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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. This will, of course, come at a cost for energy-hungry regions or consumers.

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Lux: Total is leading example of oil supermajor expanding into solar plus storage and distributed generation

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France-based Total is the first oil supermajor aggressively to enter new areas of business including solar plus storage and distributed generation, notes Lux Research in a new report : “Superpower Darwinism: What Big Oil Can and Cannot Do About Total’s Billion-Dollar Battery Move.”. It’s not just the battery anymore.

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DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

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While LNG is expected to be an early success, the picture becomes more diversified over time, as more than 20% of shipping could adopt hybrid propulsion solutions featuring batteries or other energy storage technologies, according to the paper. Ship electrification holds significant promise for more efficient use of energy.

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BCG report finds advanced biofuels, concentrated solar power, and solar photovoltaic tracking to make significant market impact sooner than commonly assumed

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The fortunes of alternative energy have historically waxed and waned with the price levels of oil, gas, and other energy sources, rising when prices are high only to fall once they retreat. Base case economics for EVs in North America are very challenging, absent significant disruption in oil price or battery cost.

Solar 295
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Roland Berger E-Mobility Index finds government subsidies for and projected sales of xEVs declining worldwide

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Extracting oil by fracking could stabilize the oil price over the next few years. In this context, the lithium-ion energy storage systems used in most of the EVs and PHEVs currently on the market are safety-critical components. This would make the cost disadvantage for alternative drives even worse.

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US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

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Advance innovative technologies through new R&D investments: Building on Recovery Act investments, the President’s Budget proposes enhanced R&D investments in electric drive, batteries, and energy storage technologies. —One Million Electric Vehicles by 2015. One Million Electric Vehicles by 2015.

2015 210
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Study finds no alternative to widespread switching of direct fuel uses to electricity to meet 2050 California GHG targets; putting detail in climate wedges

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biofuels; CCS; on-grid energy storage; electric vehicle. reduction in fuel costs even with electricity prices doubled. and oil prices at $100/barrel, as well as shifting cash flows. away from foreign oil imports toward domestic purchases of. energy efficiency and design of new infrastructure in these.

Climate 262