Browsing the "oil" Tag

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Biden bets a million barrels a day will drive down soaring gas prices – what you need to know about the Strategic Petroleum Reserve

The Biden administration on March 31, 2022, said it plans to release an unprecedented 180 million barrels of oil from the U.S. Strategic Petroleum Reserve to combat the recent spike in gas and diesel prices. About a million barrels of oil will be released every day for up to six months. Scott L. Montgomery, University […]

April 3rd

Ukraine War: How Russia hooked Europe on its oil and gas – and overcame US efforts to prevent energy dependence on Moscow

The Biden administration hopes its threat of “severe economic consequences” deters Russia from invading Ukraine – an event Americans officials say could be imminent.   By Ryan Haddad, University of Maryland The Conversation In response, the U.S. said it may ban the export of microchips and other technologies to critical sectors like artificial intelligence and […]

February 15th

End of Canada’s destructive oilsands? Financial regulators worry about the risks of climate change

New battle lines are being drawn between Canada’s financial regulators and Alberta’s oilpatch over the country’s climate change policies. The Bank of Canada and Canada’s Office of the Superintendent of Financial Institutions (OSFI) recently released a pilot study that looked at how prepared Canada’s financial institutions are in understanding and managing climate change risks. The […]

February 7th

The plastic recycling system is broken – here’s how we can fix it

The investor Warren Buffett once remarked that “only when the tide goes out do you discover who’s been swimming naked”. For the plastics recycling industry, the pandemic was a bit like the tide going out, exposing its deep-rooted structural problems. By Eleni Iacovidou, Brunel University London and Norman Ebner, University of Oxford The Conversation Specifically, […]

October 21st

SoCal marine protected areas, Sacramento-San Joaquin Delta threatened by oil and gas wells

A recent report by Kyle Ferrar of the Fractracker Alliance confirms my extensive reporting on how the Marine Life Protection Act (MLPA) Initiative in Southern California, chaired by Western States Petroleum Association (WSPA) President, did little or nothing to protect the marine environment from oil and gas drilling. By Dan Bacher The report also reveals the […]

February 17th

It’s time for states that grew rich from oil, gas and coal to figure out what’s next

These are very challenging times for U.S. fossil fuel-producing states, such as Wyoming, Alaska and North Dakota. The COVID-19 economic downturn has reduced energy demand, with uncertain prospects for the extent of its recovery. Meanwhile, rising concern about climate change and the declining cost of renewable energy are precipitating a sharp decline in demand for […]

September 28th