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ExxonMobil seeking to boost growth, continue work on lower-emissions technologies including biofuels and carbon capture

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ExxonMobil expects to increase annual earnings potential by more than 140% and double potential annual cash flow from operations by 2025 from 2017 adjusted earnings, assuming a 2017 oil price of $60 per barrel adjusted for inflation and based on 2017 margins. —Darren Woods.

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Global Bioenergies reports first production of green isobutene at demo plant

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Global Bioenergies is now entering the final phase of demonstrating its technology for converting renewable carbon into hydrocarbons. The demo plant will be ramped up in the first half of 2017, with the goal of reaching performances close to commercial levels by the end of the year. Earlier post.).

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Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

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Most notably, a rise in Saudi crude-oil output could trigger a damaging period of global oversupply, said Jim Krane, the Wallace S. This glut could be exacerbated by future carbon taxes and other policy restrictions on fossil fuels, he said. —Krane (2017). —Krane (2017). Jim Krane (2017) “Beyond 12.5:

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EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

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AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

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EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

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quadrillion Btu in 2025, due to incorporation of the model year 2017 to 2025 GHG and CAFE standards for LDVs. Biofuels grow at a slower rate due to lower crude oil prices and. US energy-related carbon dioxide emissions remain more than 5% below their 2005 level through 2040, reflecting increased. than in AEO2012.

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IEA: Global CO2 emissions up by 1.0 Gt (3.2%) in 2011 to record high

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Gt no later than 2017, i.e. just 1.0 However, China’s carbon intensity—the amount of CO 2 emitted per unit of GDP—fell by 15% between 2005 and 2011. CO 2 emissions in the EU in 2011 were lower by 69 Mt, or 1.9%, as sluggish economic growth cut industrial production and a relatively warm winter reduced heating needs.

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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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Some other key findings of the AEO2014 Reference case include: Low natural gas prices boost natural gas-intensive industries. Industrial shipments are expected to grow at 3.0% Bulk chemicals and metals-based durables account for much of the increased growth in industrial shipments. annual growth through 2040.

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