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
NOVEMBER 13, 2011
Oil companies will be forced to turn to more difficult and costly sources to replace lost capacity and meet rising demand. The largest increase in oil production comes from Iraq, followed by Saudi Arabia, Brazil, Kazakhstan and Canada. However, we assume little change in vehicle usage patterns over the Outlook period. —WEO 2011.
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