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…
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…
Crude oil prices gave up early gains Tuesday after a report from the Institute for Supply Management showed that the services sector did not expand as quickly as had been expected in June. The ISM’s non-manufacturing index remained in expansion but dropped to 53.8 in June after remaining at 55.4 in March, April and May, while
Original Source of Services…
Most ordinary buildings in the world use wooden beams to sustain the roof. Domed roofs, which use only stone, are more expensive and so are usually reserved for large buildings, cathedrals and the like. But wood may be so rare and expensive in some areas that stone domes are the only possible kind of roof. One such area is…
Yesterday, I enjoyed the hospitality of the University of New Hampshire, and their local Rotary Club at a July Fourth Celebration, after a family get-together earlier. I hope you all had as Happy a Fourth as we did, and that you equally well enjoy the coming week. I will, however, add the latest picture from the Gulf of the…
This is a guest post by Cheryl Rofer. Cheryl worked at Los Alamos National Laboratory for 37 years on topics including the nuclear fuel cycle, fossil fuels, lasers, technologies for destruction of hazardous wastes and decommissioning of nuclear weapons, and management of environmental cleanups. Cheryl has been a visitor to The OIl Drum for a long time, but has…