User: flenvcenter Topic: Energy-National
Category: Fossil Fuels :: Oil and Gas
1 new since Jul 29 2015 24:55 IST RSS 2.0
 
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Markets Are About to Deal With Climate -- Get Ready for Ugly 29.7.2015 Politics on HuffingtonPost.com
Advocates of "market-based" climate solutions paint pastel pictures reflecting smoothly adjusting macro-economic models. Competitive markets gradually nudged by carbon pricing glide into a low carbon future in a modestly disruptive fashion, much as sulfur pollution from power plants was scaled back in the 1990s. But commodity markets for oil and gas don't work that way. These real markets are poised to savagely strand assets, upset expectations, overturn long established livelihoods and leave a trail of wreckage behind them -- unless climate advocates start owning the fruits of their own success, and preparing for the transition. Schumpeter's destructive engine of capitalism is about to show its ugly side. Two powerful forces are currently driving energy markets and climate outcomes. Fossil fuel prices are indeed opening the door to climate solutions, but not through the gradual carbon pricing mechanisms so favored by economists (and recently, reluctantly beginning to be explored by conservative ...
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The Balance of Power in the Middle East Just Changed 28.7.2015 Commondreams.org Views
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Murkowski's Big Oil Giveaway: Profits Over People 28.7.2015 Commondreams.org Views
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PREPA Must Abandon Its Dependency on Heavy Oil for the Sake of the Puerto Rican Economy 28.7.2015 Politics on HuffingtonPost.com
This post is in response to an article published on the Washington Post by Jacob Bogage on July 21, 2015, titled "Study: Pepco is the country's worst utility at connecting solar power." Although it is no secret that Puerto Rico's deep economic crisis extends far beyond anything the island has seen in its modern history, few opinion makers and pundits discuss in detail how high energy costs and the Commonwealth's monopoly over utilities constitute one of the main roadblocks for economic recovery and competitiveness. With a total of $72 billion debt outstanding, Puerto Rico's debt equals 70 percent of its economic output, far more than any U.S state. The island's public debt as a percent of 2013 personal income has reached 87.5 percent. That compares with the average of all 50 states of 3.1 percent. However, Puerto Rico's debt is hardly a monolithic credit. A recent study prepared by Anne Krueger, a Professor of International Economics at the John Hopkins University and former Deputy Managing Director of ...
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Drinking from the river at the Unist'ot'en Camp 28.7.2015 rabble.ca - News for the rest of us

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The Balance of Power in the Middle East Just Changed 28.7.2015 Truthout - All Articles
Don't sweat the details of the July nuclear accord between the United States and Iran. What matters is that the calculus of power in the Middle East just changed in significant ways. Washington and Tehran announced their nuclear agreement on July 14th and yes, some of the details are still classified. Of course the Obama administration negotiated alongside China, Russia, Great Britain, France, and Germany, which means Iran and five other governments must approve the detailed 159-page " Joint Comprehensive Plan of Action ." The U.N., which also had to sign off on the deal, has already agreed to measures to end its sanctions against Iran. If we're not all yet insta-experts on centrifuges and enrichment ratios, the media will ensure that in the next two months - during which Congress will debate and weigh approving the agreement - we'll become so. Verification strategies will be debated. The Israelis will claim that the apocalypse is nigh. And everyone who is anyone will swear to the skies that the devil is ...
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Twenty-Five Years After Exxon Valdez, Kayaks Charge Against Arctic Drilling and Climate Change 28.7.2015 Truthout - All Articles
A few days ago, concerned citizens and environmental groups gathered in San Francisco in solidarity with "kayaktivists" in the Pacific Northwest and Alaska, who have been expressing outrage against Shell and the lack of leadership exhibited by President Obama. This story could not have been published without the support of readers like you. Click here to make a tax-deductible donation to Truthout and fund more stories like it! It's been more than 25 years since the Exxon Valdez oil spill, one of the worst human-caused environmental disasters in history that devastated nearly 1,300 miles of pristine coastline in one of the last remaining wild places on earth. On March 24, 1989, the oil tanker struck Prince William Sound's Bligh Reef in Alaska, spilling more than 11 million gallons of crude oil in an ecosystem that was once a rich, vital habitat for salmon, sea otters, seals and seabirds. Twenty-five years later, that ecosystem remains polluted by toxic contaminants. This week, Royal Dutch Shell PLC ...
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Statoil Q2 profits hit by lower oil prices, higher costs 28.7.2015 Yahoo: Top Stories
HELSINKI (AP) — Norwegian energy company Statoil says it was hit by lower oil prices, increased depreciation and higher drilling costs in the second quarter, causing net profit to fall 16 percent to 10.1 billion kroner ($1.2 billion).
Energy company BP slides to loss in 2nd quarter 28.7.2015 Yahoo: Top Stories
LONDON (AP) — BP reported a second-quarter loss Tuesday after the London-based oil company set aside another $10.8 billion to cover the cost of the Deepwater Horizon accident.
BP sinks into Q2 loss on oil spill charge, price slump 28.7.2015 World
BP said Tuesday it sank into the red in the second quarter, after taking a vast $10.8-billion (9.8-billion-euro) hit on costs linked to the deadly 2010 Gulf of Mexico oil spill. The British energy giant's performance also took a heavy knock from slumping global oil prices. "In the quarter BP took a charge of $10.8 billion in total related to the Gulf of Mexico oil spill -- including $9.8 billion associated with the government settlements as well as charges for further business economic loss claims and other ongoing costs," BP said in the earnings ...
Explosion shuts down Iran-Turkey natural gas pipeline 28.7.2015 Iraq
ANKARA, Turkey (AP) — Turkey's energy minister says an explosion on a natural gas pipeline between Iran and Turkey caused a large fire and shut down the flow of gas.
Why China Matters to Your Money 28.7.2015 Yahoo: Business
Red on U.S. stock screens Monday started after Chinese stocks took an 8.5% nosedive overnight. 
The Persistence of Change: Coal Gets Pushed Off the Podium 28.7.2015 Switchboard, from NRDC
Sierra Martinez, Legal Director, California Energy Projects, San Francisco: Government figures out today show that for the single month of April, history was made in the electric sector: For the first time, the amount of electricity generated from coal resources in one month was less than the amount generated...
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Three Ways The Energy Policy Act Ushered In The Frackopoly 27.7.2015 Commondreams.org Views
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Murkowski's Big Oil Giveaway: Profits Over People 27.7.2015 Switchboard, from NRDC
Franz Matzner, Director Beyond Oil Initiative, Washington, D.C.: This week the Senate Energy Committee will consider a bill that would simultaneously lift the decades old crude-oil-export ban and mandate drilling across a vast swath of the nation's publicly owned ocean waters from the Arctic to the Atlantic coast,...
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More Layoffs Expected at U.S. Energy Firms 26.7.2015 Wall St. Journal: US Business
U.S. energy companies are planning more layoffs, asset sales and financial maneuvers to deal with a recent, sudden drop in U.S. crude-oil prices to under $50 a barrel, the lowest level in four months.
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Road Hazard: How the "Embarrassing" Gas Tax Impasse Explains Washington 26.7.2015 Truthout - All Articles
In 1993, the Dow Jones industrial average was still well under 4,000, the best-selling car in the country was the Ford Taurus, and the average cost of a Major League Baseball ticket was under $10 . That was also the year that Congress last raised the federal tax on gasoline. The gas tax pays most of the tab for America's federal highway program; it's what we rely on for new highways and for the bridge repairs that keep us safe. Those costs go up every year, but the tax remains stuck at 18.4 cents per gallon. In fact, it's effectively going down: since it was last raised, those 18.4 cents have lost more than a third of their value to inflation, and at the same time drivers with fuel-efficient vehicles have been buying less gasoline, further reducing the federal take. As a result, the main US spending account for infrastructure has fallen deep in the red, and the gap gets worse every year. The government, through a series of funding tricks, keeps the Highway Trust Fund on life support with short-term ...
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Math Works Great—Until You Try to Map It Onto the World 25.7.2015 Wired Top Stories
A 115-year effort to bridge the particle and fluid descriptions of nature has led mathematicians to an unexpected ...
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Edison seeks proposals for solar, other renewable forms of energy 25.7.2015 LA Times: Business
Southern California Edison announced a proposal Friday to purchase almost 105 megawatts of renewable power as part of the utility's effort to meet state requirements for broader use of energy sources such as solar.
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#NPRreads: Electric Dylan, Fracking And The Iran Deal Deconstructed 24.7.2015 NPR News
Also this week, the world's most famous DJ you've probably never heard.
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