Remove Oil Remove Power Remove Stimulus Remove Wind
article thumbnail

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

Green Car Congress

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. Increasing US refinery production along with rising crude oil supply from OPEC, its partner countries, and US tight oil producers should help bring those prices down. gal last summer.

2019 186
article thumbnail

Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

Green Car Congress

The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. The 70’s oil crisis came and went; the loss of USA domestic market share occurred and a recent bankruptcy wave that hit the industry.

Renewable 220
article thumbnail

IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

Green Car Congress

Today around the world, new renewable power plants are being built that will generate electricity for less cost than fossil-fuel power plants. IRENA’s macroeconomic analysis suggests that such investment creates a stimulus that, together with other pro-growth policies, will: boost global GDP by 0.8%

Renewable 199
article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Dr. Paul addressed a positive change—the days of increasing US oil consumption may be over. “ We reached peak oil consumption in the US in 2008 and the same is true in the EU and Japan. ” M barrels/day of oil within the next 10 years ”. Dr. Paul still sees significant growth in the developing world. Billion vs. $28.3

Financing 150
article thumbnail

Plug-in cars: Moving Forward

Plugs and Cars

Veteran automakers, oil companies, and federal and state governments have been both the prime movers and obstacles to plug-in cars in the past and they remain so today. However, the power relationships have shifted somewhat. The open question is what forces will drive the process and therefore at what pace. Such as the $1.1

Plug-in 100
article thumbnail

NYC Goes EV

Revenge of the Electric Car

The policy, intended to reduce greenhouse gas emissions and oil consumption, is geared to a nation where most people rely on cars for transportation. Plug-in hybrids run on an electrical charge for about 40 miles before switching to gas power. billion in stimulus grants to the industry. Better Cars …. If by 2015, 2.5 Or No Cars?

article thumbnail

Next 10 report finds California must increase GHG reductions to 4.9%/year through 2030 to meet target

Green Car Congress

This year’s Index finds that 2018 greenhouse gas emissions—the latest year for which data are available—rose overall for the first time since 2012, driven in part by increases in the power and commercial sectors. Private sector investment can also drive green stimulus. Noel Perry, businessman and founder of Next 10.