Daily Archives: May 12, 2010

Kate Mackenzie

BP has published the first photos of the leaking Macondo well in the Gulf of Mexico: [image] Read more

Ed Crooks

From the House of Representatives, the FT’s US political correspondent Anna Fifield reports:

A second day of hearings into the BP oil spill got underway in Washington on Wednesday, with the same line-up as for the Senate committee hearings on Tuesday – Lamar McKay of BP, Steven Newman of Transocean, and Tim Probert of Halliburton – joined by Jack Moore, president of Cameron International, manufacturer of the blow-out preventer used by the Deepwater Horizon.

The four appeared before the oversight and investigations subcommittee of the House of Representatives’ energy committee, a powerful panel that received more than 100,000 pages of documents from the companies involved. The documents contained a number of eye-popping revelations. Read more

Kate Mackenzie

Highlights from our Mark Jacobson interview, for those who find the full 2000 words a little tl;dr.  Read more

Kate Mackenzie

Mark Jacobson, a Stanford professor of engineering, who has drawn a lot of attention with the article he wrote, together with Mark Delucchi, for Scientific American last year about how the world could move to 100 per cent renewable power. He spoke to FT Energy Source about the political, financial and other barriers to a mass transition to renewable power; and whether there is a role for carbon pricing.  Read more

Kate Mackenzie

Some of its officials may have talked about short-term supply problems, but the EIA is firmly focusing on above-ground issues affecting oil supply in its latest set of annual energy forecasts, the US-focused Annual Energy Outlook.

Its ‘reference case’ scenario for 2035 looks like this: oil prices reach $133; total liquid fuels consumption reaches 112m b/d. This is an extra 26m barrels per day over 2008 levels; the EIA expects about 8m would come from unconventional sources, including biofuels. Read more

Kate Mackenzie

The EIA has published its latest long-term energy forecasts, and believes US domestic crude oil production will keep rising to 2035 – in contrast to what most other forecasters are saying. Read more

Kate Mackenzie

The IEA has come out strongly criticising the CFTC’s proposed new position limits, warning that it could result in higher hedging costs for physical traders.  Read more

Kate Mackenzie

A brief summary of the climate bill set to be introduced by Senators John Kerry and Joe Leiberman began circulating on Tuesday night. It contains few surprises – much has been leaked already – but it appears to confirms that the pair have decided to respond to concerns about offshore drilling.

Whether this will help the bill’s chances is another question.  Read more

Kate Mackenzie

The Minerals and Management Service, which oversees US offshore drilling leases, is coming under attack from all sides over its role in the Deepwater Horizon accident. Read more

Kate Mackenzie

The EIA is forecasting that shale oil production will likely rise, predominantly in the US, thanks to higher oil prices. Coal-to-liquids and biofuels would also increase significantly.  Read more