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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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quadrillion Btu in 2012 to 12.1 As a result, annual increases in vehicle miles traveled (VMT) in LDVs average 0.9% from 2012 to 2040, compared to 1.2% l/100 km) in 2012 to 37.2 l/100 km) in 2012 to 37.2 LDV energy consumption declines in AEO2014 Reference case from 16.0 quadrillion Btu in 2040, compared with 13.0

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State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

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The US Department of State (DOS) has released its Draft Supplemental Environmental Impact Statement (SEIS) in response to TransCanada’s May 2012 application for the Keystone XL pipeline that would run from Canada’s oils sands in Alberta to Nebraska. TransCanada submitted a new application for the Keystone XL Project on 4 May 2012.

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EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

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Despite the projected increase in LDV miles traveled, energy consumption for LDVs further decreases after 2025, to 13.0 Biofuels grow at a slower rate due to lower crude oil prices and. After 2015, the Brent price increases, reaching $163 per barrel in 2040, as growing demand leads to the development of more costly resources.

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US National Research Council Report Finds Plug-in Hybrid Costs Likely to Remain High; Fleet Fuel Consumption and Carbon Emissions Benefits Will Be Modest for Decades

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The report considers two PHEV configurations: 10-mile all electric range (PHEV-10) and 40-mile all-electric range (PHEV-40). It has a 40-mile electric range, a larger electric motor, and a much larger battery than the PHEV-10. Most of the electricity used to power these cars will be supplied from the nation’s power grid.

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EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

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Shale gas offsets declines in other US supply to meet. The Annual Energy Outlook 2011 (AEO2011) Reference case released yesterday by the US Energy Information Administration (EIA) more than doubles the technically recoverable US shale gas resources assumed in AEO2010 and added new shale oil resources. Source: EIA. Click to enlarge.

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State Department releases Keystone XL Final Supplemental Environmental Impact Statement

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The earlier 2011 Final EIS was developed contemporaneously with the start of strong growth in domestic light crude oil supply from tight oil formations, such as those formations found in North Dakota’s Bakken region. Domestic production of crude oil has increased significantly, from approximately 5.5

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