Forecast, Gasoline-Electric, Oil Prices and Supplies

EIA expects record global petroleum consumption in 2024, with lower crude oil prices

Green Car Congress

JANUARY 11, 2023

The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA also expects oil production in Canada, Brazil, and Norway collectively to grow 12% from 2022 to 2024, and also expects growth from new sources such as Guyana.

Oil Prices

Oil Prices Oil Global Price

EIA expects global consumption of liquid fuels to surpass 2019 levels in 2022

Green Car Congress

JULY 8, 2021

In the EIA forecast, global consumption of liquid fuels rises by an additional 3.7 EIA forecasts US liquid fuels consumption will rise to 19.6 EIA forecasts global inventories will continue to fall in the near term but at a slower rate, with global inventories falling by 0.2 US regular gasoline retail prices averaged $2.78

2019

2019 Global Fuel Gasoline-Electric

EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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.

2019

2019 Fuel Coal 2020

Nikkei: popularity of fuel-efficient vehicles lowering demand for gasoline in Japan

Green Car Congress

JULY 7, 2012

The Nikkei reports that the nationwide average price in Japan for regular gasoline was ¥139.8 Prices at the pump are falling in Japan not only due to lower crude oil prices, but also because the widespread popularity of fuel-efficient vehicles has lowered demand for gasoline.A per liter ($6.65

Japan

Japan Gasoline Fuel Gasoline-Electric

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Green Car Congress

APRIL 14, 2015

AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

2020

2020 Energy Transportation Oil Prices

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

Green Car Congress

JULY 12, 2011

According to a recently published report commissioned by the Victoria (Australia) Department of Transport from AECOM, electric vehicle (EV) technology offers the state of Victoria potentially significant economic benefits by the late 2020s. electricity supply to provide the necessary protections from higher voltages.

PHEV

PHEV Oil Prices Australia Price

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

DECEMBER 16, 2013

Among the more detailed transportation projections in AEO2014 are: LDVs powered by gasoline remain the dominant vehicle type in the AEO2014 Reference case, retaining a 78% share of new LDV sales in 2040, down from their 82% share in 2012. Natural gas overtakes coal as the largest fuel for US electricity generation.

Oil

Oil Light Energy Vehicles

Study: Kerry-Lieberman Bill Would Cut US Oil Imports By Up to 40% Below Current Levels

Green Car Congress

MAY 21, 2010

This would cut US spending on imported oil by $51 to $93 billion per year and, by lowering global oil prices, reduce oil producer revenues by $263 to $436 billion annually by 2030. Renewable and nuclear energy would grow from 8% each of US energy supply today to 16 and 14% respectively in 2030. The Act prompts $41.1

Oil

Oil Climate Change Oil Prices 2005

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

Green Car Congress

JUNE 7, 2017

A new study by researchers at the University of Colorado at Boulder projects the emission impacts of the widespread introduction of inexpensive and efficient electric vehicles into the US light duty vehicle (LDV) sector. Among their findings: Gasoline vehicles dominate in the BAU scenario for the entire time horizon.

Emissions

Emissions Economy Gasoline-Electric Coal

Study finds no alternative to widespread switching of direct fuel uses to electricity to meet 2050 California GHG targets; putting detail in climate wedges

Green Car Congress

NOVEMBER 27, 2011

Technically feasible levels of energy efficiency and decarbonized energy supply alone will not be sufficient to reduce greenhouse gas emissions 80% below 1990 levels by 2050, according to a detailed modeling of the California economy performed by a team from Energy and Environmental Economics, the Monterey. Williams et al. Click to enlarge.

Climate

Climate California Fuel Gas-Electric

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

Green Car Congress

DECEMBER 5, 2012

Transportation sector gasoline demand declines. Sales of battery-powered electric vehicles are 65% lower in the AEO2013 Reference case than the year before, with annual sales in 2035 estimated to be about 119,000. Domestic oil production will rise to 7.5 Motor gasoline consumption will be less than previously estimated.

Fuel

Fuel Energy Sale 2013

EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

Green Car Congress

DECEMBER 17, 2010

Shale gas offsets declines in other US supply to meet. The Annual Energy Outlook 2011 (AEO2011) Reference case released yesterday by the US Energy Information Administration (EIA) more than doubles the technically recoverable US shale gas resources assumed in AEO2010 and added new shale oil resources. Source: EIA. Click to enlarge.

Gas

Gas 2011 Price Energy

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

Green Car Congress

MARCH 2, 2013

Despite the wide variation in design, inputs, and assumptions within the LCA studies reviewed, the DOS SEIS identified several key findings, “ clearly supported by the LCA results ”: % change in near-term WTW weighted-average GHG emissions from the mix of WCSB oil sands crudes that may be transported in the pipeline relative to reference crudes.

Climate Change

Climate Change Oil-Sands Nebraska Climate

Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Green Car Congress

FEBRUARY 4, 2011

A new study sponsored by Indiana University concludes that President Obama’s vision of one million plug-in electric vehicles (PEVs) on US roads by 2015 will require concentrated efforts action from all stakeholders— the auto industry, federal government, the scientific community, and consumers—to be realized. —John D.

Plug-in

Plug-in 2015 Plug Recharge

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

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. The number of people without access to electricity remained unacceptably high at 1.3 The passenger vehicle fleet doubles to almost 1.7

Oil

Oil Transportation Cheap Fleet

Bank of America: Oil Demand Growth to Hit Zero Within a Decade, EVs the Culprit

Green Car Congress

FEBRUARY 7, 2019

The main driver of the destruction in demand is the proliferation of electric vehicles. An executive from Ford said recently that automakers might feel compelled to invest directly in cobalt production over fears of securing adequate supply. “I That would alter oil demand forecasts, but in complicated ways.

Oil

Oil America Oil Prices South Africa

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

APRIL 16, 2009

The World's First Clean Motocross Race On Electric. High-Speed Rail Unlocks Intermodal Potential Texas Excess Ford Expands Hybrid Success to Electric Vehicles ► March (17) Carbon Capture and Storage: To Be or Not To Be? Intelligent Charging Infrastructure for New Electr. Here we go again.or Carbon trading vs t.

Grid

Grid Electric Vehicles Vehicles Oil-Sands

EV Driven

EIA expects record global petroleum consumption in 2024, with lower crude oil prices

EIA expects global consumption of liquid fuels to surpass 2019 levels in 2022

EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

Nikkei: popularity of fuel-efficient vehicles lowering demand for gasoline in Japan

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

AECOM study finds EV adoption in Victoria can offer significant economic benefits by late 2020s; PHEVs initially lead uptake

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Study: Kerry-Lieberman Bill Would Cut US Oil Imports By Up to 40% Below Current Levels

Study projects emission impacts of inexpensive, efficient EVs: 36% further reduction in LDV GHG by 2050, or 9% economy-wide

Study finds no alternative to widespread switching of direct fuel uses to electricity to meet 2050 California GHG targets; putting detail in climate wedges

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

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

Bank of America: Oil Demand Growth to Hit Zero Within a Decade, EVs the Culprit

Cleantech Blog: Smart Grids and Electric Vehicles

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