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Oil

Petroleum Refinery Outage in California Highlights Markets' Quick Price Reaction

March 3, 2015 by U.S. EIA: Today in Energy

Refinery Outages and Price Reactions

On February 18, an explosion and fire occurred at ExxonMobil's refinery in Torrance, California. The Torrance refinery is an important source of gasoline and distillate fuel oil supply for Southern California. Unplanned refinery outages can have noticeable effects on liquid fuel markets.[read more]

The IPCC at a Crossroads

March 2, 2015 by Robert Stavins

Love it or hate it, the IPCC plays a very important role in global climate change policy around the world. This is because the IPCC's reports are accepted as the definitive source on all matters climate change by international negotiators. The IPCC is now at a crossroads.[read more]

Energy Quote of the Day: Keystone XL has Become Perfect Symbol of Washington’s Dysfunction

March 2, 2015 by Edward Dodge
2

Michael Bloomberg said in an op-ed that Obama should use the Keystone pipeline as a bargaining chip in negotiating a broader climate deal with Canada. Canada and the US’s policy frameworks are aligned. But Canada is considered near the bottom of industrialized countries making efforts on climate change.[read more]

Business and Carbon Pricing

March 2, 2015 by David Hone

Carbon and Business

At the UN Climate Summit last September, the World Bank and others put the carbon pricing discussion back on the agenda, first with a Statement on Carbon Pricing signed by over 1000 companies and 70 governments and then with a series of side events and meetings which also carried through to COP20 in Lima.[read more]

Energy Quote of the Day: Oil Sands Industry Must Cut Costs or Face ‘Death Spiral’

February 28, 2015 by Edward Dodge
3

Oil Sands Death Spiral?

The President of one of Canada’s biggest oil and gas producers warned the oil sands industry that they must cut costs or face a “death spiral”. The drop in oil prices is an “opportunity” for every part of the industry to cut costs and eliminate inefficiencies that crept into the system during years of high prices.[read more]

Macquarie's Brian Bagnell: Forget Peak Oil, Worry About Peak Demand

February 28, 2015 by Jim Patrick
1

Oil, Demand, and Energy Markets

 

Brian Bagnell, CFA, is a research analyst in Canadian oil and gas company analysis for Macquarie Capital Markets in Calgary. He was formerly an investment associate at the NB Investment Management Corp. He holds a bachelor's degree from the University of New Brunswick.[read more]

Role of Wages of the Common Worker in Oil Prices, Collapse

February 27, 2015 by Gail Tverberg
1

Wages and Oil Prices

In their book Secular Cycles, Peter Turchin and Surgey Nefedof point out the important role falling wages of the common workers played in early collapses. I got to thinking that this might be an issue with our current situation as well, including the low level of oil prices.[read more]

The Carbon Price Challenge

February 27, 2015 by David Lawrence
2

There are many practical benefits to the Carbon Price Challenge We choose our own carbon price as a strong motivator to reduce emissions of CO2. We tax ourselves using that carbon price and our carbon tax and energy cost savings are returned to us to reinvest in cleaner energy investments of our choice.[read more]

Oil Import Dependence Not Aways Economic Disadvantage, Study Finds  

February 27, 2015 by Roman Kilisek
4

Oil Dependence and Economics

According to research by the Cologne Institute for Economic Research energy imports should not be “understood as a threat to the security of energy supply and an economic disadvantage” per se. The study finds that conclusion simplistic and points out that energy security depends on open and integrated markets.[read more]

Keystone XL Pipeline Veto: Right Decision at the Right Time

February 26, 2015 by NRDC Switchboard
1

Obama and the Keystone Veto

We don't need Congress to be a pipeline permitting agency. And, there's a good process in place that lets president decide whether transboundary energy projects are in the national interest. The Keystone pipeline has repeatedly been shown to be dangerous to our water, communities, and climate.[read more]

Energy Quote of the Day: Did I Miss Where it Said There Will be Zero Demand for Oil by 2050?

February 26, 2015 by Edward Dodge
2

Saudi Arabia and Energy Source Change

Saudi Arabia’s oil minister is concerned about potentially disruptive trends that could undermine the oil industry in the coming decades. New technologies and efforts to cut carbon emissions offer potentially existential threats to the world’s most important commodity.[read more]

U.S. LNG Exports Can Save GHGs Globally, U.S. Accrues Social Cost

February 26, 2015 by Leslie Abrahams
1

LNG Exports and Costs

U.S. LNG exports save GHGs when displacing coal and Russian natural gas pipeline exports for electricity and heating abroad. The most important thing the U.S. can do to ensure these GHG savings are realized is to prioritize minimizing its methane leakage from upstream production and pipeline transmission.[read more]

Getting Real About Energy in Cubic Miles of Oil

February 26, 2015 by Ripudaman Malhotra
5

Today, with plummeting oil prices and news reports of US oil production poised to exceed that of Saudi Arabia’s, there is a perception on the street that there is no energy crisis. Yet just a few years ago, we were all talking about one. Have things changed so dramatically so fast?[read more]

exclusive

Obama's Keystone Veto Message: "If You've Got a Business, You Can't Build That Infrastructure Project"

February 25, 2015 by John Miller
46

Obama and the Keystone Veto

 

President Barack Obama has vetoed a bipartisan Congressional piece of legislation that aims to finally approve the Keystone XL pipeline project at the Federal level. Why does the President continue to block and delay this energy project’s permit decision?[read more]

As the Oil Market Watches the Clock, Analysts Disagree Over Timing

February 24, 2015 by Jared Anderson

Oil Markets and Analysts

Many analysts agree that as US oil companies pullback capital spending, lay down rigs and drill fewer new wells, production will inevitably decline, supply and demand fundamentals will rebalance and oil prices will increase. But that’s where the agreement ends.[read more]