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EIA expects continued high prices for diesel and home heating oils

Green Car Congress

The US Energy Information Administration (EIA) expects that low inventories of distillate fuels, which are primarily consumed as diesel fuel and heating oil, will lead to high prices through early 2023. We expect notable decreases in electricity generation from natural gas and coal next year. EIA forecasts Russia will produce 9.3

Oil 334
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The War in Ukraine Disrupts Trade in Both Food and Fuel

Cars That Think

The Russian invasion of Ukraine has brought a stream of reports about the country’s energy exports. The EU bought about 85 percent of the natural gas that Russia shipped out (via pipelines from Western Siberia) and nearly 55 percent of the crude oil and refined oil products that Russia exported (via pipelines and tankers).

Ukraine 80
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Rhodium Group estimates US GHG emissions rose 1.3% in 2022

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Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Consequently, the US economy grew 1.9% in 2022, down from a 5.7% GDP increase in 2021.

Emissions 273
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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. CO 2 emissions from coal use are expected to grow 1.0% [0.2% While the data indicates that coal use has plateaued in the last 10 years, there remains considerable uncertainty on when it will start to decline. for oil, 1.1%

Global 221
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War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

He took the first step in Crimea in 2014 , and in the early morning hours of 24 February he ordered a large-scale invasion of Ukraine. Russia is the world’s second largest producer of crude oil, behind the United States and ahead of Saudi Arabia, and its second largest exporter, behind Saudi Arabia.

Ukraine 126
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Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

Green Car Congress

Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. The US dollar then went through a massive devaluation, and oil played a crucial role in propping it back up.

Russia 225
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Green Hydrogen Cars: How They are Different?

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Furthermore, unlike coal and oil, it is a clean energy source that produces only water vapor and leaves no residue in the air. Furthermore, if production prices fall by 50% by 2030, as forecasted by the World Hydrogen Council, we will surely be dealing with one of the future fuels.