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EIA expects global consumption of liquid fuels to surpass 2019 levels in 2022

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million barrels per day (b/d) for all of 2020, down by 8.6 US liquid fuels consumption in 2020 averaged 18.1 US regular gasoline retail prices averaged $2.78 In June, monthly retail gasoline prices averaged $3.06/gal, EIA forecasts regular-grade gasoline prices to average $2.92/gal Electricity.

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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

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A sudden drop in miles traveled by car in the US triggered by wide-spread social isolation measures will have immediate ramifications for gasoline demand. IHS Markit analysis finds that US gasoline demand could fall by as much as 4.1 The four-week average US gasoline demand for the week ending 6 March 2020 was 9.1

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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

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Ricardo study suggests global oil demand may peak before 2020, falling to below 2010 levels by 2035

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Global demand for oil may well peak before 2020, falling back to levels significantly below 2010 demand by 2035, according to a multi-client research study conducted by Ricardo Strategic Consulting launched in June 2011 in association with Kevin J. Summary of key findings of the research project: The approaching peak in oil demand.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

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” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. CAGR from 2012 through 2020 to about $250/kWh. gallon gasoline.

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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. Sales of battery-powered electric vehicles are 65% lower in the AEO2013 Reference case than the year before, with annual sales in 2035 estimated to be about 119,000. Domestic oil production will rise to 7.5 Motor gasoline consumption will be less than previously estimated.

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BCG report finds advanced biofuels, concentrated solar power, and solar photovoltaic tracking to make significant market impact sooner than commonly assumed

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BCG’s analysis finds that cellulosic ethanol is on the verge of becoming cost-competitive with gasoline at $3/gal US. The report examines the state of those seven technologies and assesses each in terms of three issues: Can it achieve cost-competitiveness with conventional energy by 2020 and be economically viable without subsidies?

Solar 295