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THE OIL MARKET’S HARD CHARGERS-2: India steers new course toward energy reform
India is the world’s second most populous country (after China). Its population is projected to increase to 1.46 billion by 2030 from 1.09 billion in 2006.
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Refiners pull back on plans for capacity additions, EIA chief says
US refiners apparently have scaled back plans for additional capacity from levels of a year ago, the head of the US Energy Information Administration told a Senate committee on May 15.
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Oil costs, demand push gas prices up, House panel told
High crude costs remain the single biggest force behind rising gasoline prices, said John C. Felmy, American Petroleum Institute chief economist, on May 9.
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Bush orders action on CAFE, motor fuel alternatives
US President George W. Bush ordered federal agencies to implement proposals to increase motor fuel efficiency and develop motor fuel alternatives more quickly.
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Deloitte: Gas supply question makes Europe edgy
European countries are increasingly apprehensive about Russia’s attempts to control natural gas supplies and transmission, noted speakers at the 2007 Deloitte Energy Conference on May 14.
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WATCHING GOVERNMENT: The benefits of initiative
Kenneth Irving, chief executive of Irving Oil Ltd. in St. John, NB, has a recommendation for his refining competitors in the US: Don’t resist the push for action on global warming. Embrace it instead-but carefully.
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IEA members seek energy security, sustainability
Ministers of the International Energy Agency’s member countries, having confronted growing energy challenges since their last meeting in 2005, gathered in Paris May 14-15 to identify methods of achieving energy security and sustainability, which are “absolutely paramount,” said IEA Executive Director Claude Mandil.
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China’s crude production rising slower than demand
China reached production of 3.6 million b/d of oil, 50 billion cu m of natural gas, and 5.8 million b/d of refining capacity by 2005, Facts Global Energy Group (FGE) reported in a May research paper.
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WATCHING THE WORLD: China’s Sudan work criticized
Critics are eyeing Chinese oil and gas exploration activity around the world, not least in Sudan where, it is claimed, Beijing is ruthlessly exploiting the government’s economic vulnerabilities.
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Bolivia decrees foreigners may not export products
Bolivia’s President Evo Morales has issued a decree that forbids Brazil’s state-owned Petroleo Brasileiro SA (Petrobras) and other foreign companies from exporting certain oil products.
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Bolivia to pay $112 million to buy back Petrobras refineries
After days of tense negotiations between Brazil’s state-owned Petroleo Brasileiro SA (Petrobras) and the Bolivian government, Bolivia’s President Evo Morales announced that his country had reached a deal to purchase the country’s two refineries from Petrobras.
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Canada to regulate greenhouse-gas, other air emissions
The Canadian government has issued a proposed framework for regulation of air emissions that it says contains “the toughest action on greenhouse gases ever proposed by a Canadian government.
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US states seize opportunities to maximize oil, gas production
US oil and gas-producing states must continue to work together to explore for and develop oil and gas resources and maximize production with a high sense of environmental awareness if they are to meet the nation’s ever-increasing energy requirements.
