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EIA: US crude oil exports reached record levels in 2020 and remain high in 2021

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Despite volatility in global oil markets, US crude oil exports reached a record high in 2020, according to the US Energy Information Administration (EIA). In the summer of 2015, the United States and Mexico entered into an oil exchange agreement, and the restrictions on oil exports were fully lifted in December 2015.

Oil 418
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IEA: global electricity demand growing faster than renewables, driving strong increase in generation from coal

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Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year, resulting in a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year, according to a new report from the International Energy Agency.

Coal 221
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Texas: From Shale Boom to Water Revolution

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Texas is famous the world over for two things on a massive scale: oil and droughts. Not only does Texas have the Permian Basin and the Eagle Ford shale, but it also has the Gulf of Mexico and its massive oil deposits and endless gallons of seawater that are now economically treatable thanks to next generation water processing technology.

Water 150
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Zinnov: automotive witnessing highest disruption among all industries; ~$6B invested in start-ups in FY 2015

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Management consulting firm Zinnov released its latest study conducted on the Automotive R&D Globalization Landscape, presenting a global engineering R&D analysis on the top 60 automotive companies and how are they leveraging the global R&D ecosystems to improve engineering output and efficiency.

2015 150
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Tesla rumored to be purchasing wireless charging company Wiferion

Teslarati

.” The company has worked to provide over 100 companies with wireless charging solutions since 2015, when it initially started developing products. A report from Gründerszene/Business Insider states that Wiferion is set to offload its business to Tesla International BV, a filing in the German Commercial Register indicates.

Purchase 128
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IEA: Global oil discoveries and new projects fell to historic lows in 2016 while US shale surged; “two-speed” market

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Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. With global demand expected to grow by 1.2

Oil 150
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USA Rare Earth acquires US rare earth permanent magnet manufacturing capability from Hitachi; mine-to-magnet

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USA Rare Earth, LLC, the funding and development partner of the Round Top Heavy Rare Earth and Critical Minerals Project in West Texas, has purchased the neodymium iron boron (NdFeB) permanent magnet manufacturing equipment formerly owned and operated in North Carolina by Hitachi Metals America, Ltd. billion in 2027.

USA 207