Tag: Oil (Petroleum) and Gasoline

Judge Blocks the Disputed Keystone XL Pipeline in a Setback for Trump’s Energy Agenda

Want climate news in your inbox? Sign up here for Climate Fwd:, our email newsletter. WASHINGTON — A federal judge late Thursday blocked construction of the disputed Keystone XL oil pipeline, saying the Trump administration “simply discarded” the effect the project would have on climate change. The ruling by Judge […]

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Mining Innovation Aims to Turn Utah Sands Into an Oil Patch

VERNAL, Utah — Utah is a yawn amid the drilling frenzy that has upended the energy picture in recent years. It accounts for just one of every 100 barrels of oil produced nationwide. But a couple of executives who have spent decades hunting for oil across the Middle East, South […]

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The $20 Billion Question for Guyana

The first chance was independence from Britain in 1966, and that chance was blown. A plague of ethnic tribal politics has produced a fragile state with an economy propelled by drug trafficking, money-laundering, and gold and diamond smuggling. A vast majority of college-educated youths emigrate to the United States or Canada, while those who stay […]

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A Soybean Surge Makes Trump’s Trade War Look Deceptively Good

WASHINGTON — President Trump’s trade war is expected to temporarily bolster United States economic growth, in part because Beijing tried to beat the clock on Mr. Trump’s tariffs by stocking up on American soybeans, crude oil and other exports. Economists are predicting that the gross domestic product for the second quarter could reach 5 percent […]

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Scott Pruitt, Fallen E.P.A. Chief, May Rise Again in Oklahoma

“I don’t see how he doesn’t have a chance” to win a future statewide office, Mr. Zezima said. Noel Runyan, 31, a liberal-leaning high school social studies teacher, agreed. Mr. Pruitt has portrayed himself as a victim of liberal enemies, he said, and “a lot of the political culture in this state depends on that […]

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U.S. Softens Demand That Countries Stop All Iran Oil Imports

WASHINGTON — The Trump administration is softening its earlier demand that countries like China, India and Turkey end all imports of Iranian oil by Nov. 4, as a top State Department official on Monday said the United States would allow reduced oil flows, in certain cases. “We are prepared to work with countries that are […]

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Trump Says Saudi Arabia Will Increase Oil Production

President Trump tweeted on Saturday that Saudi Arabia, a major international oil supplier, has agreed to increase oil production. Mr. Trump has repeatedly called for an increase in production to ease rising oil prices. Saudi Arabia is the de facto leader of the Organization of the Petroleum Exporting Countries, and had previously been wary of […]

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Roiling Markets, U.S. Insists World Must Stop Buying Iranian Oil

The United States said on Tuesday that it will impose sanctions against all importers of Iranian oil by Nov. 4, a surprisingly tough position that roiled oil markets and is likely to further alienate allies and adversaries alike. The policy shook financial markets that had become accustomed to waivers for American sanctions that in years […]

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Federal Judge Dismisses Cities’ Suit Against Oil Companies Over Costs of Climate Change

A federal judge on Monday threw out a lawsuit brought by two California cities suing fossil fuel companies over the costs of dealing with climate change. The judge, William Alsup of Federal District Court in San Francisco, acknowledged the science of global warming and the great risks to the planet, as did the oil and […]

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This Coral Must Die

In a lab in Philadelphia, scientists are studying what it takes to kill “super coral” to understand the impact of human activities on the mysterious reefs of the deep ocean. June 25, 2018 In a cold room at Temple University, in landlocked Philadelphia, finger-sized fragments of coral bathe in four small tanks of seawater. The […]

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Saudis, Saying They Heard Price Complaints, Are Raising Oil Production

VIENNA — Saudi Arabia said on Saturday that it was substantially increasing oil production in an effort to cool down rising prices and head off potential future shortages. Khalid al-Falih, the Saudi energy minister, told journalists at the headquarters of the Organization of the Petroleum Exporting Countries here that Saudi Aramco, the national oil company, […]

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Nonfiction: A History of the Energy We Have Consumed

For Rhodes, energy and geopolitics are intimately connected. In his telling, the American Revolution helped damage the whaling industry, and the Napoleonic Wars helped spur advances in the steam engine by increasing the demand for horses and, therefore, the cost of transporting them and their fodder. In a likely surprise to many readers, Rhodes explains […]

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An Oil Giant Is Taking Big Steps. Saudi Arabia Can’t Afford for It to Slip.

It led to the 170-mile-long Ghawar field, which remains by far the world’s largest oil discovery. Such finds altered Saudi Arabia’s prospects. After a pause during World War II, money started coming in, and jobs were suddenly on offer for the new company, the Arabian American Oil Company, or Aramco. Aramco soon became a magnet […]

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Workers Flee and Thieves Loot Venezuela’s Reeling Oil Giant

EL TIGRE, Venezuela — Thousands of workers are fleeing Venezuela’s state-owned oil company, abandoning once-coveted jobs made worthless by the worst inflation in the world. And now the hemorrhaging is threatening the nation’s chances of overcoming its long economic collapse. Desperate oil workers and criminals are also stripping the oil company of vital equipment, vehicles, […]

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The Resource Curse of Appalachia

In Pennsylvania, a band of citizen activists has fought back. Among them are retired coal miners and steelworkers whose activism is rooted in the long history of labor unions in the state. Historically Democrats, most are also socially conservative hunters and fishers. Many were Trump voters who adhere to neither party and resist easy political […]

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Pope Tells Oil Executives to Act on Climate: ‘There Is No Time to Lose’

Japanese, American, British, French and Norwegian money managers were also on the list, according to news accounts, as well as the chief executive of the investment firm BlackRock and a former energy secretary under President Barack Obama. Paul J. Browne, a Notre Dame spokesman, said the university’s president, the Rev. John I. Jenkins, had been […]

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Trump Orders a Lifeline for Struggling Coal and Nuclear Plants

If the Trump administration were to invoke these two statutes, the move would almost certainly be challenged in federal court by natural gas and renewable energy companies, which could stand to lose market share. Depending on what the Trump administration decides, an intervention to prop up unprofitable coal and nuclear plants could cost consumers between […]

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24 Oil Wells in a School’s Backyard. How Close Is Too Close?

WELD COUNTY, Colo. — A new oil rig will rise behind a middle school in this sprawling county in the coming months, its slender tower bearing an announcement: fracking is back. After a downturn that began in 2015, oil and gas production is booming again, and new projects are sprouting along American freeways and padding […]

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