The trick now for activists is to stop
more oil infrastructure.
Not exact matches
CNBC's Jackie DeAngelis reports on pipeline companies working to build out
infrastructure within our borders that could move
more oil than Keystone.
In addition to tax changes (
more on that below), Trump's plan to grow the economy focuses largely on generating
more jobs in the fossil fuel economy (in coal and onshore and offshore drilling for
oil and gas) and as a result of new
infrastructure projects.
According to its website, this is the «largest energy
infrastructure in North America,» owning interest or operating
more than 80,000 miles of pipelines that transport natural gas, crude
oil and
more.
This is a tailwind for our Global Resources Fund (PSPFX), which maintains heavy exposure in the industries that India will increasingly need to support its
more than 1.25 billion (and counting) citizens:
oil and gas, chemicals, energy services and
infrastructure, precious metals and food.
A few things in the discussion surprised me, and it also forced me to think a lot
more about
oil infrastructure in this country and to put some numbers to the question, «What would it take -LSB-...]
According to Mr. Prentice, it is because there are currently
more sellers than buyers in the
oil patch (and with the new Investment Canada restrictions, Canada has just ruled out an important set of prospective buyers); because Canada has an
infrastructure deficit (not enough facilities to get the product to the right markets — Keystone XL etc); and due to the impact of foreign investment rules.
«The government is spending
more on
infrastructure than previous administrations, despite earning barely half of what the country earned from
oil between 2011 and 2014 when the product was selling for an average of $ 110 per barrel.
In the light of the crash in global crude
oil price, which is Nigeria's main foreign exchange earner, the devastating actions of aggrieved militants on
oil and gas
infrastructure in the
oil - rich Niger Delta which has resulted in lock - in or leakages of crude
oil, sometimes in excess of one million barrels that could have been exported daily, and the consequential rapid decline in the well - being of the masses, the urgency to fix the Nigerian economy by changing tactics from sole reliance on
oil, becomes
more poignant and urgent, hence the need for international experts to aid diversification efforts of the government.
He added, «The government is spending
more on
infrastructure than previous administrations, despite earning barely half of what the country earned from
oil between 2011 and 2014 when the product was selling for an average of $ 110 per barrel.
«Canada has much
more oil sands that could be brought into production if they had
infrastructure.»
The
oil business makes enough hydrogen to fuel
more than 30 million hydrogen vehicles, he notes, adding, «the petroleum industry will provide us with the hydrogen
infrastructure.»
At the same time, the big thaw will make getting the
oil out
more expensive — billions of dollars in
infrastructure investments in pipelines, roads and the like will be damaged as the ground shifts beneath them.
In an era of depleting mineral
oil resources natural gas is becoming ever
more relevant, even though the gas is difficult to transport and not easily integrated in the existing industrial
infrastructure.
The report calls for upgrading
oil spill response
infrastructure, additional studies, and
more coordination between agencies, industry, academia, and other Arctic nations.
Flaring of natural gas —
more commonplace in the Arctic where there is less available
infrastructure to capture and transport natural gas associated with
oil drilling — can be a major source.
Kunz laid out a pretty convincing case for high speed rail as the solution for a number of problems facing American transportation, including outdated
infrastructure, peak
oil (or «energy independence,» depending how you look at it), out of control carbon emissions, and
more.
There have been
more than 2,000,000 wells drilled in North America for
oil and gas many of which are deep enough to provide detailed information and
infrastructure to help make economic geothermal supplies a reality.
He says Alaska will need much
more coastal
infrastructure to handle increased shipping and other commercial activities like offshore
oil and gas development.
So if the peak
oil case is wrong, producing a low carbon
infrastructure to avoid climate change is going to require something much
more radical than leaving it to the
oil price.
Commentary:
Infrastructure investments key to unlocking
more US
oil supply Growth in West Texas
oil supplies could put strain on US export capacity unless new investment forthcoming 28 March 2018
The company relies on preexisting, industrial, demonstration - scale fermentation
infrastructure to test and optimize its process, and has been able to achieve conversion of 70 — 80 % of biomass into
oil - based fuel including jet fuel and biodiesel, which has been road - tested for
more than a year in an unblended form in unmodified engines.
$ 100 billion per year is already spent on outages per year due to climate - related damages to grid
infrastructure alone in the US; this will only increase as America becomes
more dependent on shale
oil and gas.
Building new
infrastructure like the KXL pipeline, to lock the system into decades
more of supporting development of a major new source of
oil supply, would take the U.S. in the wrong direction.
Energy production is the main driver of the state's economy, providing
more than 80 % of state government revenue and thousands of jobs.168 Continuing pressure for
oil, gas, and mineral development on land and offshore in ice - covered waters increases the demand for
infrastructure, placing additional stresses on ecosystems.
Not only does
more extreme weather threaten
infrastructure like offshore
oil platforms, but
more droughts from global warming can create water stress, affecting hydropower and limiting resources for drilling.
-- building sea - walls, dikes and rebuilding low - lying
infrastructure (mostly built with $ 30
oil) would seem
more expensive in 2050 - 2100, when
oil will surely be >> $ 200 / bbl.
As
more of America's critical energy
infrastructure - both
oil and natural gas - gets concentrated in the hurricane - exposed Gulf of Mexico, and with the memory of Hurricane Katrina unlikely to fade anytime soon, fear of a weather - related energy catastrophe should worsen.
Aside from
more fossil fuels to burn, critics of Arctic drilling say any spill would be practically impossible to clean given the harsh conditions and complete lack - of -
infrastructure;
oil companies would face freezing temperatures, moving ice, fierce storms, in addition to the fact that any spill would likely have to be abandoned during the long dark Arctic winter.
• Scale: Achieving the Intergovernmental Panel on Climate Change's long - term sequestration goals means boosting deep geological carbon dioxide storage from about 5 megatons per year to
more than 22,000 megatons annually by the end of the century — an «unprecedented» undertaking that Mr. Thomson says will involve extensive new facilities and pipelines that would rival the world's
oil industry
infrastructure.
There will be new challenges and opportunities for shipping, the
oil industry, fishing, mining and tourism,
infrastructure, and movement of populations, resulting in
more interactions and changes in trade and strategic balance.
As the Northwest and the rest of the world are increasingly feeling the effects of climate change from
more frequent and extreme droughts, wildfires, and flooding, proposed coal export and
oil transport
infrastructure in the region would lock - in for decades huge amount
more carbon pollution.
But if it turns out that natural gas offers a
more modest improvement over coal and
oil, as the new EPA data begin to suggest, then billions of dollars of taxpayer and industry investment in new
infrastructure, drilling and planning could be spent for limited gain.
Instead of funding coal plants,
oil refineries or roads that cut through pristine forests as some observers had feared, new southern - led
infrastructure lender the New Development Bank (NDB or BRICS bank), has earmarked its first US$ 811 million batch of loans for renewable energy projects... Read
More
Alastair has
more than 20 years» experience handling major disputes across many sectors and industries, concerning a wide variety of trade, commercial and financial activities, with particular experience of
oil, gas and power, construction and engineering,
infrastructure and projects, and major foreign investment.
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MORE GROWTH AND JOBS: EU INVESTS $ 873 MILLION IN CLEAN ENERGY
INFRASTRUCTURE isolation of the Cyprus, bring diversification to a region mostly dominated by one single source of supply and help reduce air pollution and emis - sions by allowing switch - ing from heavy fuel
oil to gas for power genera - tion.
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