Last year, for the 5th straight year, the US was the world’s largest producer of petroleum and natural gas hydrocarbons. US hydrocarbon production in energy content terms is almost evenly split between petroleum and natural gas.

US crude oil production will, for the first time in nearly 50 years, climb to 10 million barrels per day by March 2018, predicted the country’s Energy Information Administration. This would mark the highest daily US production rate since November 1970, when production climbed to nearly 10.05 million b/d.

Statoil estimates 2050 global crude oil demand at between 65 million to 120 million barrels per day, compared with its current estimate of 97 million bpd.

In the Netherlands, all public transport trains are now being powered by wind turbines.

The International Energy Agency reported last year there were 2 million electric vehicles on roads worldwide. This is double the number a year earlier. Despite the large increase in EV purchases, this is merely 0.2% of the total number of passenger light-duty vehicles on the world’s streets. 95% of electric car sales take place in 10 countries – China, the United States, Japan, Canada, Norway, UK, France, Germany, the Netherlands and Sweden. The Agency said lower battery costs should narrow the cost competitiveness gap between electric vehicles and internal combustion engines. Hence, there is a “good chance” the global electric car stock could reach between 9 million and 20 million by 2020 and between 40 and 70 million by 2025.

 

 

At an energy conference in Beijing, China countries from North America, Europe and Asia a set a goal of electric vehicles accounting for 30% of new passenger car sales by 2030. Called the EV30@30 initiative, member countries include Canada, China, Finland, France, India, Japan, Mexico, the Netherlands, Norway and Sweden.

In 2016, 6.4% of total new car sales in the Netherlands last year were electric. The government aims to have electric and hybrid cars account for 50% of new car sales by 2025.

The Eastern European country of Romania has 600 electric cars and 100 charging stations. To increase the number of EVs on the road, the government will build new charging infrastructure. The goal is to have by 2020 at least 10 public charging stations in each Bucharest district and 5 recharging stations in cities with more than 100,000 inhabitants.

Only 219 of the 1.2 million new passenger vehicles sold in Australia in 2016 were electric. Battery powered cars currently represent only 0.002% of the total Australian market.

Norwegian energy company Statoil reported that electric and plug-in hybrid vehicles could potentially account for 90% of passenger transportation vehicles on the road by 2050, but the aviation and maritime transport sectors will still rely heavily on conventional fuels at that time.

The average electric vehicle battery is expected to last about eight to ten years, at which point they need to be swapped out for a new one. After the 10 year mark, EV batteries still have about 70% of their capacity, which means that even if they’re not suitable for powering a car anymore, they are suitable for other uses. European automaker Renault has come up with a way to recycle the batteries it rents to its 120,000 car buyers. The company has partnered with home energy storage company Powervault which will use these EV batteries in home energy systems that store renewable energy from solar panels and let home owners use renewable power throughout the day, not just when the Sun is shining. The used batteries will reduce the homeowners cost by about 30%.

 

with h/t Tom Whipple and Fred

 

 

 

 

 

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