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Diesel Soon to Outsell Gasoline, Forecasts ExxonMobil

Growing demand in the U.S. could push it over the top.

by on Mar.12, 2013

The Chevrolet Cruze diesel is one of a wave of new "oil-burners" coming to the U.S. market."

The number of diesel models available in U.S. showrooms is soon to expected to double, according to one trade group, and though many Americans are still skeptical about the energy-dense fuel, the increase in demand could soon lead to diesel surpassing gasoline as the most popular transportation fuel, forecasts energy giant ExxonMobil.

Where demand for gasoline will stay fairly flat in coming decades, predicts a new report, sales of diesel will rapidly grow – much of that increase driven by the commercial vehicle sector.

The study also sees a growing role for hybrid-electric transportation, though even combined with plug-ins and pure battery-electric vehicles, or BEVs, ExxonMobile envisions “electrified” vehicles will still account for less than half of the global market by 2040.

Your High-Energy Source!

Diesel will surge past gasoline as early as 2020, and continue to gain share for at least another two decades, forecasts the company’s new study, “Outlook for Energy: A View to 2040.” Over the more than a quarter century covered by the report, diesel demand is expected to account for 70% of the growth in all transportation fuels.

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President Takes Steps to Boost Biofuels, Coal Use

More taxpayer subsidies are apparently underway as Administration recasts rhetoric toward job creation.

by on Feb.03, 2010

Energy independence or more pandering to big business lobbyists?

President Barack Obama today announced a series of steps his Administration is taking as part of its strategy to “enhance American energy independence while building a foundation for a new clean energy economy, and its promise of new industries and millions of jobs.”

The announcement comes as the Administration is under attack for its failure to create jobs despite promises to do so, and with unemployment at levels not seen since the Great Depression.

At a meeting of Republican and Democratic governors, the President proposed three measures would boost biofuels production and reduce dependence on foreign oil – all of them now cloaked as job creating.

The measures at first glance will be controversial, as they seem to require vast new taxpayer subsidies to special interest groups in the agriculture and energy industries. The administration is also under attack for growing deficits, of course, by the Republican party, which turned a budget surplus into a breathtaking deficit after eight years of rule, one that is only getting worse since the collapse of the financial markets in the fall of 2008 and the ensuing and ongoing great recession.

Perhaps the most controversial item as details emerge will be the President’s call for five to ten commercial demonstration projects to be up and running by 2016 of so-called “clean coal” projects, particularly carbon capture and storage (CCS).

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Fuelishness or News?

The President in a memorandum established an Interagency Task Force on Carbon Capture and Storage to develop a “comprehensive and coordinated federal strategy to speed the development and deployment of clean coal technologies.”

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