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Crude oil, avg, spot price chartCommodity price chart (units): U.S. dollars (USD-$) per barrelRecent price changes: Crude oil, avg, spot
Related news: Crude oil, avg, spot (02/09/2012) Drilling in the Arctic waters of the U.S. may become as contested an issue as the Keystone Pipeline XL in up-coming months. Scientists, congress members, and ordinary Americans have all come out in large numbers against the Obama Administration's leases for exploratory drilling in the Beaufort Sea and the Chuckchi Sea. Green groups: government moving too slowly on protecting Canada's Great Bear rainforest (02/08/2012) Three environmental groups have submitted a letter to British Columbia Premier, Christy Clark, to ask the government to speed up the process of implementing the Great Bear Rainforest Agreement, which is meant to ensure 70 percent of old-growth forest is maintained. Black Swans and bottom-up environmental action (02/08/2012) The defining events shaping the modern world - economic, social, environmental, progressive and disruptive - are frequently characterized as "Black Swans."The Black Swan term and theory were characterized by author and analyst Nassim Nicholas Taleb who explains, "What we call here a Black Swan (and capitalize it) is an event with the following three attributes. First, it is an outlier, as it lies outside the realm of regular expectations, because nothing in the past can convincingly point to its possibility. Second, it carries an extreme impact. Third, in spite of its outlier status, human nature makes us concoct explanations for its occurrence after the fact, making it explainable and predictable." Taleb identifies the emergence of the internet, the attacks of September 11, 2001, the popularity of Facebook, stock market crashes, the success of Harry Potter, and World War I as among Black Swan events. Kelly Blynn: activists not "letting the pressure off" on Keystone pipeline (02/06/2012) Along with Bill McKibben and a small cadre of passionate environmental activists, Kelly Blynn co-founded the climate activism group "350." 350 exemplifies the power of online networks combined with activism and has coordinated some of the largest and most successful environmental protests in history. The 350 team has organized more than 5,200 events in 181 countries around the world. Kelly graduated from Middlebury College with a degree in Geography and Environmental Studies and experience coordinating one of the largest university campus environmental activism groups in the United States. Blynn is currently situated in Washington, D.C. California sets tough new clean car standards (01/30/2012) The U.S. state that takes climate change most seriously—California—has unanimously approved new rules dubbed the Advanced Clean Cars program to lower carbon emissions, reduce oil dependence, mitigate health impacts from pollution, and save consumers money in the long-term. According to the new standards, by 2025 cars sold in California must cut greenhouse gas emissions by 34 percent and smog emissions by 75 percent. The program will also require 15.4 percent of all cars sold in California to be zero or near-zero emissions by 2025. Emissions from palm oil biodiesel highest of major biofuels, says EU (01/30/2012) Greenhouse gas emissions from palm oil-based biodiesel are the highest among major biofuels when the effects of deforestation and peatlands degradation are considered, according to calculations by the European Commission. The emissions estimates, which haven't been officially released, have important implications for the biofuels industry in Europe. U.S. media favored Keystone pipeline in coverage (01/26/2012) A new report by Media Matters finds that U.S. TV and print media were largely biased toward the construction of TransCanada's Keystone XL Pipeline, which the Obama administration recently turned down. The report finds that guests and quotes were largely in favor of the pipeline in addition to news outlets consistently repeating job figures for the pipeline that have been discredited. Obama rejects Keystone pipeline, but leaves door open for tar sands (01/18/2012) The Obama administration today announced it is scrapping TransCanada's Keystone pipeline after Republicans forced a 60-day deadline on the issue in a Congressional rider. The State Department advised against the pipeline arguing that the deadline did not give the department enough time to determine if the pipeline "served the national interest." The cancellation of the pipeline is a victory for environmental and social activists who fought the project for months, but Republicans are blasting the administration. Ecuador makes $116 million to not drill for oil in Amazon (01/02/2012) A possibly ground-breaking idea has been kept on life support after Ecuador revealed its Yasuni-ITT Initiative had raked in $116 million before the end of the year, breaking the $100 million mark that Ecuador said it needed to keep the program alive. Ecuador is proposing to not drill for an estimated 850 million barrels of oil in the Ishpingo-Tambococha-Tiputinin (ITT) blocs of Yasuni National Park if the international community pledges $3.6 billion to a United Nations Development Fund (UNDF), or about half of what the oil is currently worth. The Yasuni-ITT Initiative would preserve arguably the most biodiverse region on Earth from oil exploitation, safeguard indigenous populations, and keep an estimated 410 million tons of CO2 out of the atmosphere. However, the initiative is not without its detractors, some arguing the program is little more than blackmail; meanwhile proponents say it could prove an effective way to combat climate change, deforestation, and mass extinction. Top 10 Environmental Stories of 2011 (12/22/2011) Many of 2011's most dramatic stories on environmental issues came from people taking to the streets. With governments and corporations slow to tackle massive environmental problems, people have begun to assert themselves. Victories were seen on four continents: in Bolivia a draconian response to protestors embarrassed the government, causing them to drop plans to build a road through Tipnis, an indigenous Amazonian reserve; in Myanmar, a nation not known for bowing to public demands, large protests pushed the government to cancel a massive Chinese hydroelectric project; in Borneo a three-year struggle to stop the construction of a coal plant on the coast of the Coral Triangle ended in victory for activists; in Britain plans to privatize forests created such a public outcry that the government not only pulled back but also apologized; and in the U.S. civil disobedience and massive marches pressured the Obama Administration to delay a decision on the controversial Keystone XL pipeline, which would bring tar sands from Canada to a global market. Harsh words for Canada after it abandons Kyoto Protocol (12/13/2011) Less than two days after signing on to a "road map" agreement at the UN Climate Summit in Durban, South Africa, Canada has announced it is formally withdrawing from the Kyoto Protocol after failing to meet its emissions pledges. Although not surprising, reaction from other nations and environmental groups was not only swift, but harsh. Yasuni ITT: the virtues and vices of environmental innovation (12/07/2011) As the 17th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) is taking place in Durban, Ecuador has embarked on the development of a project presented as highly innovative. This project targets Yasuni National Park, which has been protected since 1979. Yasuni is home to several indigenous peoples and is a biodiversity hotspot. But it so happens that the park also sits atop a vast oil field of 846 million barrels, representing about 20 percent of the country’s oil reserves. The acronym Yasuni ITT stands for Ishpingo-Tambococha-Tiputinin, which are the names of three potential zones for oil extraction. Seismic trails cut by U.S. oil firm in Belizean national park used by illegal loggers (12/06/2011) In the Belizean rainforest two rangers look up and down a straight path hacked through the jungle and take GPS coordinates, the escorting soldiers lying back in the heat as the coordinates are delivered. These are noted and the patrol resumes, pausing to photograph protected comfra palms that have been cut and laid on the muddy ground, or stretches where the rainforest has been cleared far beyond the permitted width. We are in the Sarstoon-Temash National Park, nearly 42,000 acres of rainforest and red mangrove swamps in southern Belize adjacent to the Guatemalan border, and the park rangers are dealing with a new threat to the biodiversity of the reserve. Rather than searching for illegal loggers from Guatemala, this patrol is monitoring the activities of an American oil company. Africa, China call out Canada for climate betrayal (12/01/2011) Purchasing a full page ad in the Canadian paper the Globe and Mail, a group of African leaders and NGOs is calling on Canada to return to the fold on climate change. Canada has recently all-but-confirmed that after the ongoing 17th UN Summit on Climate Change in Durban, South Africa, it will withdraw entirely from the Kyoto Treaty. The country has missed its targets by a long-shot, in part due to the exploitation of its tar sands for oil, and is increasingly viewed at climate conferences as intractable and obstructive. In the eyes of those concerned about climate change, Canada has gone from hero to villain. Yet notable African activists, including Archbishop Desmond Tutu, are pushing back. IEA warns: five years to slash emissions or face dangerous climate change (11/13/2011) Not known for alarmism and sometimes criticized for being too optimistic, the International Energy Agency (IEA) has warned that without bold action in the next five years the world will lock itself into high-emissions energy sources that will push climate change beyond the 2 degrees Celsius considered relatively 'safe' by many scientists and officials. Obama Administration bows to pressure, delays tar sands pipeline (11/10/2011) In what can only be described as a major victory for green activists, the Obama Administration has announced it will delay a decision on TransCanada's controversial Keystone XL pipeline for 12-18 months. Notably, putting the decision off until after the last election. The delay comes less than a week after about 12,000 people encircled the White House in opposition to the Keystone XL pipeline, which they argue threatens one of the most important water supplies in America's heartland and will worsen climate change. 12,000 surround White House to protest tar sands pipeline (11/07/2011) One year to the day before the 2012 US election, up to 12,000 activists encircled the White House to protest the Keystone XL pipeline, a proposed 1,700 mile pipeline that would carry oil from Canada's infamous tar sands to the US and other foreign markets. Critics of the TransCanada pipeline have warned of potential spills in America's heartland as well as the climate impacts of allowing more tar sands oil, which has a higher carbon footprint than conventional sources, into the US and other markets. The issue has galvanized climate and environmental activists in the US with the massive rally on Sunday preceded by civil disobedience actions in late summer that lead to the arrests of 1,253 people. 11 challenges facing 7 billion super-consumers (10/31/2011) Perhaps the most disconcerting thing about Halloween this year is not the ghouls and goblins taking to the streets, but a baby born somewhere in the world. It's not the baby's or the parent's fault, of course, but this child will become a part of an artificial, but still important, milestone: according to the UN, the Earth's seventh billionth person will be born today. That's seven billion people who require, in the very least, freshwater, food, shelter, medicine, and education. In some parts of the world, they will also have a car, an iPod, a suburban house and yard, pets, computers, a lawn-mower, a microwave, and perhaps a swimming pool. Though rarely addressed directly in policy (and more often than not avoided in polite conversations), the issue of overpopulation is central to environmentally sustainability and human welfare. Peru's real test is a 200km pipeline (10/27/2011) One of Ollanta Humala's most striking achievements since becoming Peru's president three months ago is new legislation guaranteeing indigenous people the right to be consulted about and in agreement with any project that affects them. Leading indigenous organization AIDESEP, usually so critical of the government, cautiously welcomed the move, while Survival International called it 'a significant step away from the policies of former Peruvian president Alan Garcia, who vetoed a similar bill.' 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