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CAPP forecasts oil sands development still drives steady Canadian oil production growth to 2030

Green Car Congress

According to CAPP’s 2014 Crude Oil Forecast, Markets and Transportation , total Canadian crude oil production will increase to 6.4 For comparison, CAPP’s 2013 forecast estimated total production in 2030 at 6.7 million barrels per day, with oil sands production contributing 5.2 CAPP does not forecast oil prices.

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State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

Green Car Congress

Comparison of proposed Keystone XL route to previously proposed project segment. The US Department of State (DOS) has released its Draft Supplemental Environmental Impact Statement (SEIS) in response to TransCanada’s May 2012 application for the Keystone XL pipeline that would run from Canada’s oils sands in Alberta to Nebraska.

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State Department releases Keystone XL Final Supplemental Environmental Impact Statement

Green Car Congress

The earlier 2011 Final EIS was developed contemporaneously with the start of strong growth in domestic light crude oil supply from tight oil formations, such as those formations found in North Dakota’s Bakken region. Domestic production of crude oil has increased significantly, from approximately 5.5

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

The Current Policies Scenario assumes no new policies are added to those in place as of mid-2011, and is used as a basis for comparison with the New POlicies Scenario. Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. Oil demand for road freight grows fastest, by 1.7%

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