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Oil Majors’ Costs Have Risen 66% Since 2011

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The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. per barrel.

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Pike Research forecasts global biofuels market to double by 2012 to $185.3B

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billion in 2011 to $185.3 BGPY in 2011) would represent just 7% of the estimated global transportation fuels market in 2021. Key trends identified in the report include: Oil prices are expected to climb over the next decade, driving increased interest in. billion by 2021. However, despite strong. BGPY of biofuels demand.

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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

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If You’re a Free Range Oil Producer. Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. Of this, the Saudi government will finance $239 billion, while private investors will finance $79 billion, as well as investments in refining (which it does not specify).

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Pike Research forecasts global biofuels market value to double to $185B by 2021

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billion in 2011 to $185.3 compound annual growth rate (CAGR) between 2011 and 2021. between 2017 and 2021, as a combination of higher oil prices, emerging mandate. between 2017 and 2021, as a combination of higher oil prices, emerging mandate. billion by 2021. A more robust growth is expected.

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Study finds government and vehicle manufacturers need to introduce long-term incentives and prices cuts to create sustainable market for ultra-low emission vans

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Total costs of ownership were calculated for the full range of powertrains and van sizes in 2011, 2020 and 2030, taking account of depreciation and financing costs, fuel costs, servicing and insurance. A 45 kWh battery pack will decrease in cost from ÂŁ30,000 (US$47,000) in 2011 to ÂŁ16,000 (US$25,000) in 2020, a reduction of 47%.

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Report finds Coal-to-Liquids and Oil Shale pose significant financial and environmental risks to investors

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The Obama Administration’s recent extension of the offshore oil-drilling moratorium through 2011 has also renewed investor interest in on-shore oil reserves. More than 25 companies are involved in oil shale development. Market Risks : The economic competitiveness of oil shale and CTL is contingent on high oil prices.

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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billion set in 2011. The 103GW of capacity added by new renewable energy sources last year compares to 86GW in 2013, 89GW in 2012 and 81GW in 2011 and made 2014 the best year ever for newly installed capacity. billion, up 7% on the year but well below its all-time high reached in 2011. billion, up 39% from 2013.

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