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These are the world’s greatest threats in 2021
These are the world’s greatest threats in 2021 Environmental threats are among some of the most pressing. Image: REUTERS/Adrees Latif Billions are at risk of missing out on the digital leap forward, as growing disparities challenge the social fabric. In the medium-term, the global economy will be threatened by the knock-on effects of the coronavirus […]
Oil Tanker Owners Pay to Move Crude in Wake of Supply Cuts
Oil Tanker Owners Pay to Move Crude in Wake of Supply Cuts (Bloomberg) — Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s main trade route. Supertankers delivering 2-million-barrel shipments of the kingdom’s oil to China are losing […]
How BC’s Fossil Fuel Fights Link to a String of Wins in the US
How BC’s Fossil Fuel Fights Link to a String of Wins in the US A thin green line with global impact. Latest in a series on creating a zero-carbon bioregion. Familiar mood, different Vancouver. Protesters block an oil-carrying train in Vancouver, Washington in 2016 — part of a two-decade movement spanning Alaska to California. Photo: Alex […]
Electricity Has Been in a Slump for 14 Years, But All Heck Has Broken Loose in How it’s Generated
Electricity Has Been in a Slump for 14 Years, But All Heck Has Broken Loose in How it’s Generated Electricity generating capacity additions & retirements in 2021, and the long-term change in the power mix. In 2021, developers and power plant owners plan to bring 39.7 gigawatts (GW) of new electricity generating capacity on line, […]
Cascadia Was Poised to Lead on Climate. Can It Still?
Cascadia Was Poised to Lead on Climate. Can It Still? BC, Washington and Oregon all aimed to slash emissions. After epic battles, they failed. First in a series on creating a zero-carbon bioregion. Aji Piper, now 20, was 15 when he joined a lawsuit against the US government for failing on climate change. Here he […]
Peak Oil? Drivers—and Voters—Could Delay It for Years
Peak Oil? Drivers—and Voters—Could Delay It for Years Investors and politicians have made their views clear about oil’s uncertain future. Consumers, not so much. Drivers traverse the 405 freeway at night in California. The fate of the oil industry depends as much, or more, on consumers as it does on politicians and policymakers. PHOTO: PATRICK T. […]
Update on the WTF Collapse of Gasoline & Jet Fuel Consumption: The Holiday Period
Update on the WTF Collapse of Gasoline & Jet Fuel Consumption: The Holiday Period Long-term structural issues have long dogged these fuels. Then came the Pandemic. During the holiday shopping and travel period in December and early January, ten months into the Pandemic, gasoline consumption in the US was down about 12% from a year […]
Spanish Energy Markets Roiled Amid Chilling Temps
Spanish Energy Markets Roiled Amid Chilling Temps A cold snap across Spain is expected to last through mid-January has resulted in natural gas prices more than doubling in the last week, according to Bloomberg. LNG prices trading at Spain’s Punto Virtual de Balance (PVB) gas trading hub hit a record 51.55 euros ($63.13) a megawatt-hour this week, […]
The Real Crisis For Oil Is Yet To Come
The Real Crisis For Oil Is Yet To Come Italian energy major, Eni, described 2020 as a “year of war”, regarding the energy crisis experienced in the face of a global pandemic. But it may be too soon to see the issues faced last year as a thing of the past. Eni is committing to lower the […]
Is Covid-19 providing cover for Jay Hanson’s Society of Sloth?
Is Covid-19 providing cover for Jay Hanson’s Society of Sloth? Gail Tverberg made a comment today that rings true and motivated me to write about something I’ve been mulling for a while… https://ourfiniteworld.com/2020/12/23/2020-the-year-things-started-going-badly-wrong/comment-page-24/#comment-274042 I think the reaction to COVID-19 is part of how a self-organizing system works. People were looking for a reason to cut back/shut […]
Crude Oil Flow From Saudi Arabia To U.S. Falls To Zero
Crude Oil Flow From Saudi Arabia To U.S. Falls To Zero For the first time in 35 years, no oil flowed from Saudi Arabia to the United States last week, according to EIA data, in a show that the United States—at least for now—isn’t as reliant on oil from the Middle East like it used […]
Britain’s National Grid forecasts tight electricity margins for Wednesday
Britain’s National Grid forecasts tight electricity margins for Wednesday LONDON (Reuters) – Britain’s National Grid, which is responsible for ensuring supply and demand are balanced in Britain’s energy systems, has issued a tight electricity margin notice for Wednesday afternoon and evening. In a market message, National Grid said there is a reduced margin between the […]
Unplugged: Abandoned oil and gas wells leave the ocean floor spewing methane
Unplugged: Abandoned oil and gas wells leave the ocean floor spewing methane The Gulf of Mexico is littered with tens of thousands of abandoned oil and gas wells, and toothless regulation leaves climate warming gas emissions unchecked. Out on the deck of a research boat, Tara Yacovitch looked out to the water. In the middle […]
