Remove Forecast Remove Gas Remove Oil Remove South Africa
article thumbnail

Opinion: Everyone Is Guessing When It Comes To Oil Prices

Green Car Congress

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.

article thumbnail

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

Without efficiency gains across economies worldwide, energy demand from 2010 to 2040 would be headed toward a 140% increase instead of the 35% forecast in the report. Across OECD nations, the Outlook assumes the implied cost of policies to reduce greenhouse gas emissions will reach about $80 per tonne in 2040. Outlook for Energy.

Energy 252
article thumbnail

Study finds rising temperatures increase risk of unhealthy ozone levels absent sharp cuts in precursors

Green Car Congress

The study shows that Americans face the risk of a 70% increase in unhealthy summertime ozone levels by 2050, assuming continued greenhouse gas emissions with resultant significant warming (IPCC Scenario A2 and RCP (Representative Concentration Pathway) 8.5.). Both scenarios assumed continued greenhouse gas emissions with significant warming.

Ozone 199
article thumbnail

PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

Green Car Congress

Examining the role of shale gas, PwC’s report suggests that at current rates of consumption, replacing 10% of global oil and coal consumption with gas could deliver emissions savings of around 3% a year (1gt CO 2 e per annum). Other G20 (Australia, Korea, EU, South Africa, Saudi Arabia, Argentina).