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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). million barrels per day this year and 12.8

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US renewables’ installed generating capacity beats coal

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Photo by Los Muertos Crew on Pexels.com Solar capacity additions hit the ground running in 2024, pushing renewables’ installed generating capacity past coal, according to new US Federal Energy Regulatory Commission (FERC) data. That’s more than the installed capacity of coal (207.15 of the total. GW) but also hydropower (101.41

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1 in 5 new car sales globally were EVs in 2023, and that’s curbed oil demand – IEA

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Their emissions dropped to a 50-year low while coal demand fell back to levels not seen since the early 1900s. It was a combination of strong renewables deployment, coal-to-gas switching, energy efficiency improvements, and softer industrial production that drove the decline in advanced economies’ emissions, reports the IEA.

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Tesla Megapack battery turns on to replace Hawaii’s last coal plant

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A Tesla Megapack battery system has officially turned on to replace Hawaii’s very last coal power plant. In early 2022, we reported that Tesla is deploying Megapacks at a new energy storage project that will replace Hawaii’s last remaining coal plant. It will enable better use of the state’s increasing renewable energy.

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The $32-Trillion Push To Disrupt The Entire Oil Industry

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Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. by Cyril Widdershoven for Oilprice.com.

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Proposed process for low-emissions coal-to-liquids

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The EMS (Earth and Mineral Science) Energy Institute at Penn State has developed a conceptual novel process configuration for producing clean middle-distillate fuels from coal with some algal input with minimal emissions. Principal inputs are coal, water, non-carbon electricity, and make-up solvent. Schobert (2015) Click to enlarge.

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Haldor Topsoe and Yanchang form joint venture and build methanol catalyst facility in China

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Shaanxi Yangchang Petroleum, an energy & chemical giant in China, is engaged in efficient development, comprehensive utilization and deep conversion of petroleum, natural gas, coal, and other resources, ranking 265 among the Fortune Global Top 500. The year of 1907 saw the foundation of the first oil well in mainland China by Yanchang.

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