for Oil Demand
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.
In a rare increase in stringency over the proposed rules, certain large trucks are required to be up to 25 percent more fuel efficient.
SAFE's latest energy security fact pack shows how the oil market is rebalancing more slowly than any expected, with underwhelming demand and supply side reactions leaving prices volatile and stocks brimming.
Instead of achieving the original, headline-grabbing efficiency target of 54.5 miles per gallon (mpg), the fleet of new vehicles sold in 2025 is likely to clock-in at more like 50 mpg. And even that target depends on fuel prices over the next decade—with oil prices needing to approach $100 per barrel by 2025 to keep efficiency above 50 mpg.