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Baker Institute experts: major parts of the US shale sector will ramp up with $60 oil prices

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If West Texas Intermediate (WTI) crude oil prices stabilize at or above $60 per barrel, major parts of the United States shale sector that are currently dormant will ramp up, according to an analysis by experts in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. Baker III and Susan G.

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Opinion: Here’s what will send oil prices back up again

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Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will. There is no doubt that supply has increased.

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Machine learning PODA model projects the impact of COVID-19 on US motor gasoline demand

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Projections of the evolution of COVID-19 pandemic trends show that lockdowns help to reduce COVID-19 transmissions by as much as 90% compared with the baseline without any social distancing in Austin, Texas. However, this unprecedented phenomenon could last for a few years: Kissler et al. Nat Energy doi: 10.1038/s41560-020-0662-1.

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IEA: Global oil discoveries and new projects fell to historic lows in 2016 while US shale surged; “two-speed” market

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Oil discoveries declined to 2.4 Meanwhile, the volume of conventional resources sanctioned for development last year fell to 4.7 Meanwhile, the volume of conventional resources sanctioned for development last year fell to 4.7 The average break-even price in the Permian basin in Texas, for example, is now at US$40-45/bbl.

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IHS Markit research estimates 60B to 70B barrels remain in Permian basin; headed for a second peak

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Initial results indicate the giant basin still holds an estimated 60 billion to 70 billion barrels of technically recoverable resources. These results significantly alter the understanding of the Permian Basin’s resource potential, according to the company. —John Roberts.

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EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

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Biofuels grow at a slower rate due to lower crude oil prices and. The decline reflects increased domestic production of both petroleum and natural gas, increased use of biofuels, and lower demand resulting from the adoption of new vehicle fuel efficiency standards and rising energy prices. Biomass and biofuels growth is slower.

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

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The DOS SEIS accordingly takes a detailed look at life-cycle greenhouse gas emissions of petroleum products from Western Canadian Sedimentary Basin (WCSB) oil sands crudes compared with reference crudes and the potential impact the pipeline might have on climate change as well as on the future development of the oils sands resource in Canada.