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T&E study finds EU has replaced Russian oil barrel-for-barrel as continent fails to cut demand

Green Car Congress

Since the EU imposed sanctions on Russia in the wake of the invasion of Ukraine, there has been a redrawing of the global oil map, a new study by Transport & Environment (T&E) shows. Instead of cutting demand, Europe has simply replaced imports from Russia with oil from other producing countries.

Oil 370
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Obama Administration announces 21M-acre oil and gas lease sale offshore Texas

Green Car Congress

The US Department of the Interior will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. Ultra-deep gas royalty relief required under EPAct will still be available.

Oil 240
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US BOEM to offer more than 20M acres offshore Texas for oil and gas exploration; includes all available unleased areas in Western Gulf

Green Car Congress

The US Bureau of Ocean Energy Management (BOEM) will offer more than 20 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. Earlier post.) Earlier post.)

Oil 225
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Commentary: Could falling oil prices spark a financial crisis?

Green Car Congress

The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. As is the nature of the junk-bond market, lots of money flowed to companies with much riskier drilling prospects than, say, the oil majors. The situation will compound itself if oil prices stay low.

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DOE awards $35M to 12 ARPA-E projects to reduce methane emissions; 5 on natural gas engines

Green Car Congress

The US Department of Energy (DOE) announced $35 million in funding for twelve projects focused on developing technologies to reduce methane emissions in the oil, gas, and coal industries. Natural Gas Engines. Selection amount: $3,257,089). This would simultaneously reduce methane emissions and improve engine efficiency.

Gas 186
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Texas: From Shale Boom to Water Revolution

Green Car Congress

Texas is famous the world over for two things on a massive scale: oil and droughts. Now the slick but dry state is becoming famous for water: that precious element that both resolves the drought problem and also makes it possible to pump more oil out of the ground. by James Stafford of Oilprice.com.

Water 150
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Planet-Warming Texas Oil Refineries Embrace Communist Chinese Stance on Cutting Greenhouse Gas Emissions. CO2-Belching Texas Polluters Pony Up Millions To Overturn California’s AB 32

Creative Greenius

China “could not and should not&# set an upper limit on greenhouse gas emissions at the current phase, said Su Wei, the chief negotiator of China for climate change talks in Copenhagen, at a meeting in Beijing on China’s climate change policies in the post-Copenhagen era. They want to take the money and run.

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