• 4 minutes Why Trump Is Right to Re-Open the Economy
  • 7 minutes Did Trump start the oil price war?
  • 11 minutes Covid-19 logarithmic growth
  • 15 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 18 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 6 hours How to Create a Pandemic
  • 59 mins KSA taking Missiles from ?
  • 4 hours There are 4 major mfg of hydroxychloroquine in the world. China, Germany, India and Israel. Germany and India are hoarding production and blocked exports to the United States. China not shipping any , don't know their policy.
  • 1 hour A New Solar-Panel Plant Could Have Capacity to Meet Half of Global Demand
  • 6 mins Which producers will shut in first?
  • 40 mins TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 12 hours Trump eyes massive expulsion of suspected Chinese spies
  • 3 hours Breaking News - Strategic Strikes on Chinese Troll Farms
  • 34 mins Eight Billion Dollars Wasted on Nuclear Storage Plant
  • 12 hours Today 127 new cases in US, 99 in China, 778 in Italy
  • 15 hours Western Canadian Select selling for $6.48 bbl. Enbridge charges between $7 to $9 bbl to ship to the GOM refineries.
  • 13 hours America’s Corona Tsar, Andrew Fauci, Concedes Covid-19 May Be Just a Bad Flu With a Fatality Rate of 0.1%
Don’t Believe The Oil Bulls

Don’t Believe The Oil Bulls

Oil prices have rebounded this…

US Carbon Emissions Fall to Lowest Level Since 1994

US Carbon Emissions Fall to Lowest Level Since 1994

A new report, written by Bloomberg New Energy Finance for the Business Council for Sustainable Energy (BCSE), has shown that carbon dioxide emissions in the US in 2012 were at their lowest levels since 1994.

Carbon emission levels have fallen by 13% since 2007, and a total of 10.7% since 2005. This means that the US is now more than half way to achieving President Obama’s goal of cutting emissions by 17% from 2005 levels before 2020.

This news works to support Obama and his environmental and renewable energy position, a stance that he has received criticism for over the years. It will also boost the credentials of the US in international global climate negotiations.

Related article: The Trade-off between Aerosols and Greenhouse Gases

Under Obama’s guidance the US is shifting its energy sector away from high carbon fossil fuels to lower carbon fuels, alternatives, and renewable energy sources. Oil consumption has fallen in recent years, and coal accounted for only 18.1% of the US’s energy mix last year, compared to 22.5% in 2007; renewable energies saw the largest growth.

Over all energy use in the US has fallen 6.4% since 2007 and this has mostly been accredited to more efficient heating and cooling systems in commercial buildings.

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage




Leave a comment
  • Jim Shannon on February 04 2013 said:
    Mike's on the money!
    Destroy the consumer and corporate profits go thru the roof! Price gouging everywhere!
    This business model is not sustainable!
    40% of US Consumer's are 90 days from bankruptcy!
    Cash is king - show me the money!
  • Mike Smith on February 03 2013 said:
    And all we had to do was eliminate 8 1/2 million jobs, double the price at the pumps, double the grocery bill, destroy the value of housing, shrink the economy, increase dependence on government, and add $6 trillion to the debt (more to come). Such a deal!

Leave a comment

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