Wall Street Journal (March 19)
“Escalating attacks on Persian Gulf oil-and-gas infrastructure are sending the U.S.-Israeli war with Iran into a dangerous new phase that threatens to worsen the crisis over global energy supplies…. Israel and Iran had already hit energy facilities throughout the nearly three-week-old war, but Wednesday’s attacks struck some of the world’s most important hubs and raised the prospect of tit-for-tat volleys against oil-and-gas facilities.”
Tags: Attacks, Crisis, Dangerous, Escalating, Facilities, Gas, Global energy, Hubs, Infrastructure, Iran, Israeli, New phase, Oil, Persian Gulf, Threatens, Tit-for-tat, U.S., War, Worsen
OilPrice.com (March 11)
“The world’s top crude oil and LNG importer, China, is not as exposed and vulnerable to energy deliveries from the Middle East as one might think. China has been amassing crude volumes in storage for months, it has been working for years to diversify oil and gas supply sources and routes, and has boosted the share of transport electrification, which has reduced demand for road transportation fuels.”
Tags: China, Crude oil, Demand, Electrification, Energy, Exposed, Gas, Importer, LNG, Middle East, Storage. Diversify, Supply sources, Transport, Vulnerable
The Guardian (August 14)
“As parts of the developing world get wealthier, people eat more meat, meaning more forest and grassland is obliterated and greater emissions are belched out by livestock and its attendant machinery, feed and chemicals. Even if we do manage to kick the habit of coal, oil and gas, modern agriculture now has enough heft on its own to shove us headlong into environmental catastrophe.” Food production remains “in a relative stone age when it comes to the climate crisis.” A revolution is necessary if we are to solve “food’s climate problem.”
Tags: Agriculture, Chemicals, Climate crisis, Coal, Developing world, Emissions, Environmental catastrophe, Feed, Food production, Forest, Gas, Grassland, Livestock, Machinery, Meat, Oil, Stone age, Wealthier
Washington Post (May 14)
Plastic production is estimated to create roughly 5% “of all greenhouse gas emissions… more than all shipping or the entire airline industry.” But that estimate only “accounts for gases released when companies drill for oil and gas, transport it to refineries, turn it into plastic and mold it into products.” It ignores factors such as “how microplastics in the ocean and soil disrupt the natural cycles that pull carbon dioxide out of the atmosphere and cool the planet.” Though “scientists have long known that making plastic warms the planet,” plastic may ultimately “be heating the Earth even more than we realized.”
Tags: 5%, Airline industry, Atmosphere, CO2, Disrupt, Drill, Gas, GHG emissions, Microplastics, Mold, Natural cycles, Ocean, Oil, Plastic, Production, Products, Refineries, Scientists, Shipping, Soil, Transport
Wall Street Journal (April 27)
Exxon and Chevron “are still printing big profits, but their postpandemic run of record earnings is slowing down.” After gyrating with Russia’s invasion of Ukraine, “oil-and-gas supplies have largely stabilized… and analysts say companies such as Exxon—the western world’s largest oil refiner—will have to prove it can keep costs down and production up if the benefits of external market forces continue to ebb.”
Tags: Analysts, Chevron, Costs, Earnings, Exxon, Gas, Gyrating, Invasion, Oil, Postpandemic, Production, Profits, Record, Refiner, Russia, Stabilized, Supply, Ukraine
New York Times (August 13)
“Across the country, a profound shift is taking place that is nearly invisible to most Americans. The nation that burned coal, oil and gas for more than a century to become the richest economy on the planet, as well as historically the most polluting, is rapidly shifting away from fossil fuels.” The energy transition is further along in other places like Europe, but “the United States is catching up, and globally, change is happening at a pace that is surprising even the experts who track it closely.”
Tags: Coal, Economy, Energy transition, Europe, Fossil fuels, Gas, Invisible, Oil, Pace, Planet, Polluting, Profound shift, Richest, Surprising, U.S.
Washington Post (May 11)
The EPA is proposing “the tightest limits ever on power plants’ planet-warming pollution” in order “to meet President Biden’s pledge to halve U.S. emissions by 2030 compared with 2005 levels.” The proposal “would encourage gas- and coal-fired plants nationwide to meet tighter emission-reductions standards by either closing or adopting technology to run cleaner, accelerating one of the fastest transitions underway in energy.”
Tags: Biden, Cleaner, Coal-fired plants, Emission reductions, Emissions, Energy, EPA, Gas, Pledge, Pollution, Technology, Transitions, U.S.
Oilprice.com (January 9)
“The last month has been a month of celebration in the European Union. Gas demand is down because of the unusually warm weather. As a result, prices are down, and the crisis, according to analysts, appears to be averted.” Nevertheless, “these prices are not going to go much lower for the very simple reason that LNG could never be as cheap as pipeline gas.”
Tags: Analysts, Averted, Celebration, Cheap, Crisis, Demand, Down, EU, Gas, LNG, Prices, Warm weather
Fortune (September 24)
“Nowhere is this crisis more pronounced and more dangerous than in Europe, where a long-standing gambit on cheap Russian gas has backfired.” With winter, it looks certain to get even worse. “Even the slightest uptick in energy demand… could push entire sectors of Europe’s manufacturing industry to shut down entirely, devastating European economies with a wave of unemployment, high prices, and in all likelihood public unrest and divisions between European nations.”
Tags: Backfired, Cheap, Crisis, Dangerous, Devastating, Economies, Energy demand, Europe, Gas, High prices, Manufacturing, Pronounced, Russia, Unemployment, Uptick, Winter, Worse
Financial Times (September 5)
“The euro dropped on Monday to a new 20-year low after Russia’s decision to shut a major gas pipeline to Europe intensified the energy crisis that has dealt a heavy blow to the region’s economy.” The currency blew past parity, going as low as $0.988 in London. Stocks fell and energy prices surged while “European capitals struggle to contain growing concerns over Russia’s ‘weaponisation’ of gas supplies.”
Tags: $0.988, 20-year low, Blow, Currency, Economy, Energy crisis, Energy prices, euro, Europe, Gas, London, Parity, Pipeline, Russia, Shut, Stocks, Surged, Weaponisation
