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Sign this petition to demand to see Arctic oil driller's Greenland oil spill response plan http://bit.ly/m3SBLh
Sign this petition to demand to see #Arctic oil driller's #Greenland #oil spill response plan http://bit.ly/m3SBLh

Greenland Arctic oil via:packrati.us

RT @climateprogress: Saudi Prince: "We don't want the West to find alternatives to #oil." http://bit.ly/leIL1O #oil

via:packrati.us oil

Global oil production peaked in 2006 according to the International Energy Agency's new report

We are now inhabiting a 'post-peak' world. That is the implication of the International Energy Agency's (IEA) new report, World Energy Outlook 2001, which in its 25-year 'New Policies Scenario' projects that it is most probable that conventional crude oil production "never regains its all-time peak of 70 million barrels per day reached in 2006."

oil greennumbers iea International Energy Agency peak oil

Ken Saro-Wiwa executed 15 years ago today #Shell #PR #Nigeria #Corrupt #Oil #Progress #Shame http://bit.ly/cfGpBl Please RT
– altepper (altepper) http://twitter.com/altepper/status/2260200186712065

Oil Nigeria Shame Progress Corrupt PR Shell via:packrati.us

This week a study on peak oil by a German military think tank was leaked on the Internet. The document shows that the German government is closely studying the issue of peak oil, and is aware of the potential for serious consequences as oil production declines. The study is reminiscent of the Hirsch Report, commissioned by the U.S. Department of Energy, that warned of the risks posed by peak oil.

The document warns of the potential for regional shortages, market failures, and a shift in political power toward those capable of exporting oil. This report describes potential outcomes that require planning and preparation. The scenarios outlined in the paper are exactly the kinds of drivers that lead me to advocate for greater regional energy self-sufficiency. The report clearly lays out just how vulnerable Europe will be because of its continuing dependence upon Russia for both oil and gas, and notes that Russia will be in a very strong political bargaining position as a result.

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A lot of people have been asking what they can do to use less oil, and reduce demand for the sticky stuff ruining beaches everywhere. Here's my top ten, feel free to add to it in comments:

oil reduce oil less oil oil consumption

ScienceNOW reports a new paper by Peter Gleick and Heather Cooley in Environmental Research Letters that compares the energy use of bottled and tapwater

water bottled water tapwater oil

Environmental group WWF Scotland has reacted with dismay at news today [1] that Edinburgh-based oil firm, Cairn Energy, has begun drilling oil exploration wells in the waters off Greenland. WWF Scotland had hoped plans to drill in the environmentally-sensitive Arctic environment would be postponed following the recent BP oil disaster. WWF is calling for an immediate moratorium on new drilling activities in the Arctic.

arctic drilling oil wwf cairn energy

Joe Barton - the Congressman who apologised to BP for how they were treated by the Obama Administration received $1.5m in contributions from oil & gas

oil gas big oil Joe Barton opensecrets greennumbers

The BP oil spill has been called an "unprecedented disaster" by both the president and BP's top executive. But the Deepwater Horizon catastrophe has echoes of a 1979 spill, when a rig in the southern Gulf exploded after the blowout preventer failed.

Thirty-one years later, we haven't come that far technologically with how we deal with underwater oil drilling spills. The Mexican company running the Ixtoc I rig attempted a slew of now-familiar remedies --- they pumped mud into the well, capped it with a metal "sombrero," shot lead balls into the well and drilled relief wells -- but it took 10 months to stop the leak even though the drilling was taking place just 160 feet below the surface.

Ixtoc Gulf of Mexico oil oilspill sombrero

The oil industry's decommissioning costs will dwarf those of nuclear power. The money being made now should be put aside to meet them.

Has BP ever made a profit? The question looks daft. The oil company posted profits of $26bn last year(1). There’s no doubt that BP has been pumping money into the pockets of its shareholders. The question is whether this money is what the company says it is. BP calls it profit. I call it the provision the firm should be making against future liabilities

oil oil industry greennumbers decommissioning decommissioning costs monbiot

Continued reliance on oil is risky and expensive for business, say the authors of a new report from Lloyd's global risk assessment department, 360 Risk Insight, and UK think tank Chatham House.

The way forward for businesses, the report says, is renewable energy - but the chaos and uncertainty following the Copenhagen climate summit has stifled investment.

greennumbers oil renewables lloyds risk assessment chatham house

Oil from the BP spill is slathering some areas in a tarry mess while leaving others unscathed, and officials confirmed Tuesday that plumes are also lurking in the deep even as a device collects more crude gushing from the bottom of the Gulf of Mexico.

Test have confirmed underwater plumes dozens of miles from the broken wellhead off Louisiana that's been spewing oil since late April, NOAA Administrator Jane Lubchenco said in Washington

oil oilspill Gulf of Mexico bp plumes

An interesting 2 page study on the price of energy from wind vs offshore oil

wind wind energy oil oilspill offshore oil drilling greennumbers

America is seeing the usually hidden costs of fossil fuels — an oil spill's potential for huge environmental and economic damage, and deaths in coal and oil industry accidents.
But don't expect much to change. America and the world crave more oil and coal, no matter the all-too-risky ways needed to extract those fuels.
"We are absolutely addicted and we have no methadone. All we have is the hard stuff," said Larry McKinney, director of the Harte Research Institute for Gulf of Mexico Studies at Texas A&M University Corpus Christi. "The reality is we're on it, this incident has happened and what we have to do is figure out how we can move forward."

oil bp hidden costs

But this whole Gulf of Mexico fiasco sounds a bit like a trailer mash-up between a Jean-Claude Van Damme movie and Al Gore's Inconvenient Truth. Unfortunately, this isn't Hollywood and we've have 5,000 barrels of crude oil bubbling into our ocean every single day--though some are reporting it's closer to 26,000 barrels a day!

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The explosion of the Deepwater Horizon drilling rig that caused a massive crude oil slick in the U.S. Gulf of Mexico will cost billions of dollars for the companies that worked on the rig.

Oil began washing up on Louisiana's coast and commercial fishing areas on Friday as shrimpers and fishermen and survivors of the blast flooded courthouses with lawsuits.

"This is a multi-billion dollar event," said Keith Hall, an attorney with the firm Stone Pigman in New Orleans. "There are going to be huge environmental clean-up costs."

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University of Leeds Professor Joyce Dargay and New York University Professor Dermot Gately have a new research paper suggesting that projections from the DOE, IEA, and OPEC are underestimating the challenges ahead for meeting world oil demand.

oil oil demand peak oil doe iea opec

Goldman's David Greely is making a near-term bullish case for oil. His optimism is driven by A) The strong U.S. ISM Manufacturing data we had two days back, B) the fact that renewed Nigerian violence threatens supply, and C) the reduction in overhang caused by oil hoarded at sea in tankers (floating storage).

goldmans tankers oil oil price floating storage

T. Boone Pickens said that based on the latest figures from the U.S. Department of Energy's Energy Information Administration (EIA), the U.S. imported 63 percent of its oil, or 4.35 billion barrels in 2009, sending nearly $265 billion, or $502,473 per minute, to foreign governments.

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