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Fossil Fuel Production Up in 2008 Despite Recession

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World production of fossil fuels—oil, coal, and natural gas—increased 2.9% in 2008 to reach 27.4 million tons of oil equivalent (Mtoe) per day, according to a Worldwatch Institute analysis. Energy prices reflected this shift: oil peaked at $144 per barrel in July, then fell to $34 per barrel in December. Mbpd in 2005.

2008 150
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EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

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However, even with increases in 2010 and 2011, projected CO 2 emissions in 2011 are lower than annual emissions from 1999 through 2008. EIA projects that world oil consumption will grow by 1.5 Most of the growth in oil consumption is expected in the Asia-Pacific and Middle East regions. US crude oil production averaged 5.32

2008 186
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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil remains the world’s leading fuel, but its 33.1% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% The fossil fuel mix continues to change with oil, the world’s leading fuel at 33.1%

Coal 261
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US exports of petroleum products up more than 60% since 2007 as markets become more globally integrated

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This trend is driven primarily by finished motor gasoline and distillate fuel oil which are increasingly exported to Latin America. From 2000 through 2009, motor gasoline exports were generally 1%–2% of motor gasoline product supplied (a proxy for demand). Annual U.S. Source: EIA. Click to enlarge.

2007 273
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Shell updates energy scenarios; world entering an era of volatile transitions

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Shell has published an update to its 2008 Shell Energy Scenarios to 2050. The recession interrupted the oil and commodity price boom but it may return. Demand pressures will stimulate alternative supply and more efficiency in energy use, but these alone may not be enough to offset growing demand tensions completely.

Energy 256
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Mascoma Announces Feedstock Processing and Lignin Supply Agreement with Chevron Technology Ventures; Chevron Working on Converting Lignin to Hydrocarbon Fuel Components

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Mascoma Corporation has entered into a feedstock processing and lignin supply agreement with Chevron Technology Ventures (CTV), a division of Chevron USA, Inc. Also in February 2008, Chevron filed applications for two patents on refinery-based processes for converting lignin to hydrocarbon fuel components. Chevron and lignin for fuels.

Chevron 249
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Ford Becomes First Automaker to Join the Water Disclosure Project

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The Water Disclosure Project will serve as a central clearinghouse for Ford and other participating companies to report on water usage, water risks and water management plans of company operations and their supply chains. From 2000 to 2008, Ford cut its global water use by 56%, or 9.5 billion gallons.

Water 322