By Steve Horn While the oil and gas industry has lauded the new trade deal that may soon replace the North American Free Trade Agreement (NAFTA), a provision added by Mexico, along with its new president’s plan to ban fracking, could complicate the industry’s rising ambitions there. The new agreement, known as the United States–Mexico–Canada […]
By Logan Carroll The Minnesota section of Enbridge’s Line 3 pipeline accounts for nearly 300 miles of the longest crude oil transport system in the world, and it is failing. The multi-billion-dollar transnational corporation has applied for a permit to replace it. Opposition from tribes in the region and environmental groups is slowing the project, […]
By Sharon Kelly Back in 2008, residents of Pittsburgh, Pennsylvania, and surrounding areas received a notice in the mail advising them to drink bottled water instead of tap water—a move that U.S. Environmental Protection Agency (EPA) internal memos at the time described as “one of the largest failures in U.S. history to supply clean drinking […]
By Itai Vardi A Pennsylvania state senator, who is responsible for a slew of legislation favoring the oil and gas industry, leases his own land to fracking companies, recent disclosure documents show. Last year, veteran lawmaker Gene Yaw of Lycoming County profited from royalties he received from several different drillers. Yaw, who chairs the key […]
By Justin Mikulka The U.S. shale oil industry hailed as a “revolution” has burned through a quarter trillion dollars more than it has brought in over the last decade. It has been a money-losing endeavor of epic proportions. In September 2016, the financial ratings service Moody’s released a report on U.S. oil companies, many of […]
By Carol Linnitt A pipeline owned by Paramount Resources Ltd. released an estimated 100,000 liters (approximately 26,000 gallons) of crude oil and 190,000 liters (approximately 50,000 gallons) of produced water near Zama City, in northwest Alberta, according to an April 11 incident report filed with the Alberta Energy Regulator. The release was discovered after company […]
By Ben Jervey A coalition of conservative groups, many with close ties to the Koch brothers, is calling for U.S. Environmental Protection Agency (EPA) Administrator Scott Pruitt to strip California of its right to set stricter greenhouse gas limits for personal vehicles. Not satisfied with Pruitt’s decision to rewrite the Obama-era emissions standards—which had been […]
By Justin Mikulka The Motley Fool has been advising investors on “How to Profit From the Re-Emergence of Canada’s Crude-by-Rail Strategy.” But what makes transporting Canadian crude oil by rail attractive to investors? According to the Motley Fool, the reason is “… right now, there is so much excess oil being pumped out of Canada’s […]
By Andy Rowell The Terminator is back. And this time he has Big Oil in his sights. Ex-California Governor Arnold Schwarzenegger has vowed to take on Big Oil “for knowingly killing people all over the world.” Reflecting sentiments expressed by many commentators over the years, including myself, of how the denial and delay campaign by […]
568k 
233k 
41k 
Subscribe 
