Insight and inspiration in turbulent times.
The oil slick spreading across the Gulf of Mexico has shattered the notion that offshore drilling had become safe. A close look at the accident shows that lax federal oversight, complacency by BP and the other companies involved, and the complexities of drilling a mile deep all combined to create the perfect environmental storm.
-Crews dealt setback in placing containment dome in Gulf oil spill
-Oil production hit for decades after BP spill
-How big is the Deepwater Horizon oil spill?
-Tread carefully, Mr Obama. You need big oil
The news was dominated this week by the race against time to stem the flow of oil from the Transocean Deepwater rig disaster, and the potentially devastating ecological impact of the spill. BP’s mitigation effort has been painfully slow to watch, and once again placed a spotlight on the high risk world of deepwater oil extraction.
The explosion and destruction of the Horizon deepwater rig and the subsequent oil spill disaster are only the latest in a series of wake-up calls you’ve received. Are you listening now? Your first warning came in 1956, with the publication of M. King Hubbert’s model of US oil production, which correctly predicted its peak in 1970. When Hubbert updated his model on camera in 1976, he also nailed the peak of worldwide conventional oil production in 2005.
The drawing of parallels between industrial accidents is a dubious armchair sport, but here the parallels are just piling up and are becoming too hard to ignore.
-Groundhog Day for Oil
-Oil disaster may prove tipping point for world oil production
-Mother of all gushers could kill Earth’s oceans
-Peak Oil and the Return of the Jet Set
-Not So Fast: With Gas Prices Low, A Return To Oil
-Caution Required for Gulf Oil Spill Clean-Up, Bioremediation Expert Says
The Gulf of Mexico “spill” is really a man-made underwater volcano of oil. This accident taps a primeval fear in the human mind. Something dark and uncontrollable rushes out of the Earth, poisoning the global oceans. Could that really happen? Richard Heinberg, Anita Burke, Riki Ott, Antonia Juhasz, and new song “Corporate Catastrophe”.
Get used to it, baby: if there were an easier available place to find new oil than a mile beneath the sea, they’d be drilling there. The accident in the Gulf of Mexico, however damaging it is already, however widely it may spread, is minor compared with what is happening, invisibly, above our heads. That’s the message of Bill McKibben’s new book, Eaarth, and what he’s been warning about for over two decades.
-BP Fought Safety Measures at Deepwater Oil Rigs
-Toyota’s Bill Reinert on Peak Oil
-How Bad Is the Oil Spill? Ask the Pelicans
-Asean members try to forge agreement on oil and gas rich Spratly Islands
-Track the Gulf of Mexico oil spill movement in animated graphic
-Response options for BP oil spill
Dr Michael Lardelli from the University of Adelaide looks at how the bulk of the world’s oil production comes from a relatively small number of very large fields discovered decades ago. The rate of world oil production has been maintained at current levels only by finding and bringing on line an increasing number of smaller fields, but the financial cost and the energy required to find and develop these new fields is constantly increasing. According to Dr Lardelli the so-called peak of oil production was actually in 2008.
The dirty secret of wind: utilities don’t like wind not because it’s not competitive, but because it brings prices down for their existing assets, thus lowering their revenues and their profits.
As oil companies reported sharply increased profits this week, an estimated 5000 barrels of oil a day was spewing into the Gulf of Mexico following the explosion of the Deepwater Horizon oil rig. This ecological disaster comes just a month after President Obama gave the green light to expand drilling off the US coast, and while the timing of the disaster could hardly be worse for big oil’s PR…
