The return of the electric car and its adoption, like that of the motor vehicle in place of horses in early 20th century, could cut oil consumption substantially in the coming decades. This working paper suggests that oil as the main fuel for transportation could have a much shorter life span left than commonly assumed. In fact, oil could become the new coal by early 2040.
Riding the Energy Transition: Oil Beyond 2040
Authors: Reda Cherif, Fuad Hasanov, Aditya Pande
From: IMF
What is the accuracy of energy intensity predictions?
Changes in energy intensity depend on economic growth and historical errors in projecting energy intensity can partly be explained by errors in projecting the rate of economic growth. David Stern explains in this post why in his opinion recent projections of the elasticity of energy intensity with respect to economic growth probably overstate the likely future reduction in energy intensity.
How Accurate are Projections of Energy Intensity?
By: David Stern – Australian National University
