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Opinion: There Is No Such Thing As Peak Oil Demand

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Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. On the other hand, the United States has already seen demand decline for about 13 years. by Dwayne Purvis for Oilprice.com.

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USGS releases new estimates of reserve growth for US conventional oil and gas

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The US Geological Survey (USGS) has released a new estimate—based on a new methodology—for potential additions to domestic oil and gas reserves from reserve growth in discovered, conventional accumulations in the United States. These estimates were made using a new assessment methodology developed by the USGS.

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Actual fuel economy of cars and light trucks: 1966-2019

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In terms of fuel consumption per distance driven, the change between 1973 (the year of the first oil embargo) and 1991 (from 7.75 In comparison, the change between 2008 and 2019 (from 4.59 million cars and light trucks sold in the United States in 2019 accounted for only 6.7% gallons per 100 miles to 5.10

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Study finds GHG emissions from corn ethanol now 46% lower than gasoline

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In light of the United States’ renewed effort to achieve a net zero carbon economy, our research team believes this critical review is a timely contribution to establishing an accurate, common understanding of the greenhouse gas profile for corn ethanol in comparison to gasoline refined from crude oil. Scully et al.

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Argonne analysis shows greenhouse gas emissions similar for shale, conventional oil

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Shale oil production generates greenhouse gas emissions at levels similar to conventional crude oil production, according to a pair of new studies released by the US Department of Energy’s Argonne National Laboratory. These are shale formations with low permeability and must be hydraulically fractured to produce oil and gas.

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Study concludes permanent loss of peatlands in open-pit oil sands mining adds significantly to carbon burden of oil sands production

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Researchers at the University of Alberta (Canada) have quantified the transformation of the boreal landscape by open-pit oil sands mining in Alberta, Canada to evaluate its effect on carbon storage and sequestration. Oil sands mining and reclamation cause massive loss of peatland and stored carbon. —Rooney et al.

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PNNL study finds algal oil could replace 17% of US petroleum oil imports

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A new Pacific Northwest National Laboratory (PNNL) study shows finds that oil from algae grown in outdoor raceway ponds located in the Gulf Coast, the Southeastern Seaboard and the Great Lakes could replace 17% of the United States’ imported oil for transportation. That’s 17% of the petroleum that the U.S.

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