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MIT and IEA reports take different views of the future of natural gas in transportation

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MIT and the IEA both have newly released reports exploring the potential for and impact of a major expansion in global usage of natural gas, given the current re-evaluation of global supplies. The IEA takes a more conventional approach, assessing the impact on the penetration of vehicles burning gas as their fuel. Earlier post.)

MIT 299
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IEA working paper highlights potential role of natural gas in reducing global road transport CO2

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The global natural gas vehicle fleet has grown rapidly in the last 10 years, but still represents less than 1% of global transport fuel consumption. gas sources, such as biogas or bio-synthetic gas. gas sources, such as biogas or bio-synthetic gas. Click to enlarge.

Gas 207
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Baker Institute: End of the ‘Big Oil giveaway’ is underway in the Persian Gulf

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They have raised prices on transportation fuel; three have increased prices on electricity and water in citizens’ homes; and electricity and water subsidies for businesses have been reduced in five of the six monarchies, the brief noted. Across the Gulf, Iran has taken similar steps.

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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

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This geographically diverse group comprises Brazil and Mexico in the Americas; South Africa and Nigeria in Africa; Egypt and Turkey in North Africa/Mediterranean; Saudi Arabia and Iran in the Middle East; as well as Thailand and Indonesia in Asia. The OECD represents the developed economies.

Energy 252
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Baker Institute: energy-subsidy reform can be achieved with proper preparation, outside pressure

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No government in the world wants to antagonize motorists or raise electricity prices. Whether sold as bulk crude oil and natural gas or as retail electricity, gasoline or diesel, the major exporters of OPEC, Russia and others harbor some of the lowest domestic energy prices in the world. —Jim Krane.

Energy 199