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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

Green Car Congress

The collapse in prices may mean we don’t see more white elephants like the Kashagan project in Kazakhstan, an offshore boondoggle that has required more than a decade of development, tens of billions of dollars, and still won’t come online for a few more years. Maintaining access to finance can come at a price.

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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

Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. Production of conventional crude oil—the largest single component of oil supply—remains at current levels before declining slightly to around 68 mb/d by 2035. —WEO 2011.

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