Trump is frustrated gasoline prices don’t mirror oil’s decline. Experts say it’s not that simple
U.S. gasoline prices decreased an average of 49 cents a gallon in the last month as expectations rose for an end to the war with Iran.
External Publications with Brian Ó Gallachóir & James Glynn • Nature Scientific Reports • March 02, 2023
Meeting current global passenger and freight transport energy service demands accounts for 20% of annual anthropogenic CO2 emissions, and mitigating these emissions remains a considerable challenge for climate policy. Pursuant to this, energy service demands play a critical role in the energy systems and integrated assessment models but fail to get the attention they warrant. This study introduces a novel custom deep learning neural network architecture (called TrebuNet) that mimics the physical process of firing a trebuchet to model the nuanced dynamics inherent in energy service demand estimation. Here we show, how TrebuNet is designed, trained, and used to estimate transport energy service demand. We find that the TrebuNet architecture shows superior performance compared with traditional multivariate linear regression and state of the art methods like densely connected neural network, Recurrent Neural Network, and Gradient Boosted machine learning algorithms when evaluated for regional demand projection for all modes of transport demands at short, decadal, and medium-term time horizons. Finally, TrebuNet introduces a framework to project energy service demand for regions having multiple countries spanning different socio-economic development pathways which can be replicated for wider regression-based task for timeseries having non-uniform variance.
As the US and Europe navigate a difficult and uneven shift toward full battery electric vehicles (BEVs), the US and EU auto markets are under heavy pressure.
High political walls are hurting an industry vital to the character of the country.
Full report
External Publications with Brian Ó Gallachóir & James Glynn • Nature Scientific Reports • March 02, 2023