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Arctic oil on life support

Green Car Congress

But achieving the goals of tapping the extensive oil reserves in the Arctic has been much harder than previously thought. Shell’s mishaps have been well-documented. Oil companies are scratching their heads trying to figure out how to deal with a collapse in oil prices, now below $50 per barrel. Source: [link].

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National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

Green Car Congress

Very broadly, they found that an LCFS would buffer the economy against global oil price spikes, trim demand for petroleum, and lessen upward pressure on gas prices. They would do so by documenting their lower emissions. Allowing companies to opt in encourages innovation by rewarding producers for reducing emissions.

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