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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

Green Car Congress

Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35% increase in energy demand by 2040, according to ExxonMobil’s latest Outlook for Energy report. The OECD represents the developed economies. Click to enlarge. Outlook for Energy.

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. billion vs. $1.6 billion) and $1 billion ($2.5

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Energy is the foundation of Russia, its economy, its government, and its political system. Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ).

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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

Regardless of whether your car is an EV or ICEV, the process to manufacture any vehicle is energy-intensive and requires the extraction and refinement of raw materials to build parts. Battery production is known to be the most energy-intensive part of the manufacturing process of an EV. Vehicle body and other car parts.

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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

Regardless of whether your car is an EV or ICEV, the process to manufacture any vehicle is energy-intensive and requires the extraction and refinement of raw materials to build parts. Battery production is known to be the most energy-intensive part of the manufacturing process of an EV. Vehicle body and other car parts.