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Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

Green Car Congress

World ethanol and biodiesel production, 1975-2010. Global production of biofuels increased 17% in 2010 to reach an all-time high of 105 billion liters (28 billion gallons US), up from 90 billion liters (24 billion gallons US) in 2009. Source: Worldwatch Institute. Click to enlarge.

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EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

Green Car Congress

Liquid fuels production (OPEC crude and lease condensate, non-OPEC crude and lease condensate, and other) and consumption (by OECD and non-OECD regions) under three price cases in 2040. Dashed red line shows 2010 consumption of 87 MMbbl/d. OPEC oil producers are the largest source of additional liquid fuel supply between 2010 and 2040.

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Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

Green Car Congress

The underlying assumption is that the world will immediately use whatever oil can be pumped from the ground, and that supply is independent of demand—that is, oil exploration investments bear no relation to the current oil price or expectations of future demand. 2010, to above 140 $/bbl in constant 2010 dollars).

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Opinion: Busting The “Canadian Bakken” Myth

Green Car Congress

“NEB and GNWT study finds 200 billion barrels of oil in the Sahtu,” gushed CBC News , referring to a region of the sprawling territory that cuts across three provinces and touches the Arctic Ocean. The project was approved by the NEB in 2010. China, and Argentina, combined. But with U.S. WTI crude closed at $59.13

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Are biofuels the answer for green cars? The Green Piece

Green Cars News

It predicts 35 per cent growth in the US; 30 per cent growth in Brazil; and substantial increases in areas including the Asia-Pacific region, France, Germany and Argentina. They offer the prospect of increased market competition and oil price moderation and can help reduce the dependency on fossil fuels.