Industry

The Peak Oil Crisis: The Deepwater Horizon

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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.

News from the Gulf Spill: Exxon good, BP bad

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One of the most stunning outcomes of the now month-long oil spill in the Gulf of Mexico is the utter reversal of corporate images it has generated. At once, Exxon — for two decades tarred as the callous, greedy and dirty culprit in the Valdez oil spill in Alaska — is regarded in expert circles as the squeaky clean, state-of-the-art, cutting-edge model of safe, environmentally friendly oil drilling. And BP — which spent tens of millions of dollars under former CEO John Brown successfully branding itself as the green, publicly interested conscience of the industry — is now the poster child of the devil-may-care, dollar-grubbing, environmentally and labor unfriendly oil company.

The relentless pursuit of extreme energy

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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.

Is there rehab for this oil overdose? Black tar has just taken on a whole new meaning

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It’s been almost a month since the sirens of the Deep Water Horizon oil rig in the Gulf of Mexico lacerated the night with tortured warnings of impending doom. Chief electronic technician Mike Williams, who nearly perished in the catastrophe, recounted in excruciating detail on CBS’s 60 Minutes on May 16 the horror of that night and the appalling negligence that contributed to the worst human-made disaster in recorded history.

Regulating the disaster

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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 vs. a sustainable planet: time to ban BP from doing business in the United States

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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.