Tar sands – May 19
-China, not U.S., will be tar sands’ market
-Tar Sands in Your Tank – report by Greenpeace UK
-Financial Hazards Seen in Oil Sands
-Investors reject Royal Dutch Shell oil sands review
-China, not U.S., will be tar sands’ market
-Tar Sands in Your Tank – report by Greenpeace UK
-Financial Hazards Seen in Oil Sands
-Investors reject Royal Dutch Shell oil sands review
Yes, the oil spewing up from the floor of the Gulf of Mexico in staggering quantities could prove one of the great ecological disasters of human history. Think of it, though, as just the prelude to the Age of Tough Oil, a time of ever increasing reliance on problematic, hard-to-reach energy sources. Make no mistake: we’re entering the danger zone. And brace yourself, the fate of the planet could be at stake.
Recommendations stemming from the recently announced independent Presidential Commission on the tragedy will likely have much influence on the course of deepwater drilling and thus the availability of oil in the future. Should the Commission conclude that much tougher regulation is necessary, it is difficult to see how the oil industry, even with its considerable clout in the Congress, can resist the calls for reform. Oil might just become far scarcer and more expensive five years from now than most of us think.
Hayward is apparently completely unaware of the growing realization by everybody else that his monomaniacal quest for cost-cutting, corner-cutting, and profits was the proximate cause of this disaster, which, it must be pointed out, killed 11 people.
We still don’t have the faintest idea how much oil is spewing out of the well in the Gulf. Nor do we have the faintest idea what the full environmental consequence of what may well be the biggest single-event human-caused. ecological disaster of all time (the very fact that I have to add the word “single-event” to that statement should tell you something). We know that it is almost certainly more than all the low estimates to date, and we know that the ecological consequences will be huge, lasting and we do not understand them.
British Petroleum (BP) portrayed itself this past decade as an oil company investing in renewable sources of clean energy for a “Beyond Petroleum” future. BP had many people convinced that it was a very different kind of oil company, but the catastrophic spill this spring in the Gulf of Mexico is shedding light on the true nature of this transnational corporation.
A weekly roundup of peak oil news, including:
-Production and prices
-the Deepwater horizon
-Venezuela
-Quote of the week
-Briefs
-Energy stat of the week
This article concisely summarizes most of what has been discussed in Energy Bulletin over the past few months regarding Peak Oil. Reading all this news, I realized we are now actually facing The End of The World (As We Know It). I struggled for awhile with how to write about this. Despair is not the answer.
There was much to welcome in the new coalition’s energy policy. In particular, ODAC supports the commitment to a “huge increase” in anaerobic digestion; raise renewables targets; the “full establishment” of feed-in-tariffs while maintaining the existing banded ROCs to ensure continuity for big renewables investors; a shift of aviation duty from people to planes; scrap Heathrow’s third runway and block new ones at Stanstead and Gatwick.
-Relief wells
-Flow diversion: “top hat” and pipe insertion
-Top kill/junk shot
-New BOP
-Congressional hearing reveals “significant problems”
-Cementing
-DOE Still Disavows Peak Oil Forecast, Despite New Studies
-Oil industry spent big on Senate panel members
-US oil industry watchdog to be broken up
-Relief wells
-Containment dome/cofferdam
-“Top kill/junk shot”
-New BOP
-Congressional hearings
-Cementing
-Government oversight