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TheStreet Open House

World Energy Outlook Highlights Continued Dominance Of Diesel Powering Global Economies Well Into The Future

International Energy Agency Report Notes Declining Role for Gasoline, Growth for Diesel And Improving Efficiencies in Diesel Consumption

WASHINGTON, Nov. 20, 2012 /PRNewswire-USNewswire/ -- The World Energy Outlook (WEO) finds that diesel fuel will remain the "dominant" growth fuel between now and 2035, according to the International Energy Agency (IEA), the author of the November 2012 report.

(Logo: http://photos.prnewswire.com/prnh/20120201/MM46474LOGO)

"The IEA report findings reinforce the importance of diesel as a fuel and technology well into the future and further highlight the potential for continued gains in diesel energy efficiency around the globe," said Allen Schaeffer, the Executive Director of the Diesel Technology Forum.

The IEA's findings are consistent with those of the National Petroleum Council in its recent report "Advancing Technology for America's Transportation Future" for the U.S. Department of Energy. The NPC report stated: "Diesel engines will remain the powertrain of choice for HD vehicles for decades to come because of their power and efficiency. There are, however, opportunities to improve the technology. Significant fuel economy improvements in diesel powered trucks are possible. Indeed, the fuel economy (mpg) for new Class 7&8 HD vehicles, which consume more than 70% of the fuel in the trucking fleet, could be doubled."

According to the new IEA report, more than 60 percent of all diesel consumed globally in road transport is consumed by trucks and diesel accounts for more than 90 percent of the total fuel use by trucks.

"There is a reason the International Energy Agency, the National Petroleum Council and virtually all U.S. and international energy and transportation analysts predict diesel will remain the dominant energy source for decades to come," Schaeffer said.  "The reason diesel powers the overwhelming majority of the nation's commercial trucking, school and transit bus fleets is because of diesel's unmatched combination of availability, safety, energy-efficiency and economical operation and performance compared to all other energy sources.

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