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Cheap Oil Will Last A Decade, Says Huge Oil Trader

Green Car Reports

The low oil prices that boosted new-car sales and caused average fuel-economy gains to sputter last year may be here to stay, for a while at least. With fuel prices low throughout 2015, Americans bought more new cars, but many of them were less-efficient SUVs and crossovers.

Oil 60
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Earth Policy Institute Joins

Plug In Partners

automotive fuel economy, the key to greatly reducing oil use and carbon emissions is gas-electric hybrid cars. gasoline use by an additional 20 per cent, for a total reduction of 70 per cent. costs the equivalent of 50 cents a gallon of gasoline. costs the equivalent of 50 cents a gallon of gasoline.

Cheap 100
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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

Green Car Congress

Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge.

Oil 247
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Why Are Modern Vehicles So Much Bigger?

The Truth About Cars

Safety standards have required the implementation of systems that often won’t fit into older/smaller designs and loopholes in the Corporate Average Fuel Economy (CAFE) standards have resulted in manufacturers sizing up models to exploit regulatory blind spots. This basically spelled the end of traditional economy cars on the market.

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Assessment of US CAFE fuel economy standards finds big savings on fuel and emissions since inception

Green Car Congress

In one of the first comprehensive assessments of the fuel economy standards in the United States, researchers from Princeton University and the University of Tennessee found that, over their 40-year history, the standards helped reduce reliance on foreign oil producers, cut greenhouse gas emissions, and saved consumers money.