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EIA: International demand will drive US production of petroleum and other liquids through 2050

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Strong continuing international demand for petroleum and other liquids will sustain US production above 2022 levels through 2050, according to most of the cases in the US Energy Information Administration’s (EIA’s) Annual Energy Outlook 2023 (AEO2023). These cases include: The Reference case, which serves as a baseline, or benchmark, case.

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The Next Oil Price Spike May Cripple The Industry

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Two diametrically opposed views dominate the current debate about where the oil price is heading. The first is that at present EVs do not yet outperform ICEVs comprehensively. Of course, a number of things could happen that would prevent such an oil supply crunch, and thus an oil price spike. Since (non-U.S.

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Survey finds LNG-fueled ship orders up 26% in six months

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On 6-7 June, Zeus will host an LNG-Fueled Marine Advancements meeting to present the survey, review trends and tour a new LNG-turbine propulsion system by GE. High oil prices, impending emissions regulations and technical advancements are propelling the market faster than we expected. What surprised us is the rate.

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Study finds that dry-feed gasification for coal-to-liquids is more efficient, lower-emitting and cheaper than slurry-feed; CCS cost-effective for reduction of CO2

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Even with CCS, the liquid product costs are comparable to recent crude oil prices. For a liquids-only configuration, CCS is a cheaper option when the CO 2 price exceeds $12/tonne. Plant-level CO 2 emissions can be greatly reduced by using the CCS technology, the study found, without much increase in capital cost.

Coal 231
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MITEI releases report on Electrification of the Transportation System

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The resulting report reflects the major points of discussion, and presents a range of possible next steps for the consideration of policy makers and other interested individuals and entities. Electrification will also reduce oil dependence, providing foreign policy benefits and the potential to reduce real oil prices and oil price volatility.

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Amyris renewable jet fuel receives regulatory approval in Brazil for blends up to 10%

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A recent study by Brazilian researchers evaluating the lifecycle GHG emissions of the farnesane-based renewable fuel concluded that it presents “a substantial potential” to mitigate the GHG emissions of the aviation sector. That paper is published in the ACS journal Environmental Science & Technology. Earlier post.).

Brazil 199
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The $32-Trillion Push To Disrupt The Entire Oil Industry

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Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. The latter is partly caused by “global warming constraints” and lower oil prices in general.

Oil 231