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Study finds air pollution and GHG costs of crude-by-rail nearly 2x pipeline costs; much larger than spill and accidents costs

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Researchers from Carnegie Mellon University and the University of Pittsburgh have found that the air pollution and greenhouse gas costs of shipping crude by rail are nearly twice as large as those for oil pipelines. Movements of petroleum products, particularly crude oil, have received enormous media attention. Clay et al.

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The Next Oil Price Spike May Cripple The Industry

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Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources. We will explain.

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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. by Nick Cunningham of Oilprice.com.

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IHS Markit: US oil production growth heading for a major slowdown, as capital discipline and weak prices play out

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US shale production—the chief source of rapid growth that made the United States the world’s largest oil producer—is slowing down fast, says a new report by IHS Markit. Investors are imposing capital discipline on E&P’s by pushing down equity prices and pushing up the cost of capital on debt markets. —Raoul LeBlanc.

Oil 170
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DISCOVR project seeking high productivity algae to reduce cost of biofuels

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Researchers at Pacific Northwest National Laboratory, with colleagues from Los Alamos, Sandia and NREL, are working to lower the cost of producing biofuels from algae. Determining strains of algae that are highly productive could help lower the cost of biofuel production. DISCOVR Project BETO peer review (March 2017).

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Alberta Innovates & NRCan awarding $26.2M to three oil sands clean tech projects; industry kicking in $43.3M

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Alberta Innovates has teamed up with Natural Resources (NRCan) and industry partners to take three clean oil sands technologies to commercial demonstration. This announcement is a result of NRCan’s Oil and Gas Clean Tech Program. Cenovus Energy will test an oil sands extraction technology using a solvent-driven process.

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Renewable plastic precursor could reduce cost of cellulosic ethanol by >$2/gallon

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Comparison of costs and MSPs for the DHH pathway with the direct hydrogenolysis pathway. Plant biomass is typically about 40% oxygen by weight, while petroleum oil is less than 0.1% Source: Click to enlarge. Brentzel, Kevin J. Barnett, Dr. Kefeng Huang, Prof. Christos T. Maravelias, Prof. Dumesic and Prof. 201700178.

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