Oil

ODAC Newsletter – July 9

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Hopes rose this week that BP may be in a position to attempt to ‘kill’ the Macondo oil leak a couple of weeks ahead of its previously anticipated date. The first of two relief wells is now close to the target, and a top BP executive is reported to have told Wall Street Journal that, should weather conditions remain favourable, the well could be shut off by 27th July. With this optimistic, but by no means assured backdrop, Tony Hayward spent this week visiting Middle Eastern investors in an attempt to shore up BP against hostile takeover bids…

Population growth must stop

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Earth’s population is approaching seven billion at the same time that resource limits and environmental degradation are becoming more apparent every day…Resource scarcities, especially oil, are likely to limit future economic growth; the demographic transition that has accompanied economic growth in the past may not be possible for many nations today.

Electric refueling: Doing the math

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Oilbama and what passes for a green movement talk breezily of “clean energy,” as if the only thing blocking a rapid and thorough transition to an alt-energy economy is oil-industry corruption and political indecision. In the misleading verbiage of such false prophets, you never get any details. Why not? Because the facts are entirely contrary to the promises.