by Isaac Arnsdorf (Washington Post) Donald Trump said during his speech at Mar-a-Lago he would name North Dakota Gov. Doug Burgum to lead the Interior Department. A formal announcement will come on Friday, he said. READ MORE Related artices (see also White House for information
shale oil
Back TO HOMEEXCLUSIVE New York Pension Fund to Divest Half Its Shale Companies
by Ross Kerber (Reuters) ... "To protect the state pension fund, we are restricting investments in companies that we believe are unprepared to adapt to a low-carbon future," (New York Comptroller Thomas) DiNapoli said in a statement sent by a
February 11, 2022 Read Full Article
Argentina Plans to Extend Biodiesel, Ethanol Blends
by Charles Newbery (S&P Global Platts) Requirement was to expire in May; Blends now at 10% in gasoline, 12% in diesel; Improvements planned for blend regime -- Argentina's President Alberto Fernandez said his administration is working on a bill to extend a mandatory
February 12, 2021 Read Full Article
Chevron CEO Vows Higher Returns, Lower Carbon to Revive Big Oil
by Kevin Crowley and Caroline Hyde (Bloomberg/Yahoo! Finance) ... One thing investors can’t count on is for Chevron to announce any long-term targets to eliminate or severely reduce emissions, as rivals Royal Dutch Shell Plc and BP Plc have. Chevron’s
December 08, 2020 Read Full Article
The Pandemic Could End Texas’s Oil Boom—and Start Something Better: Profits from the Permian Basin Are Falling and Renewable Energy Is Surging. Here’s What That Means for the Lonestar State’s Future.
by Justin Miller (Texas Observer/Popular Science) ... Thousands flocked to the region to get a piece of the boom. “You could be someone with no college degree, no high school diploma … and get out here and make $50,000
October 06, 2020 Read Full Article
ExxonMobil Focused on Core Oil and Gas as Renewable Returns Too Weak: Official
(Energy Market Price/S&P Global) ExxonMobil remains focused on growing its core oil and gas business as alternative renewable energies are mostly unable to offer attractive rates of return compared to hydrocarbons, a top official at the US oil giant said
October 02, 2020 Read Full Article
Republicans Back Bill to Help Oil Sector
by Kelsey Tamborrino (Politico's Morning Energy) REPUBLICANS BACK BILL TO HELP OIL SECTOR: Texas Sen. John Cornyn introduced legislation on Tuesday to help the hard-hit oil sector during the coronavirus pandemic by reducing the royalty rate for payments due from oil, gas, minerals and coal
June 24, 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
Bioenergy: The Great Continuum
by Gerard J. Ostheimer and Douglas L. Faulkner (below50/“the Clean Tech Conservative”/Leatherstocking LLC/Biofuels Digest) ... (W)e would like to point out a number of anniversaries put biofuels and bio-based products into a deeper and provocative historical context: 85 years ago,
June 02, 2020 Read Full Article
Energy Transition to Be Shaped by World Response to COVID-19
by Allison Good, Taylor Kuykendall and Dan Testa (S&P Global) ... The coronavirus pandemic may accelerate a shift from fossil fuel spending to investments in renewable energy, but the pace of that transition depends heavily on how governments direct economic recovery
May 04, 2020 Read Full Article
Virus Weakens Markets for Renewable Energy -- Industries Press Pause on Steep Growth Trajectory
by Melody M. Bomgardner (Chemical & Engineering News) ... Unlike fossil energy sources like US shale oil, where many operators may go bankrupt, renewables are poised to rebound as soon as demand returns—likely next year. The cratering price of oil has
April 10, 2020 Read Full Article
White House Likely to Pursue Federal Aid for Shale Companies Hit by Oil Shock, Coronavirus Downturn
by Jeff Stein, Will Englund, Steven Mufson and Robert Costa (Washington Post) ... The White House is strongly considering pushing federal assistance for oil and natural gas producers hit by plummeting oil prices amid the coronavirus outbreak, as industry officials close
March 10, 2020 Read Full Article
Flood of Oil Is Coming, Complicating Efforts to Fight Global Warming
by Clifford Krauss (New York Times) A surge of oil production is coming, whether the world needs it or not. The flood of crude will arrive even as concerns about climate change are growing and worldwide oil demand is slowing. And it
November 04, 2019 Read Full Article
Oil Firms to Pour Extra 7m Barrels per Day into Markets, Data Shows
by Jonathan Watts, Jillian Ambrose and Adam Vaughan (The Guardian) Projected production surge in next 12 years to be led by Shell despite climate crisis; Video: why we need political action to rein in the fossil fuel industry; Timeline: Half a century
October 10, 2019 Read Full Article
Ethanol’s Impact Lauded in Wake of Saudi Attack
by Candace Krebs (Ag Journal) ... “What people don’t realize is that shale provides a particular very light type of oil, and we can’t use that exclusively with the way our refineries are configured,” explains Scott Richman, chief economist for the
October 03, 2019 Read Full Article
U.S. Oil Companies Find Energy Independence Isn’t So Profitable
by Clifford Krauss (New York Times) ... In the last four years, roughly 175 oil and gas companies in the United States and Canada with debts totaling about $100 billion have filed for bankruptcy protection. Many borrowed heavily when oil and
July 01, 2019 Read Full Article
Governor Jay Inslee Rolls Out More Climate Policy
(Our Daily Planet) When it comes to climate policy, Governor Jay Inslee already has a plan to address nearly every element of the climate crisis, but on Monday he rolled out a new one — this time aimed at creating “Freedom from Fossil
June 25, 2019 Read Full Article
The Permian Basin Is Booming With Oil. But at What Cost to West Texans?
by Christian Wallace (Texas Monthly) ... I was riding shotgun with Josh Snow, an old friend who’s worked his way up the ranks at his father’s independent oil company. The two of us were driving the thirty-mile stretch from our hometown
May 31, 2019 Read Full Article
Immovable Objects: Railroad Delays ...
by Matt Thompson (Ethanol Producer Magazine) Railroad delays in 2014 forced ethanol plants to slow production or find other ways to move their products. Four years later, the situation has improved, but rail traffic is on the rise again. ... In late 2013
December 06, 2018 Read Full Article
Global Oil Demand under Growing Threat from Electric Cars, Cleaner Fuel
by Amanda Cooper (Reuters) Oil demand seen peaking in 2040 at 106.3 mln bpd - IEA; Demand forecast raised by over 1 mln bpd vs last year; But electric cars, fuel efficiency to have bigger impact -- Electric vehicles and more efficient fuel technology
November 18, 2018 Read Full Article
Exclusive Report: The Federal Biofuel Mandate ‘Has Failed To Achieve Its Policy Goals’
by Michael Bastasch (The Daily Caller) The federal biofuel mandate “has failed to achieve its policy goals while imposing significant other costs on consumers,” according to a new report. Americans paid out nearly $77 billion in additional fuel costs over the last 10
April 19, 2018 Read Full Article
'Keep It In The Ground' Activists Optimistic Despite Oil Boom
by Jeff Brady (National Public Radio) The United States oil business is booming and the country could soon be the largest crude oil producer in the world. Despite this record-breaking production, climate change activists campaigning to move away from fossil fuels
March 16, 2018 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 Next Oil Price Spike May Cripple The Industry
by Andreas de Vries & Salman Ghouri (OilPrice.com) Two diametrically opposed views dominate the current debate about where the oil price is heading. On the one hand, there is the view that the price of oil will be “lower for
August 24, 2017 Read Full Article
Behind the Battle for Octane
by Denton Cinquegrana (Oil Price Information Service(OPIS)) What you need to know as the refining, agricultural and auto industries gear up to vie for their piece of a multi-billion-dollar market -- Premium gasoline has clearly become a sought-after commodity for U.S.
August 22, 2017 Read Full Article
Taking Stock of Texas Shale
by Anthony Adragna (Politico's Morning Energy) The Academy of Medicine, Engineering & Science of Texas is today releasing a report examining the environmental and community impacts of shale production in that state. Key findings: Texas produced more oil in 2015
June 19, 2017 Read Full Article
The Energy 202: Trump Administration Has New Energy Buzzword
by Dino Grandoni (The Washington Post) In the Trump administration, “energy dominance” has replaced “energy independence” as the go-to phrase for describing the federal government’s broad energy goals -- in President Trump’s case, to promote as much oil, gas and coal
May 26, 2017 Read Full Article
Remove the Ethanol Albatross from around the Necks of U.S. Consumers: Robert W. Chase (Opinion)
by Rob W. Chase (Cleveland.com) ... Less than 5 percent of all service stations in the United States offer ethanol-free gasoline. Almost all the gasoline sold nationally is E10 (10 percent ethanol, 90 percent gasoline). And some of the biofuel being sold is 15
May 01, 2017 Read Full Article
Intersecting Trends of Oil and Ethanol
by Patrick C. Miller (Ethanol Producer Magazine) Is the growth in shale oil production a potential boost for ethanol? The theory goes that because the light crude produced from fracked shale produces lower-octane gasoline, greater oil production from shale will translate
April 24, 2017 Read Full Article
Thousands of Spills at US Oil and Gas Fracking Sites
By Matt McGrath (BBC) Up to 16% of hydraulically fractured oil and gas wells spill liquids every year, according to new research from US scientists. They found that there had been 6,600 releases from these fracked wells over a ten-year period
February 22, 2017 Read Full Article
INTERVIEW-Argentina Could Double Percentage of Ethanol in Fuels -Official
by Maximilian Heath (Reuters) Argentina in the next two to three years could double the proportion of ethanol used in gasoline from the current 12 percent of the blend, a government official told Reuters. If the government goes forward with the
February 16, 2017 Read Full Article
The Oil War Is Only Just Getting Started
by Tsvetana Paraskova (OilPrice.com) ... Although this view that low-cost producers would try to seize more market share comes from an oil major with significant interests in Russia and Iraq, for example, BP may not be wrong in predicting that the
February 03, 2017 Read Full Article
Not So Prolific: U.S. Shale Faces A Reality Check
by Nick Cunningham (OilPrice.com) ... Speaking at the National Oil-equipment Manufacturers and Delegates Society (NOMADS) in Houston a few months ago, IHS Markit’s associate direct for Plays and Basins, Reed Olmstead, poked holes in the notion that the industry has dramatically
December 13, 2016 Read Full Article
America’s Most Prolific Gas Play Needs 50 Rigs to Keep Booming
by Ari Natter and James Rowley (Bloomberg) ... Fifty rigs need to be drilling for natural gas in America’s most prolific shale region to keep production of the fuel from falling — and by one explorer’s count, they’re already below
November 07, 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
Refiner Cuts Costs, Offers Buyouts as Ethanol Credits Rise
by Barbara J Powell (Bloomberg) ... RINS aren’t the real problem for the Philadelphia refinery, Robert Campbell, head of oil products research for London-based Energy Aspects, said in a telephone interview today. “East Coast refiners are not particularly competitive in this
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
Biofuels versus Gasoline: The Emissions Gap Is Widening
(Environmental and Energy Study Institute) ... Many respected laboratories, agencies, and researchers have used a lifecycle analysis to show that biofuels, particularly advanced biofuels, provide significant carbon benefits compared to gasoline. These benefits have increased in recent years, as biofuels have
September 03, 2016 Read Full Article
Understanding Octane Value in North America
by Tyler Wilson and Uday Turaga (ADI Analytics) The value of an octane barrel has risen significantly in recent years going from $2.30 in 2010 to $3.58 in 2015. This has surprised industry analysts since the refining industry has been blending
July 18, 2016 Read Full Article
OPEC Is Winning the Market Share War
by Summer Said (The Wall Street Journal) Middle Eastern oil production rose to a record-high of 31.5 million barrels a day in June -- The Middle East is back as the world’s dominant oil-producing region, a report said Wednesday, churning
July 18, 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
When the Wind Blows: Tracking Toxic Chemicals in Gas Fields and Impacted Communities
(Coming Clean) When the Wind Blows: Tracking Toxic Chemicals in Gas Fields and Impacted Communities is a report documenting Coming Clean’s collaborative, community-based research project to monitor toxic volatile organic compounds (VOCs) in gas fields in rural Pavillion, Wyoming and
June 16, 2016 Read Full Article
The U.S. Oil and Gas Boom Is Having Global Atmospheric Consequences, Scientists Suggest
by Chelsea Harvey (The Washington Post) Scientists say they have made a startling discovery about the link between domestic oil and gas development and the world’s levels of atmospheric ethane — a carbon compound that can both damage air quality and contribute
April 28, 2016 Read Full Article
U.S. Shale Oil Firms Feel Credit Squeeze as Banks Grow Cautious
by Swetha Gopinath and David Henry (Reuters) Nearly two years into an epic oil rout, U.S. shale drillers that have upended global energy markets are finally feeling a credit squeeze as banks make their biggest cuts yet to their loans. Every
April 12, 2016 Read Full Article
The Shale Reckoning Comes to Oklahoma
by Asjylyn Loder (Bloomberg BusinessWeek) ... The excitement made it easy to ignore one big problem: It was one of the most expensive booms in history. Devon, Chesapeake, SandRidge Energy, and Continental Resources were spending almost $2 drilling for every $1
March 11, 2016 Read Full Article
Despite Record Production, Ethanol Mandate Continues to Cost Public
(Institute for Energy Research) 2015 was a good year for the ethanol industry for both production and blending. According to the Energy Information Administration (EIA), U.S. ethanol producers increased their production 3.4 percent to 14.81 billion gallons in 2015, and
March 10, 2016 Read Full Article
Opinion: South Dakotans Send Ethanol Message
by Orrie Swayze (AgWeek) The idea that shale makes us crude oil independent is an oil industry fantasy that enables us to deny we willfully sacrifice our troops to fight endless Middle East conflicts to support the U.S. addiction to imported
February 23, 2016 Read Full Article
The Highway to High Octane: Ethanol's Attempts to Gain Ground in US Gasoline
by Herman Wang and Jeff Bair (Platts) Capitol Crude: The US Oil Policy Podcast -- The US is likely to raise its gasoline octane standard over the next decade or so, which has the ethanol industry shifting into high gear
February 23, 2016 Read Full Article
Bailout the US Shale Oil/Gas Industry or Fund Clean Sustainable Renewable Transportation? A New Way of Looking at the Options. Press Release
For Immediate Release February 12, 2016—Frederick, MD Advanced Biofuels USA correspondent Robert E. Kozak analyses the potential for a reinvigorated US shale oil/gas industry with and without government subsidies; and compares it to the potential for near-term growth of renewable sustainable clean,
February 16, 2016 Read Full Article
After the Fall: Rebuilding US Liquid Fuel Production - Invest in Our Land or the Shale Oil Fields? (Part 2 of 2)
Efforts to promote a sustainable use of natural resources are not a waste of money, but rather an investment capable of providing other economic benefits in the medium term. If we look at the larger picture, we can see that
February 12, 2016 Read Full Article
U.S. Oil Refiners Look Abroad for Crude Supplies as North Dakota Boom Fades
by Jarrett Renshaw and Catherine Ngai (Reuters) ... North Dakota's Bakken production peaked at 1.153 million barrels per day in June, and had fallen to 1.13 million barrels per day by August, according to state data. The supply restraint has made Bakken
November 04, 2015 Read Full Article
Answers for Your Questions about Low Oil Prices and Renewable Fuels
by Jim Lane (Biofuels Digest) The Digest looks at security and energy security --- ... This week, the head of Russian state intelligence service, Alexander Bortnikov,warned of a potential “invasion of Central Asia”by Taliban or ISIS forces. And, the US and
October 30, 2015 Read Full Article
Analysis Shows Greenhouse Gas Emissions Similar for Shale, Crude Oil
by Tona Kunz (Argonne National Laboratory) The U.S. Department of Energy's Argonne National Laboratory this week released a pair of studies on the efficiency of shale oil production excavation. The reports show that shale oil production generates greenhouse gas emissions
October 28, 2015 Read Full Article
Why Oil Is Cheap in October 2015 (Part 1 of 2)
by Robert E. Kozak* (Advanced Biofuels USA) Conventional wisdom about declining oil prices, mostly originating from US Department of Energy/Energy Information Administration (DOE/EIA), says the fall of oil prices over the past fifteen months is simply a result of an
October 27, 2015 Read Full Article
Bernie Sanders Calls For Federal Investigation Of Exxon
by Emily Atkin (Think Progress) Democratic presidential candidate Sen. Bernie Sanders (I-VT) wants ExxonMobil investigated by the Department of Justice. In a letter to Attorney General Loretta Lynch on Tuesday, Sanders charged the oil giant of engaging in a cover-up
October 21, 2015 Read Full Article
Exxon's Own Research Confirmed Fossil Fuels' Role in Global Warming Decades Ago (Parts 1 and 2)
by Neela Banerjee, Lisa Song and David Hasemyer (Inside Climate News) Top executives were warned of possible catastrophe from greenhouse effect, then led efforts to block solutions. ... This untold chapter in Exxon's history, when one of the world's largest energy
September 17, 2015 Read Full Article
Global Oil Supply More Fragile Than You Think
by Nick Cunningham (OilPrice.com) ... And many companies are also recalculating the oil price needed for new drilling projects to make financial sense. For example, according to the Wall Street Journal, BP is assuming an oil price of $60 per barrel
August 07, 2015 Read Full Article
More Job Losses Coming To U.S. Shale
by By Gaurav Agnihotri (OilPrice.com) ... A recent Bloomberg report stated that U.S. driller’s debts stood at $235 billion at the end of first quarter of 2015, which is quite worrying. Does this mean that the U.S. oil sector is likely to
August 05, 2015 Read Full Article
Drop in Oil Prices Means No Drilling in Canada’s Biggest Shale Reserves
by Robert Tuttle (Bloomberg News) The news was bittersweet for Canada’s Northwest Territories. While the region found out last week that its Canol and Bluefish formations hold Canada’s largest shale oil reserves, the slump in prices means no one’s drilling