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GlobalData: Hurricane Isaac to have minimal impact on Gulf refining

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Category 1 Hurricane Isaac will have a minimal impact on Gulf manufacturing, according to GlobalData’s managing analyst for the downstream oil & gas sector, Jeffrey C. A typical refined barrel of crude in the Gulf area yields 46% gasoline, 25% diesel or heating oil, and 6% natural gas liquids.

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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

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The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil.