• 4 minutes Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 8 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 11 minutes Why Trump Is Right to Re-Open the Economy
  • 13 minutes Its going to be an oil bloodbath
  • 38 mins US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 4 hours Marine based energy generation
  • 13 hours What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 11 mins China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 2 hours While China was covering up Covid-19 it went on an international buying spree for ventilators and masks. From Jan 7th until the end of February China bought 2.2 Billion masks !
  • 3 hours Real Death Toll In CCP Virus May Be 12X Official Toll
  • 21 hours Trafigura CEO Weir says, "We will see 30% to 35% drop in demand". That amounts to 35mm bbls/day glut ! OPEC+ 10 mm cut won't fix it. It's a DEMAND problem.
  • 1 hour Which producers will shut in first?
  • 9 hours TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 22 hours Today 127 new cases in US, 99 in China, 778 in Italy
  • 1 day The Most Annoying Person You Have Encountered During Lockdown
  • 1 day Cpt Lauren Dowsett

Breaking News:

This Emerging Economy Bets Big On Solar

How Low Could U.S. Oil Production Actually Go?

How Low Could U.S. Oil Production Actually Go?

Tanking oil prices and no…

Why A 15 Million Barrel Per Day Cut Will Never Happen

Why A 15 Million Barrel Per Day Cut Will Never Happen

Oil prices skyrocketed on Thursday…

Oil Companies Win Case to Overturn Regulation Protecting Polar Bear Habita

Oil Companies Win Case to Overturn Regulation Protecting Polar Bear Habita

Back in 2008 the polar bear was listed as a threatened species and given legal protection under the Endangered Species Act due to the loss of its sea-ice habitat.

To try and help the survival of the polar bear the US Fish and Wildlife Service designated more than 187,000 square miles of the Arctic coastline for protection as critical habitat for the polar bear.

Outraged that such a large area of resource-rich land be put off limits from development, the Alaska Oil and Gas Association, and the state of Alaska, filed legal cases against the US government in 2011, claiming the area was excessive and unnecessary.

Related Article: Refiners Pursue More Pipelines amid Big Gains

At the end of last week a US court in Alaska overturned the federal decision that was meant to protect the polar bear and its habitat, ruling that whilst the protection rule was “valid in many respects,” not all the official steps were followed before adopting the regulation. The judge stated that the US Fish and Wildlife Service may return and file the rule again, once they had dealt with the “procedural deficiencies.”

U.S. District Judge Ralph Beistline commented that, “there is no question that the purpose behind the service's designation is admirable, for it is important to protect the polar bear, but such protection must be done correctly.”

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage




Leave a comment

Leave a comment

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