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Big Oil Betting On Electric Vehicles

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Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Maybe even decline. ”.

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil remains the world’s leading fuel, but its 33.1% Global energy consumption grew by 2.5% Emerging economies accounted for all of the net growth, with OECD demand falling for the third time in the last four years, led by a sharp decline in Japan. globally, and 8.4% Gas production globally grew by 3.1%; the US recorded 7.7%

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Former president of Shell Oil calls for aggressive action on alternative fuels to break oil monopoly on transportation

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John Hofmeister, former President of Shell Oil Company and founder and CEO of Citizens for Affordable Energy (CFAE), is joining the Fuel Freedom Foundation (FFF) Advisory Board. There will not be enough oil to stay on the path we’re on globally over the short- and medium-, let alone the long-term. We need a competitor for oil.

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Report: Top Japan and S. Korea refiners to join forces

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The Nikkei reported that the top oil refiners in Japan and S. Korea—JX Nippon Oil & Energy Corp. —will join forces in petrochemicals and lubricating oils. unit will form a 50-50 venture with SK Global Chemical Co., Among other Japanese refiners, Cosmo Oil Co. and SK Innovation Co.—will

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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

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By 2040, hybrids are expected to account for about 35% of the global light-duty vehicle fleet, up from less than 1% in 2010. Hybrids are expected to account for about half of global new-car sales by 2040. Without the projected gains in efficiency, global energy demand could have risen by more than 100%. Source: ExxonMobil.

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Renault makes public its lifecycle study of Fluence ICE vs Fluence EV

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Renault recently made public the findings of an internal study, published first in October 2011, detailing and comparing the lifecycle assessments (LCAs) of the battery-electric and two internal combustion engined versions (gasoline and diesel) of the Renault Fluence. Gasoline Fluence 16V. Electric Fluence Z.E.

Li-ion 364
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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

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” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. Slower than expected sales of hybrids everywhere in the world but Japan in 2010.