The U.S. shale industry has peaked and it is still in a deep financial hole.| Powering the Planet
I’ve been researching and writing about the shale oil and gas industry for over 10 years now. For much of that time I’ve seen the U.S. shale industry treat gas (aka methane) as a waste product. In the Bakken they were flaring and venting up to 25%| Powering the Planet
By 1910, California was producing roughly a fifth of the world’s crude oil. Today it is producing roughly a fifth of the oil consumed by the state. Source In addition to experiencing serious oil production decline, California is also a “fuel island” due to the geographical and regulatory constraints| Powering the Planet
Leaks are not driving oil and gas methane pollution. Methane pollution is mostly due to normal oilfield operation.| Powering the Planet
History is likely to show that the idea of permanently polluting huge amounts of water and then trying to bury that water deep underground under high pressure likely was a really bad idea.| Powering the Planet
Something remarkable happened today in the pages of the Wall Street Journal today. In the article Exxon and Chevron Earnings Fall Back to Earth, a rather stunning quote snuck in explaining why investors weren’t as keen on Exxon as might be expected. “There’s still a lingering concern for| Powering the Planet