Green Car Congress

JUNE 17, 2015

Exxon Mobil has started production at its Kearl oil sands expansion project in Alberta, Canada ahead of schedule; the expansion is expected to double overall capacity to 220,000 barrels of bitumen a day, with the expansion itself ultimately expected to reach 110,000 barrels per day. Kearl will access approximately 4.6 Earlier post.).

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Green Car Congress

APRIL 27, 2017

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. Oil discoveries declined to 2.4

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Green Car Congress

DECEMBER 10, 2014

As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. Even as demand increases, the world will continue to become more efficient in its energy use, according to the 2015 Outlook for Energy: A View to 2040.

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Energy Global 2010 Oil-Sands 252

Green Car Congress

JANUARY 9, 2018

EST completely converts refinery residues, heavy oils and bitumen into high-quality light products, eliminating the production of both liquid and solid refinery residues (for example, pet-coke or fuel oil). The elimination of pet-coke production is part of global efforts to contain CO 2 emissions.

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Oil Convert Light Oil-Sands 150

Green Car Congress

JUNE 27, 2012

World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.

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Oil Oil-Sands Price Production 261

Green Car Congress

JANUARY 19, 2011

Over the same period, energy intensity, a key measure of energy use per unit of economic output, is set to improve globally led by rapid efficiency gains in the same non-OECD economies, under these projections. OECD oil demand peaked in 2005 and in 2030 is projected to be roughly back at its level in 1990. Coal will increase by 1.2%

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Energy Economy Global Oil-Sands 210

Green Car Congress

NOVEMBER 6, 2015

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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