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Opinion: Global Oil Supply More Fragile Than You Think

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Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. Now a prevailing sense that oil prices may stay lower for longer has hit the markets. In other words, oil traders are now feeling much gloomier about oil prices several years out than they were at the beginning of 2015.

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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

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Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. A sharp rise in oil prices would spur new investment and new drilling.

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US average retail gasoline prices ended 2017 lower than they started

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However, a rapid price decline beginning in October led to US average regular gasoline prices ending the year lower than they began for the first time since 2015, according to the US Energy Information Administration (EIA). In 5 of the 10 cities for which EIA collects weekly retail price data, gasoline prices exceeded $3.00/gal

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WSU team generates significant amounts of gasoline-range hydrocarbons from microwave-assisted pyrolysis of polyethylene

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Researchers at Washington State University report microwave-induced pyrolysis of low-density polyethylene (a model of waste plastics) using ZSM-5 as a catalyst to generate significant amounts (74.73–88.49%) The optimized condition for maximizing the yield of upgraded oil (32.58 88.49%) of gasoline-range hydrocarbons. 2014.12.013.

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SUPERVALU unveils new natural gas powered truck fleet and fill station

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distribution center and currently serves approximately 500 grocery stores in Virginia, Maryland, Delaware, West Virginia, Washington, D.C. The conversion to natural gas will reduce the fleet’s annual oil consumption by more than 1 million gallons and result in 1,300 fewer tons of greenhouse gas emissions. and Baltimore.

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ICCT: available low-carbon fuels can reduce CI of on-road transportation fuels in Pacific Coast region by 14%–21% by 2030

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Fuel carbon intensity reduction from 2015-2030 from fuel deployment scenarios for the Pacific Coast region. Fuel carbon intensity reductions by 2030 from eight alternative fuel deployment scenarios for the Pacific Coast region (British Columbia, California, Oregon, Washington). Source: ICCT. Click to enlarge. Source: ICCT.

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New integrated catalytic pathway for jet-range alkanes and aromatics from biomass

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Researchers at Washington State University have developed a novel pathway to produce jet fuel range paraffins (alkanes) and aromatics by catalytic microwave-induced pyrolysis of intact biomass (Douglas fir) integrated with the catalytic hydrotreating upgrading process. A paper on their work is published in the journal Fuel. 2015.08.006.

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