To the oil industry, the Deepwater Horizon disaster is a challenge to overcome. The industry’s confidence comes largely from its history of overcoming technical challenges. Read more
FT: What resulting government would the green party have preferred?
CL: We’d have preferred an election under a fair, inclusive voting system that would have delivered a reasonable representation of what the electorate wants, instead of forcing millions of people into tactical voting. Failing that, it’s clear from our own manifesto that ours is a genuinely progressive, redistributive agenda, with sustainability at its heart, and so we would want a government that was more likely to act on that agenda. Read more
So Obama has finally come out and linked the Deepwater Horizon accident and the continuing oil leak to the ‘dangers of fossil fuels’. As the FT reports:
Touring a solar panel plant in California on Wednesday, Mr Obama said “the increased risks, the increased costs” of deepwater drilling “gives you a sense of where we’re going”.
“We’re not going to be able to sustain this kind of fossil fuel use,” he said, calling the spill “heartbreaking”.
The administration is expected to announce it will extend the suspension on new deepwater drilling permits, and place more stringent requirements on oil and gas companies operating offshore. Read more
It’s not often we see oil analysts looking much at electric cars. But JBC Energy has made a reasonably bullish assessment, picking up on reports that Chinese electric vehicles will be subsidised to the tune of 60,000 yuan, or almost $9,000, and expand a pilot subsidy scheme from 13 cities to 20. Read more
Expectations are high that the Obama administration is going to come down tougher on offshore oil and gas drilling later today. Yet just weeks ago, this year was set to be quite a special one for deepwater oil drilling in the Gulf of Mexico, and for US offshore drilling generally. Read more
We put together a list of the other ultra-deepwater leases in the Gulf of Mexico: Read more
Despite BP’s insistence that the results won’t be known until later on Thursday, and that the video may not indicate whether the operation is succeeding, viewers of the live feed video are inevitably speculating about just what the cameras at the Montara well are showing, especially since the view was obscured a couple of hours ago, as this video shows: Read more
- Did deferring to the chain of command contribute to explosion?
- Matt Simmons thinks well casing may have blown out Read more
- Lawmakers hit out at latest MMS revelations – FT
- BP used riskier method to seal oil well before explosion – NY Times
- Svanberg links BP’s future to response – FT
- Obama warns on ‘risky’ fossil fuels – FT
- Exploratory Arctic drilling halted until 2011 – McClatchy
- Obama to keep deepwater drilling permit ban – source – Reuters
- Majority give Obama, feds failing grade on spill response – USA Today [And more] Read more
Doug Suttles, BP’s chief operating officer, told a press conference on Wednesday that it was “too early to know” whether the ‘top kill’ attempt to seal the oil well leaking in the Gulf of Mexico had been successful, and it would be about 24 hours — until early evening Thursday, CDT — before that became clear. Read more