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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

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Vehicle penetration 2000 to 2040. This slower growth is attributed to the relatively higher cost of the vehicles, driven by the cost of batteries. China will see the largest increase—more than 4 million oil-equivalent barrels per day. In 2010, about 75% of the world’s vehicles were in OECD countries. Natural gas.

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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% 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. Oil production reached 10.7

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Sasol to Study Viability of $10B Coal-to-Liquids Project in Indonesia

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Sasol and the Indonesian government have signed a preliminary agreement to study the viability of developing a coal-to-liquids facility project in Indonesia, with estimated project cost of more than $10 billion. This is in line with Indonesia’s energy policy, which aims to diversify from oil to coal.”.

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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

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A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. for oil, 24% for coal, and 20% for natural gas. —Christopher Knittel.

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Tech: Are EVs More Expensive to Repair?

Clean Fleet Report

Plus, it should have lower insurance costs and give you the best extended car warranty deal. When hybrid cars first entered the modern automotive landscape in 2000, they were more expensive than their gas counterparts. So, you had to pay a high initial cost and add high maintenance costs, which made many people shy away from them.

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Study concludes abundant shale gas is neither climate hero nor villain; need for targeted GHG reduction policy

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They also found that abundant natural gas can, however, help reduce the costs of achieving GHG reduction goals. Advances in technologies for extracting oil and gas from shale formations have dramatically increased production in the United States. With this abundance of natural gas comes a variety of questions.

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Researchers demonstrate sustainable integrated process for wastewater algae to biocrude via hydrothermal liquefaction

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Traditional conversion technologies of algal biomass to biofuels have mainly included lipid extraction or pyrolysis for biodiesel, hydrotreated renewable diesel, or bio-oil production. However, for high water content biomass, such as algae, the energy costs of dewatering may offset the energy demand of liquefaction processes.