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Another Blowout Adds to Mystery of Permian Basin Water Pressure
Another Blowout Adds to Mystery of Permian Basin Water Pressure Water is bursting from another West Texas oil well, continuing a troubling trend. Water flows from an orphaned oil well on Schuyler Wight’s ranch in Pecos County, Texas. Credit: Courtesy of Schuyler Wight In recent years, Schuyler Wight has noticed a growing number of abandoned […]
The Oil Industry and Involuntary Liquidation
The Oil Industry and Involuntary Liquidation I never thought I would be even tempted to defend the oil industry, and that’s not exactly what I intend to do here, but their situation, and the situation in which they have put us, need a little explaining. There are two major narratives about the oil business currently, […]
‘It doesn’t have to be this way’: Lessons from the slow death of Louisiana’s oil industry
‘It doesn’t have to be this way’: Lessons from the slow death of Louisiana’s oil industry The Gulf Coast is bleeding oil jobs. Here’s what it tells us about a just transition. AP Photo/Cheryl Gerber David Dismukes studies the energy industry for a living. As the executive director of the Center for Energy Studies at […]
Oil Giants admit to a 5C Temperature Increase being baked in but no one else will!
Oil Giants admit to a 5C Temperature Increase being baked in but no one else will! “Oil giants Shell and BP are planning for global temperatures to rise as much as 5°C by the middle of the century. The level is more than double the upper limit committed to by most countries in the world under the Paris […]
Covid is at the center of world’s energy crunch, but a cascade of problems is fueling it
Covid is at the center of world’s energy crunch, but a cascade of problems is fueling it “It’s like a car that’s been taken off the road for a while and now we want to restart it quickly — it takes time,” according to an expert. A man uses his smartphone flashlight to light up […]
The age of fossil fuel abundance is dead
The age of fossil fuel abundance is dead JOE GIDDENS/AP Workers at Buncefield oil depot, known as the Hertfordshire Oil Storage Terminal. British military personnel have begun delivering fuel to gas stations after a shortage of truck drivers disrupted supplies for more than a week, leading to long lines at the pumps as anxious drivers […]
For Oil and Its Dependents, It’s Code Blue
For Oil and Its Dependents, It’s Code Blue The great price collapse of 2020 will topple companies and transform states. If oil has been laid low by the coronavirus, then the nations whose economies most depend on it might soon be on ventilators. By any prognosis the great oil price collapse of 2020 has pushed […]
Oil Price War Claims Another Victim
Oil Price War Claims Another Victim The oil price war has already claimed its first victim. Whiting Petroleum Corp. (NYSE: WLL), once the largest oil and gas producer in North Dakota’s Bakken Shale, has filed for Chapter 11 bankruptcy becoming the first major shale producer to do so in the current year. Whiting has cited the “severe […]
Big Oil is using the coronavirus pandemic to push through the Keystone XL pipeline
Big Oil is using the coronavirus pandemic to push through the Keystone XL pipeline The oil industry saw its opening and moved with breathtaking speed to take advantage of this moment I’m going to tell you the single worst story I’ve heard in these past few horrid months, a story that combines naked greed, political […]
These Secretive Oil Companies Control $3 Trillion In Wealth
These Secretive Oil Companies Control $3 Trillion In Wealth They control the vast majority of the world’s oil and gas assets, yet the average person has never even heard of them, outside of those that are famous for things like getting attacked by missiles or becoming embroiled in a high-profile corruption scandal. State-owned oil and […]
THE COMING MIDDLE EAST OIL CRISIS: The Collapse Of Net Oil Exports
THE COMING MIDDLE EAST OIL CRISIS: The Collapse Of Net Oil Exports The Middle East is heading for a crisis in its oil industry. Unfortunately, the market doesn’t realize there is any danger on the horizon because it mainly focuses on how much oil the Middle East is producing rather than its exports. You see, […]
Smart Money Is Piling Into Oil
Smart Money Is Piling Into Oil Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector. The most recent factor is the sudden eruption of the long simmering feud in Libya between rival factions. The attack on Tripoli by the Libyan […]
Oil Industry Ponders Getting ‘Dragged into Low-Carbon Future’ While Claiming it ‘Stepped up’ on Climate
Oil Industry Ponders Getting ‘Dragged into Low-Carbon Future’ While Claiming it ‘Stepped up’ on Climate The fossil fuel industry’s faith that the modern world economy will be powered by its products for the indefinite future is usually unwavering. But cracks in that faith recently appeared in Houston at the top annual oil industry conference, known as CERAweek. The […]
The Oil Industry Faces A ‘Crisis Of Confidence’
The Oil Industry Faces A ‘Crisis Of Confidence’ The oil industry is starting to feel the pressure of climate change. Oil executives, by and large, have not been swayed to change their business practices despite years of warnings about the climate crisis. However, they are beginning to listen to shareholders who are demanding change, while […]
IEA 2018 World Energy Outlook: Peak oil is here, oil crunch by 2023
IEA 2018 World Energy Outlook: Peak oil is here, oil crunch by 2023 Preface. I’ve been working on a post about the latest IEA 2018 World Energy Outlook report, but the excerpts from the cleantechnica article below states most clearly why there is likely to be a supply crunch as soon as the early 2020s […]
