Crude oil prices remained low and unstable over the past month, causing U.S. oil producers to continue to idle drilling rigs (Figure 1).  In light of these trends, the EIA released data suggesting a production decline in some shale plays may be imminent. The March EIA monthly Drilling Productivity Report found that while increasing productivity … Read More
Back in January, the Bureau of Ocean Energy Management (BOEM) released the 2017-2022 Oil and Gas Leasing Program, its proposed 5-year plan for offshore U.S. oil and gas development that includes ten potential lease sales in the Gulf of Mexico, three in the Alaskan Arctic, and one in the Atlantic.
Oil and gas companies have responded to the dramatic fall in oil prices over the past few months by idling drilling rigs. Since last year’s peak rig count, the total count of operational U.S. oil rigs fell by 38.7%, from 1,609 on October 10, 2014 to 986 as of February 27, 2015. U.S. Rig Counts … Read More
Enbridge is side-stepping environmental regulations and corporate taxes in attempts to increase Canadian tar sands exports through the United States.
A new report by Oil Change International identifies billions of dollars in subsidies for fossil fuel exploration from the world’s wealthiest countries.
Today, Oil Change International released a comprehensive report on fossil fuel exploration and production subsidies in the U.S. – Cashing in on All of the Above: U.S. Fossil Fuel Production Subsidies under Obama – which demonstrates that at a time when we need urgent action on climate change more than ever, the U.S. government is … Read More
Cashing in on All of the Above: U.S. Fossil Fuel Production Subsidies under Obama Oil Change International July 2014 A new report by Oil Change International, Cashing in on All of the Above: U.S. Fossil Fuel Production Subsidies under Obama, demonstrates the huge and growing amount of subsidies going to the fossil fuel industry in … Read More
The endorsement granted to Big Oil companies by preeminent arts institutions allows them to whitewash their image.
A Plains All American pipeline spilled 10,000 gallons of oil in Los Angeles. The company is heavily subsidize and a major crude by rail company.
Last month, the American Petroleum Institute (API) released a report advocating for an end to the U.S. ban on crude oil exports. Nestled among the API’s rosy claims of new jobs and low gas prices (which are strongly refuted by this report from the Center for American Progress) was one point that we actually agree … Read More