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Platts Report: China oil demand rises 2.9% in October from year ago, YTD up 2%

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China’s apparent oil demand in October rose 2.9% Despite the year-over-year increase, China’s apparent oil demand in October slipped 2.5% Meanwhile, total apparent oil demand was 9.96 China’s oil product imports tumbled 22.2% million mt—the highest growth rate since September 2012. year over year to 42.65

Oil 268
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Pike Research forecasts global biofuels market to double by 2012 to $185.3B

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Although many feedstocks, technologies, and conversion pathways are currently sharing the same tent, the current decade is shaping up to be one of shakeouts, as early bets on cellulosic technologies reach commercial production and significant investments from oil majors and multinationals. continue to pour into the industry.

Global 253
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Pike Research forecasts surge in investment and growth in advanced biorefineries through 2022

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Cumulative capital investment in biorefinery infrastructure by generation, world markets, 2012–2022. Pike Research forecasts that biorefineries globally will attract $170 billion in new capital investment between 2012 and 2022, reaching 81 billion gallons per year (BGY) of installed capacity. Source: Pike Research. Click to enlarge.

Brazil 236
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Canada Awards C$72.8M Subsidy to Husky Energy for Ethanol Plant

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Proposed regulations will require 5% renewable fuel content based on the national gasoline pool by 2010 and 2% renewable content in diesel and heating oil by 2011 or earlier, subject to technical feasibility. To meet these requirements, it is expected that Canada will need close to three billion liters of renewable fuels by 2012.

Canada 170
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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

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DB has lowered its advanced lithium-ion battery cost projection by about 30% for 2012. ” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region.

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RFF papers explore differing outcomes of higher gasoline taxes on public transit and rural areas

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Source: Spiller and Stephens (2012) Click to enlarge. Economists view higher gasoline taxes as one solution to reducing gasoline consumption and thus air pollution, greenhouse gas emissions, and reliance on oil, while at the same time providing revenue to the government for highway repair and construction. Reinvestment Act.

Gasoline 257
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Dr. Paul addressed a positive change—the days of increasing US oil consumption may be over. “ We reached peak oil consumption in the US in 2008 and the same is true in the EU and Japan. ” M barrels/day of oil within the next 10 years ”. Dr. Paul still sees significant growth in the developing world. Billion vs. $28.3

Financing 150