The 525,000 barrel per day pipeline designed to transport diluted bitumen from Northern Alberta’s oil sands development projects to the Pacific Coast in Kitimat, British Columbia received federal government approval after the markets closed yesterday. There are many hurdles yet to negotiate before Enbridge – the pipeline company proposing the project – can reach a… Keep reading →
Northeast distillate inventories decreased by 19% in the past 3 weeks and are currently 50% below the 5-year average, according to the EIA. “Demand for heating oil has outpaced supply during January’s cold snaps, resulting in a drawdown of stocks… In addition to increased demand from consumers that regularly use oil heat, press reports indicate… Keep reading →
The operator of Japan’s Fukushima nuclear plant has warned that makeshift tanks – which are vulnerable to leaks – hold more than 200,000 tons of radioactive water. “The latest disclosures add to a long list of recent accidents, leaks and breakdowns that have underscored grave vulnerabilities at the Fukushima Daiichi nuclear power plant site more… Keep reading →
