VOL. XLIV

No. 16

16-April-2001

SUPPLY/DEMAND

Petroleum-Fuelled Vehicles Will Face Variety Of Competition In 2020

By 2020 there will be "a variety of models of transport competing with transport dominated by petroleum-fuelled cars and trucks," according to the authors of The New Economy Of Oil: Impacts on Business, Geopolitics and Society.* "The share of value added in transportation will shift from the primary energy source to the manufacturing process, from fuels to vehicles, and from cars and...