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Tag Archives: oil industry
Trump’s ANWR move could spawn epic oil, natural gas battle: Fuel for Thought
Trump’s ANWR move could spawn epic oil, natural gas battle: Fuel for Thought Oil majors thirsty for reserves likely to line up for any lease sale President Trump has uncorked yet another controversy over energy vs the environment and it promises to be a heavyweight battle. The White House budget proposal includes a revenue line […]
Visualizing The World’s Deepest Oil Well
Visualizing The World’s Deepest Oil Well In the world’s deepest gold mine, workers will venture 2.5 miles (4 km) below the Earth’s surface to extract from a 30-inch (0.8m) wide vein of gold-rich ore. While these depths are impressive, Visual Capitalist’s Jeff Desjardins notes that mining is limited by the frailty of the human body.Going much deeper would be incredibly […]
CONTINENTAL RESOURCES: Example Of What Is Horribly Wrong With The U.S. Shale Oil Industry
CONTINENTAL RESOURCES: Example Of What Is Horribly Wrong With The U.S. Shale Oil Industry According to Continental Resources website, it labels itself as America’s oil champion. To be a champion, one is supposed to be winner. Unfortunately for Continental, it’s taking a serious beating and is a perfect example of what is horribly wrong with […]
Made For Each Other
Made For Each Other Don’t be fooled by the idiotic exertions of the Red team and the Blue team. They’re just playing a game of “Capture the Flag” on the deck of the Titanic. The ship is the techno-industrial economy. It’s going down because it has taken on too much water (debt), and the bilge […]
Why Canada’s Oil Industry May Never Be the Same
Why Canada’s Oil Industry May Never Be the Same Never is a long time. The dictionary definition is, “at no time in the past or future; on no occasion; not ever.” In the volatile oil and gas industry, those who try to look that far into the future and predict anything with certainty are invariably […]
The Fed And The Oil Markets On Unsustainable Path As Election Looms
The Fed And The Oil Markets On Unsustainable Path As Election Looms Oil prices have increased 50 percent since the lows exhibited earlier this year, a rise that is largely linked to the positive market reaction to the OPEC output freeze. That comes even as for all intents and purposes OPEC has nearly reached its […]
The Terrible Oil News Nobody Noticed
The Terrible Oil News Nobody Noticed A terrible bit of news went unnoticed in the commotion amid the modest rebound in oil prices over the past two weeks. While every news outlet shouted about Iran and OPEC, a U.S. energy icon quietly announced news that could potentially shatter the industry. As I’ve explained recently, many oil companies […]
Oil Industry Caused 2005 Swarm of California Earthquakes: Newly Published Study
Oil Industry Caused 2005 Swarm of California Earthquakes: Newly Published Study Oil and gas wastewater disposal has been tied to a series of earthquakes in California for the first time, in a peer-reviewed study published last Thursday. A string of quakes ending on Sept. 22, 2005 struck in Kern County near the southern end of […]
Only Recession Can Prevent An Oil Price Spike
Only Recession Can Prevent An Oil Price Spike The biggest result from the collapse in oil prices could be a future price spike. Oil prices at $30 per barrel have put most producers under water. That has led to austere budgets and severe cuts to spending. Wood Mackenzie recently estimated that $380 billion in major […]
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 […]
Oil Megaprojects Won’t Stay On The Shelf For Long
Oil Megaprojects Won’t Stay On The Shelf For Long One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. Extracting oil from these frontier areas required more advanced technology […]
Oil and Gas Industry Publicly Supports Climate Action While Secretly Subverting Process, New Analysis Shows
Oil and Gas Industry Publicly Supports Climate Action While Secretly Subverting Process, New Analysis Shows A new report recently released by InfluenceMap shows a number of oil and gas companies publicly throwing their support behind climate initiatives are simultaneously obstructing those same efforts through lobbying activities. The report, Big Oil and the Obstruction of Climate Regulations, comes on the […]
Risky Shale Oil-by-Rail Expands Despite Lack of Spill Response Preparedness
Risky Shale Oil-by-Rail Expands Despite Lack of Spill Response Preparedness The worst onshore oil spill in United States history was the Kalamazoo River tar sands pipeline spill in 2010 with estimates of one million gallons of oil spilled. In comparison, the oil-by-rail accident in Lac-Megantic, Quebec was 50% bigger. With the oil-by-rail industry proposing large expansions to West […]
