Good morning. While you were snoozing like a bear and dreaming of double rainbows , legions of Warcraft players were arming for a revolt against Blizzard Entertainment, Obama announced more manufacturing tax credits, YouTube was getting all La-Z-Boy, Facebook blew out the last cupcake candle in its Gift Shop, and hot Russian spies got swapped for American counterparts, cold…
This is a guest post by Jeff Radtke. Jeff is an independent researcher holding BS degrees in Nuclear Engineering and Physics, and an MS in Nuclear Engineering and Engineering Physics. He is a member of the American Physical Society and The Institute of Electrical and Electronic Engineers. In addition to recent work with electric bicycles, for the past 27…
This is a follow up post to ‘The Fake Fire Brigade – How We Cheat Ourselves about Our Energy Future’ , which gave an overview on how difficult it will be to maintain our current energy systems with renewable energy. The main authors are Hannes Kunz, President of Institute for Integrated Economic Research (IIER) and Stephen Balogh, of SUNY-Syracuse…
Russian Oil Erodes Middle East’s Hold on Exports to Asia Russia is sending record amounts of oil to Asia, eroding the dominance of the Middle East, as refiners in South Korea and Japan increase purchases from a source that’s three weeks closer by ship. South Korean imports of Russian crude climbed to an all- time high of 179,000 barrels…
Beleaguered oil giant BP has announced it aims to fix the leaking oil well by 27 July – ahead of its earlier forecast of mid-August. In an interview with the Wall Street Journal, head of BP’s Gulf Coast restoration unit Bob Dudley, said: “In a perfect world with no interruptions, it is possible to be ready
Original Source of BP…
The price of crude oil was higher Wednesday ahead of a delayed report on US inventories, a higher demand growth prediction for this year and next, an indication of continuing demand in China, and on the possibility of another storm in the Gulf of Mexico. Analysts expect that crude oil stockpiles in the US fell by
Original Source of Crude…
China pumps billions into Canada’s oil sands BEIJING (AFP) – Energy-hungry China, once stung in its efforts to secure access to resources in North America, is making a more subtle push into Canada’s oil sands, and the new approach is paying off, experts say. Chinese firms seeking a toehold in the largest known crude deposit outside the Middle East…
Following speculation that BP is seeking investment from Middle East sovereign wealth funds, the US Government has demanded that the oil giant inform it of any major transactions or merger deals in advance. It asked BP to inform US justice officials in advance of “any planned or contemplated events that may involve substantial transfers of cash
Original Source of BP…
Because of the large number of comments, this is a new thread. Yesterday, I noted that the report from the Unified Command had the well at 17, 400 ft . And I was corrected to note that this is measured depth (MD). Well today the depth has increased a further 300 ft to 17,700 ft , an additional gain…
Today, Yahoo launches The Upshot *, a news blog that uses search queries to determine its content. Staffed by a couple of editors and six writers (no robots as yet, though) it is, as James A. Pitaro claims–he’s the VP of Yahoo Media–what differentiates Yahoo from its competitors. But does it? The NYT has a lengthy piece about how…