oil

News

Lowering emissions, raising red flags

Published: 
Fri, 01/18/2013 (All day)
Category: 
Energy

The Low Carbon Fuel Standard was intended to reduce California carbon emissions, but it may come with some terrible unintended consequences.

News

How to cut American oil use in half in 20 years

Published: 
Tue, 12/11/2012 (All day)
Category: 
Energy

The Union of Concerned Scientists has figured out how Americans can cut their oil consumption in half within 20 years.

Sound impossible?

News

To Stop Climate Change, Students Aim at College Portfolios

Published: 
Tue, 12/04/2012 (All day)

SWARTHMORE, Pa. — A group of Swarthmore College students is asking the school administration to take a seemingly simple step to combat pollution and climate change: sell off the endowment’s holdings in large fossil fuel companies. For months, they have been getting a simple answer: no.

News

U.S. to Be World’s Top Oil Producer in 5 Years, Report Says

Published: 
Mon, 11/12/2012 (All day)
Category: 
Energy

The United States will overtake Saudi Arabia as the world’s leading oil producer by about 2017 and will become a net oil exporter by 2030, the International Energy Agency said Monday.

That increased oil production, combined with new American policies to improve energy efficiency, means that the United States will become “all but self-sufficient” in meeting its energy needs in about two decades — a “dramatic reversal of the trend” in most developed countries, a new report released by the agency says.

News

Is the Energy Boom a Mirage?

Published: 
Tue, 09/04/2012 (All day)
Category: 
Energy

THE United States is experiencing a boom in oil and natural gas production — one that many people, including Mitt Romney, see as a game-changing, tectonic shift in our energy picture. But while the boom is real, the benefits are less than meet the eye.

The United States produces 1.6 million more barrels of oil each day now than it did in 2008. That’s a significant increase in a world that consumes around 89 million barrels per day, with the United States accounting for about a quarter of that amount. In addition, America’s net petroleum imports have fallen from 60 percent of total consumption in 2005 to 42 percent today.