With Tropical Depression Bonnie dissipating, the slow process of getting all of the boats back in place and workers back to work is now beginning. Much of the discussion at Admiral Allen’s press conference on Saturday, however, was about the expected impact of the Bonnie. NOAA Administrator Dr. Jane Lubchenco was present to explain the impacts. She indicated she…
The old pocket watch that I used as a prop for my talk on peak oil to a group of elderly people in a countryside church. It was made in 1946 – the date and the name of the owner are still engraved on the back. When I arrive, the friend who has invited me tells me that he…
This post is really an update to my prior post http://www.theoildrum.com/node/6771 . Update: 1:00 PM EDT: Evacuation of oil spill area called off; ship are expect to return within 24 hours. Note, Saturday 9:00am EDT: Storm update by Chuck Watson at end of post. As noted previously, BP now has permission to leave the cap on indefinitely, with the…
E.P.A. Considers Risks of Gas Extraction CANONSBURG, Pa. — The streams of people came to the public meeting here armed with stories of yellowed and foul-smelling well water, deformed livestock, poisoned fish and itchy skin. One resident invoked the 1968 zombie thriller “Night of the Living Dead,” which, as it happens, was filmed just an hour away from this…
Nokia’s business may not be circling the drain hole, but it is in the toilet despite positive spin around its recent finances. How can the company be saved? A former exec knows: by flushing its middle management. Juhani Risku wrote a book– Uusi Nokia (New Nokia)–that has been a sensation in Finland, but is only now hitting the English-speaking…
Crude oil prices were lower in afternoon trade Friday as September contracts for West Texas Intermediate Crude dropped 34 cents to trade at $78.96 per barrel on the New York Mercantile Exchange. Brent crude had also dropped 34 cents at last report to trade at $77.48 per barrel on the ICE Futures Europe exchange in London. Prices
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There may no longer be oil seeping into the ocean off Louisiana’s coast, but the damage is done. And the cleanup process will be expensive, lengthy, and detrimental to the Gulf economy, according to a report (PDF) from Oxford Economics. The report, released this week, offers some eye-opening statistics: The effects of the oil disaster on tourism to the…
The July 2010 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.24 MB, 33 pp). Figure 1 – North America Oil Consumption January 2002 to May 2010, Datasource: JODI. The Oilwatch Monthly is a newsletter that is available free of charge with the latest data on oil supply, demand, oil stocks, spare capacity and exports. Below…
5pm ET Friday Update Bonnie has passed over South Florida and is entering the Gulf of Mexico, pretty much on the forecast track. It has dropped below tropical storm strength, but should gain a bit over water to become a minimal tropical storm again. The post below pretty much sums things up: the main impact of the storm will…
Scientists: Oil plumes definitely from BP’s well TAMPA, Fla. — Researchers in Florida say they have the first scientific proof that two plumes of oil beneath the surface of the Gulf of Mexico came from BP’s broken well. University of South Florida scientists said Friday they linked the oil to BP’s well based on chemical tests of two plumes…