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ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

Green Car Congress

ExxonMobil is looking to reduce spending significantly as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases. Woods said that ExxonMobil has faced numerous market downturns throughout its long history and has experience operating in a sustained low-price environment. million net acres.

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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

Green Car Congress

While DoD and the services will have access to the wholesale fuel supplies they require, the purchase price may be uncomfortably high. As fuel consumers, DoD and the services have only one effective option to deal with high petroleum prices: to reduce use of petroleum fuels overall. Could oil production peak before 2030?

Price 225
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GE study finds 5% of worlds natural gas production wasted per year by flaring

Green Car Congress

It is becoming increasingly clear that the next phase of flare gas eradication will require a major, coordinated effort from central and regional governments, oil and gas producers, technology providers, and the international community. The role that each party plays differs by region. Advance local solutions.

Waste 260
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Transport Ministers endorse 2009 MPG Marathon in Coventry

Green Cars News

Both Ministers have sent letters of support for the annual two-day driving experiment, now in its 7th year, which is set to prove that motorists can save hundreds of pounds per year on their fuel bills irrespective of volatile pump prices. Also a first is the use of Lysanda’s Eco Log on every vehicle.

MPG 32
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Glencore to pay >$1.1B to resolve government’s investigation into bribery and commodity and price manipulation

Green Car Congress

Glencore International pled guilty in the Southern District of New York to violations of the Foreign Corrupt Practices Act (FCPA). pled guilty in the District of Connecticut to a commodity price manipulation conspiracy. billion to resolve the government’s investigations into bribery and commodity and price manipulation.