Figure 1. BP data and predictions of global consumption of fuels for a “Rapid” scenario, due to increased regulation, carbon taxes, consumer conservation
Many consumers across the world see a huge disparity between their frugal purchase of energy at a higher costs and enormous profits made by oil and gas companies that produce this same energy. Read the full article.
Crude oil production from Permian basin. Source EIA.
Permian crude oil will grow steadily from 5.7 MMbpd now to possibly 8 MMbpd by 2030, and total U.S. production may reach 13.3 MMbpd by 2050. READ MORE
Oil flowing from the pipeline leak into Mill Creek. Source: EPA
The Kansas spill, though relatively small, might encourage oil and gas people and environmental proponents to stop talking and listen to the other side – to seek what’s unifying rather than what’s polarizing. Read the full article here.
