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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

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According to a separate report from SAFE, a Washington-based think tank, the oil industry has cut somewhere around $225 billion in capex in 2015 and 2016, which will lead to global supplies 4 million barrels per day lower in 2018-2020, compared to what market analysts expected as of 2014. The price acts as a self-correcting mechanism.

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Cheap Oil Will Last A Decade, Says Huge Oil Trader

Green Car Reports

The low oil prices that boosted new-car sales and caused average fuel-economy gains to sputter last year may be here to stay, for a while at least. With fuel prices low throughout 2015, Americans bought more new cars, but many of them were less-efficient SUVs and crossovers.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. IHS Automotive experts also expect SUVs to remain the fastest-growing segment in China in 2015. The North American market will continue its upswing, though the pace differs by country.

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

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The result will be rapidly rising market shares for electric vehicles in the biggest markets, even with oil prices staying low. BNEF analyzed the auto market not just by country but also by segment, encompassing everything from small run-arounds to SUVs and large family cars.

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Nissan Introduces 7th Generation Patrol with New 5.6L V8

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Nissan has introduced its seventh-generation Patrol—its global flagship large SUV model—incorporating a new platform, a new high-end V8 engine, a 7-speed automatic transmission and a new 4WD system. The first is the CO 2 problem is here to stay,” and the second is that oil prices are likely to increase. “I

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Soon an Electric Vehicle Will Cost Less Than An IC Engine Vehicle !!!

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According to BloombergNEF estimates, larger vehicles such as hybrid sedans and SUVs would be as inexpensive to manufacture as petrol and diesel models by 2026, with compact cars crossing the threshold the following year. A rise in oil price and tax on crude products also might play a significant role in countries without oil reserves.

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Heard At The Show: Snippets from SAE 2009 World Congress

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Alexander Edwards, President, Automotive Strategic Vision believes the exodus from full size SUVs was caused by economic caution as much as higher gas prices. “ People were concerned about spending $35,000 for an SUV that seats five, they were saying for $21,000 I can get a sedan that seats five.

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