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Opinion: Expect A Wave Of Consolidation In The Oil Industry

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The point is, with volumes languishing (and probably poised to decline) tied to a flat oil futures price curve and with economics marginal at $60 per barrel, many E&P operators find themselves running through hedges in 2015 and still in need to finance their already reduced capital spending.

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. and China markets, while the Russian Finance Ministry recently backed away from a tax proposal which Russian crude producers said would reduce their output. by Dalan McEndree for Oilprice.com.

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Rosneft and Eni partner to explore fields in the Barents and Black Seas

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The agreement stipulates that Eni will finance comprehensive geological exploration work to confirm the commercial value of the fields. billion barrels of oil equivalent. Earlier seismic work at the block identified 3 promising formations holding total recoverable hydrocarbon resources of more than 7 billion barrels of oil equivalent.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. The size of the market contraction in Russia is the biggest wild card facing vehicle manufacturers across the European continent, if not the world, in 2015 and 2016.” million units. million units.

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MIT Report Outlines System-Oriented Coordinated Polices for Reduction in Light-Duty Vehicle Petroleum Use and Emissions

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We emphasize that this policy portfolio is not a substitute for an economy-wide carbon management policy (such as a carbon tax or cap-and-trade system). Without strong action, those numbers are expected to keep rising, but reducing the nation’s impact on global climate change and dependence on oil imports has proved problematic.

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Senators Kerry and Lieberman Release Details of Energy and Climate Bill; Incentives for Electric Drive and Natural Gas Vehicles

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The bill provides assistance to those Americans who may be disproportionately affected by potential increases in energy prices through tax cuts and an energy refund program. Decreasing Dependence on Foreign Oil. Significant tax incentives encourage the conversion of trucks and heavy-duty fleets to natural gas vehicles.

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Sen. Baucus draft for energy tax reform focuses on clean production of electricity and fuels; repeals plug-in vehicle credits

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Senate Finance Committee Chairman Max Baucus (D-Mont.) introduced the latest in a series of discussion drafts to overhaul the US tax code. This new staff discussion draft focuses energy tax policy on stimulating domestic, clean production of electricity and transportation fuels, which account for 68% of energy consumed in the US.

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