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3 Oil Majors That Bet Big On Renewables

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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com.

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The $32-Trillion Push To Disrupt The Entire Oil Industry

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Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. by Cyril Widdershoven for Oilprice.com.

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Opinion: There Is No Such Thing As Peak Oil Demand

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Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. High prices persisted long enough for the industry in the U.S. The experience of projected versus actual peak oil demand in the U.S.

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Pitt engineers using membrane distillation to recycle water used in fracking and drilling

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Engineers at the University of Pittsburgh Swanson School of Engineering are using membrane distillation technology to enable drillers to filter and reuse the produced water in the oil and gas industry, in agriculture, and other beneficial uses. The team is back in the lab to find a fix. Shamlou, Elmira & Vidic, Radisav & Khanna, Vikas.

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Goodyear unveils 90% sustainable-material demonstration tire, approved for road use

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Goodyear’s 90% sustainable-material demonstration tire features four different types of carbon black that are produced from methane, carbon dioxide, plant-based oil and end-of-life tire pyrolysis oil feedstocks. The use of soybean oil in this demonstration tire helps keep the tire’s rubber compound pliable in changing temperatures.

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Cohort of new stakeholders joins Open Hydrogen Initiative

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Hydrogen demand is currently concentrated in oil refining and ammonia production, but nearly 90% of projected demand growth through 2050 comes from new sectors like heavy-duty transportation, steel production, and long-term energy storage. —Paula Gant, Ph.D., President and CEO of GTI Energy.

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EIA: Energy prices rose more than other commodities in 2021; up 59% over the year

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By comparison, most other commodity indexes included in the GSCI increased by about 20%. The energy index of the GSCI increased more than twice as much as the industrial metals index on a percentage basis during 2021, the next highest commodity index group price change. The precious metals index was the only one to decline.

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