Path To Paris

Posted: March 12, 2021
Category: News Pulse

RP Weekly Recap | March 8 – 12

Summary

A report released this past week by the Climate Action Tracker suggests the United States needs to reduce its national emissions by at least 57-63% below 2005 levels by 2030 and provide support to other countries in order to be consistent with the Paris Agreement 1.5°C limit. The report further suggests that President Biden’s actions in the transportation and building sector need to be as stringent as his policies for decarbonizing the U.S. power sector by 2035 if the emissions targets are to be reached. Luckily, the report spells good news for Summit Carbon Solutions $2 billion pipeline project currently in development that will carry carbon dioxide captured from ethanol refineries scattered across the Midwest to a site in North Dakota where it will be pumped thousands of feet underground. Check out these stories 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): 118,798,642 (up from 115,819,887 last week)
  • Number of Cases (USA): 29,297,405 (up from 28,833,212 last week)
  • Statistics courtesy of Johns Hopkins

Financial & Economic Updates

U.S. Oil Market News

Global Market News


Employment Updates


United States Rig Count

  • Down (-1) from last week for a total of 402
  • Down 49.2% from one year ago
  • Statistics courtesy of Baker Hughes

RARE PETRO Updates

Content UpdatesNews PulsePodcast

  • Episode 11 (Tackling the Data Monster Pt. 2) from our newest segment, the Modern Mobile Oilfield is available now! This series is a collaborative effort between world renowned author Geoffrey Cann and RP host Tavis Killian that will expand on topics covered in the book “Bits, Bytes, and Barrels”. This new segment is aimed at energy professionals at any level who are looking to better understand the future of a digital oilfield, and potentially implement these technologies into their company’s workflow. Be sure to watch or listen on all available platforms!

  • Episode Thirteen of The Industry Leader Spotlight Podcast is available now! Be sure to check out our interview with Founder and CEO at Rainmaker Global Business Development, Clark Grue!

  • A new episode of the Periodical Podcast is available now! Be sure to check out our discussion covering the Texas deep freeze and why Texans are facing power bills that in some cases could have bought them a new car.      

  • This week’s Periodical investigates the major winter storm that nearly destroyed the Texas power grid as producers were unable to keep up with surging demand. Since this is not the first time an arctic blast has plunged Texas into darkness, it has left many people wondering: why did this happen and could energy producers and regulators have done more to prepare for this cold spell?


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