Trump oil lease sale is a pitiful bust

On a related note, Big Oil hasn't for the most part been doing what Trump wants in Venezuela. (The linked article's good, though the headline's misleading.)

The oil lease sale on (June 5) raised just $3.7 million, resulting in five leases between two small Alaskan companies, according to the Bureau of Land Management (BLM). That’s less than the price of some Manhattan penthouses. While previous, successful lease sales in other BLM-managed areas of Alaska, New Mexico, and Texas suggested the oil industry remained interested in drilling on public lands, Big Oil snubbed this sale.

Environmental organizations and some Democratic lawmakers celebrated the blow to the Trump administration’s fossil-fuel-focused “Unleash American Energy” agenda. Still, they warned that the new leasing threatens to destroy globally significant wildlife habitat. - Gizmodo

Big Oil’s deep injection wells are a pending large-scale disaster

Government agencies have long been complicit.

A cache of government documents dating back nearly a century casts serious doubt on the safety of the oil and gas industry’s most common method for disposing of its annual trillion gallons of toxic wastewater: injecting it deep underground.

Despite knowing by the early 1970s that injection wells were at best a makeshift solution, the U.S. Environmental Protection Agency (EPA) never followed its own determination that they should be “a temporary means of disposal,” used only until “a more environmentally acceptable means of disposal [becomes] available.”

…The documents show there may be little scientific merit to industry and government claims that injection wells are a safe means of disposal — putting drinking water and other mineral resources in communities across the country at risk of contamination, and jeopardizing local economies and public health.

The U.S. oil and gas industry produces 25.9 billion barrels of wastewater each year (or 1.0878 trillion gallons), according to the most recent data available, a 2022 report from Groundwater Protection Council that relies on 2021 data. That’s enough to form a line of waste barrels to the moon and back 28 times. - DeSmog

Big Oil is privately freaking out over Trumpism

You'd think that they of all people would be "walking on air," these days.

“Chaos.” “A disaster.” “Uncertainty.” “Very negative.”

That’s a sample of the reactions to Trump’s first few months published in the latest Dallas Fed Energy Survey, which gives executives from nearly 200 oil companies headquartered in Texas the chance to speak anonymously about burning issues inside the oil industry…

Big oil poured hundreds of millions of dollars into Trump’s re-election campaign and down-ballot GOP candidates last year, including an $80 million advertising spree — not counting undisclosed “dark money” funding. Fossil fuel fortunes have funded Project 2025 and its backers, alongside even more extreme far-right Trump-era policy blueprints.

But Trump’s tariffs, rising steel prices, and his sledgehammer approach to the administrative state are starting to unnerve oil and gas executives — at least in the anonymous survey conducted quarterly by the Dallas Fed. - DeSmog

The corporate "bigs," climate denial, and social media

Many of us didn't need a study to know full well this is happening. But it's good to have it documented and proved.

From 2008 to 2023, nine of the nation’s largest oil, agrichemical, and plastics trade groups and corporations posted thousands of tweets on the social media platform X, and their messaging on environmental issues was strikingly “obstructive” for climate policy and action, a study published (in January) in the journal PLOS Climate concludes.

The study found that all of the organizations, including the American Petroleum Institute (API) and the American Farm Bureau Federation (AFBF), were mentioned by at least four of the other groups – helping to essentially create an echo chamber for similar messages. The groups also frequently tagged regulators and the media in their posts, with researchers finding the Environmental Protection Agency was tagged 795 times and the Wall Street Journal, the most mentioned media organization, tagged 517 times out of more than 125,000 X posts.

“Our study suggests that climate obstruction in different industries is more coordinated than is generally recognized,” said co-author Jennie Stephens, professor of Sustainability Science and Policy at Northeastern University and of Climate Justice at the National University of Ireland Maynooth.

“Combined with the high engagement of the petrochemical derivative and fuel sectors with government regulatory, policy, and political entities in the energy and environmental in particular, this suggests strategic attempts to undermine and subvert climate policy through social media,” the authors wrote. - DeSmog

Head of Cop29 is a fossil fuels guy

As if it wasn't already clear enough that the Cop's are mostly about corporate greenwashing.

The chief executive of Cop29 has been filmed apparently agreeing to facilitate fossil fuel deals at the climate summit.

The recording has amplified calls by campaigners who want the fossil fuel industry and its lobbyists to be banned from future Cop talks.

The campaign group Global Witness posed undercover as a fake oil and gas group asking for deals to be facilitated in exchange for sponsoring the event.

In the calls, Elnur Soltanov, Azerbaijan’s deputy energy minister and chief executive of Cop29, agreed to this and spoke of a future that includes fossil fuels “perhaps for ever”. Cop officials also introduced the fake investor to a senior executive at the national oil and gas company Socar to discuss investment opportunities. - The Guardian

A massive shortfall for cleaning up after Big Oil

We need strong, progressive governance, or we will get stuck with these kinds of bills.

There are more than 2 million unplugged oil and gas wells that will need to be cleaned up, and the current production boom and windfall profits for industry giants have obscured the bill’s imminent arrival. More than 90% of the country’s unplugged wells either produce little oil and gas or are already dormant.

By law, companies are responsible for plugging and cleaning up wells. Oil drillers set aside funds called bonds, similar to the security deposit on a rental property, that are refunded once they decommission their wells or, if they walk away without doing that work, are taken by the government to cover the cost.

But an analysis by ProPublica and Capital & Main has found that the money set aside for this cleanup work in the 15 states accounting for nearly all the nation’s oil and gas production covers less than 2% of the projected cost. That shortfall puts taxpayers at risk of picking up the rest of the massive tab to avoid the environmental, economic and public health consequences of aging oil fields. - ProPublica

Big Oil suddenly has issues with methane emissions penalties

This article gets into the complications. I personally don't see a need to back off on anything when it comes to holding Big Energy accountable.

The Inflation Reduction Act, the 2021 U.S. climate law abbreviated IRA, primarily reduces emissions through financial incentives, rather than binding rules. But in addition to all its well-known carrots, lawmakers quietly included a smaller number of sticks — particularly when it comes to the potent greenhouse gas methane, which has proven to be a pesky source of increasing climate pollution with each passing year. New research suggests that those sticks could soon batter the oil and gas industry, which is responsible for a third of all methane emissions in the U.S.

An IRA provision directs the Environmental Protection Agency, or EPA, to charge $900 for every metric ton of methane above a certain threshold released into the atmosphere in 2024. The issue is particularly challenging to tackle in oil and gas fields because methane is the primary component in natural gas, and it leaks from hundreds of thousands of devices scattered across the country. In 2022, oil and gas facilities emitted more than 2.5 million metric tons of methane. - Grist

Big Oil's disgusting plan to deal with protest

Vile.

A new report by Greenpeace USA details the widespread coordination between the public and private sectors to monitor activism, punish protesters both physically and legally, and grease the wheels for proposed anti-protest bills that criminalize civil disobedience.

“Corporate polluters, and their allies in government, have shown they will go to extreme lengths to silence us,” said Greenpeace Senior Research Specialist Andres Chang, one of the authors and editors of the report. “Why? Because a supermajority of Americans support climate action, and our ability to voice our dissent is essential to making climate progress.”

The Greenpeace report combines previously available research with new details about the ongoing collaboration between police officers and private security forces, the strategic use of dissent-chilling lawsuits, and tight-knit relationships between fossil fuel representatives and law enforcement — all of which compromise both the public interest and the First Amendment rights of protesters. - Truthout

Yes, fracking kills

The evidence has become for all practical purposes conclusive.

Hydraulic fracturing for oil and gas is linked to an array of health harms, including cancer, cardiovascular disease, asthma and birth defects, according to the latest compilation of studies on the impact of fracking on human health.

The ninth edition of a “compendium” of scientific, medical, government and media reports on the industry’s health effects, released (October 19), contains references to almost 2,500 papers that add to evidence that fracking has an array of negative impacts on human health, the authors say.

The number of studies collected is now more than six times what it was when the first compendium was published in 2014, but the conclusions are the same, said Dr. Sandra Steingraber, the lead author, and a member of Physicians for Social Responsibility and Concerned Health Professionals of New York, which jointly published the 637-page document. - Inside Climate News

Massive fossil fuels subsidies continue, in spite of it all

In theory, what we could use in this country is nationalization of Big Filthy Fossil Fuels. This would help in getting them phased out more rapidly, and in neutering them politically. Forced buyouts actually wouldn't cost us taxpayers much, if they're done in the manner of the sorts of leveraged buyouts beloved of "free marketers." "In theory" because something so sensible is highly unlikely to happen any time soon.

Imagine a bunch of people who are kidnapped and tortured by being put in a hot room, and their tormentors keep turning up the thermostat. So the prisoners stage a revolt and grab control of the thermostat. But they turn it up on themselves, making the room even hotter, and black out from heat stroke.

It isn’t a very satisfying thriller because the prisoners act in a bewildering way, joining in to torture themselves.

It is, however, the thriller we are living, however bizarre the characters’ actions.

The International Monetary Fund reports that the nations of the globe indirectly subsidized fossil fuels, the sources of dangerous greenhouse gases causing global heating, to the tune of $7 trillion in 2022. In other words, we’re acting like we are brain dead. So report Simon Black, Ian Parry, Nate Vernon at the IMF. - Informed Comment

Oil demand is slowing, worldwide

Though too slowly. A lot more intervention - like bringing down the pathological greedheads at Big Oil - is needed. "Needed" and "will happen" are different things.

In the coming years, the world’s (increasing) demand for oil is predicted to decline and almost come to a halt by 2028. A new report from the International Energy Agency confirmed that high prices and security of supply concerns caused by the global energy crisis is shifting the world towards renewable energy faster.

The report titled, Oil 2023, forecasts “global oil demand will rise by 6 percent between 2022 and 2028 to reach 105.7 million barrels per day (mb/d),” but despite this cumulative increase, “annual demand growth is expected to shrivel from 2.4 mb/d this year to just 0.4 mb/d in 2028, putting a peak in demand in sight,” a press release from International Energy Agency (IEA) said. - Nation of Change

Big Oil should be paying big, big reparations

Not just because of their vile behavior. Anything that might help drive Big Filthy Fossil Fuels into the ground, and make way for a government takeover and subsequent rapid phaseout, would be great. I'm well aware that widespread support has yet to be generated for that approach.

The world’s top fossil fuel companies owe at least $209 billion in annual climate reparations to compensate communities most damaged by their polluting business and decades of lies, a new study calculates.

BP, Shell, ExxonMobil, Total, Saudi Arabia’s state oil company and Chevron are among the largest 21 polluters responsible for $5.4 trillion in drought, wildfires, sea level rise, and melting glaciers among other climate catastrophes expected between 2025 and 2050, according to groundbreaking analysis published in the journal One Earth. - Mother Jones

One successful method with which Big Oil drives the "narrative"

It would be a lot harder without corporate media's ready and cheerful (if degraded) compliance.

This practice became the namesake of one of the best-known types of fallacies, the red herring fallacy. As a philosophy professor, this is how I explain the fallacy to my students: If the argument is not going your opponent's way, a common strategy — though a fallacious and dishonorable one — is to divert attention from the real issue by raising an issue that is only tangentially related to the first.

If our collective philosophical literacy were better, we might notice that this fallacy seems to be working spectacularly well for the fossil-fuel industry, the petrochemical industry, and a bunch of other bad actors who would like to throw us off the trail that would lead us fully to grasp their transgressions. We shouldn't keep falling for it. - Salon

Big Meat copies Big Oil propaganda techniques

And on the public dime, no less.

This technique of using statements that are technically true but omit crucial information and therefore are misleading, is called paltering — and it’s an old favorite of the fossil fuel industry.

In fact, it’s not the only tactic the (National Cattlemen's Beef Association) has borrowed from Big Oil. Increasingly, as NCBA and other agribusiness trade associations like the National Pork Producers Council (NPPC) and U.S. Farmers and Ranchers in Action try to convince the public that animal agriculture is sustainable, they are turning to the fossil fuel industry’s tried and true playbook for greenwashing.

Like fossil fuel trade associations, these agribusiness trade associations are financing and promoting the work of third-party academics; fomenting uncertainty and doubt in cases where the evidence is already clear enough to act upon; and using slick PR and ad campaigns to present the industry as part of the solution to climate change, rather than a contributor to it.

At the bottom of each of NCBA’s “Beefing Up Sustainability” ads is a logo with “Beef Checkoff” written on it. This logo marks the biggest difference between the fossil fuel industry’s PR machine and that of animal agriculture: The animal agriculture industry’s efforts to minimize their products’ climate impact are paid for from a pot of public funds to which all beef and pork farmers and ranchers are required to contribute. - DeSmog

Beating the crap out of Big Oil

The link is to an interview, which covers a lot of aspects of what it will take.

Since the United States is now the biggest oil and gas producer in the world, this uncertainty about the future market matters. If U.S. producers bet on having a strong export market even as the Inflation Reduction Act and the recent EPA guidance diminish domestic gasoline consumption, then they could be disappointed if other countries move away quickly from fossil fuels. In our research we show that, indeed, big importers in Europe, Asia, and the rest of the world have every incentive to quickly jettison fossil fuels. As my co-authors and I calculate in our research, producing energy from domestic renewable sources not only creates energy security, but today and in the future, often a cost advantage. That’s so because the money paid for imported fossil fuels goes abroad and depletes foreign currency reserves...

Between people, the biggest worry is that policies penalizing emission-intensive activities disproportionately hurt the poor. The “yellow vest” movement in France is pointed to as an example that interpersonal inequality even in rich countries would be exacerbated and made unbearable by carbon taxes. For instance, if you can’t afford to rent in a city and you move to the lower-rent countryside, you are more reliant on a greenhouse gas emitting car, and so would be harder hit by a tax. That was the case in France for many people. However, it is entirely feasible to design policies that make them less unequal or even progressive. For instance, if affordable electric transport was provided alongside taxes that increase fossil fuel prices, then it would be easier to switch by swapping your old car for a new electric one at a subsidized price + availability of charging infrastructure. And my colleague Jim Boyce has shown that when combined with progressive (i.e., income inequality-reducing) rebates financed by at least part of the money accruing to the government, carbon taxes or auctioned-off emissions permits can contribute to progressive redistribution. Key is that richer people will pay much more for consuming carbon in absolute terms, which is money that can be redistributed, it just amounts to a lower share of their income. Examples, such as the carbon tax in British Columbia, show that it can be done, and that people come to accept the carbon tax. - Truthout

How Big Oil plans to stay on top

I wouldn't describe our corporate overlords as generally intelligent, in meaningful ways. But they often do display remarkable cunning.

Democrats on the House Oversight Committee recently released internal fuel company documents providing an insider’s view of what they say is a multi-year effort by four leading fossil fuel firms to greenwash their public image. The documents show employees and executives discussing climate policies and pledges they knew would do more to protect their business model than secure a meaningful reduction in pollution.

At first glance, the committee’s accompanying report on the climate disinformation is a partisan project and somewhat unsurprising given the fossil fuel industry’s history of misleading the public. However, a closer look reveals that the largest oil and gas companies are leveraging the climate crisis to further entrench their domination of energy markets across the world. The documents raise thorny questions for climate-minded Democrats, who found that industry groups will support liberal climate priorities such as methane regulation if that keeps oil and gas relevant and protects profits in the long run. Oil companies also “resist and block” environmental rules for pollution control they don’t like, as one employee of BP America observed in a 2016 email to executives obtained by the committee. - Truthout

The shale oil "boom" has seen better days

A good example of how motivated reasoning and cognitive rigidity rule in big corporate America.

It appears that the U.S. fracking boom is ending far earlier than many industry experts and CEOs predicted. After an understandable dip in 2020 due to the pandemic, oil production still has not regained the record levels achieved in 2019, and predictions that the industry would set new records this year have not materialized, despite 2022’s high oil prices...

There’s a saying in the oil industry: “The rocks don’t lie.” It means that regardless of what is predicted, geology calls the shots on how much oil can be extracted.

Although rocks don’t lie, it is becoming increasingly evident that the shale oil industry greatly over-promised how much oil it could produce and knowingly relied on flawed models. These faulty models inflated the amount of oil production promised to investors by up to 30 percent. - DeSmog

Those "little" oil spills really add up

And there are a lot of them.

On (June 9), an oil spill into the St. Mary’s River at the Ontario, Canada-Michigan border halted boat traffic between Lake Superior and Lake Huron for about three hours. This spill is small, relative to the massive incidents that usually make the news. Spills of this scale rarely make headlines, and that’s a problem: Small events are the large majority of oil spills, and together they have a big impact.

5,300 gallons of oil originating from Algoma Steel fell into the river at around 10:30 am, according to a press release from the U.S. Coast Guard.

...Spills like this happen all the time. The overwhelming majority of oil spills don’t show up in headlines at all. There are thousands of instances of oil leaking, oozing, pouring, and, yes, spilling into U.S. waters every year...

Sure, the St. Mary’s River spill is no Deepwater Horizon. But maybe all these small(er) spills should be big(er) news. It’s difficult to find reliable and comprehensive data on smaller spills. As far as Gizmodo can tell, there is no centralized tracker that shows volumes for all oil spill incidents that occur in the United States. But NOAA does keep tabs on a lot of spills via its incident tracker, which covers “selected oil spills off US coastal waters and other incidents.”

So far, in 2022 alone, NOAA has recorded more than 50 recorded oil incidents. Of that 50, the 45+ below both the ITOPF and NOAA thresholds have cumulatively spilled a potential 234,220 gallons of oil into our waterways. - Earther

Someone in power is finally starting to get it, on gas prices

I blogged about this before, here. Things need to pick up, fast, on this front.

Exxon, Chevron, Shell, and BP, four of the largest petroleum companies, are raking in record profits. Meanwhile, prices at the pump have surpassed the (non-inflation adjusted) highs of 2008. If that dynamic seems fishy to you, you’re in good company. First, U.S. House Democrats and President Joe Biden raised concerns. Now, Letitia James, New York State’s attorney general, is officially suspicious, as well.

On (April 14), the attorney general’s office launched a statewide investigation into whether or not the gas industry is engaging in price gouging. In other words: Are companies artificially inflating the cost of fuel and taking advantage of consumers? And in other, other words: Are you getting more screwed over than usual? The probe was first announced in a CNN report; Gizmodo confirmed the news in a phone call with Halimah Elmariah, James’ deputy press secretary. - Gizmodo

Big Oil is bringing the greenwashing

This article covers a bunch of aspects of that. I found these paragraphs most notable.

Meanwhile, Hollub announced at her panel that Occidental doesn’t “expect to be an oil company in the next 15-20 years. We’ll be a carbon management company.”

What, exactly, does a “carbon management company” do? Based on Hollub’s answers, it seems the task involves mostly wrapping fossil fuels in a nicer-looking package. In January, Occidental completed its first shipment of what the company is calling “carbon-neutral oil,” which seems to be just normal oil that comes bundled with a bunch of carbon offsets for both the production and usage sides. Next, Occidental is apparently looking to start producing “net-zero oil,” which will be oil made with carbon capture and sequestration technologies attached to its production. (No fancy labels can do away with the fact that that oil, eventually, gets burned, and that downstream burning is the biggest source of emissions.)

The idea of simply stopping emissions at the source or even more wildly, sucking carbon out of the air, is the great white whale for oil companies who want, above all else, to keep producing their product while telling us they’re doing good and cutting emissions. Since emissions come from the production, transport, and burning of fossil fuels, there are two avenues the industry wants to deploy. The first is capturing carbon at the source of fossil fuel production, to either be stored permanently or used in a different way later. The other is a larger idea of simply removing carbon from the air more generally. Unfortunately, the former technology is tricky, expensive, and tough to implement; the latter has never been proven at scale. - Earther