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WTI Prices Surge On Keystone Spill
WTI Prices Surge On Keystone Spill Oil prices surged on Wednesday on news that the Keystone pipeline might not restart for several weeks. The outage at the damaged pipeline ended several years of contango for WTI, pushing the benchmark into a state of backwardation for the first time since 2014. TransCanada made a lot of […]
Exclusive: Release of Inspection Reports From TransCanada’s Keystone Pipeline Expose Risk of Future Spills
Exclusive: Release of Inspection Reports From TransCanada’s Keystone Pipeline Expose Risk of Future Spills The US government agency responsible for interstate pipelines recorded a catalog of problems with the construction of TransCanada’s Keystone Pipeline and the Cushing Extension, a DeSmog investigation has found. Inspectors at the US Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) observed TransCanada’s […]
Once Unstoppable, Tar Sands Now Battered from All Sides
Once Unstoppable, Tar Sands Now Battered from All Sides Canada’s tar sands industry is in crisis as oil prices plummet, pipeline projects are killed, and new governments in Alberta and Ottawa vow less reliance on this highly polluting energy source. Is this the beginning of the end for the tar sands juggernaut? In the summer of […]
Keystone XL may be dead. The oilsands probably aren’t
Keystone XL may be dead. The oilsands probably aren’t Low petroleum prices mean new projects are on pause, but existing production won’t disappear The oilsands are producing more than two million barrels per day from long-term projects that are very difficult to shut in. The transport network is like a game of whack-a-mole: One access […]
Transcanada Just Killed The Keystone XL Pipeline
Transcanada Just Killed The Keystone XL Pipeline In an ironic twist, just hours after we discussed the record capital outflow from Canada, resulting from the plunge in oil prices and the mothballing of Canada’s energy industry, Obama’s long-desired goal of killing the Keystone XL pipeline has finally come true. Moments ago, the WSJ reported that […]
Big Oil in Retreat
Big Oil in Retreat On July 14, 2011, at TomDispatch, Bill McKibben wrote that he and a few other “veteran environmentalists” had issued a call for activists to descend on the White House and “risk arrest to demand something simple and concrete from President Obama: that he refuse to grant a license for Keystone XL, a new pipeline […]
Permits Required to Build TransCanada’s Keystone XL Pipeline in Jeopardy As Hearings Reveal Missteps
Permits Required to Build TransCanada’s Keystone XL Pipeline in Jeopardy As Hearings Reveal Missteps TransCanada’s decision to purchase all of the pipe needed to complete the Keystone XL Pipeline before receiving a presidential permit could prove a costly mistake. Not only is President Obama expected to reject the permit TransCanada needs in order to cross the U.S.-Canadian border, the company must recertify an […]
TransCanada Keystone XL Hits New Turbulence As South Dakota Permit Hearing Implodes Over Pipeline Corrosion, Market Demand
TransCanada Keystone XL Hits New Turbulence As South Dakota Permit Hearing Implodes Over Pipeline Corrosion, Market Demand Holes too big to fix were poked in TransCanada’s narrative that its Keystone XLtar sands pipeline will be the safest pipeline ever built. And questions were raised about how the pipeline company’s financial dealings are set up duringPublic Utilities Commission hearings in […]
Forget About Keystone XL – Canadian Crude Is Coming
Forget About Keystone XL – Canadian Crude Is Coming While Congress and the White House continue to wrangle over the Keystone XL pipeline extension, the oil industry is taking matters into its own hands. Markets are primed for an influx of Canadian crude oil, but with pipeline transport off the table for the foreseeable future, […]
Canadian oil extraction is ‘extraordinarily dirty’ process, Obama says
Canadian oil extraction is ‘extraordinarily dirty’ process, Obama says Keystone XL pipeline vetoed by president in February U.S. President Barack Obama has some less-than-laudatory words for Canada’s oil industry in a new example of his increasingly critical take on the oilsands. He was asked about the Keystone XL pipeline during a town-hall session Friday — […]
Tomgram: Michael Schwartz, Israel, Gaza, and Energy Wars in the Middle East
Tomgram: Michael Schwartz, Israel, Gaza, and Energy Wars in the Middle East Talk of an oil glut and a potential further price drop seems to be growing. The cost of a barrel of crude now sits at just under $60, only a little more than half what it was at its most recent peak in June 2014. Meanwhile, […]
Why the GOP’s Vision of North America’s Energy Future Should Scare All of Us
Why the GOP’s Vision of North America’s Energy Future Should Scare All of Us It will be a nightmare of environmental degradation and global conflict. It’s a ritual long familiar to observers of American politics: presidential hopefuls with limited international experience travel to foreign lands and deliver speeches designed to showcase their grasp of foreign […]
Flashpoint Issue 2015: Keystone XL Tar Sands Pipeline | Environment News Service
Flashpoint Issue 2015: Keystone XL Tar Sands Pipeline | Environment News Service. WASHINGTON, DC, December 29, 2014 (ENS) – A renewed battle over the Keystone XL tar sands pipeline is shaping up for the new year in North America. The Republicans, who favor the Alberta-Gulf Coast pipeline because of the jobs and energy security they […]
Keystone XL Pipeline’s Economic Argument May Expire: Experts
Keystone XL Pipeline’s Economic Argument May Expire: Experts. The juncture of falling oil prices colliding with TransCanada’s push for its US$8-billion Keystone XL pipeline may undermine the argument that the project makes economic sense, according to analysts. Canadian oil prices hit a five-year low on Monday, dropping to US$40 a barrel.Benchmark brent oil also hit its lowest since […]
