Tag archives for oil

Oil has begun flowing on the southern segment of North America’s most controversial pipeline project: the Keystone XL. TransCanada announced Wednesday that it had begun operations to send crude from the congested pipeline and storage hub of Cushing, Oklahoma to the refining center of the U.S. Gulf Coast. (See related Interactive: Mapping the Flow of…

U.S. officials are weighing a wide range of actions to address what they view as the increasing public risk due to oil trains. Thanks to the booming oil production in North Dakota’s Bakken shale, and the ramp-up of ethanol production throughout the Midwest, U.S. railways now are carrying an unprecedented volume of flammable liquid—and the…

The kidnapping of two American citizens from an oil-supply platform vessel off the coast of Nigeria has put the spotlight on the sharp rise in pirate attacks in West Africa. On Thursday, a U.S. official said the captain and chief engineer of the U.S.-flagged C-Retriever were taken by armed men who stormed the 200-foot ship…

The British government’s long-awaited “policy framework” on the Arctic is not likely to please environmentalists who would like to see an outright moratorium on oil and natural gas drilling. But Clive Archer, emeritus professor and former head of the Manchester Metropolitan University’s European Institute, who has studied Arctic issues extensively, believes it is an important…

The International Energy Agency made headlines nearly one year ago with its bold forecast that the United States was on track to being the world’s top oil and natural gas producer by 2017. (See related, “U.S. to Overtake Saudi Arabia, Russia as World’s Top Energy Producer.”) It turns out that the United States is fracking…

Comments Off on Forum on Arctic ‘Science of Change’ Focuses on Decisions at the Top of the World

The United Kingdom may not be an Arctic nation, but it has a unique perch on the front line of the dramatic change reshaping the polar north. The U.K. government now is preparing to unveil an Arctic policy framework, its own version of the strategy documents  put forth by nations in the thick of decision-making…

Peak Oil Flip-Flop

There’s a new twist in the “peak oil” debate. Is it good news for the climate? Peak Oil Question Remains, Debate Continues Ever since M. King Hubbert advanced the theory of peak oil in 1956, experts and non-experts alike have been debating about timing and relevance. (See here, here, here and here.) Hubbert’s argument seems like a…

Comments Off on Outlook for Gas Prices: A Bit Lower This Summer

Gasoline prices for U.S. drivers will be about six cents lower on average this summer compared to last year, according to a new forecast. The Energy Information Administration (EIA) predicts that the average retail price for a gallon of regular gasoline will be $3.63, compared to $3.69 last year. That’s only a slight bump up…

The ethanol mandate in gasoline is starting to sting.

Crude oil production in the United States surpassed 7 million barrels per day (bpd) in November last year, the first time since December 1992 that output reached that level. According to numbers released by the U.S. Energy Information Administration today, the U.S. produced 7.013 million bpd in November and 7.030 million bpd in December. Driven…