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April 11th - A Bank of America research report released on April 10th points out that since the 1970s, the global economys dependence on oil has gradually decreased: today, the amount of oil needed to produce the same level of GDP is only one-third of what it was in the 1970s. The OPEC crisis and the subsequent oil shock were once considered a severe stagflation shock. But today, economies are much more resilient to energy shocks of similar magnitude.On April 11, news circulated that JD.com was testing a new project called "Open Start" in collaboration with DeepBlue Auto, which was suspected to be related to launching a ride-hailing service. In response, JD Auto stated that it is not involved in a ride-hailing business and that "the new project will launch on April 13."On April 11, at the 2026 Intelligent Electric Vehicle Development High-Level Forum, Li Qiang, Vice President of the Public Cloud Business Unit and General Manager of AI Automotive Industry at Alibaba Cloud Intelligence Group, revealed that more than 30 automakers and intelligent driving solution providers are currently conducting intelligent driving research and development on Alibaba Cloud. The actual use of Pingtouges self-developed "Zhenwu" PPU has exceeded 100,000 calories, setting a record for the largest scale of self-developed AI chips used on a public cloud platform in the automotive industry.According to Lighthouse Pro, as of April 11, the total box office revenue (including pre-sales) for April 2026 exceeded 500 million yuan.April 11 – The China (Inner Mongolia) Pilot Free Trade Zone was officially inaugurated on the morning of April 11, bringing the total number of free trade zones in China to 23. The China (Inner Mongolia) Pilot Free Trade Zone covers an area of 119.74 square kilometers, encompassing three areas: Hohhot Area (76.28 square kilometers, including the Hohhot Comprehensive Bonded Zone of 0.88 square kilometers), Manzhouli Area (25.11 square kilometers, including the Manzhouli Comprehensive Bonded Zone of 1.44 square kilometers), and Erenhot Area (18.35 square kilometers).

The Economy And Weather Will Improve in 2022, Increasing U.S. Power Use

Aria Thomas

Nov 09, 2022 15:42

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According to the U.S. Energy Information Administration's (EIA) Short-Term Energy Outlook (STEO) released on Tuesday, the nation's power consumption will hit a record high in 2022 owing to increased economic activity and higher summer temperatures.


As temperatures moderate, the EIA forecasts that energy demand would decline from 4,036 billion kWh in 2022 to 3,990 billion kWh in 2023.


Contrast this with a demand low of 3,856 billion kWh in 2020 due to the coronavirus pandemic and a record high of 4,003 billion kWh in 2018.


The EIA forecasts that residential sales of electricity will climb to 1,509 billion kWh in 2022, commercial sales will rise to 1,371 billion kWh as more people return to the workforce, and industrial sales will reach 1,010 billion kWh.


This compares to residential consumption records of 1,477 billion kWh in 2021, commercial consumption records of 1,382 billion kWh in 2018, and industrial consumption records of 1,050 billion kWh in 2000.


The EIA predicts that the share of natural gas to power generation will rise from 37% in 2021 to 38% in 2022, before decreasing to 36% in 2023. Coal's share will decrease from 23% in 2021 to 20% in 2022 and 19% in 2023 as renewable energy output grows.


The generation of renewable energy will grow from 20% in 2021 to 22% in 2022 to 24% in 2023. The proportion of nuclear energy will fall to 19% in 2022, down from 20% in 2021, before rebounding to 20% in 2023.


The EIA estimated that in 2022, residential gas sales would reach 13.58 billion cubic feet per day (bcfd), commercial sales would reach 9.69 bcfd, industrial sales would reach 23.28 bcfd, and power generation would reach 33.01 bcfd.


This compares to record highs of 14.32 bcfd for residential consumers in 1996, 9.63 bcfd for commercial users in 2019, 23.80 bcfd for industrial clients in 1973, and 31.75 bcfd for electricity production in 2020.

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