Today, the price of oil fell under $53 a barrel, the cheapest crude since the 2009 recession. Petroleum’s price plummet over the last six months (explained by Vox) means cheaper gasoline prices, a short-term win for cash-strapped American drivers but a potential setback for the climate. Heck, inexpensive gas has even summoned the climate-wrecking SUV from its too-shallow grave.
On the bright green side, a glut of bargain-basement oil could potentially slow production, especially at super-dirty sources like the Bakken shale oil of North Dakota. Such “unconventional petroleum” is expensive to extract and then refine. The longer oil prices remain low the harder it is for the fossil fuel industry to turn a profit on shale oil.
So, will 2015 be the year the U.S. fossil fuel industry finally hits the breaks on the shale boom?
Unfortunately, the U.S. Energy Information Administration doesn’t think so. Data through September 2014 show that oil production in North Dakota continued…
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By Chris Carrington – The Daily Sheeple
No injuries have so far been reported after a 5.1 earthquake hit the Northern Californian coast 70 miles west of Ferndale. According to the United States Geological Survey website, the quake struck at 0416 this morning Pacific time.
The largest earthquake to hit California was a 7.9 in 1887. According to the USGS:
This earthquake occurred on the San Andreas fault, which ruptured from near Parkfield (in the Cholame Valley) almost to Wrightwood (a distance of about 300 kilometers); horizontal displacement of as much as 9 meters was observed on the Carrizo Plain. It caused one fatality. A comparison of this shock to the San Francisco earthquake, which occurred on the San Andreas fault on April 18, 1906, shows that the fault break in 1906 was longer but that the maximum and average displacements in 1857 were larger.
California sits in an…
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