Larger trucks and SUVs with powerful, high-displacement engines are the low-hanging fruit for any policymaker seeking the most efficient path to reducing gasoline use and the associated emissions.
This working paper analyzes three key factors that characterize the “new normal” of China’s oil demand: slowing overall demand growth, gasoline replacing diesel as the demand driver, and a substantial rise in refined products exports.
Testimony of
Kenneth B. Medlock III
James A. Baker, III, and Susan G. Baker Fellow in Energy and Resource Economics, and
Senior Director, Center for Energy Studies
James A. Baker III Institute for Public Policy
Rice University
To the
Senate Committee on Energy and Natural Resources
Washington, D.C.
February 12, 2013