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Oil

Call for Action Intensifies from Multiple Directions: EPA Needs to Regulate Methane Pollution from Oil and Gas

October 22, 2014 by EDF Energy Exchange

EPA Action on Methane

Cutting methane from the oil and gas sector is particularly important for slowing the rate of climate change. About one-quarter of the warming we are experiencing today is a result of methane, and the oil and gas sector is the largest industrial source of methane emissions in the nation.[read more]

The People's Climate March: Why You Can't Please All the People, All the Time

October 22, 2014 by Katharine Hayhoe
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I was sitting in church last Sunday. Someone tapped me on the shoulder. I turned around: it was an older lady I didn’t know very well, but her face was familiar. “I’m reading your book,” she whispered, “and I just wanted you to know it’s changed my mind about all this climate stuff. You just make so much more sense."[read more]

Increasing Oil Reserves and Peak Oil

October 22, 2014 by Ripudaman Malhotra

Oil and Risk Management

I have often noted that since the writing of 'A Cubic Mile of Oil' that global reserves of oil have actually increased, not decreased, despite greatly increased consumption. In this post I want to dig deeper and look at the changes that have brought about this paradox, and what it means for Peak Oil.[read more]

New Gas Plant Venture Aims at Carbon Capture From a Different Angle

October 21, 2014 by Christina Nunez
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Carbon capture and storage is often promoted as a way for coal power to be made “clean”: Projects such as the Kemper power plant in Mississippi and the Petra Nova project in Texas aim to trap the carbon dioxide and then store it into underground storage or into previously depleted wells to extract more oil.[read more]

Deniers Mistakenly Say that Global Warming Has Ended

October 20, 2014 by Henry Auer
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Climate Denial and Global Warming

The global average temperature has increased by about 0.7-0.8ºC over pre-industrial temps. A pause of annual global temperatures began after 1997 even though the atmospheric concentration of CO2 continued to increase. Global warming deniers have seized on this to say that warming of the Earth has ended.[read more]

The Impact of the Global 'Sweet' Crude Bulge

October 20, 2014 by Geoffrey Styles

When the US went to war in 2003, the price of oil embarked on a trend that took it from around $30 per barrel to nearly $150 before collapsing in 2008. This time, as a new US-led coalition takes on ISIS with a bombing campaign in Iraq and Syria, the price of oil is falling, down 20% in the last two months.[read more]

Energy Quote of the Day: 'Consumers, Not the Federal Government, Should Determine What Goes in their Cars'

October 19, 2014 by Jared Anderson

Consumer Choice and Fuel Regulation

The always-ugly battle between US oil refiners and the biofuels industry over EPA’s renewable fuel standards heated up again recently when 31 oil executives sent a letter to President Obama urging EPA to stick with fuel blending volumes proposed last November.[read more]

Energy Master Limited Partnerships Go Mainstream: Baird's Ethan Bellamy

October 18, 2014 by Jim Patrick

Ethan Bellamy specializes in the analysis of master limited partnerships at Robert W. Baird & Co. He was director of research for the Lehman Brothers MLP Opportunity Fund, where he was responsible for fundamental analysis and due diligence in public, PIPE and pre-IPO investments in natural resources.[read more]

Energy Quote of the Day: 'They’re Running Out of Luck'

October 18, 2014 by Jared Anderson

Oil Price and Supply

 

Oil market crystal balls are working overtime trying to find a floor to the current precipitous oil price decline that has seen both benchmark Brent and WTI dip below $90 per barrel. Most analysts agree that at the macro level weak demand coupled with ample supply are pushing down prices.[read more]

The Planet Just Had Its Hottest September On Record

October 17, 2014 by Joseph Romm
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September Temp Record

Last month was the warmest September globally since records began being kept in 1880, NASA reported. January through September data have 2014 already at the third warmest on record. Projections by NOAA make clear 2014 is taking aim at hottest year on record.[read more]

Friday Energy Facts: Net Energy Imports as Share of Consumption at Lowest Level in 29 Years

October 17, 2014 by U.S. EIA: Today in Energy

Energy Imports and Consumption

U.S. net imports of energy as a share of energy consumption fell to their lowest level in 29 years for the first six months of 2014. Energy consumption in the first half of 2014 was 3% above consumption during the first six months of 2013, but consumption growth was outpaced by increases in total energy production.[read more]

Former Indian Minister for Rural Development Discusses India's 'Growth Imperative' and Energy Future

October 17, 2014 by Energy @ MIT
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India Growth and Planning

Former Indian Minister for Rural Development Jairam Ramesh gave a talk at MIT entitled “The Growth Imperative: Plotting a Sustainable Energy Future for India.” Ramesh drew on his years of experience as a leader in the Indian government to discuss India's energy policies and plans.[read more]

Saudi Arabia Still Calling the Shots

October 16, 2014 by Robert Rapier
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Saudi Arabia and Fuel Sources

There have been a lot of stories over the past few years about the implications of the US shale boom. To review for those who might have been living in a cave for the past 5 years, the marriage of horizontal drilling and fracking has reversed 40 years of declining US oil production and created a shale oil and gas boom.[read more]

European Fuel Quality Directive: Despite Weakened Stance on Tar Sands, New Measures Take Important Step on Climate Policy

October 16, 2014 by Danielle Droitsch

It is good news that Europe has published final measures that will require EU member states to lower the carbon intensity of their transport fuel mix by 6% before a 2020 deadline. If adopted, this would be a step in the right direction. But the final policy wasn't as strong as it could have been.[read more]

North Carolina is Well-Positioned for the EPA's Clean Power Plan

October 15, 2014 by EDF Energy Exchange
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North Carolina and the Clean Power Plan

A majority of Americans endorse setting limits on carbon emissions from the nation's power plants, which account for the single largest source of carbon pollution in the U.S. The United States is on the verge of doing just that with EPA's proposed Clean Power Plan.[read more]