By 2040, half of all cars will be hybrids or running on alternative fuels; energy demand will be flat for the developed world but will increase 60% for developing nations, and non-conventional oil sources will handily meet the demand of 110m barrels.
Notwithstanding the huge jump in marketshare by 2040, "90 percent of the world's transportation will still run on oil-based fuels", the Exxon Mobil report predicted. In fact, according to William Colton, Exxon's strategic planning chief, the hybrid vehicles will only maintain oil's dominance as a transportation fuel because "the cheapest hybrids will be those that also use gasoline."
Nonetheless, environmentalists were pleased with this aspect of Exxon-Mobil's energy prediction regarding the widespread adoption of hybrid vehicles.
Deron Lovaas, Federal Transportation Policy Director at the Natural Resources Defense Council, said: "It's evidence that what the Obama administration is doing with fuel economy is working".
The report did stir some controversy within the fossil fuel industry as it predicted that natural gas, due to the boom in hydraulic fracturing, would replace coal as the second most widespread fuel behind oil - which was contested by the coal industry.
FULL STORY: Exxon Mobil predicts surge in hybrid vehicles

Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”

Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25% resulting in 1,900 jobs lost.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

This Toronto Suburb Has More Bus Riders Than Columbus, Ohio
Brampton, Ontario used gradual improvements in service to prove that if you build it, they will ride.

Paris Bike Boom Leads to Steep Drop in Air Pollution
The French city’s air quality has improved dramatically in the past 20 years, coinciding with a growth in cycling.

Why Housing Costs More to Build in California Than in Texas
Hard costs like labor and materials combined with ‘soft’ costs such as permitting make building in the San Francisco Bay Area almost three times as costly as in Texas cities.
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