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The 5 Countries That Could Push Oil Prices Up

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Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. An unexpected disruption could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. by Nick Cunningham for Oilprice.com. bank Citi said.

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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

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While the Department of Defense (DoD) is one of the world’s largest fuel users, its consumption of about 340,000 bpd is a small fraction (less than one-half of 1 percent) of global petroleum demand. Unless addressed, pipeline security issues will impede investment in Turkey, Bartis suggested. Turkey) or building new partnerships (e.g.,

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 Additional highlights of the 9 th annual Global Trends in Renewable Energy Investment 2015 report include: China saw by far the biggest renewable energy investments in 2014—a record $83.3 billion, up 39% from 2013.

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Strong Dollar Could Cap Oil Prices

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dollar poses an obstacle to further gains in oil prices. As Reuters points out , in dollar terms the price of Brent oil has climbed 9 percent this year, but in yuan terms oil is now nearly 14 percent more expensive. The problem for many emerging markets is that oil prices have been going up at the same time.