuels consumed drop from 49% in 2010 to 38% in 2020 and 36% in 2035 in AEO2012. AEO2012 also projects that efficiency improvements mostly offset underlying drivers of growth in transportation services. Over the next 10 years, continued development of tight oil (e.g.,

Oil 210
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EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

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Transportation updates. Among the transportation-related updates going into AEO2011, the EIA increased the limit for blending ethanol into gasoline for approved vehicles from 10% to 15%, as a result of the waiver granted by the US Environmental Protection Agency (EPA) in October 2010. Transportation projections. Source: EIA.

Gas 199
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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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The rising fuel economy of LDVs more than offsets the modest growth in VMT, resulting in a 25% decline in LDV energy consumption decline between 2012 and 2040 in the AEO2014 Reference case. quadrillion Btu in AEO2013, and represents the largest growth among all transportation modes. from 2012 to 2040, compared to 1.2%

Oil 290
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Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

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Adam Brandt and his colleagues used historical relationships to project future demand for (a) transport services; (b) all liquid fuels; and (c) substitution with alternative energy carriers, including electricity. Their results showed great increases in passenger and freight transport activity, but less reliance on oil.

Oil 207
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BP Energy Outlook 2030 sees emerging economies leading energy growth to 2030; global CO2 emissions from energy well above IEA 450 scenario

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Fossil fuels’ contribution to primary energy growth is projected to fall from 83% to 64%. OECD oil demand peaked in 2005 and in 2030 is projected to be roughly back at its level in 1990. Biofuels will account for 9% of global transport fuels. per year from 2010 to 2030 although growth decelerates slightly beyond 2020.

Energy 210