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energy and fields

Can Oil Sands Pay Off at Just $50 a Barrel?

by Kevin Orland, August 24, 2017 in BloombergNews

Canada’s tar sands, which contain the planet’s third-largest oil reserves, were a prized possession for global energy companies when crude was trading above $100 a barrel. But since prices fell to $50 in 2015, where they have lingered, Royal Dutch Shell, ConocoPhillips, and Marathon Oil have unloaded their holdings amid concerns that these capital-intensive projects would struggle to turn a profit.

(…) In recent earnings announcements, Suncor and rival Cenovus Energy Inc. said they can now sustain production with oil at $40 a barrel without jeopardizing the dividend they pay shareholders.

climate-debate

Why ‘Hide The Decline’? There Has Been No Net NH Warming Since The 1940s

by Kenneth Richard, August 31, 2017 in NoTricksZone

In the press release for a newly published and controversial  peer-reviewed scientific paper, Australian scientist Dr. Jennifer Marohasy unveiled one of climate science’s better-kept secrets.

She and her colleagues are well aware that the post-1940s Northern Hemisphere (NH)  proxy evidence from tree-rings, bore holes, pollen, etc., consistently fails to affirm sharply rising temperatures from the late 20th century onwards.