A recent study estimates a continued increase in world oil demand. But after 2020, the study claims, that demand will drop dramatically. By 2035, the study claims, the world demand will be under what it was last year. Article resource: New study predicts world oil demand will peak in 2020
2020 oil peak
The England-based Ricardo Strategic Consulting firm’s recent study forecasts an oil demand peak by 2020. The study cites increased regulation worldwide, improved combustion motor technology and the increase of alternative fuels for the forecasted trend.
Increased regulation
The study claims that the governments of the developed world - such as the United States - are little-by-little enacting regulations that will slow oil intake in the long run. The Corporate Average Gas mileage (CAFÉ) mandate is spoken of on the study. It talks about how by 2025, all brand new vehicles have to have 54.5 miles per gallon.
As reported by Ricardo, oil consumption will be impacted by hybrid and electric cars. The study doesn’t say that they'll make an impact in the downward slide.
Engines working
Increased combustion engines will make a huge difference. The Ricardo study says that an “evolutionary change in the automotive sector will bring about a revolutionary change in fuel demand.” The CAFÉ mandate will make a difference in this technology.
More biofuels
The agriculture industry will do better with the increasing costs for biomass; Ricardo claims will lessen the demand. Riccardo said:
“As a result, the study projects that the production of first generation biofuels may increase by 5-6 times over today’s levels.”
Living organic matter can be turned into biomass. It is the basis of biofuel production.
What about natural gasoline?
Oil usage will drop as more individuals start using natural fuel in cars:
“The improving supply outlook for natural gas … is likely to drive an increasing disconnect of the gas price from the oil price, encouraging substitution of oil in both stationary and on-road transportation.”
Articles cited
Mlive
International Business Times
Automotive.com
2020 oil peak
The England-based Ricardo Strategic Consulting firm’s recent study forecasts an oil demand peak by 2020. The study cites increased regulation worldwide, improved combustion motor technology and the increase of alternative fuels for the forecasted trend.
Increased regulation
The study claims that the governments of the developed world - such as the United States - are little-by-little enacting regulations that will slow oil intake in the long run. The Corporate Average Gas mileage (CAFÉ) mandate is spoken of on the study. It talks about how by 2025, all brand new vehicles have to have 54.5 miles per gallon.
As reported by Ricardo, oil consumption will be impacted by hybrid and electric cars. The study doesn’t say that they'll make an impact in the downward slide.
Engines working
Increased combustion engines will make a huge difference. The Ricardo study says that an “evolutionary change in the automotive sector will bring about a revolutionary change in fuel demand.” The CAFÉ mandate will make a difference in this technology.
More biofuels
The agriculture industry will do better with the increasing costs for biomass; Ricardo claims will lessen the demand. Riccardo said:
“As a result, the study projects that the production of first generation biofuels may increase by 5-6 times over today’s levels.”
Living organic matter can be turned into biomass. It is the basis of biofuel production.
What about natural gasoline?
Oil usage will drop as more individuals start using natural fuel in cars:
“The improving supply outlook for natural gas … is likely to drive an increasing disconnect of the gas price from the oil price, encouraging substitution of oil in both stationary and on-road transportation.”
Articles cited
Mlive
International Business Times
Automotive.com
