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Oil

Friday Energy Facts: Gulf Coast Crude Oil Inventories Reach Record Level

April 18, 2014 by U.S. EIA: Today in Energy

Gulf Coast Oil Inventories

Crude oil inventories on the U.S. Gulf Coast reached 207.2 million barrels on April 11, a record high. The levels are the result of the continuing strong crude oil production growth, the opening of TransCanada's Marketlink Pipeline, and a drop in crude oil inputs at USGC refineries as a result of seasonal maintenance.[read more]

Oil Price Leverage Over Russia in Ukraine Crisis

April 18, 2014 by Roman Kilisek
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Oil Price Leverage Over Russia

Following Russian annexation of the Crimean Peninsula, tensions between the West and the Kremlin have been dangerously simmering. Meanwhile, the spotlight has moved to Eastern Ukraine where unmarked soldiers appear to be keen on destabilizing the situation further.[read more]

How Do You Justify Consuming ExxonMobil's Oil?

April 17, 2014 by Robert Rapier
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There is a risk of misinterpretation with this article, so I want to spell out my intent up front. This should not be read as a defense of ExxonMobil or their business practices, because that’s not what it is. It’s an attempt to get the reader to understand how they think, and why they do the things they do.[read more]

Fossil Fuels are for Making Stuff

April 16, 2014 by Lindsay Wilson
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Fossil Fuel Makes Stuff

The IPCC has just recently released its third assessment report on mitigating climate change. I have spent the morning reading the full summary, and to help you save a little time I have whittled it down to a six word summary: Fossils fuels are for making stuff.[read more]

Fracking Linked to Earthquakes in Ohio

April 15, 2014 by Briana Mordick

The Ohio Department of Natural Resources announced that recent earthquakes in Ohio were likely caused by fracking. This is the fourth documented case of induced seismicity linked to hydraulic fracturing, and the latest in a series of earthquakes in Ohio caused by oil and gas production activities.[read more]

Shipping Oil by Rail: A Modern-Day Problem of Social Cost

April 15, 2014 by Meredith Fowlie
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Oil by Rail Risk

While environmental groups and other stakeholders have been working hard to delay, if not completely derail, major pipeline projects like Keystone, oil companies have also been working hard to find alternative ways to get their crude oil to market.[read more]

exclusive

The Watt Hour, with Guest Eric Maltzer [PODCAST]

April 14, 2014 by Reid Capalino

To assess the re-emergence of climate change as a topic of intense public discussion, I sat down with Eric Maltzer, who for four years worked on clean energy and global climate policy at the US State Department. Our hour-long conversation covers a wide range of topics.[read more]

Oil Limits and Climate Change: How They Fit Together

April 14, 2014 by Gail Tverberg
9

Climate Change and Oil

We hear a lot about climate change, especially now that the Intergovernmental Panel on Climate Change (IPCC) has recently published another report. At the same time, oil is reaching limits, and this has an effect as well. How do the two issues fit together?[read more]

Tight Oil-Driven Production Growth Reduces Need for US Oil Imports

April 12, 2014 by U.S. EIA: Today in Energy

Oil Production and Import Changes

In the Annual Energy Outlook 2014 (AEO2014) Reference case, crude oil production rises from 6.5 million barrels per day (MMbbl/d) in 2012 to 9.6 MMbbl/d before 2020, a production level not seen since 1970. Tight oil production growth accounts for 81% of this increase.[read more]

Driving Into an Age of Increasing Oil Freedom

April 11, 2014 by NRDC Switchboard
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Increasing Oil Freedom

We are living in exciting times when it comes to the nation’s oil and energy dependence. You could call this era the age of increasing oil freedom. From the mid-1980s to the mid-2000s the U.S. used and imported more oil every year, but since the mid-2000s that trend has reversed.[read more]

Energy Quote of the Day: On Terrible News from Kazakhstan

April 11, 2014 by Jared Anderson

Energy Project Problems

The giant Kashagan oil field development project offshore Kazakhstan’s territorial Caspian Sea will be shut down for at least two more years, according to Quartz. The project started up briefly on September 11, 2013, but was quickly shut down again due to the discovery of leaking deadly sour gas.[read more]

Yes, Climate Change Is Here: Yes, We Can Solve It

April 10, 2014 by Peter Lehner
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Climate Change Risk and Solutions

The latest report by the Intergovernmental Panel on Climate Change sounds a piercing alarm about the dangers every nation faces from runaway climate change. Climate change, the IPCC scientists tell us, is already jeopardizing food supplies, water resources, even the stability of nations.[read more]

Five States and the Gulf of Mexico Produce More than 80% of U.S. Crude Oil

April 8, 2014 by U.S. EIA: Today in Energy

States and Crude Oil Production

Five states and the Gulf of Mexico supplied more than 80%, or 6 million barrels per day, of the crude oil (including lease condensate) produced in the United States in 2013. Texas alone provided almost 35%, according to preliminary 2013 data released in EIA's March Petroleum Supply Monthly.[read more]

Catalyzing the Oil and Gas Industry to Clean Up its Act

April 7, 2014 by NRDC Switchboard

The oil and gas industry leaks a significant amount of natural gas into the atmosphere. Most of this leaked gas is methane, a powerful greenhouse gas pollutant. This leaked gas also represents a great deal of lost product for the oil and gas industry[read more]

Reading the Tea Leaves: Chinese National Oil Companies' Diverging Strategies

April 7, 2014 by Kate Rosow Chrisman

Chinese Oil Companies and Diverging Strategies

First, BP dropped plans to invest in a refinery in Qinzhou. Then PetroChina delayed plans for it’s Kunming refinery, part of a larger plan that includes a pipeline linking Southwestern China to the Bay of Benegal through Myanmar (bypassing the Malacca Straits).[read more]