EcocentricOil
It may be time to bury cap-and-trade.
Speaking in his first prime-time televised address from the Oval Office, President Barack Obama hit a range of topics. He promised the people of the Gulf Coast, and the rest of the country, that his Administration would do whatever it took to fight the BP oil spill—while warning us that it would …
EcocentricOil
A new report from the government’s Flow Rate Technical Group, charged with clocking the speed of the Gulf oil leak, has just been released and it’s not good: the new estimate is 35,000 to 60,000 barrels a day. That’s a significant increase from the most recent count, nearly a week ago, which put the leak at between 20,000 and 40,000 …
EcocentricOil
Around 10:30 AM Eastern this morning, just as the five executives of the major global oil companies were settling in for what was set to be a brutal hearing from the House Energy and Commerce Committee, a fire broke out on BP’s Enterprise drilling ship, which is processing thousands of barrels a day of oil diverted from the Gulf of …
EcocentricOil
Though you wouldn’t know it from the words chosen by angry American politicians—who can’t stop talking about the company’s Englishness—BP’s name doesn’t actually stand for British Petroleum anymore. The name was changed back in 2001, a few years after what was then British Petroleum—which in its early years had been the British …
EcocentricOil
If there were ever a time and place for “so crazy it might just work” ideas, it’s the Gulf of Mexico oil spill. More than 50 days after the Deepwater Horizon exploded, the finest minds in the offshore oil industry are still trying to figure out a way to plug the leak for good. Even as the joint BP/government brain trust in Houston …
EcocentricEnergy
While the world can’t take its eyes off the slow motion train wreck in the Gulf, environmentalists and politicians in more northerly climes are getting increasingly cold feet about plans for offshore drilling in their own icy waters.
Canada’s Environment Minister Jim Prentice plans to station a supervisor on an upcoming drilling …
EcocentricOil
From the beginning of the Gulf of Mexico oil spill, there have been questions over just how much crude really is bleeding out of BP’s well. The first figure—supplied by the company—was 1,000 barrels a day. The government later upped that to 5,000 barrels, a number that stood despite the skepticism of a raft of outside experts. …
EcocentricOil
From the beginning of the Gulf of Mexico oil spill—which has now resulted in at least 50 million gallons oil spewing into the ocean, if not far more—President Barack Obama has been in an awkward position. The energy giant BP is financially responsible for the spill, but it is also the only company that has the technology, expertise …
