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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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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

Green Car Congress

Market analysis: cross-border pipeline constraints have a limited impact on crude flows and prices. The earlier 2011 Final EIS was developed contemporaneously with the start of strong growth in domestic light crude oil supply from tight oil formations, such as those formations found in North Dakota’s Bakken region.

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