Shell Oil Co. had to postpone its Arctic drilling until 2014 after one of its oil rigs ran aground off the Alaska coast this winter, but Shell’s efforts to open a new frontier of oil exploration in the Arctic Ocean continue in Puget Sound.
The oil giant passed a key test with federal regulators in March in the waters off Anacortes, Wash., north of Seattle.
While policymakers debate the government’s budget, the Brookings Institute, a private nonprofit research organization, decided to host their own brainstorming session. They asked experts from all different fields to submit ideas for responsible deficit reduction.
One expert, Harvard professor Joseph Aldy, drafted a proposal eliminating oil and gas tax subsidies. A move Aldy estimates would save the US government $41 billion over 10 years.
Originally published on Thu January 31, 2013 7:19 pm
ABERDEEN, Wash. – The Northwest is on the verge of becoming a gateway for crude oil. Three different developers have plans to use docks on Grays Harbor, Washington to transfer crude oil from trains to ships. Other projects are getting off the ground in Tacoma, Vancouver, B.C. and on the lower Columbia River.
There was a huge turnout Wednesday night at an introductory public workshop in Aberdeen, Washington. The response indicates crude-by-rail may be the region’s next big environmental controversy.
Energy expert Amory Lovins says the United States can replace all oil and coal by the year 2050, without nuclear power, new federal taxes or subsidies, or new inventions. At the same time, we can grow the US economy by 158 percent.
Jeff Rubin was a high-flying economist at a major Canadian investment bank, until he decided to write a book about how high oil prices were going to flatten the global economy. Ross Reynolds talks Jeff Rubin about the steadily mounting demand for cheap oil in a world of dwindling supply.
As regulators in the region weigh the potential impacts of trains full of coal moving along the Columbia River and the shores of Puget Sound, trainloads of oil are quietly on the move. There are billions of barrels of oil in the Bakken shale formation – located in North Dakota and Montana mainly. And some of that oil is now making its way to refineries in Puget Sound.