The White House reported the event as an “energy round-table” discussion of “a cleaner and more sustainable energy future in the Caribbean through improved energy governance, greater access to finance and donor coordination.” While there is no mention of Venezuela, the Atlantic Council, a sponsor of the event, explicitly mentions Venezuela as the reason for the meeting. The Atlantic [...]
|By: BrandonJ Monday January 26, 2015 6:00 pm|
|By: BrandonJ Wednesday January 14, 2015 12:00 pm|
Amid the significant drop in oil prices, it may be expected officials in the Obama administration would consider changes to their energy policies. Cities expecting the fracking boom to continue are seeing the bubble pop right in their face. Goldman Sachs, noteworthy for its dependence on oil and natural gas on profits, believes prices will drop to $40 per barrel over the [...]
|By: KateCA Friday November 28, 2014 4:10 pm|
What seems to have begun as a sudden turning on of oil faucets in Libya, Nigeria and Iraq just a few months ago, provided the opportunity for the Big Guns of OPEC to begin manipulating things. And they have.
At their critical meeting on Thursday in Austria, OPEC decided to continue producing oil in the usual volume (30 million barrels a day) and let the price of oil do what it will. Which it promptly did, dropping (using the Brent price) $2.80 today, down to $69.78/barrel, which hasn’t been seen in four years.
|By: Kevin Gosztola Thursday September 11, 2014 10:05 am|
When Bristol County District Attorney Sam Sutter surprised two environmental activists and reduced all criminal charges against them to civil infractions, it was an unusual and rare example of a prosecutor exercising his conscience and using prosecutorial discretion while still upholding the rule of law. And it led activists to praise him for his courage as someone who had linked his office to the need for leadership and action on climate change.
|By: Tom Engelhardt Sunday September 7, 2014 5:20 pm|
Whatever you may imagine, “peak oil” has not been discredited as a concept, a statement no less true for “peak fossil fuels.” Think of them instead as postponed. We are, after all, on a finite planet that, by definition, holds a finite amount of oil, natural gas, and coal. Sooner or later, as such deposits get used up (no matter the new techniques that might be invented to extract more of the ever tougher stuff from the earth), we will reach a “peak” of production from which it will be all downhill.
That’s a simple fact to which, as it happens, there’s a catch.
|By: Kevin Gosztola Sunday September 7, 2014 12:50 pm|
Five residents from the Seattle area took direct action on September 2 and constructed a massive tripod that blocked trains transporting crude oil through a rail yard in Everett, Washington. The action was organized by the environmental action group, Rising Tide North America, and was initiated to call attention to the need to halt the transport of crude oil, which is at risk of explosions.
|By: Steve Horn Thursday August 28, 2014 6:25 pm|
In little-noticed news arising out of a recent Gulf of Mexico offshore oil and gas lease held by the U.S. Department of Interior’s Bureau of Ocean Energy Management, the floodgates have opened for Gulf offshore hydraulic fracturing (“fracking”).
With 21.6 million acres auctioned off by the Obama Administration and 433,822 acres receiving bids, some press accounts have declared BP America — of 2010 Gulf of Mexico offshore oil spill infamy — a big winner of the auction. If true, fracking and the oil and gas services companies who perform it like Halliburton, Baker Hughes and Schlumberger came in a close second.
|By: DSWright Friday August 8, 2014 6:59 am|
Is this Iraq War III? President Barack Obama has ordered airstrikes in Iraq against ISIS forces officially entering America into the civil war in Iraq. The bombing is supposed to stop an ethnic cleaning campaign of the Yazidis by ISIS and protect military advisors that Obama sent into the country a few months ago. Also at stake are US oil contracts in northern Iraq made between the Kurds and US energy companies though that reason for intervention is not being trumpeted.
|By: Steve Horn Thursday July 24, 2014 2:47 pm|
Deploying the age-old “Friday news dump,” President Barack Obama’s Interior Department gave the green light on Friday, July 18 to companies to deploy seismic air guns to examine the scope of Atlantic Coast offshore oil-and-gas reserves.
It is the first time in over 30 years that the oil and gas industry is permitted to do geophysical data collection along the Atlantic coast. Though decried by environmentalists, another offshore oil and gas announcement made the same week has flown under the radar: over 21 million acres of Gulf of Mexico offshore oil and gas reserves will be up for lease on August 20 in New Orleans, Louisiana at the [Mercedes-Benz] Superdome.
|By: KateCA Friday June 27, 2014 3:47 pm|
The Federal Reserve Bank of Minneapolis last year painted a rosy picture of the North Dakota-Montana Bakken oil field industry: “By making energy transportation more efficient, pipelines, rail hubs and other facilities promote economic growth in the Bakken. Higher profit margins encourage oil and gas producers to drill and develop more wells, resulting in more hiring, spending and tax revenues to support public services. . . . Companies involved in moving energy create jobs, buy goods and services and pay taxes.”