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IEA: global energy efficiency progress drops to slowest rate since start of decade

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In the United States, primary demand increased for the first time since 2014. improvement in 2017 and marked the third year in a row the rate has declined. In China and India, primary intensity improved by almost 3%, a slight drop on 2017 levels. In 2018, higher oil prices helped dampen demand for road transport fuels.

Global 150
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RedRock Biofuels to supply 3M gallons/year of renewable jet fuel to FedEx through 2024

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The agreement runs through 2024, with first delivery expected in 2017. FedEx joins Southwest Airlines, which signed a purchase agreement with RedRock in November 2014 for about 3 million gallons per year, in purchasing Red Rock’s total planned available volume of jet fuel. Earlier post.).

Renewable 150
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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. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

2020 150
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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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Reflecting slow growth in travel and accelerated vehicle efficiency improvements, US light-duty vehicle (LDV, cars and light trucks) energy use will decline sharply between 2012 and 2040, according to the US Energy Information Administration’s (EIA’s) Annual Energy Outlook 2014 (AEO2014) Reference case released today. Tcf in 2012 to 2.1

Oil 290
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United Airlines invests $30M in Fulcrum BioEnergy; renewable jet fuel offtake agreement, potential joint development of production

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Fulcrum expects its first alternative fuels plant to begin commercial operation in 2017. Investing in alternative fuels is not only good for the environment, it’s a smart move for our company as biofuels have the potential to hedge against future oil price volatility and carbon regulations.

Renewable 150