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US Shale Is Immune To An Oil Price Crash In 2017

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shale in particular—is effectively capping the oil price gains from that agreement. Four months after the OPEC/NOPEC deal took effect, oil prices dropped to the levels preceding the agreement, amid concerns over still stubbornly high inventories and rising U.S.

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Eni report: global oil reserves and oil production up in 2018 due to US

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In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. Source: Eni World Oil Review 2019. 2018 recorded an overall growth in oil production of 2.5 Asia Pacific’s oil dependence continues to grow, ranking first in terms of deficit. recorded in 2013-2017.

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Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

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This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. According to the IEA, supply could lag demand in a few years, which could lead to a surge in oil prices. “

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IHS Markit: US poised to be world’s largest LNG exporter in 2022 as China becomes top LNG importer

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More than 65 million metric tons per annum (MMtpa) of firm, long-term contracts were signed in 2021, surpassing the previous record of 61 MMtpa in 2013. However, by August both Asian and European spot LNG prices climbed well above their oil price equivalent and remained above it for the rest of the year.

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IIASA: removing fossil fuel subsidies will not reduce CO2 emissions as much as hoped

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However, the study found that the growth of CO 2 emissions by 2030 would only be 1-5% lower than if subsidies had been maintained, regardless of whether oil prices are low or high. This is facilitated by today’s low oil prices. This equates to 0.5-2

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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

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New Small Family ( earlier post ) in 2013. Within a decade, he added, Volkswagen wants to offer significant numbers of pure electric cars at affordable prices and with the range expected by customers. The perspective of rising oil prices is a turboboost for a change in customer behavior, he said.

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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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This resulted in the significantly lower level of VMT growth after 2018 compared with AEO2013. Electric power generation from renewables is bolstered by legislation enacted at the beginning of 2013 extending tax credits for generation from wind and other renewable technologies. Tcf in 2012 to 2.1

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