Oil Slick Stuff

Sort by newest Sort by date
The day nnuut posted the article about SoCal gas prices, here in the Oakland area prices were at $4 per. I managed to fill up for $3.699 yesterday. The same station is $3.799 today. Most are over $4 with $4.399 the highest I saw this morning.
 
Oil prices rise as after reports of Iranian tanker blast fed tensions in the Middle East

The tanker sustained damages after being hit by missiles that were launched from the Saudi Arabian port of Jeddah, according to the state-run IRNA news agency, citing Iran’s National Iranian Tanker Co. The stricken vessel was identified as the Sabity, according to those reports.

Friday as media reports of an explosion on an Iranian tanker fed tensions in the Middle East, raising the potential for disruptions to crude output in the region.
West Texas Intermediate crude for November delivery CLX19, +0.73% climbed 58 cents, or 1.1%, to $54.13 a barrel on the New York Mercantile Exchange, with the front-month contract trading 2.5% higher for the week. The global benchmark, December Brent crude BRNZ19, +1.24% added 77 cents, or 1.3%, to $59.87 a barrel on ICE Futures Europe, on track for a weekly gain of 2.6%. Both benchmarks had posted losses in each of the previous two weeks in a row.[more]

https://www.marketwatch.com/story/o...iranian-tanker-blast-2019-10-11?mod=home-page
 
I drove back from CA on Saturday and found gas prices in AZ to be just under $3. That is still $1 cheaper than across the river in CA. FWIW I paid $3.999, 3.7899 and 2.999 for gas on the trip. Right now the cheapest in the Phoenix area is $2.899.

PO
 
A successful triple bottom so far, but that is certainly a bear flag... :scratchchin:

102319b.gif
 
This US oil major has been told to cut production by 85% to stay green

New report finds significant variation in oil and gas giants’ preparedness to act on climate change xxonMobil and ConocoPhillips are the US oil majors most exposed to political action on climate change because of their failure to diversity into alternative energy sources — with one needing to cut production by 85% to keep CO2 emissions within internationally agreed limits.

That is according to the latest report from Carbon Tracker, a “financial think-tank” that specialises in analysis of the impact of climate change. It found that, as a group, the world’s listed oil and gas companies would have to cut production by 35% on average in the next two decades to keep emissions within these limits.
But the report, published on November 1 and subtitled Why Deflating the Carbon Bubble Requires Oil & Gas Companies toShrink, found widely varying levels of shrinkage would be required across the sector. [more]

https://www.fnlondon.com/articles/r...osed-to-climate-change-20191101?mod=home-page

BULL! Bull-puffs.gif

 
nnuut said:
This US oil major has been told to cut production by 85% to stay green

New report finds significant variation in oil and gas giants’ preparedness to act on climate change xxonMobil and ConocoPhillips are the US oil majors most exposed to political action on climate change because of their failure to diversity into alternative energy sources — with one needing to cut production by 85% to keep CO2 emissions within internationally agreed limits.

That is according to the latest report from Carbon Tracker, a “financial think-tank” that specialises in analysis of the impact of climate change. It found that, as a group, the world’s listed oil and gas companies would have to cut production by 35% on average in the next two decades to keep emissions within these limits.
But the report, published on November 1 and subtitled Why Deflating the Carbon Bubble Requires Oil & Gas Companies toShrink, found widely varying levels of shrinkage would be required across the sector. [more]

https://www.fnlondon.com/articles/r...osed-to-climate-change-20191101?mod=home-page

BULL! View attachment 45037
Click to expand...

Interesting
 
Keystone Pipeline in North Dakota springs a leak-
383,000 gallons of crude oil flows out onto the land.

Keystone-oil-spill-Oct-19.2.jpg


Keystone oil pipeline leaks nearly 400K gallons in North Dakota

The Keystone oil pipeline has spilled approximately 383,000 gallons of tar sands oil in northeastern North Dakota, according to North Dakota state regulators on Thursday. The pipeline was shut down on Tuesday after crews discovered the leak.



TC Energy (formerly known as TransCanada), who owns the pipeline, said the leak affected 22,500 square feet of land, or, in a statement that appears to be downplaying the incident, “less than half the size of a football field… We will not have the exact figure until oil recovery has been completed.” They have posted regular updates:
A drop in pressure was detected by TC Energy’s operations control center at approximately 9:20 p.m. MT on October 29, 2019. We immediately began the process to shut down the pipeline, activated our emergency response procedures and dispatched our ground technicians to respond to the incident.
We will not know specifics about the cause of the incident until we complete the investigation and the segment of the pipeline is analyzed by an independent metallurgical lab.
There have been no reported injuries or impacted wildlife.
​
According to PBS, Karl Rockeman, North Dakota’s water quality division director, “said some wetlands were affected, but not any sources of drinking water. Regulators have been at the site since Wednesday afternoon monitoring the spill and cleanup, he said.”


More:
https://electrek.co/2019/11/01/keystone-oil-pipeline-leaks-nearly-400k-gallons-north-dakota/


( Who could ever have guessed that a pipeline in North Dakota could spring a leak??? )
 
You must log in or register to reply here.
Back
Top