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Petrochemicals - US

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This working group focuses on issues surrounding the extraction, processing, and use of petrochemicals.

This working group focuses on issues surrounding the extraction, processing, and use of petrochemicals.

Members

mdmcdonald

Email address for group

petrochemicals-us@m.resiliencesystem.org

Prosecutors Let Utility Out Of Massive Fine In Deadly California Gas Explosion

A plane spreads fire retardent on the San Bruno fire.

Image: A plane spreads fire retardent on the San Bruno fire.

huffingtonpost.com - August 2nd 2016 - Michael McLaughlin

Federal prosecutors quietly filed court papers Tuesday that may save a utility company from paying $562 million in fines for a pipeline explosion that killed eight people in 2010.

The stunning move, as a jury in a criminal case against Pacific Gas & Electric deliberated for a fourth day, means the company now faces a maximum federal fine of $6 million, instead of $562 million, if it is convicted in one of the worst disasters of its kind in history. The jury is considering 13 criminal charges stemming from the blowout and fire that destroyed 38 homes in suburban San Bruno.

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Energy weighs on Wall St. but Costco shines

reuters.com - July 7th 2016 - Marcus E. Howard

The S&P 500 and Dow industrials slipped on Thursday, weighed by energy shares, but gains in Costco and tech shares lifted the Nasdaq Composite.

The energy sector of the S&P was dragged lower by Exxon and Chevron as oil futures prices fell nearly 5 percent after crude stockpiles fell slightly less than forecast.

High-yielding sectors also pulled the S&P lower even as yields on long-term U.S. government debt remained near record lows.

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Rural Pennsylvanians Say Fracking ‘Just Ruined Everything’

Jesse and Shirley Eakin stand by the water well they no longer use at their home in Avella, Pa. Delivered water is stored in the tank behind them.Image: Jesse and Shirley Eakin stand by the water well they no longer use at their home in Avella, Pa. Delivered water is stored in the tank behind them.

huffingtonpost.com - June 23rd 2016 - Maryam Jameel

Sixty years after his service in the Army, Jesse Eakin still completes his outfits with a pin that bears a lesson from the Korean War: Never Impossible.

That maxim has been tested by a low-grade but persistent threat far different than the kind Eakin encountered in Korea: well water that’s too dangerous to drink. It gives off a strange odor and bears a yellow tint. It carries sand that clogs faucets in the home Eakin shares with his wife, Shirley, here in southwestern Pennsylvania.

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Texas Facing Massive Well Cleanup Costs After Oil Bust

           

Pump jacks sit idle on a South Texas ranch near Bigfoot. Deserted drilling wells are the relics of every oil bust, and Texas is pitted with more than any other place in the U.S.  Eric Gay/AP

dallasnews.com - by Chris Siron - The Associated Press - by Paul J. Weber - June 19, 2016

The worst oil bust since the 1980s is putting Texas and other oil producing states on the hook for thousands of newly abandoned drilling sites at a time when they have little money to plug wells and seal off environmental hazards.

In Texas alone, the roughly $165 million price tag of plugging nearly 10,000 abandoned wells is double the entire budget of the agency that regulates the industry.

The state's regulators want taxpayers to cover more of the clean-up, supplementing industry payments.

As U.S. rig counts plunge to historic lows, and with at least 60 oil producers declaring bankruptcy since 2014, energy-producing states are confronting holes in their budgets and potentially leaking ones in the ground.

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Regulators Fear $1 Billion Coal Cleanup Bill

           

An idled West Virginia coal facility. Officials fear bankrupt coal companies are not setting aside enough to clean up Appalachia’s polluted rivers and mountains. Credit Luke Sharrett for The New York Times

nytimes.com - by Michael Corkery - June 6, 2016

Regulators are wrangling with bankrupt coal companies to set aside enough money to clean up Appalachia’s polluted rivers and mountains so that taxpayers are not stuck with the $1 billion bill.

The regulators worry that coal companies will use the bankruptcy courts to pay off their debts to banks and hedge funds, while leaving behind some of their environmental cleanup obligations.

The industry asserts that its cleanup plans — which include turning defunct mines back into countryside — are comprehensive and well funded. But some officials say those plans could prove unrealistic and falter as demand for coal remains weak.

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Climate Change Will Wipe $2.5tn Off Global Financial Assets: Study

           

The economic impact of climate change could play havoc with the world economy, according to an LSE study. Photograph: Carlo Allegri/Reuters

CLICK HERE - STUDY - ‘Climate value at risk’ of global financial assets

Losses could soar to $24tn and wreck the global economy in worst case scenario, first economic modelling estimate suggests

theguardian.com - by Damian Carrington - April 4, 2016

Climate change could cut the value of the world’s financial assets by $2.5tn (£1.7tn), according to the first estimate from economic modelling.

In the worst case scenarios, often used by regulators to check the financial health of companies and economies, the losses could soar to $24tn, or 17% of the world’s assets, and wreck the global economy.

The research also showed the financial sense in taking action to keep climate change under the 2C danger limit agreed by the world’s nations. In this scenario, the value of financial assets would fall by $315bn less, even when the costs of cutting emissions are included.

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27,000 Abandoned Oil and Gas Wells in Gulf of Mexico Ignored by Government, Industry

An older nearshore wellhead is shown off the coast of California in this undated photo. In state waters, California has resealed scores of its abandoned wells since the 1980s, but in federal waters, the official policy is out-of-sight, out-of-mind. Neither industry nor government checks for leaks at the more than 27,000 oil and gas wells abandoned in the Gulf of Mexico since the late 1940s. Abandoned wells are known sometimes to fail both on land and offshore. It happens so often that a technical term has been coined for the repair job: "re-abandonment."  Photo: California State Lands Commission / The Associated Press

nola.com - Associated Press - July 7, 2010

More than 27,000 abandoned oil and gas wells lurk in the hard rock beneath the Gulf of Mexico, an environmental minefield that has been ignored for decades. No one -- not industry, not government -- is checking to see if they are leaking, an Associated Press investigation shows.

The oldest of these wells were abandoned in the late 1940s, raising the prospect that many deteriorating sealing jobs are already failing.

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Transparency an Issue in Texas Flooding Consequences

           

Photo: El Paso Times - (CLICK HERE to view additional photos)

texashillcountry.com - by Spring Sault - May 30, 2016

The existence of a number of aerial photos showing flood-related oil spills on a state-run website was revealed in an El Paso Times story by Marty Schladen last month, followed shortly by state officials ordering the photos removed from the website operated by the University of Texas at Austin.

Until the Times’ story was published, the photos weren’t common knowledge to the public and identified possible environmental damage caused by flooding in oil drilling areas, including fracking sites. . . .

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Texas Flooding Overflows Oil Wells, Fracking Sites

           

Photo: El Paso Times - (CLICK HERE to view additional photos)

texashillcountry.com - by THC Staff - May 6, 2016

The recent Texas flooding has overwhelmed oil wells and fracking sites, overflowing crude oil and chemicals into rivers statewide.

With the onset of storms finally subsiding, state officials have begun to assess the entirety of the damage caused by the flooding that occurred across the state.

As KIII reported, “state emergency management officials have taken dozens of photographs that show sheens and plumes spreading from tipped tanks and flooded production sites” of the Sabine River flood on the Louisiana-Texas border.

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CLICK HERE - kiiitv.com - Flooding Flushes Oil, Chemicals into Texas Rivers

 

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A Chemical Reaction Revolutionized Farming 100 Years Ago. Now It Needs to Go

Anhydrous ammonia plant, ca. 1954. ROBERT W. KELLEY/TIME & LIFE PICTURES/GETTY IMAGES

Image: Anhydrous ammonia plant, ca. 1954. ROBERT W. KELLEY/TIME & LIFE PICTURES/GETTY IMAGES

wired.com - Sarah Zhang - May 16th 2016

Of all the elements that make up Earth’s atmosphere, nitrogen is by far the most abundant. It is also one of the most inert. Nothing happens when you breathe it in, swallow it, or let it suffuse your skin.

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