Carbon Bubble News #115

Compiled by x344543 - IWW Environmental Unionism Caucus, August 2, 2016

A supplement to Eco Unionist News:

Lead Stories:

• The Price Rally Is Over: Capital Drives the Oil Market to Low Prices - By Art Berman, The Petroleum Truth Report, July 27, 2016
• Oil falls to three-month low - By Bloomberg, FuelFix, July 27, 2016; [related]: Oil Falls to Three-Month Low as Surplus Withstands Supply Drop - By Bloomberg, FuelFix, July 26, 2016
• The triple bust: Why oil, gas and coal faltered together - By Heather Richards, Casper Star Tribune, July 24, 2016
• Distress in the oil and gas industry: What happened to the price of oil? - By Debbie Young and Ben Davies, DLA Piper, July 22, 2016
• Oil Is Facing The Perfect Storm - By Cassandra Legacy, OilPrice.com, July 14, 2016

Other Carbon Bubble News:

• Chevron posts $1.5 billion loss in second quarter - By Bloomberg, FuelFix, July 29, 2016; [related]: Chevron reports second quarter loss of $1.5 billion - By staff, OilVoice, July 29, 2016
• Exxon profits plunge nearly 60 percent; lowest since 1999 - By David Hunn, FuelFix, July 29, 2016
• Phillips 66 2nd-quarter profit falls by 50 percent - By Jordan Blum, FuelFix, July 29, 2016
• Baker Hughes cut 3,000 jobs amid $911 million 2nd-quarter loss - By Jordan Blum, FuelFix, July 28, 2016
• ConocoPhillips loss widens as oil prices stay low - By David Hunn, FuelFix, July 28, 2016; [related]: ConocoPhillips reports second-quarter 2016 net loss of $1.1 billion - By Staff, OilVoice, July 28, 2016
• National Oilwell Varco swings to loss - By David Hunn, FuelFix, July 28, 2016
• Shell earnings plunge to 11-year low - By Bloomberg, FuelFix, July 28, 2016
• Alpha Sells Wyoming Mines To Newly-Formed Company - By Stephanie Joyce, Wyoming Public Media, July 27, 2016; [related]: Alpha emerges from bankruptcy - By Ken Ward Jr, Charleston Gazette-Mail, July 26, 2016
• Coal Dependent School Budgets In Crisis - By Ann Marie Awad, Inside Energy, July 27, 2016
• Life After Coal: One Miner’s Story - By Stephanie Joyce, Inside Energy, July 27, 2016
• Peabody Reaches Deal With Regulators On Outstanding Reclamation Obligations - By Stephanie Joyce, Inside Energy, July 27, 2016; [related]: Advocates gain some ground in Peabody self-bonding fight - By Kari Lydersen, Midwest Energy News, July 26, 2016
• Statoil swings to loss, slashes spending - By Bloomberg, FuelFix, July 27, 2016
• Tourism Could Save a Uintah Basin Town - By Aimee Cobabe, Utah Public Radio, July 27, 2016
• Weatherford loses $565M despite massive job cuts - By Jordan Blum, FuelFix, July 27, 2016
• Anadarko posts $700 million loss; and that’s an improvement - By David Hunn, FuelFix, July 26, 2016
• BP 2nd-quarter earnings fall 45 percent - By Brian Rausch, FuelFix, July 26, 2016
• Can Trump save coal and support natural gas? - By Ken Ward Jr, Charleston Gazette-Mail, July 26, 2016
• CONSOL sells last of West Virginia mines - By Ken Ward Jr, Charleston Gazette-Mail, July 26, 2016
• New Mexico governor may reconvene Legislature due to budget crunch - By Associated Press, KOB TV NBC 4, July 26, 2016; [related]: NM State Land Office reports 32 percent drop in revenues - By staff, MRT.Com, July 25, 2016
• Valero’s profits tumble 40 percent in 2nd quarter - By staff, FuelFix, July 26, 2016

Utility Death Spiral News:

• Mythbusting: Electricity prices in South Australia - By Andrew Stock, RenewEconomy, August 1, 2016; [related]: Today Tonight’s misleading report on renewables in South Australia - By Sophie Vorrath and Giles Parkinson, RenewEconomy, July 29, 2016; | Frydenberg says renewables not to blame for South Australia energy “crisis” - By Giles Parkinson, RenewEconomy, July 28, 2016 | Attack on renewables fatuous, misleading and ideological - By Giles Parkinson, RenewEconomy, July 27, 2016 | SA renewables frame-up covers for fossil fuels electricity prices heist - By Ben Courtice, Yes2Renewables, July 26, 2016
• Solar, wind, storage and big data: Why energy may soon be free - By Giles Parkinson, RenewEconomy, August 1, 2016
• Australia’s renewable energy policy is short sighted and creating problems - By Giles Parkinson, RenewEconomy, July 28, 2016
• Distributed Generation Is On The Verge Of Disrupting The Power Sector, Says Lux Research - By Joshua S Hill, Clean Technica, July 28, 2016
• Nevada Utility Continues Rooftop Solar War, Opposes Net Metering - By Climate Denier Roundup, EcoWatch, July 28, 2016
• Can Economics Guide the Energy Transition? [22] - Ed Crooks interviewed by Chris Nelder, The Energy Transition Show, July 27, 2016
• Solar Energy Consuming Coal’s UK Market Share - By James Ayre, Clean Technica, July 27, 2016
• When Solar & Wind Prices Are “Too Low” And Solar & Wind Power “Too Dominant” - By Zachary Shahan, Clean Technica, July 27, 2016
• Lawsuit Against FERC Alleges New Rules For Capacity Resources Put Undue Burden On Renewables - By James Ayre, Clean Technica, July 26, 2016
• LePage Proposes End to Solar Net Metering Program - By Fred Bever, Maine Public Broadcasting, July 25, 2016; [related]: Maine's governor proposes an end to net metering - By Peter Maloney, Utility Dive, July 27, 2016

For more green news, please visit our news feeds section on ecology.iww.org; Twitter #IWWEUC; Hashtags: #greenunionism #greensyndicalism #IWW. Please send suggested news items to include in this series to euc [at] iww.org.

Disclaimer: The views expressed here are not the official position of the IWW (or even the IWW’s EUC) and do not necessarily represent the views of anyone but the author’s.