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ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

Green Car Congress

Demand for electricity will make natural gas the fastest growing major energy source and oil and natural gas are expected to meet 60% of energy needs over the next three decades. A total of 21 major oil and gas projects will begin production between 2012 and 2014.

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GE Transportation Unveils New Evolution Series Locomotive; 17% Reduction in Fuel Consumption, 70% Reduction in Emissions

Green Car Congress

GE Transportation introduced the newest line of fuel efficient and low emissions Evolution Series locomotives, the Model ES44C4. GE’s new AC motors have fewer parts to maintain and eliminate the electrical problems that hamper DC motors. million tons of carbon dioxide, a major greenhouse gas. The new Model ES44C4.

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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

Alternative technologies, such as hybrid and electric vehicles that use oil more efficiently or not at all, continue to advance but they take time to penetrate markets. Subsidies that encourage wasteful consumption of fossil fuels jumped to over $400 billion. By contrast, subsidies for fossil fuels amounted to $409 billion in 2010.

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