Energy

Early Winter Freeze Traps Ships in Arctic Ice, Highlighting Weak Safety Regime

by Malte Humpert
High North News

“Early season sea ice has stranded two dozen ships along Russia’s Northern Sea Route. The latest incident raises questions if the current rules of navigation are sufficient to ensure safety as more and more ships travel along the sea route,” according to High North News.

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Fracking powers North Dakota town Williston to fastest-growing micro area in America

by Tyler Olson
Fox Business

“‘For the last, let’s say, 12, 14 years, we’ve been in catch-up mode around here – a lot,’ Williston Mayor Howard Klug told FOX Business. ‘What do you do with all the sewage when you double the population and you don’t have any place to put it?’  The mayor’s rather unique concern was the result of one of the biggest economic booms of the past decade: fracking in North Dakota’s Bakken Formation,” according to Fox Business.

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Keystone XL Developer Seeks $15 Billion In Compensation

by Irina Slava
Oil Price

“Filed with an international arbitration panel, the request has sounded the starting gun on one of the biggest trade appeals against the United States, Bloomberg said in a report on the news, noting that the move was based on the North American Free Trade Agreement, which allows foreign companies to appeal policy decisions made by Washington,” according to Oil Price.

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IEA sees a potential reprieve for soaring oil prices as U.S. ramps up production

by Sam Meredith
CNBC

“‘Contrary to hopes expressed in Glasgow at COP26 this is not because demand is declining, but rather due to rising oil supplies.’  Demand for oil is also strengthening because of robust gasoline consumption and increasing international travel as more countries re-open their borders, the influential energy agency said,” according to CNBC.

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