shale oil Archives

CLIMATE CRISIS

A black day for the planet: Trump sounds death knell for Paris pact

30th March 2017

Down to Earth reports: With his executive order, which lifts the ban on coal production and lifts restrictions on production of oil, natural gas, ‘clean coal’ and shale energy, U.S. President Donald Trump has literally started the process of dismantling the Paris Climate Agreement— the landmark international pact adopted in 2015 to fight climate change….

CLIMATE CRISIS

News update

23rd December 2014

The Oil Price Crash of 2014 Richard Heinberg, Post Carbon Institute Oil prices have fallen by half since late June. This is a significant development for the oil industry and for the global economy, though no one knows exactly how either the industry or the economy will respond in the long run. Since it’s almost…

CLIMATE CRISIS

News update

17th December 2014

Editor’s note: The ongoing oil price war that pits a shale-boom riding U.S. and their allies OPEC against arch rivals Russia, Iran and Venezuela could have far-reaching consequences. It has begun to seriously impact a Russian economy already isolated by U.S. and EU sanctions. At a time when Ukraine is a flashpoint between the West and Russia, such…

Conflict/Dispossession

News update

15th October 2014

U.S. Streaks Past Saudi Arabia as World’s Largest Oil Producer Breitbart News The United States surpassed all other countries this year with daily crude oil and other petroleum liquids reaching 11 million barrels per day (mbd). Since the beginning of 2011, U.S. liquid fuels grew by more than 4 mbd, including 3 mbd of crude…

CLIMATE CRISIS

News update

3rd September 2014

Limits to Growth was right. New research shows we’re nearing collapse From The Guardian The 1972 book Limits to Growth, which predicted our civilisation would probably collapse some time this century, has been criticised as doomsday fantasy since it was published. Research from the University of Melbourne has found the book’s forecasts are accurate, 40 years…

Conflict/Dispossession

News update

7th July 2014

The Peak Oil Crisis: Iraq on the Precipice From Oilprice.com ISIS now has control of one of three major refineries in Iraq which supplies the motor fuel and oil for power stations for the northern part of Iraq. Let’s assume, however, that before this year or next is out, Iraqi oil exports drop substantially as…

ENERGY

News update

19th June 2014

Iraq crisis: India braces for Rs 20,000 cr hole in budget as oil could rise to $120 per barrel From Firtsbiz.com India’s government sees oil prices going as high as $120 per barrel for three to four months because of fighting in Iraq, potentially driving a hole of at least Rs 20,000 crore ($3.4 billion)…

CLIMATE CRISIS

Sustainability and Collapse – Two Debates

30th January 2014

Development and sustainability – the debate Sagar Dhara (founder member of Peak Oil India group), raises important issues for a discussion on development and sustainability. This piece is based on Aseem Shrivastava and Ashish Kotharis’ book, Churning the Earth, published last year, which discusses the growing economic inequity and environmental degradation in India in the last…