Green Car Congress

APRIL 2, 2017

Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. As it stands, the forecast models of demand are likely predicting peak demand far later than it will be. by Dwayne Purvis for Oilprice.com.

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Green Car Congress

APRIL 23, 2018

Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018.

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Oil Global 2003 2007 276

Green Car Congress

JULY 28, 2014

In a new report ( Transportation Forecast: Global Fuel Consumption ), Navigant Research forecasts total road transportation energy consumption will grow from 81.1 gasoline and diesel) represent the bulk of energy consumption throughout the forecast period. —“Transportation Forecast: Global Fuel Consumption”.

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Transportation Global Fuel Alternative Fuels 255

Green Car Congress

MARCH 6, 2018

Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets. mb/d in 2017.

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Brazil Norway Oil Canada 218

Green Car Congress

MAY 24, 2017

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil. oil may not be able to fill.

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Oil Prices Oil Saudi Arabia Price 170

Green Car Congress

JULY 6, 2017

Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040.

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PHEV Sale Lithium Ion Cars 170

Green Car Congress

APRIL 7, 2021

The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel.

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2019 Fuel Coal 2020 186

Green Car Congress

DECEMBER 21, 2015

In a new report, Electric Vehicle Market Forecasts , Navigant research projects that under its base scenario, global sales of light duty electrified vehicles (i.e., Under a conservative scenario, Navigant forecasts more than 5.8 Under a conservative scenario, Navigant forecasts more than 5.8 Electric Vehicle Market Forecasts”.

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Light Sale Global Oil Prices 150

Green Car Congress

JULY 7, 2014

The number of medium- and heavy-duty vehicles (MHDVs) in use worldwide will nearly double between 2014 and 2035, according to a new forecast report by Navigant Research. Navigant projects that annual MHDV sales will grow throughout the forecast period at a compound annual growth rate (CAGR) of 2.4%. of the market in 2014 to 11.2%

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Market Alternative Fuels Engine Gas-Electric 273

Green Car Congress

OCTOBER 12, 2012

Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA). The oil market is at a crossroads.

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Oil Oil-Sands Global Oil Prices 255

Green Car Congress

JULY 5, 2016

According to a new forecast report from Navigant Research, global commercial alternative powertrain medium- and heavy-duty vehicle (MHDV) sales will grow from about 347,000 vehicles in 2016 to more than 820,000 in 2026, representing a CAGR of about 9%. Medium- and heavy-trucks represent 4.3% of vehicles in the US, drive 9.3%

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Global Sale North America Oil Prices 150

Green Car Congress

MARCH 27, 2020

Further, according to the latest IHS Markit forecasts, the global auto industry will exerience an unprecedented and almost instant stalling of demand in 2020, with global auto sales forecast to plummet more than 12% from 2019 to 78.8 million units for 2020, with light vehicle sales forecast to post 22.4 million units.

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Gasoline 2020 Gasoline-Electric 2008 269

Green Car Congress

MAY 16, 2019

BloombergNEF (BNEF) is out with an aggressive forecast that projects electric vehicles taking up 57% of the global passenger car sales by 2040—slightly higher than it forecast a year ago—and electric buses with 81% of municipal bus sales by the same date. A year ago, BNEF estimated their impact on road fuel demand at 7.3

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Sale Global Cars Electric 341

Green Car Congress

DECEMBER 16, 2013

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. Domestic crude oil production increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 per year, from 21.5

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Oil Light Energy Vehicles 290

Green Car Congress

MAY 23, 2013

Ricardo released an analysis of two years of on-the-ground testing of the Ricardo-engineered Fuel-Efficient Ground Vehicle Demonstrator (FED) showing that, when compared to the US military’s regularly outfitted M1151 HMMWV (“Humvee”), the FED experienced a 72% improvement in fuel economy. Earlier post.)

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Fuel Economy Economy Fuel Maryland 275

Green Car Congress

JUNE 26, 2023

Saudi Arabia’s ambitions for an EV supply chain are part of the diversification of the national economy away from oil, a project guided by the government’s Vision 2030 reform plan announced in 2016. Rabigh Refining & Petrochemical Company will supply feedstock in the form of decant oil. Earlier post.)

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Saudi Arabia Supplies Building Chevron 170

Green Car Congress

JANUARY 9, 2015

2015 forecast share by region. In its latest Global Auto Report , Scotiabank forecasts record global car sales in 2015, with the total market advancing 4% over 2014, reaching more than 74 million units. Under the forecast, China will thus represent 26% of global auto sales in 2015. Forecasts Market Background Sales'

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2015 Global Auto Peru 150

Green Car Congress

OCTOBER 7, 2021

In its International Energy Outlook 2021 (IEO2021), EIA projects that strong economic growth, particularly with developing economies in Asia, will drive global increases in energy consumption despite pandemic-related declines and long-term improvements in energy efficiency. —Stephen Nalley.

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Global Energy Emissions Asia 259

Green Car Congress

JUNE 1, 2016

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. A sharp rise in oil prices would spur new investment and new drilling.

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Oil Supplies Market Oil Prices 150

Green Car Congress

FEBRUARY 5, 2018

As personal mobility increases, average new-car fuel economy (including SUVs and light trucks) will improve as well, rising from about 30 miles per gallon (7.83 However, oil will continue to play a leading role in the world’s energy mix, the report finds. l/100 km) now to close to 50 miles per gallon (4.7 l/100 km) in 2040. —T.J.

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Light Oil Fuel Vehicles 170

Green Car Congress

FEBRUARY 3, 2015

IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% —Lin Huaibin, manager, China light vehicle sales forecast, IHS Automotive. The IHS Automotive US light vehicle sales forecast for 2015 is 16.9

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2015 Light Market Global 150

Green Car Congress

JUNE 2, 2022

The Long-Term Electric Vehicle Outlook outlines two scenarios for the uptake of electric transport to 2050, and examines impacts on demand for batteries, materials, oil, electricity, infrastructure and emissions. million barrels of oil demand per day. —Aleksandra O’Donovan, head of electric vehicles at BloombergNEF.

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Transportation Emissions Fleet Economy 473

Green Car Congress

APRIL 8, 2015

In a new report, Navigant Research forecasts that total annual global light-duty start-stop vehicle (SSVs) sales will reach 59 million, accounting for 55% of all light duty vehicle sales. Forecasts SSVs' This also offers opportunities for other engine efficiencies such as electric boost. —“ Start-Stop Vehicles ”.

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Light North America Global Sale 150

Green Car Congress

OCTOBER 20, 2015

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. This apparent bravado notwithstanding, the two countries’ entry into the low-price Crudedome is ravaging their economies. by Dalan McEndree for Oilprice.com. — Mad Max: Beyond Thunderdome.

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Russia Saudi Arabia Oil Market 150

Green Car Congress

JULY 2, 2013

In contrast to arguments that peak conventional oil production is imminent due to physical resource scarcity, a team from Stanford University and UC Santa Cruz has examined the alternative possibility of reduced oil use due to improved efficiency and oil substitution. —Brandt et al.

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Oil Oil-Sands Fuel Economy Transportation 207

Green Car Congress

OCTOBER 5, 2010

New research released by Deloitte and Douglas-Westwood finds that the total cost of decommissioning the more than 260 offshore oil and gas platforms—including the associated wells, manifolds, pipelines and umbilicals—on the UK Continental Shelf (UKCS) could be in excess of $30 billion over the next 30 years.

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Cost Of Oil Gas Wind 170

Green Car Congress

DECEMBER 17, 2014

Household gasoline costs are forecast to average $1,962 next year, assuming that EIA’s price forecast, which is highly uncertain, is realized. Gasoline prices are forecast to go even lower in 2015. The forecast for West Texas Intermediate (WTI) crude oil spot prices averages $63/bbl in 2015.

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2015 Gasoline Fuel Economy MPG 210

Green Car Congress

MARCH 11, 2015

Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an abundance of market indicators that while important, tend to produce a lot of noise that makes any accurate estimate nearly impossible.

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Oil Prices Oil Price South Africa 150

Green Car Congress

JANUARY 19, 2011

World energy growth over the next twenty years is expected to be dominated by emerging economies such as China, India, Russia and Brazil while improvements in energy efficiency measures are set to accelerate, according to BP’s latest projection of energy trends, the BP Energy Outlook 2030.

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Energy Economy Global Oil-Sands 210

Green Car Congress

OCTOBER 28, 2010

Power forecast of hybrid-, plug-in hybrid- and battery-electric vehicle global sales through 2020. million passenger vehicles forecasted to be sold worldwide by that year. million passenger vehicles forecasted to be sold worldwide by that year. million HEVs, PHEVs and BEVs forecasted to be sold worldwide in 2020, some 3.9

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2020 Global Electric Vehicles Hybrid 250

Green Car Congress

MAY 2, 2012

The Global Fuel Economy Initiative ( GFEI ) ( earlier post ) launched its second three-year effort to improve vehicle fuel economy around the world at the International Transport Forum in Leipzig. Indeed whilst there has been tremendous policy progress in several major markets, in some places fuel economy is actually getting worse.

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Fuel Economy Economy Global Fuel 231

Green Car Congress

JANUARY 25, 2016

Global energy demand will increase 25% between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil forecasts in the 2016 edition of its annual The Outlook for Energy. The company forecasts modest gains for plug-in electric cars, with cost and functionality remaining barriers. Source: ExxonMobil.

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2014 Carbon Energy Fuel Economy 150

Green Car Congress

JANUARY 8, 2014

Additionally, in a sign that regional economies are rebounding, the motorcycle markets in North America and Europe are showing signs of life after several years of decline. in North America between 2014 and 2022, according to data from Navigant Research’s Electric Vehicle Market Forecasts report.

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2014 Global Sale Motorcycles 346

Green Car Congress

JULY 20, 2020

Bloom’s technologies can be critical in enabling South Korea to execute on its government-mandated Hydrogen Economy Roadmap. Innovation and execution are fundamental tenets of our business and we are excited about the opportunity to advance the hydrogen economy with our long-time partner, SK E&C. —Jason Ahn, CEO of SK E&C.

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Hydrogen South Korea Market Energy 386

Green Car Congress

DECEMBER 13, 2010

bank serving both private and public growth companies, forecasts the. the future of the economy and the environment. Rising Oil Prices Lead to Investments in Natural Gas. Oil markets are traditionally sensitive to a pick up in economic activity. Cascadia Capital , a diversified, boutique investment. technologies mature.

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Congress 2011 Clean Cleaning 170

Green Car Congress

MARCH 9, 2013

Transportation fuel mix in millions of oil-equivalent barrels through 2020. The relative shift away from motor gasoline to diesel is driven by improving light-duty vehicle fuel economy and the growth in commercial transportation activity. Sources for fuel economy gains in light-duty vehicles. Source: ExxonMobil Outlook.

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Gasoline Transportation 2020 Diesel 383

Green Car Congress

JULY 25, 2009

BP and Irving Oil will not be moving forward at this time with a proposed second refinery in Saint John, New Brunswick, as a result of global economic and industry conditions. It became clear, particularly over the past year, that the market conditions for refining have changed since BP and Irving Oil entered this memorandum of understanding.

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Oil Economy North America 2006 170