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Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Green Car Congress

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil. oil may not be able to fill.

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ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

Green Car Congress

Demand for electricity will make natural gas the fastest growing major energy source and oil and natural gas are expected to meet 60% of energy needs over the next three decades. A total of 21 major oil and gas projects will begin production between 2012 and 2014. billion oil equivalent barrels.

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Smith School lifecycle study highlights importance for algae-derived biodiesel of co-product utilization and optimizing and decarbonizing every step of the supply chain

Green Car Congress

In a paper published in the RSC journal Energy & Environmental Science , the team said these steps include smart co-product utilization; decarbonization of the electricity and heat grids as well as indirect energy requirements for fertilizer; transport; and building material. tons/ha/year). for conventional diesel from the United States.

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

Green Car Congress

This geographically diverse group comprises Brazil and Mexico in the Americas; South Africa and Nigeria in Africa; Egypt and Turkey in North Africa/Mediterranean; Saudi Arabia and Iran in the Middle East; as well as Thailand and Indonesia in Asia. Forecasts Fuel Efficiency Fuels Market Background Oil' —Outlook.

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PHEV's and Water Consumption

Plug In Partners

The same commute in a plug-in hybrid electric vehicle (PHEV), meanwhile, would take a whopping 318 gallons. All told, electric miles necessitate threefold the water consumption and 17 times the water withdrawal of gasoline miles. That is 879 million gallons of crude oil per year. million gallons per day. That works out to be 0.52

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The right way to get oil-rich West Asia to pressure electrical vehicles? Chinese language EV makers contemplate

Baua Electric

Around the six Gulf states, together with oil majors Saudi Arabia and the United Arab Emirates, electrical vehicles account for simply 0.4% Chinese brands made up 16% of the 616,500 new vehicles sold in Saudi Arabia last year. File photo: Branding on an Xpeng P7 electric vehicle (EV).

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Surprising, Unsettling, Surreal: Roaming Through Saudi Arabia

Baua Electric

All across Saudi Arabia, I’d seen countless projects being built, from simple museums to high-end resorts. These were the early fruits of an $800 billion investment in the travel sector, itself part of a much larger effort, Vision 2030 , to remake the kingdom and reduce its economic dependence on oil. Regis Red Sea Resort.