" />
Building a world of
resilient communities.



ODAC Newsletter - July 9

Welcome to the ODAC Newsletter, a weekly roundup from the Oil Depletion Analysis Centre, the UK registered charity dedicated to raising awareness of peak oil.

Hopes rose this week that BP may be in a position to attempt to 'kill' the Macondo oil leak a couple of weeks ahead of its previously anticipated date. The first of two relief wells is now close to the target, and a top BP executive is reported to have told Wall Street Journal that, should weather conditions remain favourable, the well could be shut off by 27th July. With this optimistic, but by no means assured backdrop, Tony Hayward spent this week visiting Middle Eastern investors in an attempt to shore up BP against hostile takeover bids. The US administration in the meantime made an unsuccessful attempt on Thursday to challenge the ruling to lift its temporary ban on drilling. It is now likely to issue a revised moratorium.

Should BP successfully kill the well in the next weeks, it is highly likely that the next half of the year could see more legal challenges to recent rulings made in the wake of the disaster by the Obama administration. BPs financial liability will be huge — it is already running at £2bn — however attempts to restrict the company's freedom to divest its assets are likely to be challenged as soon as the company feels it is in a stronger position. President Obama will also continue to face political battles with regard to drilling restrictions and liability caps, so will need to seize the moment quickly to have any chance of capturing public sentiment to "seriously tackle our addiction to fossil fuels".

As yet, there has been little regulatory impact in other off-shore oil regions as a result of the disaster. European Energy Commissioner Guenther Oettinger this week however suggested a ban on new off-shore drilling until the causes of the disaster are known. While no ban is imminent, this does demonstrate that there is likely to be a tightening of regulation around deepwater drilling which extends outside of the US, with a knock on effect of higher costs and project delays.

View our Reports and Resources page


BP aims to fix leaking Gulf of Mexico oil well by 27 July

Back to top

US appeals court refuses stay on deepwater drilling

Back to top

US seeks advance notice of any BP sales

Back to top

Europe Weighs Deep-Water Drilling Ban

Back to top

Media, boaters could face criminal penalties by entering oil cleanup 'safety zone'

Back to top

BP oil spill costs pass $3 billion mark

Back to top

Saudi King Seeks Wise Oil Use, Not Output Ban, Banque Saudi Analyst Says

Back to top

Fuel hike sends Indians to the streets

Back to top

BP brushes off calls to keep away from ecologically risky areas

Back to top

Feds maintain fossil fuel incentives despite phase-out pledge

Back to top


Con-Ed Nerve Center Fights to Keep Lights On

Back to top

Low-carbon power spur for Liverpool

Back to top


Germany targets switch to 100% renewables for its electricity by 2050

Back to top

No link between wind turbines and health: report

Back to top

Obama hands $2bn to solar energy firms

Back to top


Offshore wind grants survive Osborne's axe

Back to top

UK overturns ban on councils selling green power to the grid

Back to top

Jump in North Sea drilling signals positive sentiment

Back to top


New report says energy efficiency measures have greatest impact

Back to top

Review of questioned IPCC report says conclusions 'well-founded'

Back to top


Solar-powered plane lands safely after 26-hour flight

Back to top

Electric cars must be taxed to pay for more power stations 'or National Grid could fail'

Back to top

£15m funding boost for 150 'green' buses

Back to top


IMF raises global economic growth forecast

Back to top

IMF cuts UK growth forecasts

Back to top

With the US trapped in depression, this really is starting to feel like 1932

Back to top

Editorial Notes: The Oil Depletion Analysis Centre (ODAC) is an independent, UK-registered educational charity working to raise international public awareness and promote better understanding of the world's oil-depletion problem.

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.


This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.

The Curse of the Modern Office

The information society promises to dematerialise society and make it more …

Howling at the USGS’s Wolfcamp Announcement

The recent USGS announcement about the Wolfcamp play may inspire another …

Transition in Ireland  

Ireland is one of the most advanced countries in energy transition, getting …

Trudeau’s Six Unanswered Questions on Kinder Morgan Expansion

In early November, the Trudeau government tabled a ministerial panel report …

Tiffany's Fallacy: the Mineral Pie is Shrinking, and Most of What's Left is in the Sky

In the debates that deal with energy and fossil fuels, it is rather common …

Peak Oil in a Fact-Free World: the New "Oil Bonanza" in West Texas

So, the USGS comes out with a press release that the media immediately …

Why the Office Needs a Typewriter Revolution

Artificial cooling and digital equipment are the main drivers behind the …