U.A.E. Sees OPEC Output Unchanged Even If Oil Falls to $40

Bloomberg, By Anthony DiPaola & Mahmoud Habboush, December 14

OPEC will stand by its decision not to cut crude output even if oil prices fall as low as $40 a barrel and will wait at least three months before considering an emergency meeting, the United Arab Emirates’ energy minister said.

OPEC won’t immediately change its […]

Will Lima climate talks pave way for a binding treaty in Paris in 2015?

Failure will condemn developing countries to unchecked climate change for another generation, and the poorest countries will be worst hit

The Guardian, By John Vidal, November 30

When, on Monday morning in Peru, 4,000 diplomats from the world’s 196 countries start their mammoth session to negotiate a new legally-binding global climate deal, they will know […]

OPEC move puts US shale in tight spot

AFP, November 28

New York – In taking no action on production Thursday, OPEC did the opposite of what it usually does. It effectively rubber-stamped a supply glut that already has sent prices plunging.

But to many analysts, the cartel’s seeming enthusiasm for lower crude oil prices was not really all that surprising. Rather, the […]

Republicans Vow to Fight E.P.A. and Approve Keystone Pipeline

New York Times, By Coral Davenport, November 10

Washington – The new Republican Congress is headed for a clash with the White House over two ambitious Environmental Protection Agency regulations that are the heart of President Obama’s climate change agenda.

Senator Mitch McConnell, the next majority leader, has already vowed to fight the rules, which […]

IPCC: rapid carbon emission cuts vital to stop severe impact of climate change

Most important assessment of global warming yet warns carbon emissions must be cut sharply and soon, but UN’s IPCC says solutions are available and affordable.

The Guardian, By Damian Carrington, November 2

Copenhagen – Climate change is set to inflict “severe, widespread, and irreversible impacts” on people and the natural world unless carbon emissions are […]

Think Tank Memories

Renegade Economists: October 1, 2014: DOUBLETHINK TANKS, TAR SANDS, WATER & IMPERIALISM.

Michael Hudson, October 9

Karl Fitzgerald: This week on the Renegade Economists we’re joined by Professor Michael Hudson, the author of The Bubble & Beyond, Super Imperialism, and a host of other books. You can read his work at www.Michael-Hudson.com. Certainly our favourite […]

Lockheed says makes breakthrough on fusion energy project

Reuters, By Andrea Shalal, October 15

Washington – Lockheed Martin Corp said on Wednesday it had made a technological breakthrough in developing a power source based on nuclear fusion, and the first reactors, small enough to fit on the back of a truck, could be ready for use in a decade.

Tom McGuire, who heads […]

Confirmed: California Aquifers Contaminated With Billions Of Gallons of Fracking Wastewater

DeSmogBlog, By Mike G., October 7

After California state regulators shut down 11 fracking wastewater injection wells last July over concerns that the wastewater might have contaminated aquifers used for drinking water and farm irrigation, the EPA ordered a report within 60 days.

It was revealed yesterday that the California State Water Resources Board has […]

Rosneft Says Exxon Arctic Well Strikes Oil

Bloomberg, By Ilya Arkhipov, Stephen Bierman & Ryan Chilcote, September 27

Russia, viewed by the Obama administration as hostile to U.S. interests, has discovered what may prove to be a vast pool of oil in one of the world’s most remote places with the help of America’s largest energy company.

Russia’s state-run OAO Rosneft (ROSN) […]

People’s Climate March 2014: Massive Global Rally to Be Held Sept. 21

NYT

Latin Post, By Rebecca S. Myles, September 3 ( Agonist thread originally posted Sep.9)

The People’s Climate March, a massive global rally on Sept. 21 in New York City, will lead up to a specially called-for United Nations summit on the climate crisis.

To date, 950 supporting organizations are supporting the mass rally, […]

How Hillary Clinton’s State Department Sold Fracking to the World

A trove of secret documents details the US government’s global push for shale gas.

Mother Jones, By Mariah Blake, September/October ’14

One icy morning in February 2012, Hillary Clinton’s plane touched down in the Bulgarian capital, Sofia, which was just digging out from a fierce blizzard. Wrapped in a thick coat, the secretary of state […]

Fukushima nuclear meltdown worse than initially reported – TEPCO

Russia Today, August 7

The meltdown at the Fukushima Daiichi nuclear power plant’s third reactor building was even worse than initially believed, Tokyo Electric Power Co. (TEPCO) has announced.

In fact, the power company’s new appraisal of the Fukushima No. 3 reactor building shows that all – or nearly all – of the fuel rods […]

BP’s Latest Estimate Says World’s Oil Will Last 53.3 Years

OilPrice.com, By Andy Tully, July 13

According to BP, drivers whose vehicles rely on burning oil have a little more than a half-century to find alternate sources of energy. Or walk.

BP’s annual report on proved global oil reserves says that as of the end of 2013, Earth has nearly 1.688 trillion barrels of crude, […]

Israel accepts first delivery of disputed oil from Iraqi Kurdistan’s pipeline

Tanker reportedly delivers disputed crude oil from Kurdistan’s new pipeline despite legal threats by Iraqi government.

Reuters, By Julia Payne, June 21

A tanker delivered a cargo of disputed crude oil from Iraqi Kurdistan’s new pipeline for the first time on Friday in Israel, despite threats by Baghdad to take legal action against any buyer.

[…]

What Green Revolution? Coal Use Highest In 44 Years

OilPrice.com, By Nick Cunningham, June 18

U.S. President Barack Obama may be engaging in a “war on coal” with carbon regulations intended to shrink coal’s share of energy production, but worldwide, coal is in its strongest position in decades. In 2013, enough coal was burned to meet 30.1 percent of the world’s energy demands — […]

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