Daily Archives: July 20, 2010

Sheila McNulty

When Halliburton released its results, the numbers looked great: For the second quarter, Halliburton’s net income was better than expected, at $480m, or 53 cents per share, up 83 per cent from $262m, or 29 cents per share, in the year-earlier quarter. Its revenue was $4.4bn, up 25 per cent from $3.5bn in the same quarter last year. But the oil services provider noted that the impact of the US government moratorium in the Gulf of Mexico would be felt in the future.

The New York Times published an article at the weekend about the potential long term hidden damage caused by oil spills and their clean-up efforts, and it makes for interesting reading. What is most fascinating is the not-so glum picture that is painted of the future of the Gulf of Mexico.

scientists who have worked to survey and counteract the damage from spills say the picture in the gulf is far from hopeless. “Thoughts that this is going to kill the Gulf of Mexico are just wild overreactions,” said Jeffrey W. Short, a scientist who led some of the most important research after the Exxon Valdez spill and now works for an environmental advocacy group called Oceana. “It’s going to go away, the oil is. It’s not going to last forever.

A week after the Muir enquiry recommended greater openness in the science of climate change, the government launched a Google Earth Map layer which shows the impact of a 4° C temperature rise in the world including food and water pressures as well links to research outputs of prominent climate change scientists. The move will be welcomed by many, as it will allow the public a new opportunity to explore the uncertainty in climate science.

The Google map layer was launched by the UK Foreign Office in collaboration with the Department of Energy and Climate Change (DECC).

- China’s environmental woes

- Fools’ errand: time to remove the cap

- Haggling over the climate bill

- Gulf spill: fouling air as well as water?

- Funding the denial machine

- BP considers new plan to permanently seal well - NY Times

- Rig engineer details problems before blast - WSJ

- BP to continue test, seepage unrelated to well - Reuters

- BP puts Gulf oil spill cost at nearly $4bn – AP/Washington Post

- Oil spill puts a target on BP’s back - WSJ

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