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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

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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

Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. The passenger vehicle fleet doubles to almost 1.7 Oil and the Transport Sector: Reconfirming the End of Cheap Oil.

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American Fuel Consumption Goes Down, Prices Do Not

The Truth About Cars

The Energy Information Administration (EIA) estimates that Americans were burning through a million fewer barrels of oil last week than they were the week before. What isn’t dropping is oil prices and that seems to be making all the difference. I'm going to get those gas prices down again,” he said. “I I promise you.”

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Opinion: Blaming Rising Fuel Prices on High Temps is Dumb

The Truth About Cars

In July, for example, Saudi Arabia starting reducing how much oil it sends to the global economy by 1 million barrels each day. This also translated to lower fuel prices at the pump with the national average for regular gasoline staying somewhere between $1.76 Today’s U.S. Russia is also exporting less, he said.

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