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US and Japan successfully complete Arctic field trial of gas hydrate production technology using CO2-methane exchange within structure

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The US Department of Energy (DOE) partnered with ConocoPhillips and the Japan Oil, Gas and Metals National Corporation (JOGMEC) on the test, which was the first field trial of a methane hydrate production methodology whereby CO 2 was exchanged in situ with the methane molecules within a methane hydrate structure.

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EIA: natural gas use for power falls as industrial use continues to rise; higher prices, cooler summer

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Gas is still being consumed at rates generally above the 2007-2011 range. Electric power plants are dispatched based on their variable cost of operation, which is determined by both the price of the power plant’s fuel and the efficiency of the plant. For the same months in 2013, the average Henry Hub price was $3.68/MMBtu,

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Targeted Growth Increases Algae Oil Content by 400%; Partnering with UOP on Algal Biojet

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Bioscience firm Targeted Growth (TGI) says it has developed a method to increase the lipid content of algae by approximately 400%, thereby increasing oil yield per acre and decreasing the cost of algae production. In 2007, the company introduced a non-transgenic version of camelina sativa , an oilseed crop that grows in rotation with wheat.

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A.T. Kearney study projects US auto sales volumes will trend back to historical levels by 2013; forecasts 13.2 million new units sold in 2011 and 16 million in 2013

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Since 2007, total new and used pent-up demand has accumulated to 32 million units, of which more than nine million will materialize in the new vehicle market over the next five to seven years. The forecast’s wild card is Japan, where in the aftermath of the earthquake and tsunami, parts shortages will impact 2011 US.

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New Zealand Will Not Implement Fuel Economy Standard

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Joyce says the scheme would have added significant extra costs to vehicle importers and that these would ultimately have been passed on to motorists. It is estimated that the scheme could have resulted in costs of up to $1,500 when purchasing a larger car. Transport fuels will of course be included in the Emissions Trading Scheme.

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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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More than 85% of the crude oil exports flowing through the Strait went to Asian markets, with Japan, India, South Korea, and China representing the largest destinations, EIA said. Use of the alternate routes would increase the cost of transportation. million bbl/d flow in 2009, down slightly from its peak of 14 million bbl/d in 2007.

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CleanFUEL USA partners with Freightliner on new 8.0L propane LPI medium-duty engine

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PERC identifies more than 13 million vehicles worldwide in 2007 as propane-fueled.) PERC estimates that operating costs of a propane fleet typically range from 5 to 30% less than a gasoline-powered fleet, when capital costs (vehicle and infrastructure) and operation and maintenance costs are all taken into consideration.

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