Report: U.S. crude exports increased nearly 600% from 2015-20, driving 135% increase in Permian oil production

December 1, 2021By OCI TeamFeatured, Press Releases, Stopping Carbon Lock-In 1 Comment

The latest installment reveals that while Permian oil production grew 135% from 2015 to 2020, U.S. oil consumption was stagnant. The spread of pipelines, export terminals, tank farms and petrochemical facilities across the Gulf Coast intensified environmental injustice in the region, and was driven by oil, gas and petrochemical exports, not rising U.S. demand.

Report: Oil production in the Permian Basin expected to increase 50% over the next decade

November 9, 2021By OCI TeamBlog Post, Featured, Press Releases, Stopping Carbon Lock-In No Comments

The report additionally reveals that burning the oil and gas projected to be produced in the Permian Basin by 2050 will release nearly 40 billion tons of CO2, almost 10% of the remaining global carbon budget for staying under 1.5°C. 80% of these emissions, over 30.6 billion tons of CO2, would come from burning the liquids and gas produced from new wells that were not in production at the end of 2020, signaling an urgent need — but an opportunity — for President Biden to immediately deny new oil and gas infrastructure permits.