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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel. That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. gal last summer. gal on 22 March.

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Opinion: Saudi Arabia Continues To Turn Screws On US Shale

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According to OPEC's latest monthly oil report , Saudi Arabia boosted its oil output to 10.31 That was enough for the de facto OPEC leader to claim its highest oil production level in more than three decades. There is a lag between movements in the oil price and corresponding changes in production. million barrels.

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Pike Research forecasts surge in investment and growth in advanced biorefineries through 2022

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In its tally and projections, Pike includes conventional ethanol and biodiesel facilities targeting commodity-based feedstocks, such as corn starch, sugarcane, soy, palm oil, and rapeseed. As capital costs for greenfield plant construction continue to drop, biorefinery commissions based on. Earlier post.).

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NSF Awards NCSU Team $2M For Research on Deriving Drop-in Renewable Hydrocarbon Fuels from Algae

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The first of many parallel steps for the research effort is to mass-culture the best oil-producing strains of Dunaliella , and then to map the Dunaliella genome and identify the genes responsible for regulating the quantities and qualities of the produced fatty acids. It has to be cost-competitive, or none of this makes sense.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

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DB has lowered its advanced lithium-ion battery cost projection by about 30% for 2012. ” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Dr. Paul addressed a positive change—the days of increasing US oil consumption may be over. “ We reached peak oil consumption in the US in 2008 and the same is true in the EU and Japan. ” M barrels/day of oil within the next 10 years ”. Costs are also falling due to classic economics. Billion vs. $28.3 Billion in 2008).

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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

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The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. The 70’s oil crisis came and went; the loss of USA domestic market share occurred and a recent bankruptcy wave that hit the industry.

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