Crude oil prices remained low and unstable over the past month, causing U.S. oil producers to continue to idle drilling rigs (Figure 1). [1] In light of these trends, the EIA released data suggesting a production decline in some shale...
In the desperately dark days following BP’s Deepwater Horizon accident in April 2010, one of the issues that I highlighted on this blog was the dangers of BP’s chemical Corexit, which the oil giant was using to disperse the oil.
Just how low can the oil price go? What was unthinkable even a few months ago is now becoming distinctly probable, even likely. As analysts dissect the ramifications for the oil industry of $40 dollar barrel, oil traders are now...
The tar sands industry lists market access as the number one threat to its future in a recent industry survey.
Twenty years ago the oil giant Shell was embroiled in two separate controversies, which still haunt the company to this day.
One of the great debates about fracking is whether it heralds a great new chapter in the age of oil or whether it is a small blip in the dying days of the fossil fuel era.
When legendary guitarist Jimi Hendrix wrote the song “Castles Made of Sand,” the critics argued that the sand metaphor symbolised “the temporary nature of existence” ” and “how nothing can be taken for granted”.
And so the free-fall continues. The price of Brent crude has fallen this morning below $60 a barrel for the first time since July 2009. The price of US crude is below $55.
Through public land leases, infrastructure subsidies, and some very expensive tax breaks, taxpayer money is supporting what could become one of the dirtiest, most destructive chapters in American energy history.
The International Energy Agency’s flagship annual report, the World Energy Outlook, is out today and it confirms what Keystone XL opponents have been saying all along. Building pipelines will increase tar sands production.
