... level of the 1st generation of biofuels in transport from 10% to 5% total consumption (in fact, it has done so since the report was published, down to 5.5%; see link). In the largest biofuels producer the situation is far from merry, as strategically USA aimed to limit its reliance on Middle East via alternative energy, but shale has altered the game so much that it no longer needs it for security. At €0.84 per litter biofuel diesel is very expensive to produce, in contrast to standard diesel ...
... of Russia and China results in an unprecedented regional Rubik’s cube, except no colour is the same and the two players are colour-blind with suspicion and a long history of flip-flopping between sides (e.g. China's Détente with USA, Russia's Détente with USA etc).
Power Triangle - Sino-Russian Mutuality on US:
The first and foremost issue that Russia and China can find a common ground on, as Mitrova sees, is the joint dislike of the US hegemony. It is a ...
... climate in which US firms experience strong comparative advantage over their foreign counterparts.
Second crucial reason is USA’s entrepreneurial spirit and business mentality. Devon Energy, the biggest firm in the Barnett Shale area, was started ... ... canals to restructure waterways for its mass population; particularly in the big cities that lack water. Surely, water heavy fracking and dense population – with possibility of contamination due to chemicals used in the method or gas released into ...
... will decided the end price. Unless Russia offsets the cost for gas from the current $400 per 1000 cubic meters, it could begin to lose market share – which has not changed in the last decade. The decision must be well calculated, yet quick, as USA has almost achieved independence from energy imports due to shale which could supply North America, Australian shale could supply Asia, Israel has off-shore shale potential, Middle East could make a stable return to supply Europe and if China gets ...
