Energy in Demand News, August 18, 2024

Expanding oil production certainly gets a lot of attention these days. In an energy newsletter by the Financial Times (behind a paywall) this week, the lead article was on a technology breakthrough by Chevron that could extend the production lifespan of the US Gulf of Mexico oil basin and “and potentially bring billions of additional barrels of oil and gas within reach of producers globally.” Chevron expects its Gulf of Mexico production to increase 50 % by 2026. Just what we need?

Note that the  “FT is a member of Business Declares, a network of more than 100 businesses that stand for urgent climate and ecological action and social justice.” Here is the link to its position on sustainability.

Then we have a news item in the Reuters newsletter Power Up reporting that “oil demand disappoints”. It goes on: “Global oil consumption is growing more slowly than anticipated at the start of the year as the rebound in the major economies runs out of momentum and consumer travel returns to normal after the post-pandemic boom.” Not all of us are disappointed by the lower demand – but perhaps by the reporting.

This week the Guardian reported that the Shell oil non-profit donated to anti-climate groups behind Project 2025. Project 2025 is billed as a policy “wish list” for the next Republican president that would vastly expand presidential powers and impose an ultra-conservative social vision on the US. The Shell USA Company Foundation provided $544,010 between 2013 and 2022 to organizations that broadly share an agenda of building conservative power.

In the context of COP29 in Azerbaijan in November, there is a global call to the UNFCCC to include cultural heritage, the arts and creative sectors in climate policy. From the Biosphere website, here are 5 reasons why Billie Eilish is a leader in the fight against climate change.

Are you up for a quiz? Check out the post on EnerWhizzThe quiz for August is now open. Be a winner!

In planning travel over the upcoming weeks, here is some useful news to help you along:

Richard Hofstadter (1916-1970), an American historian and public intellectual of the mid-20th century provides us with an important message to reflect upon this week: “It is a poor head that cannot find plausible reason for doing what the heart wants to do.”

EiD welcomes your views about this week’s selection of posts on the zero-carbon energy transition:

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