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Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

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High oil prices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.

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The Next Big Offshore Boom Is About To Happen in Brazil

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No wonder, then, that as many as 30 companies took part in the bidding round—the first of a total nine rounds, to take place between now and 2019. The auction was closely watched as a gauge of sentiment towards Brazilian oil exploration projects after a decade of Petrobras’ reign in the country’s continental shelf.

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The Fed Is Driving Down Oil Prices

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dollar to go up, which is putting downward pressure on prices,” Phil Flynn, analyst at Price Futures Group in Chicago, told Reuters. There are plenty of factors influencing oil prices right now, and the OPEC+ decision expected in a few days will be the single most important driver in the near-term. But the U.S.