• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 13 hours Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 32 mins Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 48 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 2 days Is anything ever sold at break-even ? There is a 100% markup on lipstick but Kuwait can't break-even.
  • 2 days Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 2 days Modest drop in oil price: SPRs vs US crude inventory build
  • 2 days 2019 - Attack on Saudi Oil Facilities.
  • 4 days Ukrainian Maidan after 8 years
  • 5 days NordStream2
  • 4 days Peak oil - demand vs production
  • 5 days "How the CO2 shortage is impacting the food and drink sector" - Specialty Food Magazine
  • 5 days "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
Will Rivian Become The Next Tesla?

Will Rivian Become The Next Tesla?

Rivian Automotive just went public,…

Nord Stream 2 Setback In Germany Could Be Short-Lived

Nord Stream 2 Setback In Germany Could Be Short-Lived

Germany could resume the certification…

IEA Chief: U.S. Emission Cuts The Largest In Energy History

The U.S. carbon dioxide emissions reduction over the past decade has been the largest cut in emissions in the history of energy, Dr. Fatih Birol, the Executive Director of the International Energy Agency (IEA), said at a press conference in Washington D.C. on Thursday.

“In the last 10 years, the emissions reduction in the United States has been the largest in the history of energy,” Birol said at a joint press conference with U.S. Secretary of Energy Rick Perry.

“Almost 800 million tons, and this is a huge decline of emissions,” the IEA’s executive director noted.

As per latest available IEA data, global energy-related CO2 emissions rose by 1.4 percent to reach a historic high in 2017, the first increase in emissions after three years of global emissions remaining flat. However, carbon emissions growth last year was not universal, with emissions in major advanced economies, including the United States, the United Kingdom, and Japan, declining. The biggest decline in 2017 came from the United States, mainly because of higher deployment of renewables, according to the IEA.

The U.S. emissions reduction over the past decade has been chiefly due to natural gas-fired electricity capacity displacing coal-fired power plants thanks to the U.S. shale boom. Rising renewable energy deployment across the U.S. has also helped to cut carbon emissions.

“Like Dr. Birol has said many times, without carbon capture, any planned climate target is impossible to meet,” Secretary Perry said at the press conference.

“We believe that you can’t have a serious conversation about reducing emissions without including nuclear energy and carbon capture technology,” said Secretary Perry on the day on which he also announced the selection of eight projects to receive nearly US$24 million in federal funds for cost-shared research and development (R&D) for ‘Novel and Enabling Carbon Capture Transformational Technologies.’

The selected projects will focus on the development of technologies to address scientific challenges and knowledge gaps associated with reducing the cost of carbon capture, the Department of Energy said.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Suqi Madiqi on March 03 2019 said:
    Fact 1: Fracking is NOT causing most of the induced earthquakes. Wastewater disposal is the primary cause of the recent increase in earthquakes in the central United States.

    Wastewater disposal wells typically operate for longer durations and inject much more fluid than hydraulic fracturing, making them more likely to induce earthquakes. In Oklahoma, which has the most induced earthquakes in US, only 1-2% of the earthquakes can be linked to hydraulic fracturing operations. The remaining earthquakes are induced by wastewater disposal.
    -https://earthquake.usgs.gov/research/induced/myths.php

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News