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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

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XTO’s resource base is the equivalent of 45 trillion cubic feet of gas and includes shale gas, tight gas, coal bed methane and shale oil. These will complement ExxonMobil’s holdings in the United States, Canada, Germany, Poland, Hungary and Argentina. In connection with the transaction, J.P. Morgan Securities Inc.

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Opinion: Why Lithium Will See Another Price Spike This Fall

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Electrical Grid Connections. In some locations, grid-scale peaking applications have already been implemented, often in old coal power plants, re-using the building and grid connections. Orocobre Limited is commissioning their Olaroz project in Argentina, and is currently at 68% of its 17,500 TPA full capacity.

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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

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Examining the role of shale gas, PwC’s report suggests that at current rates of consumption, replacing 10% of global oil and coal consumption with gas could deliver emissions savings of around 3% a year (1gt CO 2 e per annum). Other G20 (Australia, Korea, EU, South Africa, Saudi Arabia, Argentina).