Carbon Bubble News #116

Compiled by x344543 - IWW Environmental Unionism Caucus, August 10, 2016

A supplement to Eco Unionist News:

Lead Stories:

• Oil and natural gas production jobs in May were 26% lower than in October 2014 - By Robert McManmon, OilVoice, August 5, 2016
• Oil majors’ debt balloons as energy slump persists - By Bloomberg, FuelFix, August 5, 2016; [related]: How will industry respond after oil’s fall below $40? - By staff, FuelFix, August 3, 2016 | Oil prices flat after two-day rally - By Bloomberg, FuelFix, August 5, 2016 | ‘The days of $100 oil are gone.’ So what’s next? - By staff, FuelFix, August 2, 2016 | Oil rises after its dip below $40 a barrel - By Bloomberg, FuelFix, August 2, 2016 | Oil settles below $40 for the first time since April - By staff, FuelFix, August 2, 2016 | Growing oil glut shows investors there’s nowhere to go but down - By Bloomberg, FuelFix, August 1, 2016 | Oil prices continue to slide - By Bloomberg, FuelFix, August 1, 2016 | Oil settles above $40 a barrel after falling below threshold in intraday trading - By Bloomberg, FuelFix, August 1, 2016
• State of The Transition, July 2016: Might the fossil fuel industries implode faster than the clean energy industries can grow to replace them? - By Jeremy Leggett, Jeremy Leggett Blog, August 3, 2016
• Today’s Downturn Sets Markets Up For A Dramatic Oil Price Spike - By Nick Cunningham, OilPrice.Com, August 2, 2016
• Hydrocarbons and the Illusion of Sustainability - By Kent A. Klitgaard, Monthly Review, July-August 2016

Other Carbon Bubble News:

• Bankrupt coal company execs want huge bonuses — but can they clean up after themselves? - By staff, Western Priorities, August 5, 2016; [related]: Bankrupt coal miner Peabody proposes $11.9 million in executive bonuses - By Tracy Rucinski, Reuters, August 4, 2016
• Synergy Resources announces second quarter 2016 net loss of $153.8 million - By staff, OilVoice, August 5, 2016
• Chesapeake misses estimates as gas field writedowns mount - By Bloomberg, FuelFix, August 4, 2016
• Dynegy posts loss while preparing for Texas growth - By Jordan Blum, FuelFix, August 4, 2016
• More bad news for copper price - By Frik Els, Mining.Com, August 4, 2016
• W&T Offshore warns of potential bankruptcy after $121 million loss - By Jordan Blum, FuelFix, August 4, 2016
• Crude-by-rail volumes to the East Coast are declining - By Arup Mallik, OilVoice, August 3, 2016; [related]: Crude-oil train movements down 45% this year - By Andrew Maykuth, Philadelphia Inquirer, August 3, 2016
• Hunger strike pushes South Korea to defer coal plant plan - By Bob Burton, EndCoal, August 3, 2016
• Noble Energy sells record amount of oil — but not at a profit - By David Hunn, FuelFix, August 3, 2016
• Occidental swings to loss in 2nd quarter from year earlier - By David Hunn, FuelFix, August 3, 2016
• Solar Beats Out Coal In UK For 2nd Whole Month Ever - By Joshua S Hill, Clean Technica, August 3, 2016
• Coal Glut, Environmental Pushback Derail West Coast Port Plans - By Timothy Puko and Erica E. Phillips, Wall Street Journal, August 1, 2016
• LNG Investments At Serious Risk If China Succeeds On Shale - By Charles Kennedy, Network for Oil & Gas Accountability and Protection, August 1, 2016
• Wyoming’s ‘clean coal’ plans stir false hopes - By Sandy Buchanan, Last Best News, July 29, 2016
• Two Towns Battle Colorado for Freedom to Ban Fracking - By Kate Stringer, YES! Magazine, July 28, 2016
• US to speed oil, gas permits amid sharp drop in applications - By Matthew Brown, Associated Press, July 28, 2016
• Stuttgart pulls out of fossil fuels - By Melanie Mattauch, Fossil Free, July 20, 2016

Utility Death Spiral News:

• South Australia signalling the death of base-load generation - By Giles Parkinson, REnewEconomy, August 8, 2016; [related]: The solution to Australia’s gas crisis is not more gas - By Alan Pears, The Conversation, August 3, 2016
• Warren Buffett Wins: Elon Musk's Ballot Referendum Blocked by Nevada Supreme Court - By Climate Nexus, EcoWatch, August 5, 2016; [related]: Nevada Supreme Court Blocks Rooftop Solar Referendum - By Julia Pyper, Greentech Media, August 8, 2016 | Nevada Court Rejects Solar Power Ballot Initiative As ‘Inaccurate’ And ‘Misleading’ - By Samantha Page, Think Progress, August 5, 2016 | Nevada Supreme Court rejects net metering ballot proposal - By Krysti Shallenberger, Utility Dive, August 5, 2016 | Nevada Supreme Court rejects rooftop solar referendum - By Danielle Ola, PV-Tech, August 5, 2016 | Future of Nevada solar ballot petition unclear after state Supreme Court hearing - By Robert Walton, Utility Dive, August 1, 2016
• What happens when 1GW of coal capacity suddenly disappears - By Giles Parkinson, REnew Economy, August 4, 2016
• Big coal generators still fear renewables, despite gas boost - By Sophie Vorrath, REnew Economy, August 2, 2016
• Energy companies are dead already, they just haven’t realised it - By Leon Bateman, REnew Economy, August 2, 2016
• 5 Charts That Illustrate The Remarkable LED Lighting Revolution - By Joe Romm, Think Progress, August 2, 2016
• Have we massively underestimated the battery storage market? - By Nigel Morris, REnew Economy, August 2, 2016
• 'It's just wrong': Thousands in limbo as Louisiana's solar tax credits dwindle - By Jennifer Larino, Times-Picayune, August 2, 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.