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

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If China’s use of petroleum continues to grow as projected, it is expected to replace the United States as the world’s largest net oil importer this fall. Petroleum use in North America, which is dominated by consumption in the United States, has declined since 2005. North America.

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Purdue study projects that under likely adoption rates, use of biojet fuel alone will not meet aviation emissions reduction targets for 2050; the need to go above 50% blends

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Uncertainty range of the aviation GHG emissions under the High Oil price scenario (the most optimistic for biojet adoption), given in a box plot depicting the minimum, quartile, and maximum values. With biojet options, under the high oil price scenario (the most optimistic for biojet adoption), the median (i.e.,

Emissions 225
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EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

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AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. The United States has been a net importer of energy since the 1950s.

2020 150
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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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Similar to how ethanol is currently blended into motor gasoline in the United States, methanol is blended into gasoline in China. Smaller amounts of China’s methanol supply are imported from the Middle East, Southeast Asia, South America, and the United States. Most of China’s methanol supply is from domestic production.

2000 150
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BP approves revamped $9B Mad Dog Phase 2 project in the deepwater Gulf of Mexico; down from original $20B cost

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BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Today, the leaner $9-billion project, which also includes capacity for water injection, is projected to be profitable at or below current oil prices.

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Worldwatch Institute report finds global energy intensity increased in 2010 for second year in a row

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In addition to technological advances, price developments play a key role in determining overall energy usage, Worldwatch notes. World crude oil prices more than tripled between 2004 and 2008—the fastest rise since the oil crisis of the late 1970s—contributing to the sharp decline in energy intensity during that period.

2010 246
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IEA: Global CO2 emissions up by 1.0 Gt (3.2%) in 2011 to record high

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However, China’s carbon intensity—the amount of CO 2 emitted per unit of GDP—fell by 15% between 2005 and 2011. India’s emissions rose by 140 Mt, or 8.7%, moving it ahead of Russia to become the fourth largest emitter behind China, the United States, and the European Union. Gt, the IEA said.

2011 230