IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil
Green Car Congress
NOVEMBER 13, 2011
Subsidies that encourage wasteful consumption of fossil fuels jumped to over $400 billion. Oil and the Transport Sector: Reconfirming the End of Cheap Oil. This trend is driven by major improvements in fuel economy in many countries, especially in the largest car markets in the United States, China, Europe and Japan.
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