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Nikkei: popularity of fuel-efficient vehicles lowering demand for gasoline in Japan

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The Nikkei reports that the nationwide average price in Japan for regular gasoline was ¥139.8 Prices at the pump are falling in Japan not only due to lower crude oil prices, but also because the widespread popularity of fuel-efficient vehicles has lowered demand for gasoline.A per liter ($6.65

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Global CO2 emissions up 3% in 2011; per capita CO2 emissions in China reach EU levels

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At 3%, the 2011 increase in global CO 2 emissions is above the past decade’s average annual increase of 2.7%. savings stimulated by high oil prices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. Japan (4%). the United States (16%). India (6%).

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IHS Markit: US poised to be world’s largest LNG exporter in 2022 as China becomes top LNG importer

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MMt or 18%), overtaking Japan where imports were flat year-over-year at 75 MMt. This marks the first time since the early 1970s that Japan has not been the world’s largest LNG importer. A new map of LNG is taking shape as 2021 became the year of rapid recovery, making the oversupply and price lows of 2020 seem like a distant memory.

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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in 2011, close to the historical average. Oil remains the world’s leading fuel, but its 33.1% in 2011, broadly in line with the historical average but well below the 5.1% in 2011, broadly in line with the historical average but well below the 5.1% Prices increased in all regions. Coal’s market share of 30.3%

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

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” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. An explosion of hybrid sales in Japan. Click to enlarge.

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EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

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With prices expected to increase in the long term, however, the world oil price in real 2011 dollars reaches $106 per barrel in 2020 and $163 per barrel in 2040, according to IEO2013. Electricity generation from nuclear power worldwide increases from 2.6 trillion kilowatthours in 2010 to 5.5

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IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

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by subsidies that amounted to $523 billion in 2011, up almost 30% on 2010 and six times more than subsidies to renewables. The cost of fossil-fuel subsidies has been driven up by higher oil prices; they remain most prevalent in the Middle East and North Africa, where momentum towards their reform appears to have been lost.

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