Oil

New million-dollar donation from out-of-state oil company helps the attack on California’s climate change law

According to a story in today’s Los Angeles Times, a new $1 million cash infusion from Kansas-based oil company Koch Industries –the second-largest private company in the U.S. — is buoying the campaign in favor of Proposition 23, which would block implementation of California’s landmark law to limit greenhouse gas emissions.  The company is owned by …

CONTINUE READING

California Ocean Science Trust Releases Study Evaluating Alternatives for Decommissioning California’s Offshore Oil and Gas Platforms

Last week, the California Ocean Science Trust released a long-awaited study that synthesizes scientific and legal information to inform policymakers and stakeholders on alternative paths for the decommissioning of California’s offshore oil and gas platforms. 27 of these platforms operate off the coast of California, and eventually all of them will stop producing fossil fuel …

CONTINUE READING

Future Oil Prices

The Energy Information Agency at DOE has some really interesting projections of future oil use and prices.  According to the EIA, in their baseline scenario, “the price of light sweet crude oil in the United States (in real 2007 dollars) rises from $61 per barrel in 2009 to $110 per barrel in 2015 and $130 …

CONTINUE READING

Our Carbon-Based Trade Deficit

A lot of people are worried about the trade deficit.  As it turns out, more than half of the deficit is due to petroleum imports, as Matthew Yglesias points out.  This graph tells the story:

CONTINUE READING

Environmental Hypocrisy

Recently, CBS’s 60 Minutes ran a story on the current environmental damages litigation 30,000 Ecuadorians are bringing in that country’s courts against Chevron.  The case arises out the toxic oil wastes a Chevron subsidiary left behind in the Ecuadorian rain forest following decades of oil production deep in the headwaters of the Amazon. The plaintiffs, …

CONTINUE READING

Got oil?

According to research compiled by the staff at The Oil Drum, we may have hit peak oil production in 2008. Many experts predicted that peak oil would happen sometime around now, although perhaps not for another decade or so. If this research is correct, then we should expect a corresponding decrease in the supply of …

CONTINUE READING

Join Our Mailing List

Climate policy is changing rapidly. Stay in the loop with expert analysis via email Monday - Friday.

Join Our Mailing List

The Drain is a roundup of climate and environmental news from Legal Planet delivered to your Inbox once a week.

The Drain

TRENDING