John Hennessy III,
P.E.
Global consumption of petroleum and other liquid fuels is estimated to have grown by 1.4 million b/d in 2015. EIA expects global consumption to increase by 1.5 million b/d in 2016 and by 1.4 million b/d in 2017, mostly driven by growth in countries outside of the Organization for Economic Cooperation and Development (OECD). Non-OECD consumption growth was 0.9 million b/d in 2015, and it is expected to be 1.2 million b/d in 2016 and 1.3 million b/d in 2017.
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MOBILITY CHOICE COALITION
Oil’s virtual monopoly over transportation fuel coupled with limited economical and convenient alternatives for moving people and goods have made oil a strategic commodity and the lifeblood of the domestic and global economies. Passenger vehicles and light trucks account for more than 45 percent of U.S. oil demand. To reduce the strategic importance of oil, the United States must embark on a comprehensive effort to both break oil’s monopolistic grip on fuel for the light-duty vehicle fleet and open the market to vibrant competition among transportation options.
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