FormulaE-2

EIA Energy Outlook: The U.S. To Become Net Energy Exporter

lweb.es/f2532 01.08.2017

iconThe International Energy Agency’s Annual Energy Outlook provides modeled projections of U.S. domestic energy markets through 2050, and includes scenarios with different assumptions of macroeconomic growth, world oil prices, technological progress, and energy policies. With strong domestic production and relatively flat demand, the United States becomes a net energy exporter in most Outlook cases as petroleum liquid imports fall and natural gas exports rise over the projection period under consideration. Energy-related carbon dioxide emissions decline in most of the cases, with the highest emissions projected in the “no Clean Power Plan” projection.

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China Burning Through Forex Reserves To Support Yuan

lweb.es/f2531 01.07.2017

iconAs China’s foreign exchange reserves threaten to tumble below the critical $3 trillion mark, there are fears that it will set off a vicious cycle of more outflows and currency depreciation. China has stepped into both its onshore and offshore yuan markets to shore up the yuan, but if forex reserves continue to be depleted at a fast pace and capital flight continues, some strategists believe China may have to sanction another big “one-off” devaluation that could set off competitive currency devaluations by other struggling emerging economies.

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China Issues Five-Year Plan To Cut Emissions

lweb.es/f2528 01.06.2017

iconA five-year plan, 2016-2020, to save energy and cut emissions was issued by the Chinese State Council, setting a goal to cut energy consumption by 15 percent in 2020 compared with 2015. A carbon emissions trading market will be set up in 2017, and supportive policies will also be pursued, including a pricing mechanism for resources, monetary and tax incentives and financing support; an environmental protection tax will also be levied. Recyclable energy sources will be encouraged, as well as some substitution of coal by gas.

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Cruise Line Executive: LNG Represents The Fuel Of The Future

lweb.es/f2509 01.05.2017

iconCarnival Corp & plc, the world’s largest leisure travel company with 10 cruise line brands traveling to all seven continents and nearly 750 ports of call, has ordered a total of seven fully LNG-powered cruise ships – a first for the industry. The ships, the first of which will set sail in northwest Europe and the Mediterranean, will feature dual-fuel engines that will burn LNG both in port and at sea. The company’s senior VP talks about the rationale behind the change from marine diesel to LNG.

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cMISTTM : ExxonMobil’s New Natural Gas Technology

lweb.es/f2527 01.05.2017

iconExxonMobil has developed cMISTTM technology, which dehydrates natural gas using a patented absorption system inside pipes and replaces the need for conventional dehydration tower technology. This new technology reduces corrosion and equipment interference helping to ensure the safe and efficient transport of natural gas through the supply infrastructure and ultimately to consumers. It has been licensed to the Chemtech division of Sulzer, a leading player in separation technologies, to facilitate deployment across the oil and gas industry.

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New Reality: Solar Is The Lowest-Cost Source Of Energy

lweb.es/f2512 01.03.2017

iconSolar power is now cheaper than coal in some parts of the world. In less than a decade it could be the lowest-cost option almost everywhere. The speed at which the price of solar will drop below coal varies in each country: Countries that import coal, or that tax polluters with a carbon price, will see a crossover in the 2020s. Countries with large domestic coal reserves will probably take longer. However, coal looks the more economical option when the need for backup supplies for renewables are taken into account, say coal industry officials.

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China Is Looking For A Higher-Quality Foreign Investment

lweb.es/f2508 01.03.2017

iconThe Chinese Ministry of Commerce and the National Development and Reform Commission are revising the foreign investment industry catalogue. Areas that will be opened up to foreign companies in the services sector include road transportation, credit surveys and ratings; and in the manufacturing sector include rolling stocks, automotive electronics, motorcycles and corn processing. China expects that the foreign companies will pass on their expertise to domestic companies, thus not contradicting the “Made in China 2025” strategy that calls for core technologies to be mastered by domestic industry.

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China: Difficult Economic Policy Choices For 2017

lweb.es/f2517 01.02.2017

iconThe Chinese economy stabilized during the middle of 2016, but there is disagreement about the country’s growth outlook. Three forces are likely to determine economic trends in 2017: property development, infrastructure spending and manufacturing investment, but they bring with them much uncertainty about the future of economic policy. China’s challenge is not how to support the creation of new industries but how to facilitate the smooth exit of old industries. And this begs the question: will the government have the courage to bankrupt those inefficient and unprofitable zombie State Owned Enterprises?

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China Opens Up To More Foreign Direct Investment

lweb.es/f2516 12.31.2016

iconChina has lost the top position as an investment destination to India, and has now opened up more sectors for foreign investors in order to catch up in the race between the two countries. It is offering a slice of tightly controlled segments like public transport and railway equipment to foreign players. But what prompted Beijing to bite the bullet despite resistance from state-owned enterprises is not just slipping numbers of foreign direct investments, but worries about US President-elect Trump using China’s partially closed market as a reason to launch negative trade actions.

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Total Plans US$ 1 Billion Annual investments In Brazil

lweb.es/f2523 12.28.2016

iconThe decision by Total E&P do Brasil to expand operations in Brazil with annual investments of US$1 billion comes on the heels of Total agreeing to acquire assets from Petrobras as part of the latter company’s asset sales program. Technical cooperation will be strongly reinforced between the two companies including joint assessment of the exploration potential in key prospective areas in Brazil, and the development of new technologies. Total will also enter the integrated gas and power market in Brazil. Petrobras and Total jointly participate in 19 E&P consortiums worldwide.

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Electric Vehicles: Not A Game-Changer For Oil Market

lweb.es/f2480 12.27.2016

iconAccording to BP, electric vehicles are not likely to be a game changer for the growth of oil demand over the next 20 years where the increasing prosperity in emerging Asia is likely to swamp the impact of even a very rapid increase in electric cars. In fact, there may well be more cost effective methods of reducing CO2 emissions over this period, for example greater improvements in vehicle efficiency, a switch away from coal in the power sector, or increased investment in Carbon Capture and Storage. But these considerations should not detract from the many potential benefits that electric vehicles may bring.

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Rising Costs Threaten China’s Reputation As “World’s Factory”

lweb.es/f2500 12.27.2016

iconAccording to the director of the Center for Economic Diplomacy, Fudan University, Shanghai, China’s reputation as the world’s factory is increasingly threatened by rising costs, the accelerated manufacturing resurgence in various developed countries and the growing competitiveness of emerging economies. This situation has prompted numerous Chinese manufacturers to move their factories offshore. Manufacturing has long been at the foundation of China’s rise into a global economic power and the country needs to consolidate this manufacturing foundation. Otherwise China will risk hollowing out its real economy before it grows strong enough.

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