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Posts Tagged ‘lease sales’

The Nord Stream sabotage likely released more methane than the complete lifecycle of a GoM lease sale (upstream and downstream). Also, the Nord Stream explosions may have released more methane than is emitted by all US offshore producers in an entire year. Here are the numbers:

Source of MethaneCH4 emissions (1000s of tons)
Nord Stream (probable range)100-400
Nord Stream (maximum)500
Nord Stream – first 48 hrs (CAMS est)175
all US offshore production in 2020 (EPA)193
all US on- and offshore exploration in 2020 (EPA)12
lifecycle upstream emissions from a typical GoM lease sale (BOEM)118
lifecycle up- and downstream emissions from a typical GoM sale (BOEM)151

Finally, remember that offshore oil and gas leasing results in a net reduction in GHG emissions.

The No Leasing scenario results in roughly double the CO2e emissions for upstream activities compared to those of the Leasing scenario, given that, collectively, the substitute energy sources have higher GHG emissions per unit of production (also known as “GHG intensity”) compared to the forgone domestically produced OCS oil and natural gas of the Leasing scenario.

BOEM

Even when mid- and downstream emissions are included, leasing is preferable to no leasing. See the table below from the BOEM report:

Bottom line: we need more energy leasing and less military aggression!

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