Hacker News with Generative AI: Oil Industry

Will the oil industry's tax breaks skate by in the search for trillions in cuts? (grist.org)
With a $4.5 trillion fight over tax cuts looming, the oil and gas industry wants to protect billions of dollars in tax benefits it enjoys and get new ones, too.

Politics, Oil Industry, Tax Policy, Economics

6 points by rntn 4 days ago | 1 comments

Why Tech Companies Are Joining the GOP-Oil Alliance (newrepublic.com)
Tech billionaires’ days moonlighting as climate activists are behind them.

Politics, Business, Climate Change, Oil Industry

7 points by viburnum 48 days ago | 1 comments

Big oil pushed to kill bill that would have made them pay for wildfire disasters (theguardian.com)
In the year preceding the devastating Los Angeles county wildfires, big oil fiercely lobbied to kill a “polluter pay” bill that moved through the California senate and would have forced major fossil fuel companies to help cover the costs of climate disasters.

Climate Change, Environmental Issues, Oil Industry, Politics, California

6 points by croes 76 days ago | 1 comments

Peak Oil Demand, EVs, & the Future of Oil: A Cleantech Perspective (cleantechnica.com)
The good news: oil demand is cooling. The bad news: it’s not yet done growing. One can’t really claim oil demand is “falling” (yet), but growth has slowed down to its lowest level in over a decade, with 2024 being a pivotal year. Let’s look at the realities of oil demand and its future from a cleantech perspective!

Oil Industry, Cleantech, Renewable Energy, Energy Demand

3 points by toomuchtodo 134 days ago | 0 comments

Mind-Bending Soviet Era Oil Rig City on the Caspian Sea (cnn.com)

Soviet Era, Architecture, Oil Industry, Caspian Sea, History

306 points by rramadass 149 days ago | 92 comments

Big Oil Must Pay for Storm Damage (newsweek.com)
In 1989, Shell published an internal report analyzing two possible futures, one in which fossil fuels were brought under control and one in which they weren't. In the former, which they called the "sustainable world" scenario, greenhouse gas emissions began declining rapidly around the year 2000 and global warming was kept in check.

Climate Change, Environmentalism, Oil Industry, Corporate Responsibility

5 points by sunkcostisalie 175 days ago | 0 comments

Dark tanker crash exposes dangers of China's thirst for cheap oil (washingtonpost.com)

Oil Industry, China, Environmental Risks, Accidents, Transportation

7 points by merek 214 days ago | 0 comments

Before LA became Tinseltown, it was an oil town (noemamag.com)

History, Los Angeles, Oil Industry

57 points by ecliptik 247 days ago | 48 comments

Pennsylvania's oil industry dumped waste across the state (grist.org)

Pennsylvania, Oil Industry, Environmental Issues, Waste Management

7 points by downvotetruth 249 days ago | 1 comments

Saudi Aramco, world's largest oil company bets on the enduring power of petrol (ft.com)