Tag Archive: Oil

Tar Sands – European Sales Temporarily Saved by the Netherlands and UK

Tar sand oil has a bad reputation. Its production destroys large expanses of land and requiring huge amounts of energy (emanating from fossil fuel) input, heavily pollutes the atmosphere adding to global warming. Transporting the oil to refineries and consumers threatens even more land and people. In short, tar oil is about the dirtiest and most harmful source of energy you can think of. Now, Europe is on the brink to introduce a labeling system for energy sources according to their greenhouse gas footprint. Tar sand oil, will get the little attractive label of producing 22% more emissions than …

Biofuels – Equalling Libya’s Oil Output

Some interesting figures that are worth being noted. Biofuel production now consumes 40% of the US corn harvest. In terms of produced quantity, biofuels account for more fuel than the oil production of Libya. Biofuels become price competitive if oil costs more than 70 US$ / barrel – it has frequently topped 100 US$ in the last couple of years.
ON-green-policy. Biofuels are questionable in terms of carbon saving efficiency and also in terms of competing with food production. While the US, where 50% of the world’s biofuels are produced don’t go hungry, the recent boom in Biofuels still influences …

Brazil – Insignificant Fine for Chevron Oil Spill

After Brazil’s worst oil spill in a long time, with thousands of barrels of crude spilled into the ocean, US company Chevron was fined 28m of dollars. According to the law this is the highest amount Brazilian government agencies can fine per infraction. Therefore, unless other offences are found, the punishment for what amounts to be a critical error, which could have triggered far more serious consequences, will be equal to just 12 hours of Chevron benefits.
ON-green-policy. This is clearly not the kind of incentive suitable to make Chevron acting more carefully next time, when it has to choose …

Algeria – Major Push for Green Energy

Algeria will invest 20b US$ in green energy production. According to the oil state’s very ambitious plans, renewable energy will satisfy 40% of rapidly raising energy demand in 2030.
ON green policy: Considering Algeria’s plentiful oil reserves, that move seems rather surprising. After all, domestic oil production could guarantee decades of cheap fuel and electricity. However, this perspective corresponds to rather shortsighted fossil energy security thinking and prevents more innovative strategies. Algerians simply did the maths and figured that they could sell domestic oil for more money than replacing it with green energy would cost them. In other words, electricity …

Canada – War Planes 145 Times More Important Than Environment

While Australia is finally getting real (see this article) about climate change and related environmental problems, Canada goes in the opposite direction. Under the pretext of cutting the budget deficit Prime Minister Harper is slashing funding for the main Canadian environmental agency “Environment Canada” by about 20%. Hundreds of jobs watching over pollution standards, documenting the dwindling arctic ozone layer or researching climate change will be lost and Canada will lose its once leading position in climate and environmental science.
ON green policy! One cannot stop wondering about Harpers priorities. While he apparently cannot afford 200m Canadian dollars for continuing …

US Military – Fighting Oil Consumption

Clear words from a surprising actor: Completely unsuspicious of being a leftwing, tree-hugging dreamer, the US military conceives the US reliance on fossil fuels as a threat to national security. Emerging crisis of any sort are very likely to drive up prices and the resulting financial and social problems should be a top concern of any responsible security politician. The dependence on foreign oil needs thus urgently be reduced. Until here most political observers will probably agree but then it comes: According to the study, switching to more domestic or Canadian oil production will not alleviate the problem since …