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oil

This tag is associated with 4 posts

Low oil prices: A double-edged sword in the fight against ISIL/Da’esh

Written by Patryk Pawlak, Graphics by Christian Dietrich, Since its establishment in 2014, ISIL/Da’esh has become one of the most dangerous terrorist organisations in history, due to its ideological appeal, territorial expansion, and diverse sources of revenue, including from oil sales. As plunging oil prices reduce the ‘caliphate’s’ profits, they may also bear a negative … Continue reading

Russia’s Prirazlomnaya oil rig in the Arctic

Annual production from the Prirazlomnaya offshore oil field is estimated to amount to 6.6 million tonnes per year. Russia’s Arctic policy strongly supports further such developments, but environmental NGOs fear the result will be an ecological catastrophe from an oil spill. The European Parliament believes that increasing the use of natural resources must be done … Continue reading

Unconventional gas and oil in North America

The ‘shale revolution’ Over the past decade, the United States and Canada have experienced spectacular growth in the production of unconventional fossil fuels, notably shale gas and tight oil, thanks to technological innovations such as horizontal drilling and hydraulic fracturing (fracking). Economic impacts This new supply of energy has led to falling gas prices and … Continue reading

Mining in the EU: Regulation and the way forward

The EU mining industry may be part of the solution to Europe’s raw material shortage, but sustainability of mining is a key requirement if it is to be revived. Mining and quarrying activities vary widely in profitability, employment and geographical distribution. In addition to general industrial regulation, the EU has adopted some legislation specific to … Continue reading

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