Wednesday, August 4th, 2010
Today, a panel of government scientists released a report which said that the vast majority of the oil from the Deepwater Horizon oil spill has either evaporated or been burned, skimmed, recovered from the wellhead or dispersed much of which is in the process of being degraded. A significant amount of this is the direct result of the federal government’s aggressive (more…)
Monday, July 26th, 2010
The same day BP finally threw a cap over their spewing oil well in the Gulf of Mexico (which is expected to be as effective as celebrity rehab) the non-profit Artists & Athletes Alliance held a private discussion with Philippe Cousteau about the epic Gulf disaster. Event attendees, like Jorga Fox, Alyssa Milano, Stephen Baldwin and Jason Mraz, were treated to Cousteau’s inside information about the spill and it’s consequences, and got a rare glimpse of his feisty Irish side when discussing BP, the government, and our dependence on fossil fuels.
Frustrated with the media’s B-level response to the BP oil spill, Cousteau decided it was time for (more…)
Tuesday, July 13th, 2010
(Reuters) – The Obama administration issued a revised moratorium on deepwater oil drilling Monday but will likely face another tough legal battle with the companies which have so far successfully sued to get the original drilling suspension lifted.
The Justice Department said it will now seek to have the court order blocking the original moratorium thrown out, with the administration arguing a pause (more…)
Wednesday, July 7th, 2010
(Reuters) – Drilling of a relief well to halt the BP oil spill in the Gulf of Mexico is a week ahead of schedule, the U.S. official overseeing the response to the disaster said on Tuesday.
The prospect of an earlier completion of the well, seen as the most promising way to plug the oil leaking from BP’s blown-out undersea well, could help bolster the energy giant’s battered shares, which rose about 9 percent in New York trade.
But Retired Coast Guard Admiral Thad Allen told (more…)
Tuesday, July 6th, 2010
Imagine that every car in America was an Electric Vehicle (EV) powered by a electric battery like the Tesla’s (Nasdaq: TSLA) Roadster. Imagine also that each and every car was powered with solar energy. Here’s a question: what amount of land would you need to generate the solar energy to power every electric vehicle in America? And how would that solar acreage compare with the land surface that the oil industry uses to drill today?
I did the numbers and the answer will surprise you. (more…)
Wednesday, June 30th, 2010
The companies now threatening to sue BP have only themselves to blame.
Call me a hard-hearted bastard, but I’m finding it difficult to summon up the sympathy demanded by the institutional investors now threatening to sue BP. They claim that the company inflated its share price by misrepresenting its safety record. I don’t know whether this is true, but I do know that the investors did all they could not to find out. They have just been presented with the bill for the years they spent shouting down anyone who questioned the company.
They might not have been warned by BP, but they were warned repeatedly by environmental groups and ethical investment funds. Every year, at BP’s annual general meetings, they were invited to ask the firm to provide more information about the environmental and social risks it was taking. Every year they voted instead for BP to keep them in the dark. While relying on this company for a disproportionate share of (more…)
Tuesday, June 29th, 2010
Many energy experts contend natural gas is the ideal fuel as the world makes the transition to renewable energy. But since much of that gas will come from underground shale, potentially at high environmental cost, it would be far better to skip the natural gas phase and move straight to massive deployment of solar and wind power.
For several years, many voices, including Texas energy baron T. Boone Pickens, have been touting natural gas as the best energy source to form a bridge between the current fossil-fuel economy and a renewable energy (more…)
Tuesday, June 29th, 2010
Rep. Ed Markey has been among BP’s toughest critics in Congress following the Deepwater Horizon blowout, accusing it, among other things, of lowballing its estimates of oil flow.
Markey is at it again. As you may have read, the Boston Democrat released an internal BP document that shows that early company estimates for worst-case oil flow scenarios were far higher than the company has ever acknowledged — up to 100,000 barrels per day if all containment mechanisms were to fail. Take a look at the document for yourself.
The document is not dated, but a statement from Rep. Markey that accompanied its release said (more…)
Monday, June 28th, 2010
In a series of images taken in and around the Gulf of Mexico in late June, a team of independent photographers have documented the ongoing fallout from the Deepwater Horizon spill. Collected as part of the TEDxOilSpill project, the photos — taken from chartered airplanes, fishing boats, and coastal communities across the region — will be shown at a June 28 conference in Washington, D.C. coordinated by TED Conferences, LLC. “From the source to Gulf Shores [Alabama],” says one of the project participants, “we saw oil ranging from sheen to much heavier all the way (more…)
Monday, June 28th, 2010
Six years after a scathing 2001 internal review of BP’s Alaska operations found that the company wasn’t maintaining safety equipment and faced “a fundamental lack of trust” among workers, a follow-up study concluded BP had made little headway in addressing those concerns.
The 2007 review, obtained by ProPublica, is based on a survey of more than 400 BP workers and contractors across Alaska greater Prudhoe Bay drilling fields. Three of four workers surveyed said that BP’s maintenance (more…)