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ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

Green Car Congress

Tillerson said that even with significant efficiency gains, ExxonMobil expects global energy demand to increase by 30% by 2040, compared to 2010 levels. Demand for electricity will make natural gas the fastest growing major energy source and oil and natural gas are expected to meet 60% of energy needs over the next three decades.

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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

Green Car Congress

By 2040, hybrids are expected to account for about 35% of the global light-duty vehicle fleet, up from less than 1% in 2010. Hybrids are expected to account for about half of global new-car sales by 2040. Without the projected gains in efficiency, global energy demand could have risen by more than 100%. Source: ExxonMobil.

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ESP artificial lift company ZiLift secures £4M capital investment led by GE-NRG Energy-ConocoPhillips JV

Green Car Congress

Oil and gas services company Schlumberger defines artificial lift as any system that adds energy to the fluid column in a wellbore with the objective of initiating and improving production from the well. heavylift is intended to produce heavy oil and sand reliably at high temperatures. Source: Schlumberger. Click to enlarge.

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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

In a pre-response to that speech, having successfully advocated for plug-in hybrids like the forthcoming Chevy Volt, we propose that the President follow that speech up with a “realistic and conservative” roadmap to halve our oil use in 10 years. Oil is holding us all hostage, economically and physically. Finally, it’s time to begin.

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IAV says new version of modular electric drive can boost range 5-10% vs system with fixed transmission ratio

Green Car Congress

IAV presented a new version of its modular electric drive concept at the Vienna Motor Symposium. Combining a 50 kW (continuous) / 80 kW (maximum) e-motor and transmission, the modular drive unit can support electrification solutions in vehicle classes A to D. Modular transmission system with up to three speeds. 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%

Green Car Congress

The current global economic downturn will dampen world energy demand in the near term, as manufacturing and consumer demand for goods and services slows. World oil prices have fallen sharply from their July 2008 high mark. As the world’s economies recover, higher world oil prices are assumed to return and to persist through 2030.

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Road Test: Ford 2023 Escape PHEV

Clean Fleet Report

liter non-turbo 4-cylinder engine that produces 163 horsepower by itself, but adding in the motor generator that number increases to 200 hp. Normal mode is for around town, Eco when on long stretches of open highway for maximum efficiency, and Slippery and Snow/Sand are self-explanatory.

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