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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

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during the global recession in 2008/2009. EVs also face another headwind with the low price of oil prices, making them less competitive in terms of fuel cost savings vis-à-vis their internal combustion engine counterparts. A fall of 12% for 2020 would be considerably worse than the two-year peak-to-trough decline of 8.0%

Gasoline 269
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Belfer Center Brief Urges Higher, Stable Energy Prices to Achieve Long-Term Energy Policy Objectives

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The brief is based on the book, Acting in Time on Energy Policy (Brookings 2009), edited by Kelly Sims Gallagher, director of the Energy Technology Innovation Policy research group at the Harvard Kennedy School’s Belfer Center. Climate change policy. Oil security policy. Acting in Time on Energy Policy”.

Energy 150
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Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

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A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oil prices.

Oil 150
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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

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KPMG developed 3 nexuses linked by climate change to represent the challenges of sustainable growth. The 10 global sustainability megaforces that may impact business over the next two decades are: Climate Change: This may be the one global megaforce that directly impacts all others. Source: KPMG. Click to enlarge.

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US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

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World marketed energy consumption is projected to grow by 44% between 2006 and 2030, driven by strong long-term economic growth in the developing nations of the world, according to the reference case projection from the International Energy Outlook 2009 ( IEO2009 ) released today by the US Energy Information Administration (EIA).

2006 150
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Global biofuels productions hits all-time high

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The total is up from 90billion litres in 2009 and, research conducted by Worldwatch Institute’s Climate and Energy Programme, suggests that high oil prices and a global economic [.].

Global 50
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EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

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in 2009, will increase by 2.1% US crude oil production averaged 5.32 million bbl/d in 2009, up about 370,000 bbl/d from 2008. Projected growth in domestic crude oil production moderates to 200,000 bbl/d in 2010 and 70,000 bbl/d in 2011. EIA forecasts that regular-grade motor gasoline retail prices will average $2.92

2008 186