Without significant intervention, demand for crude oil could rise by a further 25% by 2035, stemming from its use for transportation, particularly road transport. Many technologies for alternative fuels and substitute transport energy carriers are being researched, but successful implementation of these technologies at scale will require attention to consumer-behavioural and policy challenges a...

Petroleum (crude oil) is one of the most important resources of energy and its demand and consumption is growing while it is a non-renewable energy resource. Hence forecasting of its demand is necessary to plan appropriate strategies for managing future requirements. In this paper, three types of time series methods including univariate Seasonal ARIMA, Winters forecasting and Transfer Function-...

Road vehicles are a key part of the climate change challenge, representing both an important source of petroleum demand and greenhouse gas (GHG) emissions worldwide. In the United States, light-duty vehicles (LDVs, i.e., cars and light trucks) alone account for 43% of petroleum demand and 23% of GHG emissions, when fuel production is considered [MacKenzie, 2013]. The United States, Europe, Chin...

This paper examines the short-run and long-run determinants of final oil consumption in seven major economic sectors in Thailand. Two different approaches are compared. The first approach uses dynamic panel data estimation techniques taking into account oil consumption of the whole economy in an aggregate manner. The second approach employs the ADL equilibrium correction framework to model oil ...

Administration (EIA) provides analyses used to assess proposed energy and environmental policies and to make energy forecast for the Annual Energy Outlook (AEO). The tool used by EIA for these mid to long term forecasts is the National Energy Modeling System (NEMS), a large-scale model of energy supply, demand, prices, and technologies. One component of NEMS is the Petroleum Marketing Module (P...

This paper presents empirical evidence which indicates that the introduction of petroleum based products on the American markets was a significant factor in reducing the demand for whale oil. As a result, the whaling industry, America’s 5th largest industry at the time, soon collapsed. A counterfactual study is then presented which suggests that if the introduction of petroleum based products h...

Visualization 6 On Demand Business Fundamentals 8 Conclusions 8 References 8 Acknowledgements Visualization technologies deepen the content knowledge within the upstream disciplines. Summary Visualization and collaboration are strategic enablers of the data-rich and knowledge-constrained upstream enterprise. The On Demand business model provides a robust framework for building and fine-tuning t...

Microbial bioremediation of petroleum wastewater by phenol-degrading-bacteria holds promise in circumventing the issue of petroleum-spill related pollution. Herein, biodegradation of petroleum wastewater samples collected from oil refinery site was carried out in a fluidized bed bioreactor by Ca-alginate immobilized biomass of phenol-degrading strains of Bacillus cereus (AKG1 MTCC9817 and AKG2 ...