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Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

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As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil.

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

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One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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Are biofuels the answer for green cars? The Green Piece

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Global use of biofuels will more than double between 2009 and 2015 – that is the verdict of Hart Energy Publishing’s Global Biofuels Centre (see article ). Generally, any alternative energy form that can help reduce carbon dioxide (CO2) emissions and limit our reliance on fossil fuels is well-received.

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Annual increases in CO2 slows down

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With oil prices surging in the summer of 2008, the annual increase in global emissions of carbon dioxide (CO2) from oil, coal, gas and cement production appear to have halved according to preliminary estimates by the Netherlands Environmental Assessment Agency. per cent from international transport. per cent in 2007.

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Emissions projected to rise steeply

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Efforts may be under way to curb the rise in world energy consumption and with it the world’s carbon dioxide (CO2) emissions - but that won’t curb some serious growth between now and 2030 according to the International Energy Outlook. Oil prices are expected to rise and may even hit $130 a barrel by 2030.

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Fossil fuel subsidies “are public enemy number one”

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Fossil fuel subsidies amount to little more than an incentive to pollute and as such are “public enemy number one to sustainable development” Fatih Birol, Chief Economist at the International Energy Agency said at the European Wind Energy Association’s (EWEA) recent annual conference.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

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While production costs and refining costs for heavy oil exceed that for light oil, applying information technology solutions for decision-making has provided a significant increase in the margins and profits of operations, according to Chevron engineers in a paper presented on their system earlier this year. Click to enlarge.

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