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Category Archives: Energy

Iraq Country Analysis Brief

EIA: “Iraq is the second-largest crude oil producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia, and it holds the world’s fifth-largest proved crude oil reserves after Venezuela, Saudi Arabia, Canada, and Iran. Most of Iraq’s major known fields are producing or in development, although much of its known hydrocarbon resources have not been fully exploited. All of Iraq’s known oil fields are onshore. The largest fields in the south have relatively low extraction costs owing to uncomplicated geology, multiple supergiant fields, fields located in relatively unpopulated areas with flat terrain, and the close proximity of fields to coastal ports. Iraq is re-developing its oil and natural gas reserves after years of sanctions and wars. Iraq’s crude oil production grew by almost 1.5 million barrels per day (b/d) over the past five years, increasing from 2.6 million b/d in 2011 to almost 4.1 million b/d in 2015. These production estimates include oil produced in the Iraqi Kurdistan Region, the semiautonomous northeast region in Iraq governed by the Kurdistan Regional Government (KRG). The country’s production grew at a slower rate than the Iraqi government had expected over the past decade because of infrastructure bottlenecks in the south, supply disruptions in the north, and delays in awarding contracts. However, Iraq’s production boomed in 2015, increasing by almost 700,000 b/d compared with the level in 2014 and representing the largest year-over-year increase since Iraq’s production recovery in 2004, following the start of the Iraq war…”

Graphic: Bike to Work Day

“To commemorate Bike to Work Week (May 16-20) and Bike to Work Day (May 20), the U.S. Census Bureau presents a graphic showing the percentage of people biking to work in cities with a population of 100,000 or more. The percentages are derived from the 2014 American Community Survey. Internet address: www.census.gov/library/visualizations/2016/comm/bike2work.html.”

World Bank Commodity Markets Outlook April 2016

“Amid improving market sentiment and a weakening dollar, the World Bank is raising its 2016 forecast for crude oil prices to $41 per barrel from $37 per barrel in its latest Commodity Markets Outlook, as an oversupply in markets is expected to recede. The crude oil market rebounded from a low of $25 per barrel inContinue Reading

UN Framework Convention on Climate Change

“At COP 21 in Paris, Parties to the UNFCCC reached a historic agreement to combat climate change and to accelerate and intensify the actions and investments needed for a sustainable low carbon future. The Paris Agreement’s central aim is to strengthen the global response to the threat of climate change by keeping a global temperatureContinue Reading

Leaders Aim to Put a Price on Half of All Global Carbon Emissions

World Bank – “Ten leaders, including Chancellor of the Federal Republic of Germany Angela Merkel, Mexican President Enrique Peña Nieto, and World Bank Group President Jim Yong Kim, have laid out goals in a joint vision statement to expand carbon pricing to cover 25 percent of global emissions by 2020, and achieve 50 percent coverage withinContinue Reading

Interior Secretary Jewell Announces Nearly $95M in Funding for all 50 States

“U.S. Secretary of the Interior Sally Jewell today announced nearly $95 million will be distributed from the Land and Water Conservation Fund (LWCF) to all 50 states, U.S. territories, and the District of Columbia to support conservation and recreation projects in local communities. The funds, which are generated out of a portion of the lease revenueContinue Reading

Report – Proxy Carbon Pricing

Center for American Progress – Proxy Carbon Pricing, A Tool for Fiscally Rational and Climate-Compatible Governance, By Alison Cassady and Gwynne Taraska. April 2016. “As the world unites to fight climate change, more and more countries are turning to carbon pricing as a means to reduce their greenhouse gas emissions. By putting a price onContinue Reading

Total U.S. energy production increases for sixth consecutive year

EIA Report – April 18, 2016: “Total U.S. energy production increased for the sixth consecutive year. According to data in EIA’s most recent Monthly Energy Review, energy production reached a record 89 quadrillion British thermal units (Btu), equivalent to 91% of total U.S. energy consumption. Liquid fuels production drove the increase, with an 8% increaseContinue Reading

WSJ graphic – how much does it cos to produce a barrel of oil?

Barrel Breakdown – The cost of producing a barrel of oil and gas varies widely across the world, setting up winners and losers as the price of crude fluctuates at historically low levels. See also via New York Times – Major Oil Exporters Fail to Agree on Production Freeze – “A freeze would have involvedContinue Reading

Aerial Surveys of Elevated Hydrocarbon Emissions from Oil and Gas Production Sites

Aerial Surveys of Elevated Hydrocarbon Emissions from Oil and Gas Production Sites Environ. Sci. Technol., Article ASAP. DOI: 10.1021/acs.est.6b00705 Publication Date (Web): April 05, 2016. Copyright © 2016 American Chemical Society Abstract – “Oil and gas (O&G) well pads with high hydrocarbon emission rates may disproportionally contribute to total methane and volatile organic compound (VOC)Continue Reading

Decoupling of global emissions and economic growth confirmed

“International Energy Analysis [IEA] analysis shows energy-related emissions of CO2 stalled for the second year in a row as renewable energy surged. Global energy-related carbon dioxide emissions (CO2) – the largest source of man-made greenhouse gas emissions – stayed flat for the second year in a row, according to analysis of preliminary data for 2015 released [MarchContinue Reading

U.S. Carbon Dioxide Emission Trends and the Role of the Clean Power Plan

CRS report via FAS – U.S. Carbon Dioxide Emission Trends and the Role of the Clean Power Plan, Jonathan L. Ramseur, Specialist in Environmental Policy. April 11, 2016. “Recent international negotiations and domestic policy developments have generated interest in current and projected U.S. greenhouse gas (GHG) emission levels. GHG emissions are generated throughout the UnitedContinue Reading