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CHART OF THE WEEK: The Surprising Drop In U.S. Crude Oil Production
CHART OF THE WEEK: The Surprising Drop In U.S. Crude Oil Production U.S. crude oil production experienced a surprising drop last week, even though domestic demand for oil and petroleum products increased. This came as a surprise to some energy analysts. Furthermore, the IEA, International Energy Agency came out with a forecast for global oil demand […]
California Forced Into Rolling Blackouts As Heatwave Sparks First “Stage 3” Energy Crisis In 20 Years
California Forced Into Rolling Blackouts As Heatwave Sparks First “Stage 3” Energy Crisis In 20 Years While the rest of the country was distracted by the stimulus talks and the ongoing coronavirus situation, another deadly wildfire season has begun in California. And with the state’s prison population in the grips of an uncontrolled outbreak that […]
Thousands of Quakes, Tied to Fracking, Keep Shaking the Site C Dam Region
Thousands of Quakes, Tied to Fracking, Keep Shaking the Site C Dam Region Several recent reports on the tremors add to concerns about the mega-project’s stability. An artist’s rendering of the Site C Dam upon completion, a vision of the future rattled by thousands of tremors in the region triggered by fracking. Image via BC Hydro. […]
Alberta’s Environment Minister Cheered on Coal Mining in New Areas before Restrictions Were Dropped
Alberta’s Environment Minister Cheered on Coal Mining in New Areas before Restrictions Were Dropped Months before ending the Coal Policy, the Kenney government issued letters of support for open-pit projects. Coal mining along Alberta’s Rockies. Months before a large zone along the eastern slopes was opened to coal strip mining, two Alberta ministers endorsed an […]
Wireless charging: A colossal waste of energy
Wireless charging: A colossal waste of energy It turns out the cellphone industry believes its customers just can’t be bothered with setting their phones in charging cradles or worse yet, actually plugging a charging cord into a phone. Users can now simply place a phone on top of a wireless charging pad to get their […]
Is The OPEC+ Alliance Coming To An End?
Is The OPEC+ Alliance Coming To An End? It’s been a wild and bumpy ride for OPEC+ this year. The consortium, consisting of the traditional members of the Organization of the Petroleum Exporting Countries plus oil and gas superpower Russia, was largely responsible for the huge collapse in oil prices toward the end of April. After […]
Coastal GasLink Gets Green Light to Start Pipeline Work Near Unist’ot’en Healing Centre
Coastal GasLink Gets Green Light to Start Pipeline Work Near Unist’ot’en Healing Centre BC approves impact studies and calls for consultation with Wet’suwet’en as work proceeds in contested area. The province’s Environmental Assessment Office has granted Coastal GasLink permission to begin pipeline construction near the Unist’ot’en Healing Centre, the scene of a standoff and arrests in February. […]
I’m Sian, and I’m a fossil fuel addict: on paradox, disavowal and (im)possibility in changing climate change
I’m Sian, and I’m a fossil fuel addict: on paradox, disavowal and (im)possibility in changing climate change Once upon a time in the wild west Sometimes life brings experiences that give pause for thought. In recent years I have returned to west Namibia to work with elders of families I’ve known for over almost 30 […]
US Crude Oil Production Plunged Most Ever, Natural Gas Followed: The Great American Oil & Gas Bust, Phase 2
US Crude Oil Production Plunged Most Ever, Natural Gas Followed: The Great American Oil & Gas Bust, Phase 2 Precisely what’s needed to end the price collapse. But last time, it wasn’t long before Wall Street liquidity surged back into shale, starting the cycle all over again. US crude oil production in May plunged […]
As Trump Leaves Permian Oilfield, Industry Insiders Question If 2020 Bust Marks Texas Oil’s Last Big Boom
As Trump Leaves Permian Oilfield, Industry Insiders Question If 2020 Bust Marks Texas Oil’s Last Big Boom Yesterday, President Trump left Midland, Texas, after arriving in the state’s Permian oilfield region for a $2,800 a plate luncheon and a “roundtable” that required each participant to pony up $100,000. The west Texas Mr. Trump left behind bears little resemblance […]
Fort Nelson’s Gas Boom Went Bust. Who’s Going to Clean Up?
Fort Nelson’s Gas Boom Went Bust. Who’s Going to Clean Up? Ottawa has announced money to clean up the oil and gas industry’s old wells and infrastructure, but critics say it’s not enough. In the face of the economic fallout from COVID-19, it’s easy to forget that some communities in British Columbia were in deep […]
US Threatens European backers of Nord Stream 2 Pipeline, NATO in DC’s Crosshairs
US Threatens European backers of Nord Stream 2 Pipeline, NATO in DC’s Crosshairs The Nord Stream 2 pipeline is nearing completion despite all the best efforts by the U.S. to stop its construction, causing a rift between Washington and its largest European ally and the potential end of NATO. The U.S. is starting to fret […]
NordStream 2 splits the Western World
NordStream 2 splits the Western World If we were to paint the current situation with a broad brush, we would receive the following simplified picture. The European Union is split into two camps: the old and new member states. The West is split across the Atlantic: it is – roughly – Washington against Paris and […]
Chevron Shares Slide After Recording Historic Quarterly Loss
Chevron Shares Slide After Recording Historic Quarterly Loss Chevron Corporation reported a loss of $8.3 billion for the second-quarter 2020, the worst quarterly decline in a generation, and warned: “COVID-19 significantly reduced demand for our products and lowered commodity prices.” Chevron lost $1.59 per share on an adjusted basis while recording revenues around $13.49 billion. In the same quarter last year, […]
