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Tag Archives: oil and gas industry
$10 Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC
$10 Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note […]
Why Big Oil Should Kill Itself
Why Big Oil Should Kill Itself LONDON – Now that oil prices have settled into a long-term range of $30-50 per barrel (as described here a year ago), energy users everywhere are enjoying an annual income boost worth more than $2 trillion. The net result will almost certainly accelerate global growth, because the beneficiaries of this enormous income […]
Oil Bankruptcies Hit Highest Level Since Crisis And There’s “More To Come”, Fed Warns
Oil Bankruptcies Hit Highest Level Since Crisis And There’s “More To Come”, Fed Warns “Two things become clear in an analysis of the financial health of US hydrocarbon production: 1) the sector is not at all homogenous, exhibiting a range of financial health; 2) some of the sector indeed looks exposed to distress [and] lifelines […]
How Oil Industry Lobbyists Played the Long Game to Access a Fuel-Rich Corner of Alaskan Wilderness
How Oil Industry Lobbyists Played the Long Game to Access a Fuel-Rich Corner of Alaskan Wilderness Joseph Sohm / Shutterstock This story was co-published by ProPublica and Politico Magazine. From his seat in the small plane flying over the largest remaining swath of American wilderness, Bruce Babbitt thought he could envision the legacy of one of his proudest achievements as […]
The Next Domino: CANADA
The Next Domino: CANADA The Federal Reserve has kept its zero interest rate policy (‘ZIRP’) for several years (and much longer than originally anticipated) whilst the European Central Bank seems to be getting serious about doing ‘better’ and has now reduced the deposit rate at the ECB to -0.30%. It’s already remarkable a central bank doesn’t seem […]
Climate Activists Announce Global Campaign of Civil Disobedience to “Break Free From Fossil Fuels”
Climate Activists Announce Global Campaign of Civil Disobedience to “Break Free From Fossil Fuels” Climate justice and environmental campaigners announced plans today at COP21 in Paris to escalate the number of non-violent civil disobedience actions against fossil fuel projects over the next year. The groups are planning a concentrated week of global actions in May of 2016. […]
In Greenpeace Sting, Professors Agree to Produce Research for Fossil Fuel Industry Without Disclosure
In Greenpeace Sting, Professors Agree to Produce Research for Fossil Fuel Industry Without Disclosure “How much have you taken from Peabody Coal?” That was the question Greenpeace researcher Jesse Coleman asked prominent climate change skeptic and Princeton physicist William Happer in a Senate hearing room Tuesday afternoon, just as Happer was preparing to testify before Sen. Ted […]
Western firms plan to cash in on Syria’s oil and gas ‘frontier’
US-led coalition forces carry out a large-scale attack on Syria’s Omar oil field Western firms plan to cash in on Syria’s oil and gas ‘frontier’ US, British, French, Israeli and other energy interests could be prime beneficiaries of military operations in Iraq and Syria designed to rollback the power of the ‘Islamic State’ (ISIS) and, […]
Impacts of Turkey’s Aggression against Russia. The “Turkish Stream” is Dead. Disruption of Gas Pipeline Routes to the EU. Russia’s Economy in Crisis?
Impacts of Turkey’s Aggression against Russia. The “Turkish Stream” is Dead. Disruption of Gas Pipeline Routes to the EU. Russia’s Economy in Crisis? “Regime change” in Ukraine engineered by the US State Department was largely responsible for the collapse of the “South Stream” gas pipeline project. Washington’s intent was to establish a de facto blockade […]
Perfect storm heads for fossil fuel assets
Perfect storm heads for fossil fuel assets A natural gas refinery next to a cemetery in New Mexico, US. Image: Christina Xu via Flickr Coal, oil and gas sectors warned that trillions of dollars of assets could be stranded if a global agreement on limiting climate change is reached at the UN summit in Paris. LONDON, 25 November, […]
Groundwater Not as Renewable as Thought, Study Finds
Groundwater Not as Renewable as Thought, Study Finds Findings ‘a call to better manage and protect the resource,’ says UVic researcher. Just over 40 per cent of Canada’s agricultural productivity depends on groundwater. Irrigation photo via Shutterstock. Groundwater, the globe’s most dependable water insurance system, is not as renewable as researchers once thought and its availability varies […]
Poor Quarter for Canada’s Oilfield Services
Poor Quarter for Canada’s Oilfield Services It was a jungle out there for the Canadian oilfield services (OFS) industry in the third quarter of the current fiscal year ended September 30, 2015. For a group of 25 diversified, publicly traded Canadian OFS companies, combined revenue declined 38.5 percent from $6.6 billion in 2014 to only […]
Can We Afford the Future?
Can We Afford the Future? Broken road image via shutterstock. Reproduced at Resilience.org with permission. As a child of the 1950s I grew up immersed in a near-universal expectation of progress. Everybody expected a shiny new future; the only thing that might have prevented us from having it was nuclear war, and thankfully that hasn’t happened […]
Right Again, Pt. 1
Right Again, Pt. 1 Human nature being what it is, predictably there are those who still harbor doubts about certain issues pertaining to current and future fossil fuel supplies. There is, however, no doubt that there’s an over-abundance of juvenile, fact-free nonsense passing as gospel truth from industry cheerleaders and media counterparts. To whose benefit […]
‘Northern Gateway Will Never Happen’: Oil Spill Consultant
‘Northern Gateway Will Never Happen’: Oil Spill Consultant Activists cheered Trudeau’s tanker ban Friday for ‘effectively stopping the Enbridge Northern Gateway pipeline.’ Photo by Jackie Dives. Trudeau-ordered ban on north coast oil tankers expected to kill Enbridge pipeline. Conservationists are heralding the federal government’s decision to ban crude oil tanker traffic along British Columbia’s north […]
