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EIA projects that world oil consumption will grow by 1.5 This growth is the result of an expected recovery in the global economy, with world gross domestic product (GDP, on an oil-weighted basis) assumed to rise by more than 3 percent per year. US crude oil production averaged 5.32 million barrels per day (bbl/d) in 2010 and 1.6
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.
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
Indeed I am talking about Big Dick Cheney, who in addition to his many other immoral and criminal acts also shamelessly promoted the excessive use of oil, coal, gasoline and other fossil fuels by encouraging Americans to use all the energy they could afford to put on their credit cards. The Big Dick Cheney Effect.
The policy, intended to reduce greenhouse gas emissions and oil consumption, is geared to a nation where most people rely on cars for transportation. billion in stimulus grants to the industry. In 2007, the administration announced a plan to replace the city’s 13,000 taxis with conventional hybrid cars by 2012. Or No Cars?
Last year people were able to get unleveraged tax equity financing to monetize the production tax credits at yields to the tax investor of 6-7%; this year tax equity investors are seeking yields ranging from 10-15% for leveraged tax equity transactions utilizing the investment tax credit that is now available under the Stimulus Bill.
Oil is the alternative. Are we going to burn more oil, natural gas, or (gasp) coal to produce it? Unfortunately, there is very little specific funding for wireless transmission in the stimulus bill that was just signed by the USA President. Alternative is no longer an alternative. — Bada Bing 9.
Bob Lutz’s Latest Volt Test Drive Sprinting for Green Stimulus Dollars New Subsidies for Electric Cars in Britain Electric Car Makers: Oregon Wants You G.M. It is also flex so that future biomass fuels such as cellulosic ethanol, methanol can be used (no oil). Learn your facts before you post please. — Volt Enthusiast 7.
And so it proved as the subsidy programme helped Ford to its first increase in US vehicles sales since 2007 after it sold 158,838 vehicles in July – a two per cent increase compared to the previous year (see article ). With General Motors and Chrysler also showing signs of modest improvement, all looked rosy. So is this scheme green at all?
The Three Prongs of the “Green&# Energy Stimulus Pa. The Smart Grid Consortium, established in December 2007 by Xcel Energy, will select a community of approximately 100,000 residents to become a Smart Grid City using V2G. Millions of EVs and PHEVs would expand the sale of electricity as an alternative to oil. Email Neal.
The SunShot Incubator Program is an expansion of DOE's successful PV Technology Incubator Program, launched in 2007, which to date has funded $60 million in projects that have been leveraged into $1.3 And is President Obama using stimulus funds to reward his political contributors? billion in private investment.
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