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ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

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Demand for electricity will make natural gas the fastest growing major energy source and oil and natural gas are expected to meet 60% of energy needs over the next three decades. A total of 21 major oil and gas projects will begin production between 2012 and 2014. billion oil-equivalent barrels.

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GE Transportation Unveils New Evolution Series Locomotive; 17% Reduction in Fuel Consumption, 70% Reduction in Emissions

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GE’s new AC motors have fewer parts to maintain and eliminate the electrical problems that hamper DC motors. million tons of carbon dioxide, a major greenhouse gas. Evolution Series Locomotives currently are operating in the United States, Canada, Mexico, Brazil, China, Mongolia, Australia, Kazakhstan and Egypt.

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Opinion: Uranium Prices Set To Double By 2018

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As Scientific American opines , “Nuclear energy’s clean bona fides may be its saving grace in a wobbling global energy market that is trying to balance climate change ambitions, skittish economies and low prices for oil and natural gas.”. According to Bloomberg, in Asia alone, approximately $800 billion in new reactors are being developed.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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Alternative technologies, such as hybrid and electric vehicles that use oil more efficiently or not at all, continue to advance but they take time to penetrate markets. The number of people without access to electricity remained unacceptably high at 1.3 Electric vehicles. The passenger vehicle fleet doubles to almost 1.7

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