Wednesday, January 26, 2011

Oil Drilling News


GULF OIL DISASTER


Apache May Need Relief Well to Seal Gas Leak in Gulf


Deep-Water Oil Drilling Stalemate Pits Explorers Against U.S. Regulators


Due Diligence for Offshore Drilling

US House cuts budget to 2008 levels, rig inspections could take hit


GOP lawmaker downplays drilling risks, compares to 'slipping on ice'


Democrats Offer Measure to Adopt Oil-Spill Panel Safety Proposal


Oil industry pans Obama's State of the Union address


MISSISSIPPI


Miss. still seeing tar balls from Gulf oil spill

WEST COAST


West Coast senators push Pacific shore drilling ban


OIL SUPPLY AND DEMAND

On the supply side, it's clear that the world is at or fast approaching "peak oil"where crude oil production can not rise due to finite economically recoverable reserves.  But on the demand side, look at the graph below.  If you're wondering why gas prices are going up (and will continue to go up), look no further.  More proof that increased offshore oil drilling is Not the Answer.


ALTERNATIVES TO OIL


Volkswagen to debut XL1 PHEV prototype at Qatar Motor Show; fuel consumption of 0.9 L/100 km (261 mpg US)