Sentences with phrase «global oil extraction»

Now let's say that global oil extraction is dropping and reaches 10:1 (conservative compared to trends) in 2015.

Let's say the EROI of current global oil extraction is 50 and we extract 85 mb / d.

Not exact matches

He did manage to rattle off the well - known facts: the oilsands account for only of 1 / 10th of 1 % of global emissions; the pipeline would create thousands of American jobs; Canada has already reduced the emission intensity from heavy - oil extraction by 25 %.

For starters, global oil production appears more closely in line with demand following a prolonged search for a new equilibrium amid a breakdown in the Organization of Petroleum Exporting Countries (OPEC) cartel and increasingly productive oil extraction technologies in North America.

A supply curve is an ordered list of all the oil production opportunities globally, sorted by the cost of extraction or, probably better for this example, the potential free - on - board price at a global trading hub — take every oil play in the world and ask what it would cost delivered to the US Gulf Coast as a starting point.

My friends in the industry say this is a ludicrous oversimplification for a number of reasons including (1) Kenney's valuation is based on what he called the «current global market value» ($ 60 / barrel) which doesn't apply to bitumen, (2) he hasn't included the cost of extraction or the fact producers would never dump that much oil onto the market at once and (3) Albertans only get royalties, not the entire amount.

Putting oil money at the service of development in Africa means tackling the increasingly criminalized character of political leaders and their global networks of resource extraction, not peddling yet another package of technocratic reforms.

However, the stark reality is that global emissions have accelerated (Fig. 1) and new efforts are underway to massively expand fossil fuel extraction [7]--[9] by drilling to increasing ocean depths and into the Arctic, squeezing oil from tar sands and tar shale, hydro - fracking to expand extraction of natural gas, developing exploitation of methane hydrates, and mining of coal via mountaintop removal and mechanized long - wall mining.

Peaking oil and natural gas extraction is going to accelerate global warming when many desperate people use wood and coal for heating and cooking.

climate change, global warming, greenhouse gases, greenhouse effect, methane, CH4, anthropogenic methane emissions, methane emissions from hydrocarbon extraction, oil and gas production, EPA regulations on methane emissions, climate action plan, strategy to reduce methane emissions, hydropower gener

Although State considers it «unlikely» that approval or denial would significantly change oil sands extraction, the FSEIS, as a sensitivity case, estimates the KXL's incremental CO2 emissions under the assumption that all 830,000 bpd would be additional oil in the global supply.

Offshore oil and gas exploration have devastating impacts on the local environment and climate, and the continued extraction and consumption of fossil fuels is incompatible with the Paris agreement and limiting global warming below 1.5 °C.

But, expanding California's cap - and - trade program to enable polluters to buy REDD credits also harms Californians — overwhelmingly low - income communities and communities of color — those who live near the refineries, power plants, oil and gas extraction sites and other high - emission industries that are the main cause of local and global climate disruption

May 10 (UPI)-- A new model tracks oil and gas extraction rates and how they impact the ability of major fossil fuel producers to meet global emission reduction targets.

I would add that many in the West may also want to weaken the power of non-western countries which have a lot of oil resources compared to the West, and they may hope that having more of the world shunning the use of oil resources and the development of oil extraction in the name of fighting «Global Warming» could be used to gain the economic upper hand over their competitors.

Our model accounts for global warming pollution generated both upstream — ie, during oil extraction, refining, and transportation — and downstream, when it's combusted in the vehicle's engine.

By divesting their assets from fossil fuels, they are reducing the ability for big oil, coal and gas companies to develop new extraction projects, while citizens worldwide are rising to stop these projects in their communities,» said Yossi Cadan, Global Divestment Senior Campaigner at 350.org.

The oil - rich area has long attracted the exploration and extraction activities of global oil companies, including Texaco, Inc. («Texaco»).