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Opinion: This Is What Needs To Happen For Oil Prices To Stabilize

Green Car Congress

Taxes don't go away and then there's debt. And markets won’t wait to adjust pricing until we hit a balance. There will be some foreshadowing in oil prices here. Each of the 3 stages needed to move to a sustainable price have to be given time to play out. Article Source: [link]. Health insurance is going up.

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Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

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High oil prices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.

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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.” On Tuesday, 6 January, the price for WTI crude closed at $47.93/bbl,

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Perspective: Government Leadership Needed for Electric Vehicles to Succeed

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The opinions expressed in this article do not necessarily reflect those of these organizations.]. That’s where government comes in.only the government can help influence [change] by having a price for carbon and technical incentives. ”. The fear that a carbon tax is unworkable must be overcome.

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Opinion: Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry

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Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.

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The New Oil Cartel Threatening OPEC

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The reason they are likely to join in is that unlike in previous oil price cycles, now there are alternatives to fossil fuels. Electrification is where OPEC may have to face off with a future oil buyers’ cartel. Another survey identified price and range as additional roadblocks towards the mass adoption of EVs in India.

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Why Is The Shale Industry Still Not Profitable?

Green Car Congress

However, a broader measure of the “cash required per barrel,” which includes other costs such as depreciation, interest expense, tax expense, and spending on drilling and exploration, reveals a more damning picture. Part of the reason for that is rising oil prices, as well as a flattening of the futures curve.

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