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IHS-CERA concludes “no material impact” on US GHG from Keystone XL; heavy crude from Venezuela most likely replacement

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In a June speech at Georgetown University, President Barack Obama said that the controversial Keystone XL pipeline would only be built if the project “ does not significantly exacerbate the problem of carbon pollution.” ( Earlier post.). Future price volatility is to be expected. Earlier post.). —IHS CERA Insight.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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Without a bold change of policy direction, the IEA warned at the launch, the world will lock itself into an insecure, inefficient and high-carbon energy system. Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. —WEO 2011. Click to enlarge. Electric vehicles.

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