Most of the reduction comes from burning less coal. According to the EIA, changes in the national mix of electricity production—especially the shift toward cleaner-burning natural gas—accounted for 68 percent of the emissions reductions between 2005 and 2015.
The Obama administration on Thursday announced a set of much-anticipated — and first ever — steps to regulate oil and gas industry emissions of methane, a powerful greenhouse gas second only to carbon dioxide in its role in the climate debate.
“I don’t know if it’s physically possible for us to ever get to a point where we don’t need to import certain types of crude,” Suzanne Minter, Oil & Natural Gas analyst at Platts Analytics, told CNBC.
“I personally feel that we need to have more flex-fuel vehicles that can, in fact, use different mixes of petroleum-based fuels and alcohol-based fuels.”
Alberta’s unusually early and large fire is just the latest of many gargantuan fires on an Earth that’s grown hotter with more extreme weather.
“Everything changes when you adopt a different approach.” Yossie Hollander, founder of Fuel Freedom Foundation, called for new solutions to tackle energy poverty at IESE in Barcelona.
Market watcher Dennis Gartman said Tuesday that U.S. oil prices may move to a premium over Brent because of the Canadian wildfire, which is weighing heavily on North American output.
The billionaire oil investor recently made headlines for declaring, at a Manhattan dinner, that the industry is “dead in the water.” That said, it won’t be forever, says Pickens.
A recent study by Santa Monica–based think tank RAND Corporation concludes that ExxonMobil’s Torrance outage cost California drivers nearly $2.4 billion at the pump.
When Elon Musk said last week that Tesla Motors aims to roll out 500,000 vehicles by 2018, plenty of folks on Wall Street immediately voiced their doubts. Add Morgan Stanley’s Adam Jonas to that list.
