Sun, 2014-12-07 07:00Justin Mikulka
Justin Mikulka's picture

Elites Agree Oil Crash Crisis Is Opportunity To Lift Crude Export Ban

If the major oil producers see an opportunity to potentially produce an extra 3 million barrels per day of oil in the United States, they aren’t going to let it pass. To put that amount in perspective, in the past six months the highest daily total imported from Saudi Arabia,  was under 1.5 million barrels per day.

However, the oil companies can only find markets for this additional production and profit if the U.S. ban on exporting crude oil is lifted. And while logic would argue that pushing to increase the amount of oil being produced at a time when the oil price is crashing due to global oversupply of crude is an odd strategy, the oil companies are doing just that.

At the Columbia University Energy Symposium on November 21st, one of the day’s events was a “Fireside Chat” about ending the crude oil export ban featuring moderator Robert McNally, president of energy consultancy The Rapidan Group, and Marianne Kah, chief economist for ConocoPhillips.

Early in the conversation, McNally asked Kah, “In the grand scheme of things with all of the energy challenges we have, how important is this issue?”

Sat, 2014-12-06 08:05Carol Linnitt
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DeSmogCAST 5: Canada's Clean Energy Revolution, Oilsands Tailings Pollution and COP20 Expectations

DeSmogCAST

In this week's episode of DeSmogCAST we cover a new report in Canada that shows the clean energy sector making huge gains in investment and job-creation, despite a lack of strong support at the federal level. We also discuss a new study from Environment Canada that shows toxic pollutants from the Alberta oilsands' tailings ponds are being emitted into the atmosphere at much higher rates than previous estimated. Finally we turn our attention to the UNFCCC COP20 underway in Lima, Peru and ask what we can expect to see in the next week's top level, international climate negotiations.

Hosted by DeSmogBlog contributor Farron Cousins, this episode features DeSmog Canada's executive director Emma Gilchrist, DeSmogUK's new deputy editor Kyla Mandel and yours truly.

Sat, 2014-12-06 07:00Farron Cousins
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Contrary To BP PR, Most Oil Spill Claims Are Legit

For more than a year, oil giant BP has waged a massive public relations battle to convince Americans that the company has been bamboozled by the oil spill claims process relating to the 2010 Deepwater Horizon oil rig blowout.

This BP PR campaign has involved full-page newspaper ads paid for by the company suggesting it is being swindled by Gulf Coast residents who were not affected by the oil spill. BP spokesepeople have appeared in the media to argue that the claims process has been “absurd.” And evidence even suggests that the company has employed online “trolls” to attack legitimate victims on social media websites.

BP has spent hundreds of millions of dollars on this PR blitz, all because they want to avoid paying out any more claims to Gulf Coast residents. But the problem the company is running into now is that independent investigations have shown that the claims process is not rife with fraud, as BP has claimed.

At least 99.5% of the claims that have been filed are legitimate, according to an audit.

Fri, 2014-12-05 11:00Mike Gaworecki
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George Shultz, Reagan's Secretary Of State, On Climate Change: "The Potential Results Are Catastrophic"

George Shultz, who served as President Ronald Reagan's Secretary of State from 1982 to 1989, is not only willing to buck the Republican Party's orthodoxy on global warming by acknowledging climate science, he's outright calling for action. And he's even willing to walk the talk.

Shultz, a former University of Chicago economics professor and president of Bechtel, has installed solar panels on his house and drives an electric car around the Stanford University campus, where he’s a distinguished fellow at the Hoover Institution on War, Revolution, and Peace.

According to Bloomberg, Shultz’s climate awakening came when a retired Navy admiral showed him time-lapse footage of disappearing Arctic sea ice and “explained the implications for global stability.”

“The potential results are catastrophic,” Shultz says to his fellow Republicans. “So let’s take out an insurance policy.”

Fri, 2014-12-05 06:00Sharon Kelly
Sharon Kelly's picture

New Report Highlights Fracking's Global Hazards

A new report, issued the same day the latest round of global climate negotiations opened in Peru, highlights the fracking industry's slow expansion into nearly every continent, drawing attention not only to the potential harm from toxic pollution, dried-up water supplies and earthquakes, but also to the threat the shale industry poses to the world's climate.

The report, issued by Friends of the Earth Europe, focuses on the prospects for fracking in 11 countries in Africa, Asia, North and South America and Europe, warning of unique hazards in each location along with the climate change risk posed in countries where the rule of law is relatively weak.

“Around the world people and communities are already paying the price of the climate crisis with their livelihoods and lives,” said Susann Scherbarth, climate justice and energy campaigner at Friends of the Earth Europe. “Fracking will only make things worse and has no place in a clean energy future.”

The 80-page document describes plans for fracking in Brazil's Amazon rainforest (and the deforestation that would go along with that drilling), highlights the hazards the water-intensive process poses to already-disappearing aquifers in arid regions of northern Africa, and notes that licenses for shale gas drilling have been issued in the earthquake-prone zone at the foot of the Himalaya mountains in India.

It comes as representatives from 195 countries gathered Monday in Lima, with the goal of negotiating new limits on greenhouse gasses and staving off catastrophic climate change. Prospects for those talks seemed grim, with The New York Times reporting that it would be all but impossible to prevent the globe from warming 2 degrees.

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