Those are tough times for fossil fuels companies

As odd as it might seem, oil prices at $60 are not making it any easier for Big Oil and the likes. The Financial Times published two articles on how coal, oil and gas are through tought times. Let us review them here.

14 carbon bombs to defuse before 2020

Greenpeace has released an interesting report on fourteen projects that could increase greenhouse gases emissions by 20 percent by 2020. This would lead to an increase of temperatures by five or six degrees Celcius. The largest threats are China and Australia as they plan to increase their coal productions. This is particularly ironic as Climate… Continue reading 14 carbon bombs to defuse before 2020

President Obama rejects Keystone XL pipeline

If you aren’t familiar with US environmental politics, you might not have heard about Big Oil’s latest craze : building a 1.700 mile (2,736 km) long pipeline to bring tar sands oil extracted from Canada to the US Gulf coast. After many twists and turns, President Barack Obama – the green Prez that should have… Continue reading President Obama rejects Keystone XL pipeline

Extreme oil anyone ?

While some magazines print sensationalist articles, some other prefer to carry out real research with real facts and figures. New Scientist indeed published an interesting article on what they call extreme – or unconventional – oil. Understanding that peak oil is either near or already arrived we can either burn as much unconventional oil as… Continue reading Extreme oil anyone ?