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.
Industry Updates
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
Oilâs new supply boom is a bust for the climate
What if you knew that smoking that one last packet of cigarettes was going to give you cancer? Â Imagine if our understanding of cancer was so precise as to allow doctors to predict with virtual certainty that smoking that particular pack, which you just picked up at the corner store, would definitely be the last … Read More
US crude exports: the fight for climate just got that little bit tougher
The Financial Times has just revealed that the oil trading arms of BP, Shell and Vitol have applied for licenses to export U.S. crude to Canada.
Boom goes the oil industry, bust goes the climate
There was the tar sands boom and then the shale gas boom. Then there was the export boom and the tight oil boom. Now it seems there’s the midstream boom.
Tar sands reality check
Analysts are starting to question the tar sands industry’s “wildly optimistic” growth plans and some projects are slowing down. Here’s why.
Fires, storms and the energy independence myth
All the talk of Hurricane Isaac and the RNC has so far failed to notice the gaping hole appearing in what is not only the Romney/Ryan energy platform but also the platform of the entire North American oil and gas industry. And frankly, while politicians might be forgiven (and I mean might) for not fully … Read More
A big mess at Motiva and why Gulf Coast refiners are making a killing
While Chevronâs Richmond refinery has been making the news lately with a very visible incident, our attention has been drawn to less noticed recent events in Americaâs biggest refining center on the Gulf Coast, where what was to become the countryâs largest refinery also ran into a spot of trouble. Youâd think that if you … Read More
Keystone refineries on export overdrive
In the last quarter of 2011, the majority (51%) of the two prime transport fuels produced in Port Arthur and Houston area refineries went to export markets, including 73% of gasoline and 40% of diesel.
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