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Preliminary data shows that methane emissions jumped in 2020 by the largest amount since systematic record-keeping began decades ago. And despite a dip in polluting activities due to the pandemic, concentration of carbon dioxide in the atmosphere rose to its highest level in 3.6 million years. The National Oceanic and Atmospheric Administration (NOAA) said that […] → Read More
On March 31, President Joe Biden unveiled the blueprint for a $2.25 trillion infrastructure package, which would include enormous investments in renewable energy, electric vehicles, and public transit, along with roads, bridges, and water infrastructure. The White House is billing it as a “generational investment” that will lead to “transformational progress in our ability to → Read More
In 2019 and 2020, the Environmental Defense Fund (EDF) conducted three helicopter surveys over the oil fields of West Texas. Flying over flare stacks at more than three hundred oil and gas drilling sites, EDF staff used infrared cameras to document unlit flares whose methane pollution is invisible to the naked eye. Their survey found that roughly 1 in 10 flares in the Permian → Read More
On May 24, a full-page ad appeared in The Oregonian, Oregon’s largest newspaper. The “open letter,” addressed to Gov. Kate Brown, asked her to support Jordan Cove LNG, a controversial coastal liquefied natural gas (LNG) export terminal. Between the “COVID-19 pandemic and the ensuing economic fallout → Read More
COVID-19 cases are skyrocketing in Brazil, and the country’s oil industry is getting pummelled as a result → Read More
Royal Dutch Shell cut its dividend for the first time since 1945, cutting its payout by two-thirds → Read More
Oil major ExxonMobil announced a large capital expenditure cut today with much of the 30% capex cuts affecting its Permian operations → Read More
The $2 trillion stimulus bill that the U.S. Congress rushed to pass in order to respond to millions of job losses provided a once-in-a-generation opportunity for corporate lobbying. The oil and gas industry has been no exception, but some of the proposed initiatives are dividing the industry. → Read More
With the global economy reeling from the consequences of the coronavirus, the demand for oil products and crude oil has decreased significantly and several analysts now think that global consumption could fall by 10 million bpd → Read More
The outbreak and escalation of the coronavirus has raised serious oil demand concerns, driving prices down despite geopolitical risks and supply outages → Read More
Natural gas prices fell below $2 last week, and as the global gas market remains well supplied, prices could fall even further → Read More
Tesla has reported a surprise profit in the third quarter, with deliveries of the highly-popular Model 3 up and costs down - causing shorts to lose big → Read More
The prices of carbon credits in Europe has fallen in recent weeks as the Brexit deadline looms, but it looks like the upward trend for carbon prices is here to stay → Read More
It has been a tough decade for energy traders and an even tougher 2019, with energy stocks in the S&P 500 massively underperforming their counterparts → Read More
The administration just issued a shocking decision to the corn and ethanol industries, approving a large number of refinery waivers for ethanol usage → Read More
North Dakota oil drillers might not be able to increase production much further as transportation bottlenecks are beginning to limit their takeaway capacity → Read More
Despite its shale reserves and production potential, California’s decision makers are set to change regulation for this type of oil production → Read More
Libya’s civil war has taken a catastrophic turn, plunging the country even deeper into crisis → Read More
As the oil price halted and WTI dropped below $60, shale companies and their spending habits are once again coming under scrutiny → Read More
Global nuclear power capacity could plunge by two-thirds over the next 20 years as developed nations are not investing enough in the carbon-free form of electricity → Read More