The global effort to reduce reliance on gasoline and diesel may be fought on the streets of the world’s cities. In Buenos Aires , officials are making it easier to get around by bike and public transport, even on foot, to reduce car traffic and fight climate change. “We are increasing the level of service to make public transport sexy to the community, to make people keep choosing it to move around the city,” said Juan José Méndez, the city’s secretary of transport. While he didn’t have an estimate on the impact on refined product consumption, the effort is in line with a national drive to replace more diesel and gasoline with natural gas. Javier Iguacel, the country’s energy secretary, has set a target of fueling 80% of urban buses and 20% of passenger cars and cargo trucks with gas by 2030, tripling vehicular consumption to 20 million cu m/d, from 6.5 million cu m/d this year. The increased use of gas as well as biofuels and electric vehicles , along with a ramp up in renewable power capacity to 20% of demand in 2025, should keep oil consumption steady at 500,000 b/d even as production increases, according to Iguacel.… continue reading
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Source: CTRM Center