Chevron’s $10B Impairment: “another symptom of peak oil demand and the demise of the oil industry”?

Guest oil patch news by David Middleton Chevron recently announced that it would take a $10-11 billion charge against net earnings in Q4 2019, largely due to its exposure to Appalachia shale gas plays (Marcellus, Utica, etc.). As a result of Chevron’s disciplined approach to capital allocation and a downward revision in its longer-term commodity…

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The Brave New World of Ample Oil

Guest post by Tilak Doshi In the oil universe, the September 14th attack on Saudi Aramco’s oil facilities is comparable to the 9/11 attacks on the twin towers in New York City. Yet, the taking out of half of the Kingdom’s oil output led not to an oil shock but a whimper. Barely two weeks…

Over a Barrel, Canadian documentary preview

The filmmakers behind this  documentary decided to have a free preview period until October 31 to get the word out. After that, it will be paywalled ($4.99). From IMDb: Over a Barrel is a short political documentary about the work of Vivian Krause, and the questions she raises regarding U.S foundations funding activism against the…

How Arctic Drilling Will Trample Junk Science Obstructionism

Guest slam-dunk by David Middleton How Science Got Trampled in the Rush to Drill in the Arctic By ADAM FEDERMAN with photographs by NATHANIEL WILDER and video by PETER ELSTNER | 07/26/2019 Every year, hundreds of petroleum industry executives gather in Anchorage for the annual conference of the Alaska Oil and Gas Association, where they discuss policy and celebrate their achievements…

Trump Administration Should Review Undue Influence of Foundations Funding Tar Sands Campaign says Friends of Science Society

The Trump Administration should review the undue influence of billionaire foundations funding the Tar Sands Campaign, which has resulted in a close-to-approval legislated tanker ban on the West Coast and turned Canada’s National Energy Board upside down. CALGARY, Alberta (PRWEB) June 11, 2019 Along with President Trump doing a climate science review, as reported in…