With energy demand, predicted to rise 20% through 2025, National Oil Companies are poised to have even an greater impact on the global economy, and in shaping oil producing countries' foreign policies.
South Africa announced Friday that it would lift its moratorium on "fracking." In response, Treasure the Karoo Action Group is launching a legal battle to protect the ecologically-sensitive, arid area in the Karoo region of the Eastern Cape, under which most of the natural gas lies.
The stories behind gold medal triumphs are always front and center on the Olympic stage, celebrating hard work, dedication, and courage, and inspiring millions. But this year, there's a different gold medal tale that has gone untold.
Your secretary of the interior, Ken Salazar, recently told reporters asking about Shell's recent drilling permits and Alaska's Arctic, "I believe there's not going to be an oil spill." "I believe" is not good policy. I believe that unicorn fur is the most absorbent clean-up product.
Louisiana has attracted some cleaner industries recently, but after natural gas prices dropped to ten-year lows this spring, chemical manufacturers are rushing to build and expand. Residents need those jobs but fear explosions and toxic emissions.
Shell announced plans to expand its oil sands operations in Alberta province by as much as 90,000 bpd and said similar efforts were under way to make the country's western coast a major export hub for liquefied natural gas.
Given the potential of drop-in biofuels, the U.S. and EU have every reason to raise renewable fuel thresholds higher. Advantages include energy security, reduced dependence on foreign oil, fewer carbon dioxide emissions and domestic job creation.