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Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse

Green Car Congress

Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Such an increase in capacity could prompt a plunge or even a collapse in oil prices, he suggests.

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Opinion: The Dark Side Of The Shale Bust

Green Car Congress

The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows. Williston is coping with $300 million in debt after having leveraged itself to buildup infrastructure to deal with the swelling of people and equipment heading for the oil patch.

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State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

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The relative GHG-intensity of both reference crudes and oil sands-derived crudes will change differently over time. Oil sands surface mining, given the vast aerial extent of the WCSB and that mining recovers 100% of the crude oil in place, is expected to have a relatively constant energy intensity long into the future.

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State Department releases Keystone XL Final Supplemental Environmental Impact Statement

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It is estimated that approximately 180,000 bpd of Canadian crude oil is already traveling by rail, and industry investments in rail are increasing. The dominant drivers of oil sands development are more global than any single infrastructure project. million bpd.

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