Light, sweet crude flowing out of the Eagle Ford would attract higher, premium prices on the world market, if those oil exports weren’t prohibited by U.S. trade policy, a Rice University study concludes.
As global energy demand rises, the United States must do a better job making its oil boom sustainable in places like the Bakken Shale, where fractured wells recover just 4 percent of the underground resource, a Rice University official said Wednesday.
Charles McConnell, a former U.S. assistant secretary for fossil energy, said his job entails bolstering the university’s relationships with industry giants such as Exxon Mobil Corp., Royal Dutch Shell and BP.
The United States is unlikely to meet current biofuel goals if the climate continues to evolve as predicted by the Intergovernmental Panel on Climate Change, according to a new study by Rice University and the University of California at Davis.
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