Global warming: 400 million tonnes CO2 pumped to atmosphere a year from this source the world is blind to

Gas flared at and gas facilities is greater than EU’s total import from Russia and a key source of methane emission

Down To Earth | May 06, 2022

Something that has not changed over 160 years of oil production is the deliberate burning of gas associated with it, called gas flaring. It is turning out to be a major source of methane emission, a greenhouse gas (GHG) “over 80 times more powerful than carbon dioxide as a warming gas on a 20-year timeframe”.

The World Bank’s latest 2022 Global Gas Flaring Tracker Report underscored that the efforts to curb this global warming causing activity have “stalled” in the last one decade.

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Consequences on Ditching Russian Oil – Moscow

teleSUR | March 07, 2022

Consequences of removing Russia from the oil market in Europe. Mar. 7, 2022. | Photo: Twitter/@Tr_Ekinimi

On Monday, the Russian Deputy Prime Minister highlighted the consequences of removing Russian oil from the market.

Aleksandr Novak, Russia’s deputy prime minister, noted the consequence that the removal of Russian oil from the market will bring, starting for the rise in energy prices, with a foreseen of over $300 per barrel of oil.

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Ukraine Update: U.S. Oil Prices Briefly Soared Above $130 Amid Concerns Of Chaos In Commodity Flows

Countercurrents | Marhc 07, 2022

Values for U.S. oil soared Sunday evening, driving prices above $125 a barrel in electronic trade as discussions about a ban on Russian oil heated up following the Ukraine crisis.

Oil prices have soared to the highest level since 2008 after the U.S. said it was discussing a potential embargo on Russian supplies with its allies.

Brent crude – the global oil benchmark – spiked to above $139 a barrel, before easing back to below $130.

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Ukraine Update: Oil Hits 10-year High And Closes In On $120 A Barrel

Countercurrents | March 04, 2022

On incidents centering Ukraine, media reports said:

French President Emmanuel Macron thinks “the worst is yet to come” in Ukraine after talking with Russian President Vladimir Putin on Thursday.

A senior French official said Macron’s warning came after the two leaders spoke for 90 minutes, which did not yield any diplomatic progress.

The official said Putin was determined to carry out the ongoing war in Ukraine until “the end.”

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Greenwash: Oil industry promotes carbon capture fantasy

Fossil fuel production gets rebranded as “carbon management.”

by June Sekera and Neva Goodwin

The Conversation | November 23, 2021

After decades of sowing doubt about climate change and its causes, the fossil fuel industry is now presenting itself as the source of solutions.

After decades of sowing doubt about climate change and its causes, the fossil fuel industry is now shifting to a new strategy: presenting itself as the source of solutions. This repositioning includes rebranding itself as a “carbon management industry.”

This strategic pivot was on display at the Glasgow climate summit and at a Congressional hearing in October 2021, where CEOs of four major oil companies talked about a “lower-carbon future.” That future, in their view, would be powered by the fuels they supply and technologies they could deploy to remove the planet-warming carbon dioxide their products emit – provided they get sufficient government support.

That support may be coming. The Department of Energy recently added “carbon management” to the name of its Office of Fossil Energy and Carbon Management and is expanding its funding for carbon capture and storage.

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US Sanctions Against the Venezuelan Oil Industry: A Timeline

We detail US sanctions against Venezuela’s oil sector in this infographic.

Venezuelanalysis.com | August 27, 2021

In recent years, Washington has ramped up its regime-change efforts against Caracas through a wide-reaching, devastating economic blockade. In particular, the US Treasury Department has levied a raft of measures targeting Venezuela’s oil sector in an attempt to starve the country of foreign income. The unilateral sanctions have crippled the country’s most important industry.

In the following infographic, designed by Utopix’s Kael Abello, we detail the US sanctions against the oil industry and the resulting fall in output.

A detailed timeline of the crushing measures levied by the US Treasury Department against Venezuela's most important industry. (Venezuelanalysis / Utopix)
A detailed timeline of the crushing measures levied by the US Treasury Department against Venezuela’s most important industry. (Venezuelanalysis / Utopix)
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Greenland Goes Green: No More New Oil and Gas Exploration

A Journal of People report

Greenland will no more go for new oil and gas exploration. Greenland government puts an end to new oil and gas exploration.

A CBS News report said:

“Greenland has suspended all new oil and gas exploration, the country’s government announced Thursday. Government officials said they believe the ‘price of oil extraction is too high,’ citing both economic considerations and the fight against climate change.

“‘This step has been taken for the sake of our nature, for the sake of our fisheries, for the sake of our tourism industry, and to focus our business on sustainable potentials,’ the government, called Naalakkersuisut, said in a statement.”

A report by The Weather Network (Greenland government puts an end to new oil and gas exploration, July 22, 2021) said:

“The Greenlandic government, Naalakkersuisut, has announced that the country will no longer issue new licenses for oil and gas exploration. A draft-bill was also issued to ban the preliminary investigation, exploration, and extraction of uranium.

“A study from The Geological Survey of Denmark and Greenland (GEUS) estimates that there are DKK 18 billion (approximately $3 million USD) de-risked barrels of oil on the west coast of Greenland as well as “large deposits” of oil underneath the ocean floor off the country’s east coast.

“However, the announcement that came on July 19 states that there are several reasons why future oil extraction will not be permitted.

“‘The Greenlandic government believes that the price of oil extraction is too high. This is based upon economic calculations, but considerations of the impact on climate and the environment also play a central role in the decision,’ the announcement states.

“‘Against this background, Naalakkersuisut has decided to cease issuing new licenses for oil and gas exploration in Greenland. This step has been taken for the sake of our nature, for the sake of our fisheries, for the sake of our tourism industry, and to focus our business on sustainable potentials.’”

The report said:

“Scientists say that Greenland and other regions in the Arctic are amongst the fastest warming places on the planet. A study (Niklas Boers and Martin Rypdal, “Critical slowing down suggests that the western Greenland Ice Sheet is close to a tipping point”) published in Proceedings of the National Academy of Sciences of the United States of America (PNAS) states that the central-western part of the Greenland Ice Sheet could ‘undergo a critical transition relatively soon’ and that the entire island could be ice-free by the year 3000.

“In addition to the concerning rate of disappearing ice, other impacts from the thawing landscape include rising levels of mercury in meltwater and drastic changes in biodiversity.

“‘Naalakkersuisut takes climate change seriously. We can see the consequences in our country every day, and we are ready to contribute to global solutions to counter climate change. Naalakkersuisut is working to attract new investments for the large hydropower potential that we cannot exploit ourselves. The decision to stop new exploration for oil will contribute to place Greenland as the country where sustainable investments are taken seriously,’ stated Kalistat Lund, the Minister for Agriculture, Self-sufficiency, Energy and Environment.”

Greenland has four active exploration licenses, owned by two small companies, that the government will still be required to respect as long as licensees are still exploring, The Associated Press reported.

The Greenland government also announced that it has sent out a draft bill for consultation that would ban preliminary investigation, exploration and extraction of uranium.

Uranium, according to the U.S. Environmental Protection Agency, is a widely-used radioactive element that is now primarily used as fuel for nuclear energy. There are several ways to extract uranium, but all of them, according to the EPA, produce radioactive waste.

“The Greenlandic population has based its livelihood on the country’s natural resources for centuries, and the ban on uranium mining is rooted in a profound belief that business activities must take nature and the environment into account,” Naalakkersuisut said in a statement.

The study report “Critical slowing down suggests that the western Greenland Ice Sheet is close to a tipping point” said:

“The Greenland Ice Sheet (GrIS) is a potentially unstable component of the Earth system and may exhibit a critical transition under ongoing global warming. Mass reductions of the GrIS have substantial impacts on global sea level and the speed of the Atlantic Meridional Overturning Circulation, due to the additional freshwater caused by increased meltwater runoff into the northern Atlantic. The stability of the GrIS depends crucially on the positive melt-elevation feedback (MEF), by which melt rates increase as the overall ice sheet height decreases under rising temperatures. Melting rates across Greenland have accelerated nonlinearly in recent decades, and models predict a critical temperature threshold beyond which the current ice sheet state is not maintainable. We investigate long-term melt rate and ice sheet height reconstructions from the central-western GrIS in combination with model simulations to quantify the stability of this part of the GrIS. We reveal significant early-warning signals (EWS) indicating that the central-western GrIS is close to a critical transition. By relating the statistical EWS to underlying physical processes, our results suggest that the MEF plays a dominant role in the observed, ongoing destabilization of the central-western GrIS. Our results suggest substantial further GrIS mass loss in the near future and call for urgent, observation-constrained stability assessments of other parts of the GrIS.”

It said:

“During the last century, the Greenland Ice Sheet (GrIS) has lost mass at an accelerating rate. The mass loss is caused by solid ice discharge into the North Atlantic and surface melting due to increasing temperatures. The relative contribution of the latter has increased from 42% before 2005 to 68% between 2009 and 2012, and surface runoff caused 84% of the increase in mass reduction since 2009. The complete melting of the GrIS would cause a global sea level rise of more than 7 m. Continued melting of the GrIS has been suggested to potentially lead to a collapse of the Atlantic Meridional Overturning Circulation via increased freshwater flux into the North Atlantic, which may, in turn, trigger a cascade of transitions in additional tipping elements such as the Amazon rainforest and the tropical monsoon systems.”

School Children, Fracking Fumes, Immigrant Parent’s Daughter, Climate Crisis and Billions of Dollar

Countercurrents | June 21, 2021

Media reports from the U.S. tell about environmental incidents and hardship of the common people in the society.

Fracking and Children

A Fort Worth Star-Telegram report (Thousands of Arlington’s schoolchildren are exposed to fracking fumes, report warns, Thu, June 17, 2021) said:

More than half of Arlington’s public school children attend classes within half a mile of a natural gas drilling site, prompting concerns about the effects of fracking on their health, according to a new report published Tuesday.

A year-long investigation by the Center for Investigative Reporting — which produces the popular news podcast Reveal — found that more than 30,000 Arlington kids go to school near a drilling site. Up to 7,600 infants and toddlers are dropped off at private daycares within the same half-mile radius of drilling, according to the center’s analysis.

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IMPERIALISM 

$150 billion of oil money has been stolen from Iraq since the US-led invasion of 2003

| May 26, 2021

An estimated $150 billion of stolen money has been smuggled out of Iraq in corrupt deals since the US-led invasion of Iraq in 2003, Iraqi President Barham Salih said Sunday.

CNN and The New Arab reports said:

“Of the close to a thousand billion dollars made from oil since 2003, an estimated $150 billion of stolen money has been smuggled out of Iraq,” Salih said in a televised speech.Read More »

EMPIRE’S STUPIDITY

On Last Day in Office, Trump Accidentally Sanctioned an Italian Restaurant Instead of an Oil Exporter

Dharna Noor

GIZMODO | April 02, 2021

Fresh pasta topped with cracked pepper, parmesan, and crude oil, anyone?
Fresh pasta topped with cracked pepper, parmesan, and crude oil, anyone?
Photo: Miguel Medina (Getty Images)

Former President Donald Trump seems, uh, unadventurous when it comes to food, but I always thought he was down with Italian cuisine, or at least pizza and pasta. Yet his administration slapped sanctions on an Italian restaurant as part of an economic blockade against Venezuela.

April Fool’s Day is over, and this isn’t a joke. On Trump’s last day in office, his Department of Treasury placed sanctions on a restaurant and pizzeria in Verona, Italy called Dolce Gusto, owned by Alessandro Bazzoni. But this week, the Treasury copped to its mistake and removed the restaurant and Bazzoni. Mamma mia, what a mess!Read More »