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Tag Archives: Justin Mikulka
This Federal Policy Enabled the Fracking Industry’s $280 Billion Loss
This Federal Policy Enabled the Fracking Industry’s $280 Billion Loss Most people probably aren’t familiar with the acronym ZIRP. It stands for zero interest rate policy and is the policy that unintentionally created the American fracking bubble — just one of its many consequences. And while most people may not know much (if anything) about ZIRP […]
GOP Tax Law Bails Out Fracking Companies Buried in Debt
GOP Tax Law Bails Out Fracking Companies Buried in Debt EOG Resources is one of the top companies in the fracking industry, and thanks to the new tax bill passed by Republicans and President Donald Trump at the end of last year, EOG had an exceptionally strong year compared to 2016. In 2017, the company reported a net income of […]
The Secret of the Great American Fracking Bubble
The Secret of the Great American Fracking Bubble In 2008, Aubrey McClendon was the highest paid Fortune 500 CEO in America, a title he earned taking home $112 million for running Chesapeake Energy. Later dubbed “The Shale King,” he was at the forefront of the oil and gas industry’s next boom, made possible by advances in fracking, which […]
Aliso Canyon Disaster Highlights Risks, Inadequate Safety Rules Governing Natural Gas Storage
Aliso Canyon Disaster Highlights Risks, Inadequate Safety Rules Governing Natural Gas Storage A recent report spearheaded by researchers at the University of Southern California blames the largest greenhouse gas leak in U.S. history on dysfunctional management and poor regulatory oversight. Southern California Gas (SoCalGas) is the company that operates the Aliso Canyon natural gas storage facility near the Los […]
Canada’s Pipeline Challenges Will Force More Tar Sands Oil to Move by Rail
Canada’s Pipeline Challenges Will Force More Tar Sands Oil to Move by Rail The Motley Fool has been advising investors on “How to Profit From the Re-Emergence of Canada’s Crude-by-Rail Strategy.” But what makes transporting Canadian crude oil by rail attractive to investors? According to the Motley Fool, the reason is “… right now, there is so much excess oil being […]
The Manhattan Institute’s Joke of a Wall Street Journal Op-Ed
The Manhattan Institute’s Joke of a Wall Street Journal Op-Ed A new report by Oren Cass of the Manhattan Institute for Policy Research dismisses predictions of the impacts of a warming world with a simple solution: When climate change turns up the heat, people just need to turn on their air conditioners. From his analysis, “Overheated: How […]
Safety Officials Order Partial Shutdown of Sabine Pass LNG Export Facility After Discovering 10-Year History of Leaks
Safety Officials Order Partial Shutdown of Sabine Pass LNG Export Facility After Discovering 10-Year History of Leaks Sabine Pass, the only liquefied natural gas (LNG) export facility in the country, has reportedly been experiencing safety issues for the past decade, and yet federal safety officials were only informed of this history while investigating the terminal’s latest […]
Is This New Tar Sands Technology a Game Changer for Exporting Canada’s Bitumen?
Is This New Tar Sands Technology a Game Changer for Exporting Canada’s Bitumen? A new technology has the potential to transform the transportation of tars sands oil. Right now, the already thick and slow-flowing oil, known as bitumen, has to be diluted with a super-light petroleum product, usually natural gas condensate, in order for it to flow […]
Will Canada’s Latest Boom in Tar Sands Oil Mean Another Boom for Oil-by-Rail?
Will Canada’s Latest Boom in Tar Sands Oil Mean Another Boom for Oil-by-Rail? Nothing seems able to derail the rise in Canadian tar sands oil production. Low prices, canceled pipelines, climate realities, a major oil company announcing it will no longer develop heavy oils, divestment, and now even refusals to insure tar sands pipelines have all certainly slowed […]
Welfare Kings? Study Finds Half of New Oil Production Unprofitable Without Government Handouts
Welfare Kings? Study Finds Half of New Oil Production Unprofitable Without Government Handouts A new study published in the peer-reviewed journal Nature Energy found that 50 percent of new oil production in America would be unprofitable if not for government subsidies. The study, performed by researchers at the Stockholm Environment Institute and Earth Track, Inc., found that, at […]
What Have We Learned From the Lac-Megantic Oil Train Disaster?
What Have We Learned From the Lac-Megantic Oil Train Disaster? Brian Stevens first learned about the Lac-Megantic disaster — in which an unattended oil train caught fire and exploded, killing 47 people in the Quebec town — when he saw the news reports on TV. Stevens is currently National Rail Director for Unifor, Canada’s largest private sector union, but […]
Luck Rides The Rails: Another Near Miss with an “Insane” Bakken Oil Bomb Train
Luck Rides The Rails: Another Near Miss with an “Insane” Bakken Oil Bomb Train Luck was in abundance on Friday in Mosier, Oregon where the latest Bakken oil train derailed and erupted into flames near a 50-home residential area and a school. As Mosier Fire Chief Jim Appleton said, “Mosier really dodged a bullet in the last […]
Top Obama Energy Official Says Administration Rejects “Keep It In The Ground” As Climate Strategy
Top Obama Energy Official Says Administration Rejects “Keep It In The Ground” As Climate Strategy “We’re certainly not advocating any strategy for reducing hydrocarbon emissions by keeping oil in the ground…that’s not a position.” This was the response of Christopher A. Smith when he was asked what he thought of the “growing movement of keeping oil […]
Major Investors Pressure ExxonMobil to Consider Climate Impacts
Major Investors Pressure ExxonMobil to Consider Climate Impacts “For the first time, in my memory, we are actually seeing oil and gas majors talk about climate change as an existential threat. Today for example the minister for oil and gas for Saudi Arabia, Ali Al-Naimi, actually got up on stage in front of this entire group and […]
Nationwide Resistance To Crude Oil ‘Bomb Trains’ Gaining Momentum
Nationwide Resistance To Crude Oil ‘Bomb Trains’ Gaining Momentum The speed and scale with which the oil and rail industries created the North American oil-by-rail infrastructure was impressive. And amazingly under the radar for the most part — until the trains started derailing and blowing up — leading to articles with titles like “The Invisible Bomb Trains.” […]
