Thursday, June 16, 2011

Oil Drilling News


DID THE GULF OIL SPILL REALLY HAPPEN?


Congress living in denial in wake of oil spill, nuclear disasters

"Fourteen months have passed since the Deepwater Horizon oil rig exploded 49 miles off the coast of Louisiana, gushing 4.9 million barrels of oil into the Gulf of Mexico. Fourteen months, an estimated $6 billion of damage, and zero laws passed to prevent it from happening all over again. 

You might think Congress would want to alter the law that only required BP to pay $75 million of the damage. BP volunteered to pay up to $20 billion, so why not make it official? 

You might think Congress would want to adopt most of the recommendations released in January by the President's National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling before even considering new drilling operations. Instead, the House has introduced three bills to expand drilling immediately, incorporating very few of the commission's recommendations."


WAS THE CURE WORSE THAN THE DISEASE?


Corexit Makes Oil Spills Worse, Not Better, Scientists Find

"...preliminary findings of two new studies show that the nearly two million gallons of toxic dispersants applied to the more than 200 million gallons of oil that gushed from its exploded rig may have been more damaging to the ecosystem as a whole than the oil alone."

DO YOU FEEL SAFER NOW?


MWCC increases containment capping stack depth to 10,000 ft

Note that this containment system is not available now but is "on track for delivery in 2012."

OIL AND ENERGY TRENDS


Peak Oil – The Long & The Short


ALTERNATIVES TO OIL


The U.S. Military Leads the Charge on Renewables, Efficiency and Energy Security

"Both the Department of Defense as a whole and each of the military branches have taken strong leadership in setting ambitious goals for energy independence and in deploying innovative energy technology to meet those targets. Major steps have been taken across the department to develop and implement new energy solutions using renewable fuels, renewable electricity, energy efficiency, energy storage, and smart and secure microgrids for electricity. "