Archive for the ‘Oil’ Category

“Fracking’s mythology is single biggest threat to the solar revolution.”

November 5, 2014 Clean Energy, Climate, Coal, Commentaries, Finance, Gas, Oil

Jeremy Leggett in Recharge magazine: “There are days of late when the solar revolution seems to be an inevitability, and an imminent one.
When one reads that by 2020 an “energy trio” purchase of solar roof plus electric vehicle plus domestic battery will be able to pay for itself within six to eight years, while giving a 7% pre-tax return on investment, how could it be otherwise? Especially when that prognosis comes from a team of analysts at the world’s biggest private bank. Such developments, UBS says, will change the face of the energy industry.
But then there are days when the vehemence of the incumbency’s rearguard action is so daunting that one wonders if Big Energy can delay the solar revolution, maybe for years, or even derail it.”

Texas oil town makes history as residents vote no to fracking.

November 5, 2014 Gas, Oil

Guardian: “The Texas town where America’s oil and natural gas boom began has voted to ban fracking, in a stunning rebuke to the industry.”

US midterm election increases Keystone XL pressure on Obama.

November 5, 2014 Oil

FT: “The convincing Republican victory in the US midterm elections has raised hopes in the oil industry that the long-delayed Keystone XL pipeline for exporting crude from western Canada could at last secure the approval it needs.”

90% of undeveloped tar sands barrels at risk from eroding oil price.

November 4, 2014 Oil

Carbon Tracker press release: “Investors in Canadian oil sands are at a heightened risk of companies wasting $271 billion of capital on projects in the next decade that need high oil prices of more than $95 a barrel to give a decent return, the Carbon Tracker Initiative (CTI) revealed today.”

“One Trillion Tonnes and $5 Trillion: Thoughts on IPCC Synthesis Report.”

November 3, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil

Mark Lewis for Kepler Cheuvreux (no url): “….The (IPCC) Synthesis Report states that if the world is to stand a better than even chance  of limiting warming  to no more than 2°C, only about one trillion tonnes of CO2 more can be emitted from 2011 onwards (the precise amount will depend on emissions trends for other GHGs).”

CO2 budget 1.1 tn tons, & fossil-fuel subsidies exceed reductions spend.

November 3, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil

Bloomberg: “The world can only consume a fraction of the known deposits of fossil fuels if it’s to avoid the most dangerous effects of climate change, according to the biggest assessment of the issue.”

IPCC: cut emissions rapidly or face “severe….irreversible” impacts.

November 2, 2014 Climate, Coal, Finance, Gas, Oil

Guardian: “Climate change is set to inflict “severe, widespread, and irreversible impacts” on people and the natural world unless carbon emissions are cut sharply and rapidly, according to the most important assessment of global warming yet published.”

The Amazon tribespeople who beat Chevron in court. But….

October 31, 2014 Oil

Alexander Zaitchik for Grist: “One day in early August, I took a long and lazy canoe trip down the Río Tiputini in northeastern Ecuador. My destination was the village of Guiyero, a remote dot of an Indian community more than a hundred miles downriver from the oil city of Lago Agrio.”

IPCC 1990 – 2014: a quarter century of The Carbon War.

October 31, 2014 Clean Energy, Climate, Coal, Commentaries, Finance, Gas, Oil

Jeremy Leggett on the Greenpeace Energy Desk: “When the Intergovernmental Panel on Climate Change completed its First Assessment Report in 1990, almost a quarter of a century ago, I worked for Greenpeace as a climate campaigner.”

US study finds dangerous airborne pollution at fracking sites.

October 31, 2014 Gas, Oil

Grist: “….we’ve started to suspect that fracking impacts the air, too, and a new study published this week in the journal of Environmental Health adds one more piece of evidence to the pile.”

Lobbyists advice to oil and gas: play “ugly” if you want to keep drilling.

October 30, 2014 Climate, Coal, Gas, Oil

NY Times: “If the oil and gas industry wants to prevent its opponents from slowing its efforts to drill in more places, it must be prepared to employ tactics like digging up embarrassing tidbits about environmentalists and liberal celebrities, a veteran Washington political consultant told a room full of industry executives in a speech that was secretly recorded.”

Opec says 50% of US shale oil production is at risk at $85.

October 29, 2014 Gas, Oil

FT: “Opec expects a sharp reduction in higher cost production such as US shale if the price of crude oil remains around $85 a barrel.

Shell asks US for 5 more years permission to drill Arctic Alaska.

October 28, 2014 Gas, Oil

Bloomberg: “Shell is asking the Obama administration for five more years to explore for oil off Alaska’s coast, saying set backs and legal delays may push the start of drilling past the 2017 expiration of some leases.”

Shale begins to feature as a toxic issue for US voters.

October 28, 2014 Gas, Oil

FT: “….Passions over fracking are on the rise in America. ….the rush to extract more shale energy is bringing industrialisation to picturesque ruraltowns and densely built city suburbs, where horrified residents say fracking is anything but clean.”

Doubt in U.S. Government forecasts for a lasting tight oil & shale gas boom.

October 27, 2014 Gas, Oil

Post Carbon Institute: “A new report from the analyst who predicted the vast downgrade of available oil resources in California’s Monterey Shale calls into question optimistic government forecasts and industry claims about U.S. energy independence and the viability of oil and natural gas exports.”

Keystone foes energized as price pressures allure of tar sands.

October 27, 2014 Climate, Oil

Bloomberg: “….U.S. benchmark crude has tumbled 10 percent this month, closing at $81.01 a barrel in New York trading last week, and further declines are forecast. At $75, a government analysis said producers may be discouraged from developingCanada’s oil sands without pipelines like Keystone.”

“15 Big Oil sell signals that warn of a 50% stock crash.”

October 24, 2014 Climate, Finance, Gas, Oil

Paul B. Farrell, MarketWatch: “Big Oil investors beware: “The day of the huge international oil company is drawing to a close,” warned the Economist last year. Since then, Big Oil sell signals have gotten louder, more frequent, confirming fears of a crash in Big Oil, in the entire energy industry, rippling through Wall Street stocks, the global economy.”

EU leaders agree to cut greenhouse gas emissions by 40% by 2030.

October 24, 2014 Clean Energy, Climate, Coal, Gas, Oil

Guardian: “European leaders have struck a broad climate change pact obliging the EU as a whole to cut greenhouse gases by at least 40% by 2030. But key aspects of the deal that will form a bargaining position for global climate talks in Paris next year were left vague or voluntary, raising questions as to how the aims would be realised.”

Climate and clean energy now in top 3 US electoral ad issues.

October 23, 2014 Clean Energy, Climate, Coal, Gas, Oil

Tree Alerts (no url): “Climate and energy issues now rank in the top three issues mentioned in electoral ads as the midterm elections near in the US.”

Norway’s Arctic oil ambitions threatened by oil price-slump.

October 23, 2014 Gas, Oil

Bloomberg: “Norway’s push to exploit Arctic waters for oil, already denounced by environmentalists, is now under threat from the slump in crude prices.”