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EIA: Crude oil demand returns faster than supply, increasing prices and reducing inventories

Green Car Congress

The price of US benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020 as demand returns faster than supply, according to the US Energy Information Administration (EIA). US crude oil inventories were 440.3 million barrels by the end of June 2020.

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Study forecasts even with modest warming, global energy demand to increase by mid-century

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A new study published in Nature Communications by researchers from IIASA, Boston University, and the Ca’ Foscari University of Venice found that by mid-century, climate change will increase the demand for energy globally, even with modest warming. The world is dependent on energy both for human wellbeing and society’s continued development.

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Machine learning PODA model projects the impact of COVID-19 on US motor gasoline demand

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Their open-access paper appears in the journal Nature Energy. There are studies that discuss the impacts of unexpected natural hazards and/or disasters on energy demand and/or consumption and studies that evaluate the impacts of previous pandemics on tourism and economics. Nat Energy doi: 10.1038/s41560-020-0662-1.

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Is Personal Energy Independence A Better Selling Point?

CleanTechnica EVs

Then, as more copies are made, prices start to fall. Then, as adoption goes mainstream and then into a majority, prices become so low. continued] The post Is Personal Energy Independence A Better Selling Point? When it comes to selling clean technology, each kind of technology goes through several phases.

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Peninsula Clean Energy expands EV rebate program; up to $1,000 for new EVs under $45K

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Peninsula Clean Energy, a Community Choice Aggregation agency and the official electricity provider for San Mateo County in California, is expanding its program offering rebates to help first-time buyers of new electric vehicles. Eligible vehicles are any new EVs that have a purchase contract cash price of $45,000 or less, before sales tax.

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EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

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Liquid fuels production (OPEC crude and lease condensate, non-OPEC crude and lease condensate, and other) and consumption (by OECD and non-OECD regions) under three price cases in 2040. per year, as the mature economies react to sustained high fuel prices. Dashed red line shows 2010 consumption of 87 MMbbl/d. Source: EIA.

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EVs dominate list of efficient cars in ORNL 2022 Fuel Economy Guide

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The guide is part of the fueleconomy.gov site, maintained by ORNL for the Department of Energy and the Environmental Protection Agency. Consumers can personalize estimates for their annual miles and local fuel prices, for example. Credit: Andrew Sproles/ORNL, U.S.