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MIT/UC Davis professors challenge claims that ethanol production decreased gasoline prices in 2010 and 2011

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Knittel/Smith results for implied gasoline price effects from elimination of ethanol for 2010 using Du/Hayes model and pooled-sample estimates. in 2010 and 2011, respectively. in 2010 and 2011, respectively. t margin for oil refiners. Results from Du/Hayes are indicated by the large square. Click to enlarge.

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Lux Research: cost of electrofuels remains far from viable

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Production costs per barrel of oil equivalent. The cost of electrofuels—fuels produced by catalyst-based systems for light capture, water electrolysis, and catalytic conversion of carbon dioxide and hydrogen to liquid fuels—remains far away from viable, according to a new analysis by Lux Research. Click to enlarge.

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Study concludes permanent loss of peatlands in open-pit oil sands mining adds significantly to carbon burden of oil sands production

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Researchers at the University of Alberta (Canada) have quantified the transformation of the boreal landscape by open-pit oil sands mining in Alberta, Canada to evaluate its effect on carbon storage and sequestration. t of CO 2 lost, as much as 7-y worth of mining and upgrading emissions at 2010 production levels. —Rooney et al.

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

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World ethanol and biodiesel production, 1975-2010. Global production of biofuels increased 17% in 2010 to reach an all-time high of 105 billion liters (28 billion gallons US), up from 90 billion liters (24 billion gallons US) in 2009. Source: Worldwatch Institute. Click to enlarge. billion liters abroad, a 300% increase over 2009.

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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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million bbl/d in 2009-2010. Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. million bbl/d was crude oil.

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Deloitte and Douglas-Westwood Study Forecasts Decomissioning Costs of UK North Sea Oil and Gas Platforms Could Exceed $30B

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New research released by Deloitte and Douglas-Westwood finds that the total cost of decommissioning the more than 260 offshore oil and gas platforms—including the associated wells, manifolds, pipelines and umbilicals—on the UK Continental Shelf (UKCS) could be in excess of $30 billion over the next 30 years.

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Platts: China oil demand rebounds to 9.05 million b/d in July

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China’s apparent oil demand in July increased to 38.29 million barrels per day (b/d), as oil consumption appeared to have recovered after seasonal refinery maintenance, according to an analysis of recent Chinese government statistics by Platts. million mt of crude oil, or an average of 8.86 million b/d and 6.2% million mt.

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