by Talia Kaplan (FOXBusiness) Mike Sommers, the American Petroleum Institute president and CEO, argued on Wednesday that a long-term energy strategy is needed to reduce prices and stressed that the U.S. has resources that can be developed quickly "if we get the
oil exploration
Back TO HOMEIn Historic Vote, Los Angeles Will Phase out Oil Drilling
by Adam Mahoney (Grist) Once a magnet for urban oil drilling, the city now moves to curb its dependence on fossil fuel production. -- On Wednesday, the Los Angeles City Council approved a sweeping measure that will ban new oil and gas
January 31, 2022 Read Full Article
Daily on Energy: Call to End Oil and Gas Exploration Will ‘Come Back to Haunt Us,’ Top Analyst Warns
by by Jeremy Beaman and Josh Siegel (Washington Times) ... He (Daniel Yergin, vice chairman of IHS Markit) also claimed IEA’s (International Energy Agency's) report informed a decision by organizers of the U.N.’s COP26 climate conference to give the oil
November 10, 2021 Read Full Article
California’s Dirty Little Secret: Oil Wells in the Backyard
by Alexandria Herr (Capital & Main) Even Texas and Wyoming do a better job protecting communities from oil and gas drilling. -- As a child, Ashley Hernandez remembers pretending that the oil pumpjacks that loomed over her neighborhood were dinosaurs. Other children
October 14, 2021 Read Full Article
California Spill Triggers New Calls against Drilling
by Matthew Choi (Politico's Morning Energy) ... The California oil spill is drawing scrutiny in Washington, with the White House closely monitoring the situation and Democratic lawmakers pushing to curtail offshore drilling. ... OC OIL SPILL SPURS CALLS FOR ENDING OFFSHORE DRILLING: Local,
October 05, 2021 Read Full Article
Carbon Capture Is a No-Brainer Solution for Companies Facing Net-Zero Policy Goals
by Ian Palmer (Biofuels Digest) ... Carbon capture and storage (CCS) is an escape hatch, or an offset, to be used if there are “leftover” GHG emissions. If a country is on a pathway to reduce GHG to zero by a
July 07, 2021 Read Full Article
Big Oil (Probably) Isn't Going Away Anytime Soon. But It's Definitely Changing
by Camila Domonoske (NPR) ... European companies – such as French multinational Total and British-based BP – are staking big bets on a pivot from oil to renewable power. Meanwhile, American giants are staking smaller sums of money on more nascent
June 09, 2021 Read Full Article
Biden Administration Supports Oil, Mining Projects Backed by Trump
by Timothy Puko (Wall Street Journal) Defense of ventures has helped Biden’s relationships with some Western lawmakers -- Biden administration lawyers are defending oil and mining projects approved under the Trump administration, benefiting ConocoPhillips , Rio Tinto PLC, BHP Group Ltd.
June 02, 2021 Read Full Article
Nations Must Drop Fossil Fuels, Fast, World Energy Body Warns
by Brad Plumer (New York Times) A landmark report from the International Energy Agency says countries need to move faster and more aggressively to cut planet-warming pollution. -- Nations around the world would need to immediately stop approving new coal-fired power
May 18, 2021 Read Full Article
Decarbonizing California Transportation by 2045
(University of California Davis) Report to State Outlines Policy Pathways to Meet the Zero-Carbon Time Crunch -- Transportation is the largest source of greenhouse gas emissions in California. In order to achieve the state’s goals of carbon neutrality by 2045
April 27, 2021 Read Full Article
A California County, Despite the State’s Climate Goals, further Embraces Fossil Fuels
by Miranda Green (Washington Post) The long shadows cast here in the San Joaquin Valley come from oil derricks, not palm trees. Two hours inland from the Pacific Ocean, the arid terrain is peppered with petroleum and gas wells. The
April 18, 2021 Read Full Article
Climate Orders up: It's Climate Day at the White House.
by Kelsey Tamborrino (Politico's Morning Energy) It's climate day at the White House. President Joe Biden will unveil executive orders today designed to make climate change a national security priority for years to come, while reshaping the U.S. oil and
January 27, 2021 Read Full Article
QUOTE OF THE WEEK --- Jacques Leslie
"Los Angeles is a natural focus for treaty organizers because of its unusually high concentration of oil infrastructure in an urban setting: The city is home to more than 800 active wells in 26 oil and gas fields." --Jacques Leslie
January 05, 2021 Read Full Article
Op-Ed: Treat Fossil Fuels Like Nukes. Endorse a New Nonproliferation Treaty
by Jacques Leslie (Los Angeles Times) The Los Angeles City Council is poised to endorse a call for a global Fossil Fuel Non-Proliferation Treaty. ... Signatory governments would agree to stop further expansion of the fossil fuel industry within their
January 05, 2021 Read Full Article
Denmark Becomes First Major Oil-Producing Nation to Set Deadline to End Extraction
by Florian Elabdi, Rick Noack and Steven Mufson (Washington Post) Denmark on Friday became the first major oil-producing nation to announce an end to state-approved exploration in the North Sea, with the aim of phasing out all extraction by 2050. The
December 07, 2020 Read Full Article
Coronavirus Will Hasten ‘Peak Oil’ by Three Years, Says Research Firm
by Myles McCormick (Financial Times) Rystad Energy says its estimate of recoverable barrels of crude has dropped by 282bn -- An influential research firm has cut its estimate of potential oil production by an amount that exceeds the reserves of
June 22, 2020 Read Full Article
Shell Is Looking Forward: The Fossil-Fuel Companies Expect to Profit from Climate Change. I Went to a Private Planning Meeting and Took Notes.
by Malcolm Harris (Vox Media Intelligencer/New York Magazine) ... I asked Fries (Steven Fries, Shell’s chief economist) if Shell is serious about transition, then couldn’t it voluntarily speed it up by leaving some of its wells fallow, constraining oil output
March 04, 2020 Read Full Article
Fact Sheet: Fossil Fuel Subsidies: A Closer Look at Tax Breaks and Societal Costs
by Clayton Coleman and Emma Dietz (Environmental and Energy Study Institute) A recent analysis published in Nature Energy found that continuing current fossil fuel subsidies would make it profitable to extract half of all domestic oil reserves. This could increase U.S. oil production by
August 02, 2019 Read Full Article
New Report: California Oil Among World's Dirtiest -- Rampant Oil Production Undermines State's Climate Leadership
(Center for Biological Diversity) Three-quarters of California’s oil is as climate-damaging as Canadian tar sands crude, according to a Center for Biological Diversity report released today at the United Nations climate change conference in Bonn, Germany. Oil Stain: How Dirty Crude Undercuts California’s Climate
November 10, 2017 Read Full Article
The United States of Oil and Gas
by Tim Meko and Laris Karklis (The Washington Post) There are more than 900,000 active oil and gas wells in the United States, and more than 130,000 have been drilled since 2010, according to Drillinginfo, a company that provides data and
February 15, 2017 Read Full Article
Oil Demand Won't Peak before 2040, Despite Paris Deal: IEA
by Amanda Cooper (Reuters) The International Energy Agency expects global oil consumption to peak no sooner than 2040, leaving its long-term forecasts for supply and demand unchanged despite the 2015 Paris Climate Change Agreement entering into force. ... But while demand for oil
November 18, 2016 Read Full Article
Trump Can Make the U.S. Energy-Independent—If He Goes Green
by Geoffrey Smith (Fortune) The U.S. can realize President-elect Donald Trump’s dream of independence from foreign oil “foes” and “cartels”–but he likely won’t live to see it unless he embraces the kinds of policies he’s campaigned against, according to a
November 17, 2016 Read Full Article
Oil Bankruptcies Leave Lenders With ‘Catastrophic’ Recovery Rate
by Rebecca Penty (Bloomberg) Rate of 21% in 2015 compares to average of 59% previously; Bankruptcies so far this year are double last year’s total -- U.S. oil bankruptcies haven’t been this “catastrophic” for lenders in a long time, in what
September 14, 2016 Read Full Article
Biofuels Not Contributing to Decline in Bee Habitat
(WNAX) A new study from the National Academy of Sciences says the expansion of corn and soybean acres to supply feed stock for biofuels is hampering habitat for bees. Renewable Fuels Association President Bob Dinneen says the study findings don’t make
September 09, 2016 Read Full Article
Oklahoma Quake Prompts Shutdown of Gas-Linked Wells
by Doug Stranglin (USA Today) One of the largest earthquakes in Oklahoma rattled the Midwest on Saturday all the way from Nebraska to North Texas. -- Oklahoma regulators on Saturday shut down 37 wastewater wells connected to oil and gas production
September 06, 2016 Read Full Article
Oil Industry Faces Huge Worker Shortage
by Nick Cunningham (OilPrice.com) ... one reason that U.S. shale production won’t necessarily spring into action in short order is because the people and equipment that were sidelined over the past two years can’t come back at a moment’s notice. Oilfield service
July 15, 2016 Read Full Article
'Status Quo': Shell Spews Nearly 90,000 Gallons of Oil into Gulf of Mexico in Latest Spill
by Nika Knight (CommonDreams.org) 'This spill shows why there is a new and vibrant movement in the Gulf of Mexico for no new drilling' -- Royal Dutch Shell's offshore drilling operations were pouring oil into the Gulf of Mexico on
May 16, 2016 Read Full Article
New Bill Would Keep Fossil Fuel Reserves On Public Lands In The Ground
by Katie Valentine (Think Progress) ... Sen. Jeff Merkley (D-OR), along with Senator and presidential candidate Bernie Sanders, is introducing a bill Wednesday that would bar new leases on coal, gas, oil, and tar sands extraction on public lands in
November 06, 2015 Read Full Article
Top 6 Myths Driving Oil Prices Down
by By Leonard Brecken (OilPrice.com) ... Earlier in the year I documented half a dozen media reports which turned out to be 100 percent false. Now I expose another half dozen in just the past few weeks. Prices remain unchanged as a
August 04, 2015 Read Full Article
More unused oil, gas wells linger without permanent seals increasing risk
by Jeff Donn (Associated Press/Los Angeles Daily News) Five years after the Obama administration promised to move swiftly to permanently plug unused oil and gas wells in the Gulf of Mexico, even more shafts are lingering for longer periods with
July 20, 2015 Read Full Article
Know Your Oil: Creating a Global Oil-Climate Index
by Deborah Gordon, Adam Brandt, Joule Bergerson, Jonathan Koomey (Carnegie Endowment for International Peace) Oil is changing. Conventional oil resources are dwindling as tight oil, oil sands, heavy oils, and others emerge. Oil is changing. Conventional oil resources are dwindling and technological
March 30, 2015 Read Full Article
A Global Warming President Presides Over a Drill-Baby-Drill America
by Michael T. Klare (Huffington Post) … U.S. oil consumption is on an upward trajectory, climbing by 400,000 barrels per day in 2013 alone -- and, if current trends persist, it should rise again both this year and next. … Accompanying all this is a little noticed
September 08, 2014 Read Full Article
Ethanol Improving While Oil Gets Worse
by Joanna Schroeder (DomesticFuel.com) The House and Energy Commerce Committee has released its third white paper on the Renewable Fuel Standard, “Greenhouse Gas Emissions and Environmental Impacts.” Executive Vice President of the American Coalition for Ethanol (ACE), Brian Jennings, responded with written
May 28, 2013 Read Full Article
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