Tuesday, February 1, 2011

Oil Drilling News


GULF OIL DISASTER


Spill commission co-chairmen testify before Senate, House panels


Oil Execs Developing Agency to Supervise Drilling Safety

"...a debate is swirling over whether the new organization would be a part of the American Petroleum Institute, which serves as both a major industry lobbyist as well as a technical body charged with establishing standards across the industry. 

Some officials worry that this would create an overly cozy relationship between the drilling safety overseers and profit-minded oil companies. 

"The new safety body has to be a different institution with a different staff, a different name and a different physical location from the API," William Reilly, one of the two co-chairs of the presidential commission, told the Financial Times."


BP Hires Republican Firm to Lobby U.S. Congress, Administration


BP's Safety Drive Faces Rough Road


PEAK OIL, PEAK FOOD, PEAK WATER, PEAK PEOPLE?


'This is bigger than global warming': expert

"...unless the world cuts back on its oil consumption, the global economy could collapse entirely."

Peak Oil and Civil Unrest
"We will see an increasing number of revolutionary demonstrations throughout the world because we are facing a food shortage crisis that is the result of the end of  cheap oil and global climate change. Several billion of the worlds population depend on cheap fossil fuel for their food."