Posts by Lorne Stockman
- The U.S. oil boom is a clear threat to the tar sands market in the Gulf Coast. The State Department failed to acknowledge this in the SEIS.
- The Keystone XL Pipeline's social cost of carbon could be as much as $100 billion per year. Until government agencies properly account for the cost of climate change caused by major fossil fuel infrastructure, projects like Keystone XL will continue to impose disproportionate costs on society.
- New data reveals that a full 60 percent of gasoline produced at Keystone XL refineries was exported.
- Talk of US crude exports apparently reached new heights this week at the Platts North American Crude Oil Marketing Conference, which ends today in Houston. It has been a familiar cry at such shindigs for the past year or so, with the industry increasingly confident to come out in public with the controversial message that...
Continue reading 'Industry experts expect Keystone XL crude to be directly exported'.
- Only a few months ago, we reported on the release of the IEA’s World Energy Outlook, which for the first time ever acknowledged that we cannot burn at least two thirds of the fossil fuel reserves we currently classify as ‘proven’. So, one would assume that the IEA would agree that further exploitation of such...
Continue reading 'US Crude Exports, the IEA can’t have it both ways'.
- Existing analyses of the impacts of tar sands fail to account for a byproduct of the process that is a major source of climate change causing carbon emissions: petroleum coke - known as petcoke. Petcoke is the coal hiding in North America's tar sands oil boom.
- Increasing petcoke use is a clear result of the increasing production of tar sands bitumen. Petcoke is a seldom discussed yet highly important aspect of the full impacts of tar sands production. Factored into the equation, petcoke puts another strong nail in the coffin of any rational argument for the further exploitation of the tar sands.
- The U.S. is experiencing a domestic oil boom that could soon make it the world’s largest liquid fuels producer. And how has that surge in production impacted gasoline prices? In 2012, Americans paid more for gasoline than ever before.
- ExxonMobil presented its latest Energy Outlook report recently, the 2013 Outlook for Energy: a view to 2040. The report is chock full of figures and graphs showing an inexorable rise in global energy demand and supply and the growing market for Exxon’s products.
- The United States of America has finally acquired the vast territory of Canada and its massive fossil fuel resources. The acquisition appears to have been made via an episode of collective wishful thinking and misinformation, triggered by an optimistic report discussing American oil production issued by the International Energy Agency. Okay, back to the real...
Continue reading 'It’s Official: Canada is the 51st State!'.