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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

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Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. A sharp rise in oil prices would spur new investment and new drilling.

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thyssenkrupp Steel, HKM and Port of Rotterdam jointly investigate setting up hydrogen supply chains

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Green hydrogen is a sustainable alternative to coal, oil and natural gas. Vast imports of hydrogen will be necessary if Europe and Germany want to reduce CO 2 emissions and become climate-neutral by 2050, while maintaining its strong industrial backbone.

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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. During the Global Financial Crisis in 2008/9, the COVID19 pandemic, and now the Ukrainian War, economic stimulus packages were meant to put the world on a cleaner and greener path, but this is not at all evident in the CO 2 emissions data.

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US Geothermal Power Could Top 10 Gigawatts, New Industry Report Says

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The number of states with geothermal projects under development also increased, from 12 to 14 over the past six months, with the addition of two oil-field co-production projects in Louisiana and Mississippi. The recession, as the report confirms, is having an impact on the industry, according to the GEA. million people.

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Study Finds Global CO2 Emissions Dropped 1.3% in 2009; Emissions in China and India Rose 9% and 6%

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While emissions from oil and gas have decreased, emissions from coal have remained stable; the share of coal as a fuel has increased. When China invests in roads or buildings, this causes large emissions, as industries like cement and steel industries are very emission intensive ”, Peters said. Resources.

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Pike Research forecasts surge in investment and growth in advanced biorefineries through 2022

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In its tally and projections, Pike includes conventional ethanol and biodiesel facilities targeting commodity-based feedstocks, such as corn starch, sugarcane, soy, palm oil, and rapeseed. —“Industrial Biorefineries”. —“Industrial Biorefineries”. United States, Brazil, and Europe—at 34.6 Earlier post.).

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PwC industry survey provides check-up on determining factors for EV success

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This is already a reality as governments around the world have offered billions of dollars in the form of loans, grants, and rebates through various stimulus programs. Respondents predict that coal will remain the primary energy source for EVs in 2020 (28.9%), followed by Fossil fuel/oil (21.4%). Nearly 68.8%