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Opinion: Oil Price War May Benefit both US Shale and Saudi Arabia

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Even as financial commentators on CNBC are starting to come around to the idea of a bottom in oil prices, the key question for US oil producers remains one of timing. How long will the oil price slump last? After the oil price crash in 1985, it took almost twenty years for prices to revert to previous levels.

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Indianapolis plans to add 425 PHEVs and BEVs to municipal fleet by 2016

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The new Indy fleet vehicles will include 100% electric models, such as the Nissan LEAF, as well as plug-in hybrid models like the Chevrolet Volt and the Ford Fusion Energi, which offer extended range. The City will replace 100 vehicles by the end of this year and 425 vehicles by the beginning of 2016. Indianapolis Mayor Greg Ballard.

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bp to exit its 19.75% shareholding in Rosneft

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Impact on reporting and finances. This will result in two material changes to bp’s financial reporting and finances in the results for the first quarter of 2022. bp expects a $14-15 billion range for capital expenditure in 2022, rising to $14-16 billion between 2023-5. Bob Dudley has been a director of Rosneft since 2013.

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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

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The first quote modifies a GEICO commercial describing a free-range chicken (If you’re a free range chicken, you roam free, that’s what you do), the second, the famous John Maynard Keynes quote about markets (The market can stay irrational longer than you can stay solvent), the third, another famous Keynes quote (In the long run, we’re all dead).

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Pike Research forecasts global biofuels market value to double to $185B by 2021

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Pike projects that by 2021, the production of biofuels derived from a range of feedstocks will reach 65.7 between 2017 and 2021, as a combination of higher oil prices, emerging mandate. The report identifies a number of key trends, including: Oil prices are expected to climb over the next decade, driving increased interest in.

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BNEF forecasts EVs to be 35% of global new car sales by 2040; cost of ownership below conventional-fuel vehicles by 2025

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A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. The first generation of these long-range, mid-priced BEVs is set to hit the market in the next 18 months with the launch of the Chevy Bolt and Tesla Model 3.

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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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The report, “ Renewable Power Generation Costs in 2014 ”, concludes that biomass, hydropower, geothermal and onshore wind are all competitive with or cheaper than coal, oil and gas-fired power stations, even without financial support and despite falling oil prices. The average cost of wind energy ranges from US$0.06/kWh

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