International Energy Agency Predicts Oil Demand Has Officially Peaked

International Energy Agency Predicts Oil Demand Has Officially Peaked

new report from the International Energy Agency (IEA) predicts that gasoline demand will never return to pre-pandemic levels. The IEA tracks EV industry growth as an indicator of future oil demand, and their five-year forecast says that an accelerating shift toward EVs and increasing fuel efficiency among gas-powered vehicles will outweigh demand growth from developing nations. 

Why This Matters: While there won’t necessarily be a lack of supply, the report states, the lack of demand may lead to a winding down of oil operations entirely.

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Cleaning Up Oil & Gas Wells Could Net $21 Billion in Benefits

Cleaning Up Oil & Gas Wells Could Net $21 Billion in Benefits

by Amy Lupica, ODP Staff Writer A new study published on Monday found that cleaning up the nation’s more than 2 million acres of oil and gas wells could result in billions of dollars of economic growth. Experts estimate that there are as many as 3.2 million gas and oil well sites no longer in use, and when companies leave or […]

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Texas Gas Companies are Pulling Strings in Local Green Energy Policy

Texas Gas Companies are Pulling Strings in Local Green Energy Policy

In the wake of one of the largest power losses in United States history, the conversation about green energy in Texas is back in the headlines. Emily Holden and two other investigative reporters collaborated on a story that ran in The Guardian, The Texas Observer, and San Antonio Report exposing how the Texas Gas Service was successful in significantly watering down a plan by the city of Austin to reduce the use of natural gas there in the future. 

Why This Matters: The oil industry has spent billions to manipulate the national conversation around green energy.

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“Petrostates” Risk Collapse if they Don’t Diversify, New Report Says

“Petrostates” Risk Collapse if they Don’t Diversify, New Report Says

A new report says that economic diversification will be crucial as governments across the world set ambitious climate action goals. Forty countries have economies dominated by the oil industry, and as demand for and use of oil is phased out in importing nations, these “petrostates” risk major economic challenges. 

Why This Matters: A “just transition” away from fossil fuel-dependent economies will be needed globally. 

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One Goopy Thing: Oil State Senators Vow to Block Haaland Nomination

One Goopy Thing: Oil State Senators Vow to Block Haaland Nomination

Representative Deb Haaland (D-NM) is President Biden’s nominee for Secretary of the Interior and if confirmed, she would become the first Indigenous person to serve in the cabinet. Haaland has been a steadfast champion of conservation and environmental justice in the House, from opposing mining in national forests to supporting the protection of 30% of […]

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Lessons on Kicking the Fossil Fuel Habit Straight From The Oil Patch

Lessons on Kicking the Fossil Fuel Habit Straight From The Oil Patch

Read this:  The New York Times last weekend published a personal account by Michael Patrick F. Smith of life in the boom and bust oil patch of North Dakota — and what it taught the author about how oil “connects us to each other” and “what we must sacrifice, and what we stand to gain by reducing our reliance on it.”

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