Word is coming out of the discovery of a truly massive, shale oil field in Australia that’s expected to produce from 233 upwards to 400-billion barrels of crude oil. That’s crude oil, not bitumen.
Even at the lowest range, 233-billion barrels considerably exceeds Canada’s 175-billion barrel petro-reserves, most of which are high-cost, high-carbon bitumen.
. . . → Read More: The Disaffected Lib: If This is Fact, We Need to Rethink Our Bitumen Policy, Pipelines Included.
Not seeing the forest for the trees. It’s the classic characterization of tunnel vision. An updated version of the old saw might be not seeing the shale for the pipeline. That, writes Jeffrey Simpson, is the disease which afflicts our present political masters:
Recently, the U.S. Energy Information Agency produced an estimate that the . . . → Read More: Northern Reflections: The Fevered Dreams Of Blue-Eyed Sheiks
Red Leaf EcoShale.png
At the Clinton Global Initiative in 2008, former Vice President Al Gore called the possibility of fossil fuel corporations extracting oil shale "utter insanity."
Insanity, though, doesn't serve as a hinderance for deeply entrenched and powerful fossil fuel interests.
Oil shale, also known as kerogen, should not be confused with shale gas . . . → Read More: DeSmogBlog: Does Red Leaf’s "EcoShale" Technology Greenwash Oil Shale Extraction?
The debate over flaring unconventional oil and gas in shale basins across the United States has suddenly heated up immensely (excuse the bad pun).
On March 27, the Coalition for Environmentally Responsible Economy (CERES) penned a letter calling for an end to the practice, writing,
We are a group of 37 investors, representing . . . → Read More: DeSmogBlog: Investors: No More Flaring of Fracked Oil and Gas in Bakken Shale