Code Red For Humanity

Posted: August 13, 2021
Category: News Pulse

RP Weekly Recap | August 9 – 13


On Monday, the Intergovernmental Panel on Climate Change (IPCC), an official UN task force, released a 3,949-page report that called current climate change trends a “code red for humanity.” Scientists noted that it is unequivocal that human influence has warmed the atmosphere, ocean, and land; finding that human activity has increased the global average temperature by about 2 degrees Fahrenheit since the Industrial Revolution of the 19th century. While UN Secretary-general Antonio Guterres noted this report must sound a death knell for coal and fossil fuels before they destroy our planet, there is a little hope. Since the IPCC’s last big report in 2013, countries have done a better job in curbing carbon emissions, but they need to speed up those cuts dramatically, or it will be nearly impossible to keep global temps from spiraling higher. Check out this story and more in this week’s recap of all things happening in oil and gas!

COVID-19 Updates

COVID-19 Statistics

  • Number of Cases (Worldwide): 205,794,505 (up from 201,172,398 last week)
  • Number of Cases (USA): 36,341,661 (up from 35,453,516 last week)
  • Statistics courtesy of Johns Hopkins

Financial & Economic Updates

U.S. Oil Market News

Global Market News

Employment Updates

United States Rig Count

  • UP 9 from last week for a total of 500
  • Up 104.9% from one year ago
  • Statistics courtesy of Baker Hughes


Content UpdatesNews PulsePodcast

  • Our latest Periodical highlights the fact that the number of drilled but uncompleted wells, or DUCs, has risen dramatically from 2017 until 2020. From the middle of 2020 until now, the DUC inventory has been decreasing rapidly as operators reduced drilling programs and focused on completing existing DUCs.

  • RARE PETRO is the tik talk of the town! Short-form content to educate both the public or industry professionals is available NOW! Check out our latest Tik Tok Video covering how the Olympic torch works.

  • Grab a drink and join us for our newest segment, Thirsty Thursday: An Inventory Report to see if we’ve been poured another tall glass of crude and whether or not the U.S. was thirsty enough to suck down another round. 

  • If you’ve ever read the news you’ve surely seen the controversy surrounding our industrial circulatory system: pipelines. When was the first pipeline built? Are pipelines safe? Is there a better transportation method than pipelines? Find out in episode six of Hydrocarbon History!

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