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US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

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World marketed energy consumption is projected to grow by 44% between 2006 and 2030, driven by strong long-term economic growth in the developing nations of the world, according to the reference case projection from the International Energy Outlook 2009 ( IEO2009 ) released today by the US Energy Information Administration (EIA).

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EIA: world petroleum use sets record high in 2012 despite declines in North America and Europe

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In 2011 and 2012, higher oil prices and increased fuel efficiency of light-duty vehicles contributed to reduced US consumption. Petroleum use in Europe has declined in every year since 2006. Declines in petroleum consumption in the United States in 2008 and 2009 occurred during the economic downturn.

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Record $86B in 2011 US oil and gas upstream deals, led by unconventional sector with $62B

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We expect continued strong activity in oil and liquids-rich resource plays in 2012. Values of US upstream M&A oil and gas M&A deals, 2006-2011. A comprehensive review of Oil and Gas M&A Activity in 2011 will be completed in the next several weeks. billion compared to less than $300 million annually from 2006 through 2010.

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The Real Reason for USA based Economic Recessions.

DIY Electric Car

There have been 5 recession since then until now and I wanted to see if Oil had anything to do with them, because deep in my heart, I knew the most recent recession was directly caused by the oil price spikes that started in 2007 and peaked in 2008. This increase in oil prices again pushed the economy into a recession.

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IEA: Global CO2 emissions up by 1.0 Gt (3.2%) in 2011 to record high

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US emissions have now fallen by 430 Mt (7.7%) since 2006, the largest reduction of all countries or regions. CO 2 emissions in the United States in 2011 fell by 92 Mt, or 1.7%, primarily due to ongoing switching from coal to natural gas in power generation and an exceptionally mild winter, which reduced the demand for space heating.

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Petrobras says it is expanding oil and gas production in the pre-salt in “economically viable” manner

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Responding to press articles saying that the collapse of the global oil price is threatening oil and gas production in the off-shore Brazil pre-salt layer, Petrobras countered that it is expanding its production capacity “in an economically viable manner.”

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VTT study concludes gasification-based pathways can deliver low-carbon fuels from biomass for about 1.90-2.65 US$/gallon

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The horizontal red lines show the comparable price of gasoline (before tax, refining margin 0.3 $/gal, exchange rate: 1 € = 1.326 $) with crude oil prices 100 $/bbl and 150 $/bbl. This Ultra-Clean Gas (UCG) process has been at the focus of VTT’s biomass gasification R&D since 2006. Source: VTT. 0.7 €/liter (app.

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