Peak oil notes – July 1
A midweekly roundup of peak oil news, including:
-Prices and production
-Deepwater Horizon
A midweekly roundup of peak oil news, including:
-Prices and production
-Deepwater Horizon
-Exclusive: Was disregard for industry standards on BP rig worse than we thought?
-Deep Water Oil The Final Frontier
-Senate Panel Ends Liability Limits for Offshore Spills
At last report BP was making progress on the relief wells that are being drilled to plug the runaway well in the Gulf. The London Times reports that BP hopes to penetrate the casing of the leaking well and start pumping in well-sealing mud in about two weeks. Let’s hope something works.
The race is on: can we extract the last remnants of Western oil from such unlikely places as the ocean floor before the global economy picks up enough to test out the hypothesis that supplies have already peaked?
A U.S. federal judge has blocked the six-month moratorium on offshore oil drilling, just as more credence is being given to the notion that the Deepwater Horizon disaster has resulted in multiple leaks on the seafloor – due to well casing damage – making containment a munch lengthier process.
A midweek roundup of peak oil news, including:
-Prices and production
-Deepwater Horizon
When Big Oil breaks ranks, and one partner in a world-class deal accuses the other of gross negligence, you know that fear has overcome the industry. But fear of what? One presumes it’s the permanent loss of future — or even currently permitted — drilling rights in the Gulf of Mexico because of the disastrous oil spill, in addition to offshore deals around the world. After all, as I’ve written here before, the primacy of Big Oil rests on its claim to technological superiority.
Anna L. Peterson’s “Everyday Ethics and Social Change: The Education of Desire (EE) concedes that is it is our nature to hope, even “when nothing in our world indicates progress is possible” (Pg. 1). She’s not a Pollyanna, noting there are no “valid arguments to justify moral and political hope… This book is about the connection between ‘that which is hoped for’ in our everyday lives and the possibility of [bringing about] this good on a larger and more lasting scale”.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Deepwater Horizon
-Peak oil and the President’s speech
-Quote of the week
-Briefs
BP’s oil disaster is partly the result of approaches to risk which lead us to believe we know more than we do.
For some years — and long before the Gulf of Mexico spill — Big Oil has seemed to be in existential peril. These gargantuans have been starved of new resources and wrong-footed by state-owned oil companies like China’s Sinopec and Malaysia’s Petronas, which are also competing around the world for drilling rights. At stake has been not only Big Oil’s good health — after all, how many people really care whether Chevron or Shell thrive, apart from their shareholders? — but also the power of nations. It’s part of narrative of the rise of the East, and the decline of the West.
A midweek roundup of peak oil news, including:
-Prices and production
-Deepwater Horizon