US oil industry

Methane, a potent greenhouse gas, is being released from landfills and oil and gas operations around the world in far larger amounts than governments realized, recent airborne and satellite surveys show. That’s a problem for the climate as well as human health. It’s also why the U.S. government has been tightening regulations on methane leaks and wasteful venting, most recently from oil and gas wells on public lands. The good news is that many of those leaks can be fixed – if they’re spotted quickly. Riley Duren, a research scientist at the University of Arizona and former NASA engineer and scientist, leads Carbon Mapper, a nonprofit that is planning a constellation of methane-monitoring satellites. Its first satellite, a partnership with NASA’s Jet Propulsion Laboratory and the Earth-imaging company Planet Labs, launches in 2024. Duren explained how new satellites are changing companies’ and governments’ ability to find and stop methan...

Fifty years ago, a secret deal among Arab governments triggered one of the most traumatic economic crises to afflict the United States and other big oil importers. Saudi King Faisal and other Arab leaders launched an oil embargo on Oct. 17, 1973, as payback for Washington siding with Israel in its war with neighboring Egypt and Syria. The oil market hostilities arose from a pact between Faisal and the leaders of Egypt and Syria, whose armies planned surprise drives to retake their territory under Israeli occupation. If the United States intervened to assist Israel, Faisal and other Arab producers agreed to retaliate with the “oil weapon.” When Washington airlifted in U.S. weapons that helped Israel thwart Arab gains, Faisal and OPEC’s Arab members retaliated. They increased oil prices, banned oil shipments to the United States and cut production by 5% per month. The ensuing economic and political carnage is legendary. The embargo catalyzed a long period of...