Europe considers drill ban following BP gulf oil spill

BP PLC’s oil spill crisis in the US Gulf of Mexico has prompted offshore safety regulators in Europe to examine the adequacy of their own response procedures to ensure a similar disaster does not happen there. The upstream sector’s reputation has been damaged, and regaining society’s trust in delivering safe and reliable supplies of fossil […]

Cobb: Pontificators Should Prepare Before They Preach

What will it take to convince people about the dangers of peak oil? As I watched the compelling interview of Michael Ruppert which was made into the movie Collapse, I found myself identifying with Ruppert’s frustration that the public does not seem to understand the problem of peak oil and that it’s hard to figure […]

Rigzone: Different Towns, Different Rules for Gas Drilling

The mounting wave of Marcellus Shale gas drilling is creating a substantial challenge for local municipalities. What can they regulate? What do they want to regulate? How can they regulate it? On the flip side, municipalities are creating a substantial challenge for Marcellus Shale drilling companies. “You may have 10 municipalities here that may have […]

MIT: Natural Gas to Replace Coal

Natural gas will play a leading role in reducing greenhouse-gas emissions over the next several decades, largely by replacing older, inefficient coal plants with highly efficient combined-cycle gas generation. That’s the conclusion reached by a comprehensive study of the future of natural gas conducted by an MIT study group comprised of 30 MIT faculty members, […]

“The Well from Hell” Update, still leaking and unmeasured

They’re going ahead with it, though, and the government is letting them, which makes no rational sense. A friend thinks that the Administration made a deal with BP that if they put up the $20 billion, the government wouldn’t force them to measure the flow from the well. I had at first dismissed that as […]

Ocean Losing Its Green

The oceans are the lifeblood of our planet and plankton its red blood cells. Those vital “red blood cells” have declined more than 40 percent since 1950 and the rate of decline is increasing due to climate change, scientists reported this week. “Phytoplankton are a critical part of our planetary life support system. They produce […]

Energy and Capital: Shale Gas Explosion

To say that shale gas will play a major role in meeting our world’s energy demand is an understatement. Take a minute and think how far shale gas has grown in the last five years… It wasn’t until the success of the Barnett shale that U.S. drillers took notice. Although drilling the Barnett formation picked […]

Matt Simmons: Peak Oil: Energy ‘Pearl Harbor’ or Collapse?

Interview with Jim  Puplava Listen MP3 FinancialSense

New Management at World’s Only Fusion Project

“Some say fusion is always a dream. This is not true. … Fusion is not a dream but a real target,” says Motojima. Now that the European funding woes that recently cast doubt on ITER’s future have been resolved, Motojima has the challenge of getting the machine built on time and on budget. It won’t […]

Robert Rapier: Thoughts on an Ethanol Pipeline

With a present conventional gasoline demand of over 2.1 million barrels per day against ethanol production of 0.8 million barrels per day, it is puzzling that an ethanol pipeline is being discussed. If gasoline demand in the Midwest was converted to demand for E85, every drop of ethanol produced in the Midwest could be consumed […]

Imperial, Exxon, BP form Arctic Canada venture

The partners will not start exploratory work on the acreage until after Canada’s National Energy Board completes its review of offshore safety and environmental impact, Wong said. When the NEB announced the review in May, it canceled a planned hearing on a request from BP and Exxon to reexamine a requirement that Arctic drillers need […]

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