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Though it’s been nearly two decades since some major oil companies began talking about climate change, a former chairman of one such company said he is distressed over how slow global progress has been on the issue. Sir Mark Moody-Stuart – once the chairman of Royal Dutch Shell PLC – spoke about climate change earlier […]

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When listing advocates of the U.S. ethanol industry, those who normally spring to mind include farmers, processing facilities, environmentalists – and not an organization like OPEC. But that may be what’s unfolding now, according to Reuters, with the Organization of the Petroleum Exporting Countries (OPEC) becoming an “unlikely ally” for the Obama administration and its […]

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The U.S. Environmental Protection Agency will still require refineries to increase the amount of ethanol in gasoline for the next two years, but is proposing increases lower than the benchmarks set eight years ago. In 2007, Congress created a renewable fuel standard that set yearly increases of the percentage of biofuel mixed into the U.S. […]

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The U.S. Department of Agriculture (USDA) announced that it will spend up to $100 million in grants to help expand the infrastructure of renewable fuels. The funding has been allocated under the USDA’s Biofuels Infrastructure Partnership. Under this new program, the agricultural department will collaborate with state governments and private companies with the goal of […]

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More regions have recently reduced government-financed incentive programs for electric vehicles to save money, but many of these same areas are already paying far more to support the oil and gas industry. As much as $5.3 trillion is spent annually worldwide to subsidize fossil fuels, according to a new report from the International Monetary Fund. […]

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The U.S. Energy Information Administration (EIA) estimates fuel prices could drop as low as $2.29 per gallon for gasoline and $2.87 for diesel. The department released its predictions this month in its annual Short-Term Energy Outlook with analysis for 2015 and 2016. “U.S. regular gasoline retail prices, which averaged $3.36 per gallon in 2014, [will] […]

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Officials with the Organization of the Petroleum Exporting Countries don’t believe oil prices will rise above $100 per barrel for the next 10 years, according to inside sources. This report comes from The Wall Street Journal, which saw excerpts of OPEC’s strategy report and interviewed others that had seen the full report. “The report predicted […]

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In order to maximize the environmental benefits of plug-in vehicles, says a new study, charging needs to be controlled to keep costs down and maximize renewable energy sources. A research team from Carnegie Mellon University (CMU) addressed the complicated relationship between the production costs and emissions for power companies to recharge an electrified car, publishing […]

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One of the requirements still needed to push hydrogen-powered cars into the mainstream is finding a way to economically produce the fuel, and a team of researchers said they have found the solution. Corn – easy and inexpensive to grow – could be the key that moves fuel cell vehicles (FCV) from fringe technology to […]

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The Secretary-General of OPEC predicted that oil prices have hit the bottom and will begin surging towards $200 a barrel, though he didn’t estimate a timeline for the price increase. The current prices of $45 to $55 a barrel denote the market’s bottom, said OPEC’s Secretary-General Abdulla al-Badri. The drop in oil prices have resulted […]

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