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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

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

Green Car Congress

Reducing steam generation requirements and optimizing the generation process reduces the GHG overhead associated with the production of heavier oil. Chevron’s heavy oil interests also include the oil sands in Canada and in the deepwater Brazil. Using thermal recovery processes in heavy oil reservoirs depends largely on.

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Opinion: Blaming Rising Fuel Prices on High Temps is Dumb

The Truth About Cars

Meanwhile, increased temperatures lead to increased air conditioning use that draws more energy from the grid — 60 percent of which is powered by fossil fuels inside the U.S.& & “Usually it takes a hurricane to move prices that much,” he said.& & Oil prices spiked dramatically following the 2020 presidential election.

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