Insight and inspiration in turbulent times.
Our energy subsidy from the stored sunlight in fossil fuels is gigantic. The chemical and kinetic energy embodied in the thick gooey condensed organic matter from past eons is, for all human intents and purposes, indistinguishable from magic. Once in a while, like now, we see the downsides to our dependency on this elixir, in this case the ecological degradation of increasing areas of the Gulf of Mexico ecosystems, and collateral damage to other species.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Deepwater horizon
-Has the EIA admitted to peak oil?
-Quote of the week
-Briefs
The Gulf of Mexico is currently experiencing the human equivalent of metastasizing cancer, and the governor of Louisiana proposes that the activities which resulted in that cancer be resumed immediately even as BP’s underwater gusher continues to flow into the gulf.
As BP’s reputation in the U.S. plummeted, the company in a new spirit of openness began releasing live video feeds from their Remotely Operated (Underwater) Vehicles “ROV”s working on stopping the torrent of oil spewing into the Gulf of Mexico.
Two months ago the PBS show, “NOW,” examined the issue of hydraulic fracturing and its apparent environmental and health impacts. PBS built its story around the exceptional efforts of Josh Fox, the maker of the recent award-winning documentary, “Gasland.”
As the Deepwater Horizon rig disaster continues to unfold, the peak oil community has a “teachable moment” in which it can illuminate the reality of our energy plight. The public has had a crash course in the challenges of offshore oil, and learned a whole new vocabulary. They are more aware than ever that the days of cheap and easy oil are gone.
A midweekly roundup of peak oil news, including:
-Prices and production
-Deepwater Horizon
-President Obama: Fed Gov’t in Charge of Efforts to Contain Oil Spill, Not BP
-BP and the Annals of the Tin Ear
-‘Top kill’ method ‘slows BP oil leak’ in Gulf of Mexico
-Setback Delays ‘Top Kill’ Effort to Seal Leaking Oil Well in Gulf
Oil spill update for May 24, including:
-What caused the disaster
-EPA weighs sanctions against BP
-Dispersants
-MMS deficiencies in Alaska
-Increasing insurance costs
The blowout and oil spill on the Deepwater Horizon in the Gulf of Mexico was caused by a flawed well plan that did not include enough cement between the 7-inch production casing and the 9 7/8-inch protection casing. The presumed blowout preventer (BOP) failure is an important but secondary issue. Although the resulting oil spill has potentially grave environmental implications, recent efforts to limit the flow with an insertion tube have apparently been effective. Continuous efforts to slow or stop the flow include drilling two nearby relief wells that may intersect the MC 252 wellbore within 60-90 days.
Oil prices fell below $70/barrel this week before recovering slightly. The drop reflected market nervousness about the gravity of the Euro crisis and its potential impact on the global economy, coupled with continued high US crude oil stocks. In the meantime all eyes continue to be focused on the Gulf of Mexico where challenges to BP’s estimate of the size of the oil spill is further damaging the credibility of the company…
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.
