Saturday, January 28, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use
Oil Market News
  • Home
  • Marketdaily
  • Price
  • crudenow
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEChot
  • brend
  • ships
Oil Market News
Home Gas

Climate crisis: An invisible, odorless gas is pitting Texas against the Biden

9 months ago
in Gas
Climate crisis: An invisible, odorless gas is pitting Texas against the Biden
Share on FacebookShare on Twitter


More importantly, it also measures methane, which is 80 times more potent than carbon dioxide over the next 20 years. You know it better as natural gas. Heating and cooking are not the only methane culprits. Two-thirds of emissions come from belching cows, factory farms and rotting landfills. But as any Texan will tell you, it’s a lot easier to control gas coming out of the ground than gas coming out of cows.

Latest Oil News

Focus on Water & Wastewater Treatment, Oil & Gas, Chemicals & Petrochemicals,

Internet of Things-as-a-Service to Enable Improved Opportunities

January 27, 2023
Northern Oil and Gas jumps 7% on SmallCap 600 index inclusion … – Seeking Alpha

Northern Oil and Gas jumps 7% on SmallCap 600 index inclusion … – Seeking Alpha

January 26, 2023
Banks haven’t lost their appetite for fossil fuels just yet

Banks haven’t lost their appetite for fossil fuels just yet

January 25, 2023
The Single Oil Spill that Can Disrupt the Global Energy Supply – USC Viterbi

The Single Oil Spill that Can Disrupt the Global Energy Supply – USC Viterbi

January 24, 2023
The “greenhouse effect” was discovered before women could vote (by a suffragist, in fact) but in 2021, the indoor gardening metaphor doesn’t match the emergency. Instead, imagine a baby in a hot car. Carbon dioxide is like the steel and glass holding in the sun’s rays as they bounce through the windshield. Methane provides the equivalent of cranking up the heater inside the car; it works much faster but is easier to control in the long term. Planet Earth, of course, is the baby.
Without the tools of a methane hunter, you can’t see or smell natural gas but virtually all of Earth’s peer-reviewed scientists agree that for life on Earth to survive with any semblance of today, it must go the way of the dodo along with coal and oil. Climatologists at NASA and the National Oceanic and Atmospheric Administration tell us that deadly changes will only get worse until people stop using fuels that burn and leak.
But in Texas, methane is so plentiful and cheap, it escaped largely unseen and unmeasured until both the Environmental Defense Fund and oil producers started using tools like the Picarro spectrometer. Scientific Aviation, based in Boulder, Colorado, owns this one and will sniff the sky for all kinds of customers, but only the EDF makes the data public.
Mackenzie Smith, a senior scientist with Scientific Aviation, checks readings from the instruments that measure gases like methane in the atmosphere.
“What we found here in the Permian Basin is that operators are wasting enough gas to heat about 2 million homes a year,” says Kelsey Robinson, project manager for the EDF’s PermianMAP Project.
Sometimes the methane leaks from faulty equipment or the tens of thousands of orphaned wells. Sometimes, when there is no one to buy it, they just burn it in a practice called flaring. Former President Donald Trump tried to remove all regulations on methane, a move so extreme that even ExxonMobil opposed it. But until President Joe Biden’s Environmental Protection Agency can navigate the legal booby traps left by the Trump administration’s giveaways to methane leakers, it is up to oil and gas companies to fix a problem no one can see or smell.

“We found that the Permian Basin is emitting more than double any other oil and gas region in the United States,” Robinson said.

Banning all bans

Named after Earth’s biggest mass extinction event, the Permian Basin is so flat you’d swear you can see the curvature of Earth standing in the bed of a pickup. When oily, gassy, flammable proof of the Great Dying — the nickname given to the mass-extinction event that marked the end of the Permian geologic period — was found under the red dirt, Midland and Odessa grew into the vena cava of the state’s oil industry, the setting for “Friday Night Lights” and the perfect place for Texas Gov. Greg Abbott to fire the first shot in a methane civil war of 2021.
The Permian Basin, which covers most of West Texas, is flat, wide open and sits atop of a lot of oil.
“I’m in Midland to make clear that Texas is going to protect the oil and gas industry from any type of hostile attack launched from Washington, DC,” Abbott said, days after Biden signed his first round of executive orders aimed at a climate in crisis.

Then the Republican governor signed an executive order of his own, commanding every state agency to bring him every reason to sue and stop the Biden administration’s clean energy efforts. In calling out cities like San Francisco, where a movement to ban natural gas heaters and appliances from new construction is growing, Abbott vowed to ban all bans.

“In Texas, we will not let cities use political correctness to dictate what energy source you use,” he said. “So I am supporting legislation that prohibits cities and counties from banning natural gas appliances.”

But as a sign of the changing times, Abbott’s fierce opposition to the Paris Accord puts him at odds with the statements and soundbites of Big Oil’s biggest lobbyist.

“We think the threat of climate change is very real,” Mike Sommers, CEO of the American Petroleum Institute (API), told CNN. “We support both industry actions and actions by the federal government in the United States and around the globe to address this very important issue that we know is existential in nature.”

But as more European energy companies embrace a green transition, France’s Total became the first oil giant to tear up its API membership, citing differences over a carbon tax, electric car subsidies and … methane. In October, the French government stepped in to block a $7 billion deal, deciding that liquified natural gas from Texas is too dirty for their standards.

A call for more pipelines

As for Biden being an existential threat to oil and gas, Sommers seems less worried and argues that there is no need to transition them to geothermal, solar or wind because the world will demand fuels that burn and leak for generations.

“This industry provides about 60% of the world’s energy today,” he said. “And the trend there is going to be a transition in energy. But I’m also confident that this industry is going to be around for a long time.”

Signs of old and new power: an oil pumpjack sits among wind turbines outside of Odessa, Texas.

To fix the methane problem, he argues that if America only had more pipelines, industry wouldn’t have to needlessly burn so much natural gas.

“I think the biggest challenge that we have from an emissions perspective, honestly, is getting our infrastructure right,” Sommers said. “We need to make sure that we have pipelines in place to get these products to market as quickly as possible. And what that means is we need a regulatory structure that allows these pipelines to be built.”

Kelsey Robinson of the EDF has a simpler idea. “Reducing methane emissions is actually a job creator in and of itself because we need people to go out to survey these sites and then take steps to fix those leaks.”

“It doesn’t make sense to burn it,” said Texas state geologist Scott Tinker as we stroll the elaborate rock garden map of Texas outside his office. “They don’t have the gathering systems to collect it. So rather than leaking the methane, they burn it and leak CO2. CO2 is better as a product than methane if you’re going to put something into the atmosphere. But it’d be much better to gather it.”

Scott Tinker, state geologist of Texas, agrees it would be better to gather the methane but says progress can be slow.

After the 2008 recession, Tinker says the fracking boom caught West Texas by surprise. Years of oil field decline saw a renaissance when the new method of injecting water into shale doubled oil production and created gushers of invisible methane with no way to catch it.

“The conversation is shifting,” Tinker says, after public and stockholder pressure. “It’s happening, but it’s slow, takes a lot of money, takes approval for the pipelines. It takes an industry and a regulatory system that caused that to happen in the first place.”

Sommers insists that his API members are taking the problem seriously, with 70% of onshore producers joining the Environmental Partnership, which is all about reducing methane emissions within the oil and gas industry, he said.

“It brings together producers, large and small, to share technology and to share best practices on how to reduce methane emissions,” he said. “And it’s working.”

Checking in from space

But far beyond the methane problem, the only way to save both life on Earth and the fossil fuel industry is to rabidly develop carbon capture and storage technology on a mind-boggling scale. This would require sophisticated, expensive methane catchers to be built around the smokestacks of every petrochemical works, power plant and steel mill in the world.

Hopes for such a miracle fix took a major setback this week, when the Petra Nova plant outside of Houston shut down indefinitely. Backed by a $190 million grant from the Department of Energy, the four-year plant set out to capture 90% of the carbon dioxide pumping out of a 240-megawatt, coal-fired power plant. It was the only major carbon-capture project in the U.S. after a $7.5 billion project in Mississippi was shuttered before ever going online.

Exxon Mobil says they are working on 20 new carbon capture projects around the world, including one in Texas, as part of a new $3 billion investment in a business they call ExxonMobil Low Carbon Solutions.

This plane operated by Scientific Aviation is equipped with technology to measure climate-changing gases like methane.

But Robinson and her flying methane hunters have heard promises before. Without enforceable regulations for producers big and small, she says profit motive almost always wins.

“ExxonMobil and some of the other big producers have set some pretty lofty goals for how they want to keep their emissions,” Robinson said. “But we found that here in the Permian Basin, the methane leak rate is over 10 times higher than what a lot of companies have set out to do.”

In the meantime, she says she’ll keep her little team flying, sniffing and measuring methane while the airplane will soon have some high-altitude backup. After a $100 million grant from Amazon CEO Jeff Bezos’ Earth Fund, the EDF will soon launch their own methane-hunting satellite.



www.cnn.com

Tags: BidenclimateClimate crisis: An invisiblecrisisGasinvisibleodorlessodorless gas is pitting Texas against the Biden administration - CNNpittingTexasUS
Previous Post

If gas prices jump at the pump, thank Trump and other politicians | Opinion

Next Post

Northern Territory throws cash at oil and gas industry

Related Posts

Focus on Water & Wastewater Treatment, Oil & Gas, Chemicals & Petrochemicals,

Internet of Things-as-a-Service to Enable Improved Opportunities

by Oil Market News
January 27, 2023
0

DUBLIN, Jan. 27, 2023 /PRNewswire/ -- The "Global Process Gas Reciprocating and Centrifugal Compressor Services Market in the Oil and...

Northern Oil and Gas jumps 7% on SmallCap 600 index inclusion … – Seeking Alpha

Northern Oil and Gas jumps 7% on SmallCap 600 index inclusion … – Seeking Alpha

by Oil Market News
January 26, 2023
0

Northern Oil and Gas jumps 7% on SmallCap 600 index inclusion ... Seeking Alpha news.google.com

Banks haven’t lost their appetite for fossil fuels just yet

Banks haven’t lost their appetite for fossil fuels just yet

by Oil Market News
January 25, 2023
0

Oil Price Following the signing of the Paris Agreement by 193 states and the EU and after the COP27 climate...

The Single Oil Spill that Can Disrupt the Global Energy Supply – USC Viterbi

The Single Oil Spill that Can Disrupt the Global Energy Supply – USC Viterbi

by Oil Market News
January 24, 2023
0

LNG Oil tanker supplying liquefied gas to the Lng terminal Over the last year, the world’s energy market has been...

Carbon capture talks being blocked by tensions between Ottawa, Alberta: oil group

Carbon capture talks being blocked by tensions between Ottawa, Alberta: oil group

by Oil Market News
January 23, 2023
0

The chief executive of Cenovus Energy Inc on Monday said friction between the federal and Alberta governments was making it...

Beetaloo gas fracking could start soon, despite NT government delay in implementing

Beetaloo gas fracking could start soon, despite NT government delay in implementing

by Oil Market News
January 22, 2023
0

The gas industry's peak body says licences to begin fracking in the Northern Territory could be issued in a month,...

Next Post
Northern Territory throws cash at oil and gas industry

Northern Territory throws cash at oil and gas industry

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trend Oil News

Crude Oil Shielded From Bond and Stock Market Rout

OPEC’s Barkindo says common objective with non-OPEC partners is market stability

7 months ago
MIDAS SHARE TIPS: As energy giants cash in, should you too?

MIDAS SHARE TIPS: As energy giants cash in, should you too?

8 months ago
Viking Line : Climate-smart Viking Glory is also a flagship for sustainability

U.S. oil & gas rig count falls to lowest since late July – Baker Hughes

5 months ago
Can the pound maintain its rally despite the hit from lockdown?

Can the pound maintain its rally despite the hit from lockdown?

9 months ago
DOE Announces Contract Awards for Sale of Crude Oil from the Strategic Petroleum

DOE Announces Contract Awards for Sale of Crude Oil from the Strategic Petroleum

9 months ago
ADVERTISEMENT
Bob Simpson’s TXO Energy goes public, soars 10% on first trading day

Bob Simpson’s TXO Energy goes public, soars 10% on first trading day

January 27, 2023

Internet of Things-as-a-Service to Enable Improved Opportunities

January 27, 2023

U.S. lawmakers ask Kerry to urge UAE to replace oil boss as COP28 president By

January 27, 2023

White House blasts Big Oil stock buybacks again as Chevron profits double

January 27, 2023

OPEC to Stay the Course on Oil Production Agreement; China’s Reopening Bullish for

January 27, 2023

Trinity To Spud Jacobin Well In Second Quarter Of 2023

January 27, 2023

Crude Oil

German Crude Oil Imports Rose 11% in 2022 As Crude Import Bill Doubles

German Crude Oil Imports Rose 11% in 2022 As Crude Import Bill Doubles

January 27, 2023
Europe Is Diversifying Its Diesel Sources Ahead Of Ban On Russian Fuel

Europe Is Diversifying Its Diesel Sources Ahead Of Ban On Russian Fuel

January 26, 2023
Opinion | Should the Strategic Petroleum Reserve Be Used Now?

Opinion | Should the Strategic Petroleum Reserve Be Used Now?

January 25, 2023
Rising Crude, Oil Products Inventories Weigh On Oil Prices

Rising Crude, Oil Products Inventories Weigh On Oil Prices

January 24, 2023

Investing

U.S. lawmakers ask Kerry to urge UAE to replace oil boss as COP28 president By

U.S. lawmakers ask Kerry to urge UAE to replace oil boss as COP28 president By

January 27, 2023
ESG Investing Fight Is Heating up in Kentucky and Could Cost Taxpayers

ESG Investing Fight Is Heating up in Kentucky and Could Cost Taxpayers

January 26, 2023
Chevron goes big with new $75 billion buyback, surpassing Exxon’s By Investing.com

Chevron goes big with new $75 billion buyback, surpassing Exxon’s By Investing.com

January 25, 2023
Oil falls $2/barrel on economic jitters, U.S. crude stock build By Reuters

Oil falls $2/barrel on economic jitters, U.S. crude stock build By Reuters

January 24, 2023

Market

Chevron profits slip as oil and gas prices fall

Chevron profits slip as oil and gas prices fall

January 27, 2023
Big Oil’s cash bonanza | Financial Times

Big Oil’s cash bonanza | Financial Times

January 26, 2023
NYC pension schemes test support for climate action at bank meetings

NYC pension schemes test support for climate action at bank meetings

January 25, 2023
Oilfield services groups cheer ‘structural upcycle’ after highly profitable year

Oilfield services groups cheer ‘structural upcycle’ after highly profitable year

January 24, 2023

OPEC

OPEC to Stay the Course on Oil Production Agreement; China’s Reopening Bullish for

OPEC to Stay the Course on Oil Production Agreement; China’s Reopening Bullish for

January 27, 2023
Biden vowed to punish Saudis over OPEC cut. That’s no longer the plan

Biden vowed to punish Saudis over OPEC cut. That’s no longer the plan

January 26, 2023
Oil Steadies as Traders Look to China, OPEC for Fresh Triggers

Oil Steadies as Traders Look to China, OPEC for Fresh Triggers

January 25, 2023
FG tasks 2023 OPEC’s President on attracting investments in oil

FG tasks 2023 OPEC’s President on attracting investments in oil

January 24, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use

© 2022 OilMarket.News

No Result
View All Result
  • Home
  • Market
  • Price
  • crude
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEC
  • brend
  • ships

© 2022 OilMarket.News

wpDiscuz
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.