BP-style extreme energy nightmares to come

On June 15th, in their testimony before the House Energy and Commerce Committee, the chief executives of America’s leading oil companies argued that BP’s Deepwater Horizon disaster in the Gulf of Mexico was an aberration — something that would not have occurred with proper corporate oversight and will not happen again once proper safeguards are put in place. This is fallacious, if not an outright lie.

Natural gas – June 21

-The Costs of Natural Gas, Including Flaming Water
-Marcellus Shale gas drilling put under microscope: Moratorium weighed as towns, people wary of potential mishaps
-Struggle for Central Asian energy riches
-Russia Cuts Gas Deliveries to Belarus

What happens when energy resources deplete?

One view is that energy prices will rise, substitutes will be found, and prices will come back down again, perhaps settling at a somewhat higher equilibrium reflecting the cost of producing the substitute energy source… Another view, popular among those concerned about peak-oil, is that oil and energy prices will just keep rising. If scalable substitutes aren’t found, some expect that oil prices will rise from their current price of $75 barrel, to $100 barrel, to $200 barrel, to $300 barrel, and eventually to $1,000 barrel or more.

Call the Politburo, we’re in trouble

The most distinctive feature of the last years of the Soviet Union may have been the way it continued to pour money into its military — and its military adventure in Afghanistan — when it was already going bankrupt and the society it had built was beginning to collapse around it. Successive American administrations have blindly headed down the very path that had led the Soviets to ruin.

Addicted to oil, we are all BP – June 2

-Why America should thank BP
-Nigeria’s agony dwarfs the Gulf oil spill. The US and Europe ignore it
-BP oil spill: Shares fall further
-BP’s OTHER Spill this Week
-The real cost of cheap oil
-What Will it Take to End Our Oil Addiction?