• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 8 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 14 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 1 day Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 47 mins Venezuela set to raise gasoline prices to international levels.
  • 32 mins Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 1 day Batteries Could Be a Small Dotcom-Style Bubble
  • 13 hours Saudi Fund Wants to Take Tesla Private?
  • 23 hours Starvation, horror in Venezuela
  • 14 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 1 day France Will Close All Coal Fired Power Stations By 2021
  • 1 day Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 6 hours Corporations Are Buying More Renewables Than Ever
  • 22 hours WTI @ 69.33 headed for $70s - $80s end of August
Alt Text

The Oil Bulls Are Back

Oil markets had a bullish…

Alt Text

Why Trump Won’t Kill Progress On Fuel Economy

The fuel economy standards battle…

Alt Text

Goldman: Trade War Won't Crash Oil Prices

In spite of the impact…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Trending Discussions

U.S. and Canada Crack Down On Methane From Oil And Gas

U.S. and Canada Crack Down On Methane From Oil And Gas

Canadian Prime Minister Justin Trudeau came to Washington on March 10 to meet with U.S. President Barack Obama. The two leaders appear to have hit it off, and on the same day as the two leaders met, they announced coordinated initiatives to regulate methane emissions from oil and gas wells. 

The Obama administration had previously announced a goal to cut methane emissions from oil and gas wells by 40 to 45 percent below 2012 levels within a decade. But the Obama administration said that the EPA will begin writing new regulations for existing oil and gas wells, not just limits for new wells. 

Methane is more than 20 times more potent a greenhouse gas than carbon dioxide, so the two governments see limiting methane emissions as a crucial part of their climate change plans. Methane is emitted or leaked at different parts of the oil and gas supply chain – at the wellhead, from processors, pipelines, distribution lines and storage tanks.  Related:  $67 Oil Has All The Majors Converging Here

As with many other issues that are currently up in the air, energy-related and otherwise, the methane regulations largely depend on who controls the White House in 2017. The EPA hopes to have draft requirements out by April, but will not be able to finish the methane regulations before Obama leaves office. A Democrat would presumably carry on the methane regulations, while by all accounts, any Republican would scrap it. Canada will propose regulations on new and existing wells in early 2017.

The oil and gas industry opposes regulations on methane, citing the fact that methane emissions have declined from wells between 2005 and 2012 despite the rapid increase in production. But the EPA sees methane emissions rising 25 percent over the next decade without any regulatory limits. 

By Charles Kennedy of Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment
  • Brett on March 14 2016 said:
    How 'bout we crack down on methane emanating from the White House?

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News