for Oil Demand
Given the natural synergies between autonomous vehicles and EVs, the growing interest and recognition of self-driving cars will spur a greater acceptance of electrification.
Headlines around electric cars and carbon policy suggest our oil dependency is on a slippery downward slope. Recent data from 2016 suggests the opposite: our worldwide addiction is getting stronger.
If refinery utilization remains near current levels, there is the danger of more inventory increases and downward pressure on product prices.
Although the public has not warmed to the idea of self-driving vehicles, consumers are open-minded about autonomy and willing to change their attitudes.
The past two years have reminded many observers that black gold is tough to beat, no matter what commitments countries make, and that countries like China still have a lot of room to grow.
The number of EVs that it would take to disrupt 2-3 percent of oil demand would boost global copper demand by 30 percent.
Right now, OPEC is revealing just how far from dead it really is, and realizing how much it can accomplish with words and meetings alone.
An Evolved Oil Market and New Vehicle Technologies Have Major Implications for Light Duty Fuel Economy
If it can be verified that the use of autonomous vehicles will improve overall fuel economy and reduce GHG emissions, the agencies should explore ways to maximize the benefits as soon as feasible.
In order for prices to break out of the current range of $40-$50, there needs to be a sharp drawdown in crude stocks, but so far that hasn't happened.
10 years after Recommendations to the Nation on Reducing U.S. Oil Dependence, the country has seen meaningful improvements in energy security, which continue to grow.