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Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

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High oil prices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.

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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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Indonesia’s Duri heavy oil field has also achieved an ultimate recovery factor of 70% after employing steamflood technology. PT Chevron Pacific Indonesia, a wholly owned Chevron subsidiary, operates the North Duri Field Area 12 in Indonesia, where Chevron produces nearly half the nation’s crude oil.

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Are biofuels the answer for green cars? The Green Piece

Green Cars News

They offer the prospect of increased market competition and oil price moderation and can help reduce the dependency on fossil fuels. Further worries include the impact on water resources.

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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billion) were all in the top 10 of investing countries while more than $1 billion was invested in Indonesia, Chile, Mexico, Kenya and Turkey. Another challenge was, at first sight, the impact of the 50%-plus collapse in the oil price in the second half of last year. Additional to China, Brazil ($7.6 billion), India ($7.4

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GSI/UNEP conference report finds fossil-fuel subsidy reform complex and challenges sobering; ~1% of global GDP spent on fossil-fuel subsidies

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For example, at peak oil price in 2008, Indonesia was spending 40% of its budget on transport fuel—more than health, education and infrastructure development combined. ” Some of the main lessons drawn from the report include: Fossil-fuel subsidies absorb serious amounts of money.

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