Insider Secrets

Insider Secrets

Learn how the PROs are making money from the oil and energy market.

Loading, please wait

The Environment

  • Criminal Charges Filed In Lac-Megantic Oil Train Disaster

    Criminal charges have been filed against the rail line involved in the huge oil train crash in Lac-Megantic, Quebec, that killed 47 people in 2013, along with a subsidiary and several individuals for allegedly violating Canadian safety and environmental laws. Montreal Maine & Atlantic Canada Railway Ltd. (MM&A), the now-bankrupt railroad based in Hermon, Maine, and its subsidiary, the Montreal Maine & Atlantic Canada Co., were charged with breaking the federal Railway Safety Act and the Fisheries Act. The individuals charged on June 22 under the Railroad Safety act were Robert Grindrod, the CEO of the railroad, and the train’s…

  • Are We Headed For Global Warming Collapse?

    This is the first of several posts I will do on Global Collapse. I am not saying, right here anyway, that civilization as we know it will collapse, but I am asking the question: “Can collapse be avoided?” This post will deal with global warming and the associated climate change.Right now CO2 is higher than it has been in over 20 million years. But it has been higher, a lot higher. The chart below was published in the Worldwatch Institute’s State of the World 2015 and the source of their data was Goddard Institute for Space StudiesWhat this chart clearly…

  • EPA Fracking Report Leaves Both Sides Claiming Victory

    Both the energy industry and environmentalists are welcoming a report by the U.S. Environmental Protection Agency (EPA) that hydraulic fracturing, or fracking, has the potential to contaminate drinking water, but that there’s no evidence that the problem so far has been widespread.Five years ago Congress asked the EPA to study the issue, and on June 4 the agency’s Office of Research and Development (ORD) issued the document, which identifies only “specific instances where one or more mechanisms led to impacts on drinking water resources, including contamination of drinking water wells. The number of identified cases, however, was small compared to…

  • Oil Industry Can No Longer Ignore Climate Action

    Global momentum towards action on climate change is building in the lead up to international negotiations, set to take place later this year in Paris. With the writing on the wall, some of the largest oil companies are banding together in order not to be left out in the cold.The agreement emerging from Copenhagen in 2009 was widely seen as a failure. While the likelihood of a stringent international agreement with binding emissions targets resulting from the Paris talks is extremely low, the world appears to be mustering up the motivation to do something.Whether that has a real impact on…

  • Latest Pipeline Spill Here Could Galvanize Environmentalist Opposition

    A pipeline in California broke and spilled oil into the Pacific Ocean on May 19. Oil washed up on the shores in Santa Barbara County with the slick extending an estimated 4 miles. While data is preliminary, the pipeline may have spilled 21,000 gallons, or 500 barrels, perhaps even more. For now, it is unclear what caused the pipeline to rupture. Related: Some Good News From This War-Torn Nation’s Oil Industry The pipeline, owned by Plains All American Pipeline, was constructed in 1991 and has a daily throughput of about 150,000 barrels. “Plains deeply regrets this release has occurred and is…

  • California’s Climate Goals: Realistic Or Just Wishful Thinking?

     California is not participating in the upcoming United Nations Climate Change Conference (UNFCCC) – at least not independently – but that won’t stop the state from setting an example. On April 29, California Governor Jerry Brown issued an executive order to establish a statewide greenhouse gas (GHG) reduction target of 40 percent below 1990 levels by 2030. Governor Brown hasn’t exactly upped the ante, but he’s attempted to provide regulatory clarity and urgency as the state moves toward its 80 percent reduction target by 2050. The medium-term objective matches a similar goal set by the European Union last October, but…

  • How Much Would Zero Emissions Cost?

    In 2014 global carbon emissions totaled 32 gigatonnes (Gt). If you’re counting, that’s roughly 32 Gt too many. Yes, zero, near-zero, or net-zero is what we want, and soon is when we need it. Failure to achieve such goals by the end of the century will irreparably damage our planet and leave us dangerously susceptible to new and harsher climate conditions, at least according to the Intergovernmental Panel on Climate Change (IPCC). The United Nations agrees, though several countries openly reject the target. Paris 2015 should produce some positive momentum, but anything legally binding is unlikely to materialize.In an effort…

  • Top 5 Unanswered Questions About The BP Oil Spill

    In this Wednesday, April 21, 2010 aerial file photo taken in the Gulf of Mexico more than 50 miles southeast of Venice on Louisiana’s tip, an oil slick is seen as the Deepwater Horizon oil rig burns. CREDIT: AP PHOTO/GERALD HERBERT, FILE It’s officially been five years since BP’s Deepwater Horizon disaster, a well blowout and subsequent oil spill that caused the deaths of 11 men. A lot has happened since — a massive cleanup effort, scientific research on impacts, civil and criminal court cases galore. But the answers to many basic questions about the historic tragedy remain either unknown…

  • The Fatal Flaw In The Climate Change Debate

    Everyone loves a courtroom drama--especially one that pits a feisty, but a determined criminal defense attorney against the awesome power of a prosecutor who has the resources of the state behind him or her. We see such David and Goliath stories every week on television. We cheer as the defense attorney pokes one hole after another in the case of the prosecutor, raising what the audience now perceives as reasonable doubt. But will the jury see it that way? We'll return after these messages.... This is just the sort of metaphorical setting into which the climate change denial lobby is…

  • Is The Paris Climate Conference Doomed To Fail?

    The United Nations Climate Change Conference – or Paris 2015 – is just around the corner, seven months to be exact. The goal is ambitious: to develop a viable, and comprehensive, successor to Kyoto, applicable to all countries, and with the aim of keeping global warming below 2 degrees centigrade. Expectations are tempered, but hopes remain high as the particulars begin to take shape and individual nations confer their climate goals. Conspicuously absent thus far however, is any meaningful carbon dialogue from the world’s second largest emitter, the United States. The Intended Nationally Determined Contributions or INDCs are beginning to…

Martin tiller