US Airstrikes Take Out 10 Percent Of ISIS Oil Fleet To Crush Revenues
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US Airstrikes Take Out 10 Percent Of ISIS Oil Fleet To Crush Revenues

Jonah Bennett The U.S. is finally taking the fight to one of Islamic State’s main revenue generators: oil. As part of a new campaign called Tidal Wave II, a group of four A-10 jets and two AC-130 gunships struck hundreds of trucks used to transport oil in eastern Syria Monday. The plans for the strike…

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Trump Doubles Down On Wild Idea About Iraqi Oil

Andrew Follett Republican presidential candidate Donald Trump said that former President George W. Bush should have “kept the oil” after invading Iraq. “And, I said, keep the oil,” Trump said during the Republican presidential debate Tuesday night. “And we should have kept the oil, believe me. We should have kept the oil.” Trump was responding to a question about…

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Fracking, Not Renewables, Is Responsible For Emissions Reduction

Andrew Follett The biggest cause of CO2 emissions reduction is America’s fracking natural gas boom, not solar or wind power, according to a study by the Manhattan Institute. The study shows that solar power is responsible for 1 percent of the decline in U.S. carbon-dioxide emissions, while natural gas is responsible for nearly 20 percent. U.S. greenhouse gas emissions have dropped by…

Environmentalists Help to Halt Another Shell Oil Project
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Environmentalists Help to Halt Another Shell Oil Project

Steve Birr With pipeline projects mired in environmental battles and oil prices trapped below $50 a barrel, Royal Dutch Shell announced Wednesday it is halting its oil sands project in Canada. Shell stopped development at its Carmon Creek facility in Alberta, a project that would produce 80,000 barrels of oil a day. The loss will…

Study: Shale Gas Emissions Are Massively Overestimated
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Study: Shale Gas Emissions Are Massively Overestimated

Andrew Follett The amount of methane leaked from shale gas production has been massively overestimated according to a new study. The study was authored by University of California Professor of Physics and Lawrence Berkeley National Laboratory senior scientist Dr. Richard Muller and his daughter Elizabeth Muller, a former policy adviser for the Organisation for Economic Co-operation…

Judge To Obama: You Can’t Regulate Fracking On Federal Lands

Judge To Obama: You Can’t Regulate Fracking On Federal Lands

Michael Bastasch on September 30, 2015 A federal district court judge has sided with the petroleum industry and granted an injunction against enforcing the Obama administration regulations for hydraulic fracturing, or fracking, on federal lands. “At this point, the Court does not believe Congress has granted or delegated to the [Bureau of Land Management] authority…

Sorry, Saudis — Oil Prices Fall On Iran Nuke Deal

By Michael Bastasch U.S. and Iranian diplomats have agreed to end sanctions on the world’s largest Shi’ite Muslim country, causing oil prices to tumble as markets feared more crude will be added to global supplies. Bad news for Saudi Arabia, but good new for Iran which will soon be able to sell oil to eager…

No Peak Oil: Proved U.S. Oil and Gas Reserves Continue To Increase

No Peak Oil: Proved U.S. Oil and Gas Reserves Continue To Increase

By Michael Bastasch Published: December 4, 2014 It was only four years ago that economist and New York Times Columnist Paul Krugman sounded the alarm on peak oil, lamenting that high oil and commodity prices reflect the fact that we live in a “finite world.” But now oil prices are plummeting as U.S. oil production…

North Dakota Oil Production Surpassed 1 Million Barrels Per Day

By Michael Bastasch Oil production is booming in North Dakota, hitting more than one million barrels per day in April and May, according to government data. Hydraulic fracturing, or fracking, and horizontal drilling have played a major role. According to the Energy Information Administration, increased production from the “Williston Basin’s Bakken and Three Forks formations”…