User: flenvcenter Topic: Energy-National
Category: Fossil Fuels :: Oil and Gas
Last updated: May 31 2016 05:59 IST RSS 2.0
 
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$50 oil not a major threat to consumers, economy 27.5.2016 Salt Lake Tribune
New York • The price of oil topped $50 a barrel this week for the first time since July, delivering a cash infusion to oil producers and a lift to beaten-down energy stocks. Yet the arrival of higher energy prices isn’t necessarily bad news for consumers — at least not yet. Analysts expect gasoline and airline fares to stay relatively low at least through the summer travel season. And most think the economy can withstand slightly higher energy costs. Analysts say oil prices could rise further, b... <iframe src="http://www.sltrib.com/csp/mediapool/sites/sltrib/pages/garss.csp" height="1" width="1" > </frame>
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There's a lot to unpack in just one of Donald Trump's answers about energy policy 27.5.2016 Washington Post: Politics
Let's provide some context.
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This Oil Giant Proves Exxon Could Do A Lot More About Climate Change 27.5.2016 Green on HuffingtonPost.com
It has been a vexing week for many environmentalists. At ExxonMobil’s shareholder meeting on Wednesday, investors rejected all but one proposal to make the company more transparent about the risks climate change and climate policy could pose to its business. They also defeated a proposal to recognize the need to limit global warming to 2 degrees Celsius above pre-industrial levels.  Shareholders who supported the proposals weren’t happy about the outcome. "Our company has chosen to disregard the consensus of the scientific community , the will of the 195 nations that signed the Paris agreement," Sister Patricia Daly, an ExxonMobil shareholder and sponsor of one of the climate-related resolutions, told The Associated Press. But while ExxonMobil has perennially resisted proposals to acknowledge the full extent of climate risks, several European oil companies have not. In 2015, investors in BP, Royal Dutch Shell and the Norwegian firm Statoil all voted, nearly unanimously, in favor of resolutions similar to ...
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Trump uses energy speech to outline general election pitch 27.5.2016 AP Politics
BISMARCK, N.D. (AP) -- Presumptive Republican presidential candidate Donald Trump unveiled an &quot;America first&quot; energy plan he said would unleash unfettered production of oil, coal, natural gas and other energy sources to push the United States toward energy independence....
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Solar Surges: Renewable Energy Jobs Topped 8 Million in 2015 27.5.2016 CommonDreams.org Headlines
Andrea Germanos, staff writer

On the heels of clean fuel milestones in Germany and Portugal , a new report finds that the renewable energy industry employed over 8.1 million people worldwide in 2015.

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$50 oil shouldn't pose major threat to consumers, economy 27.5.2016 AP Business
NEW YORK (AP) -- The price of oil topped $50 a barrel this week for the first time since July, delivering a cash infusion to oil producers and a lift to beaten-down energy stocks....
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Gas leak in downtown Seattle comes day after lights go out 27.5.2016 Seattle Times: Local

Utility workers have capped a gas leak that forced the closure of a portion of Fourth Avenue in downtown Seattle
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Clashes, oil blockades over France’s economic future 27.5.2016 Washington Post: World
Volley after volley of tear gas poisoned the Paris air Thursday, as authorities struggled against nationwide strikes and a groundswell of public anger at a high-stakes government attempt to change the way France views work.
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Oil World in Chaos and the Desperate Plight of the Petro-States 26.5.2016 Commondreams.org Views
Michael T. Klare

Pity the poor petro-states. Once so wealthy from oil sales that they could finance wars, mega-projects, and domestic social peace simultaneously, some of them are now beset by internal strife or are on the brink of collapse as oil prices remain at ruinously low levels. Unlike other countries, which largely finance their governments through taxation, petro-states rely on their oil and natural gas revenues.

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The Desperate Plight of Petro-States 26.5.2016 Truthout - All Articles
(Photo: Mr. Hicks46 ; Edited: LW / TO) Pity the poor petro-states. Once so wealthy from oil sales that they could finance wars, mega-projects, and domestic social peace simultaneously, some of them are now beset by internal strife or are on the brink of collapse as oil prices remain at ruinously low levels. Unlike other countries, which largely finance their governments through taxation, petro-states rely on their oil and natural gas revenues. Russia, for example, obtains about 50% of government income that way; Nigeria, 60% ; and Saudi Arabia, a whopping 90% . When oil was selling at $100 per barrel or above, as was the case until 2014, these countries could finance lavish government projects and social welfare operations, ensuring widespread popular support. Now, with oil below $50 and likely to persist at that level, they find themselves curbing public spending and fending off rising domestic discontent or even incipient revolt. At the peak of their glory, the petro-states played an outsized role in ...
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Trump to deliver energy policy speech in North Dakota 26.5.2016 AP Politics
BISMARCK, N.D. (AP) -- Republican presidential candidate Donald Trump will deliver his first policy speech on energy on Thursday, hours after locking up enough delegates to secure the GOP nomination....
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Trump to deliver energy policy speech in North Dakota 26.5.2016 Seattle Times: Nation & World

BISMARCK, N.D. (AP) — Republican presidential candidate Donald Trump will deliver his first policy speech on energy on Thursday, hours after locking up enough delegates to secure the GOP nomination. Trump will be speaking at the annual Williston Basin Petroleum Conference in Bismarck, North Dakota, and is expected to lay out an “all of the […]
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The Desperate Plight of Petro-States 26.5.2016 Green on HuffingtonPost.com
Cross-posted with TomDispatch.com Pity the poor petro-states. Once so wealthy from oil sales that they could finance wars, mega-projects, and domestic social peace simultaneously, some of them are now beset by internal strife or are on the brink of collapse as oil prices remain at ruinously low levels. Unlike other countries, which largely finance their governments through taxation, petro-states rely on their oil and natural gas revenues. Russia, for example, obtains about 50% of government income that way; Nigeria, 60% ; and Saudi Arabia, a whopping 90% . When oil was selling at $100 per barrel or above, as was the case until 2014, these countries could finance lavish government projects and social welfare operations, ensuring widespread popular support.  Now, with oil below $50 and likely to persist at that level, they find themselves curbing public spending and fending off rising domestic discontent or even incipient revolt. At the peak of their glory, the petro-states played an outsized role in world ...
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Protests Escalate In France As Labor Groups Face Off With Government 26.5.2016 NPR News
French President Francois Hollande wants to loosen the nation's strict labor code. The country's largest union is fiercely opposed.
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Iran's Oil Deals Hit Banking Snag 26.5.2016 Wall St. Journal: US Business
Even after the lifting of international sanctions against Iran, long-standing U.S. banking limitations are impeding the country’s oil resurgence by forcing energy companies to use small lenders or barter to get their deals done.
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Climate resolutions fall short at ExxonMobil’s annual meeting 26.5.2016 Washington Post
Climate resolutions fall short at ExxonMobil’s annual meeting
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Documents: IOGCC-Spawned Loophole Creating Frackquake Crisis Faces Federal Lawsuit 26.5.2016 Green on HuffingtonPost.com
Cross-Posted from DeSmogBlog On May 4, several environmental organizations filed a lawsuit against the U.S. Environmental Protection Agency (EPA), calling for an end to the regulatory exemption it carved out in the late 1980s for the oil and gas industry with regards to how it handles industrial waste. Photo Credit:  United States Geological Survey That exemption to the Resource Conservation and Recovery Act (RCRA) of 1976, a recent DeSmog investigation showed , was pushed in the forefront almost from day one of RCRA's passage by the Interstate Oil and Gas Compact Commission (IOGCC). IOGCC is a U.S. Congress-chartered interstate compact consisting of U.S. oil and gas producing states, with a membership roll that includes state-level regulators, industry lobbyists and executives. The EPA, which granted the oil and gas industry the RCRA exemption in 1988, serves as an IOGCC affiliate member. An ongoing DeSmog investigation  into IOGCC has exhibited that it often behaves like an unregistered lobbying node ...
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Power plant proposals for Southern California spark an energy debate 26.5.2016 LA Times: Commentary

A new wave of natural gas power plants planned for Southern California has stoked a high-stakes debate about how best to keep the lights on throughout the region.

Green groups believe renewable energy has received short shrift by utilities proposing these facilities from Carlsbad to Oxnard. But operators...

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Oil Giant Total Acknowledges Changes Necessary to Meet Global Climate Agreement 26.5.2016 Commondreams.org Newswire
Sierra Club French oil giant Total released a report yesterday recognizing the need to change its strategy to meet the global climate agreement set in Paris last year and remain consistent with the International Energy Agency’s two degree celsius scenario. Included in Total’s plan is reducing its exposure to tar sands oil development, refusing oil exploration and development in the Arctic, and applying an internal cost of carbon when evaluating ...
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We Stopped Keystone, Canada Can Stop Energy East 26.5.2016 Commondreams.org Views
Ben Gotschall

Since I last visited Canada to share my experiences dealing with TransCanada as a rancher along the proposed Keystone XL path, and as a member of Bold Nebraska, a lot has changed. President Obama has since put the final nail in the coffin of Keystone XL, listening to the voices of ranchers, Indigenous communities and climate activists united in their opposition to the tar sands, or oil sands, pipeline.

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