Peak US Oil Production Looms as the Domestic Shale Boom Ends
By Justin Mikulka, DeSmog Blog
Finite resources are real constraints that no magical thinking or predicting by the industry can overcome.
Green Hydrogen’s Rapidly Falling Costs Undermine the Gas Industry’s Argument for Blue Hydrogen
By Justin Mikulka, DeSmog Blog
New research predicts that green hydrogen — a clean fuel produced from water using renewables — will be comparable in cost and likely cheaper than blue hydrogen by 2030.
The ‘Big Lie’ of Blue Hydrogen Starts With Ignoring Basic Economics
By Justin Mikulka, DeSmog Blog
As the oil and gas industry achieves success in pushing the world towards widespread adoption of methane-based blue hydrogen, some unexpected voices are calling out the industry on its deception of selling blue hydrogen as an affordable and clean source of energy.
Analysis: How Exxon Is Being Forced To Accept The Reality Of Bad Fossil Fuel Investments
By Justin Mikulka, DeSmog Blog
Last August, ExxonMobil warned that it may need to remove 20 percent of its oil and gas proved reserves from its books. While that was a shocking number from the oil major, reality proved to be even more of a shock to the company
With Bankruptcies Mounting, Faltering Oil and Gas Firms Are Leaving a Multi-billion Dollar Cleanup Bill to the Public
By Justin Mikulka, DeSmog Blog
Amid a record wave of bankruptcies, the U.S. oil and gas industry is on the verge of defaulting on billions of dollars in environmental cleanup obligations.
The US Oil and Gas Industry’s Methane Problem Is Catching up With It
By Justin Mikulka, DeSmog Blog
These days, methane emissions have become an industry black eye, to the point that major players are now clamoring for regulations after the Trump administration recently finalized the rollback of Obama-era rules meant to reduce methane leaks from oil and gas.
Big Banks Pull Financing, Prepare To Seize Assets From Collapsing Oil and Gas Industry
By Justin Mikulka, DeSmog Blog
The finances of the oil and gas industry are so dismal that the major banks that have funded the money-losing fracking boom are now exploring taking the unusual step of taking over the oil companies that cannot afford to pay back the banks' loans.
Is the U.S. Fracking Boom Based on Fraud?
By Justin Mikulka, DeSmog Blog
Is it misleading to laugh at your company's investors if you know the estimates you are giving them are inflated, but because you own the stock that benefits from those estimates, you do it anyway? Is that fraud? Perhaps that depends on if you get you get ethics lessons from Andrew Fastow and Jim Hackett.