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 … Read More
Author: Lorne Stockman
US Crude Exports, the IEA canât have it both ways
Only a few months ago, we reported on the release of the IEAâs 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 … Read More
Petroleum Coke: The Coal Hiding in the Tar Sands
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.
Thereâs coal hiding in the tar sands, and the emissions are not being counted
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.
Amidst Drilling Boom, Average Price For U.S. Gasoline Hit Record High In 2012
The U.S. is experiencing a domestic oil boom that could soon make it the worldâs largest liquid fuels producer. And how has that surge in production impacted gasoline prices?
In 2012, Americans paid more for gasoline than ever before.
Exxon’s Dangerous Outlook
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 Exxonâs products.
Itâs Official: Canada is the 51st State!
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 … Read More
IEA report exposes frailty and limits of North American oil boom
The IEAâs annual World Energy Outlook is out today and judging by the media attention itâs getting it might as well have been named, âU.S. Oil Boom Outlookâ.
IEA acknowledges fossil fuel reserves climate crunch
The International Energy Agency released its annual flagship publication today, the World Energy Outlook. The IEA made an historic statement in the executive summary. It said, âNo more than one-third of proven reserves of fossil fuels can be consumed prior to 2050 if the world is to achieve the 2 °C goalâ, the internationally recognized … Read More
Tar sands planned growth is 3X climate limit
(Oilâs new supply boom is a bust for the climate: part 2) Last week we published a chart and analysis that showed how the oil industry is striving to build production capacity that would substantially overshoot the limits of our climate system. By 2020, the industry could have over 110 million barrels per day (bpd) … Read More