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Opinion: How Much Longer Can OPEC Hold Out?

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Iran is all set to pump close to 300 million barrels of crude into the market, thereby kickstarting another potential decline in oil prices. Containing some of the largest proven oil and gas reserves in the world, Venezuela is one of the founding members of OPEC. The current oil price levels are nowhere near this.

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Forecast: Algae-Based Biofuels Production to Reach 61M Gallons per Year by 2020

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Both regions will benefit from rapidly expanding biofuels markets, ample land and water resources, and cheap labor, Pike suggests. Countries with significant dependence on foreign imports of oil will likely show increased interest in algae-based biofuels if oil prices continue to rise over the next decade.

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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

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The advantages many companies experienced in the last two decades from “cheap labor” in developing nations are likely to be eroded by the growth and power of the global middle class. Yet the OECD projects that forest areas will decline globally by 13% from 2005 to 2030, mostly in South Asia and Africa. billion in 2005.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. But the average oil price remains high, approaching $120/barrel (in year-2010 dollars) in 2035. Oil and the Transport Sector: Reconfirming the End of Cheap Oil. Click to enlarge.

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