Daily Archives: September 27, 2010

Kiran Stacey

A slightly confusing report has just dropped into my inbox from the German consultancy EnergyComment. It carries the provocative title Offshore oil drilling: Public costs and risks are too high and states (underlining the author’s own):

A ban on all new offshore oil drilling is justified as the risks are too high relative to the rewards.

This is considerably more hardline than the current position even of the US government, which has implemented a six-month ban on new deepwater drilling (in this case, drilling at depths of over 500ft).

But when I look for the justification for such an assertion, it is difficult to find. Much of the report focuses on the problems that come with depth, rleaving out shallower drilling altogether. It also seems to set a high bar on what is a “justified risk”. Here’s a sample argument:

Sheila McNulty

Brazil’s sugar cane industry has recently been trumpeting that five of its processing mills have been approved by the US government to sell their ethanol in the US. The fact that the mills are bothering to go through the registration process, which includes filling out forms and allowing an engineering review, is significant, and shows renewables are no longer the pet project of many Americans. With the US perhaps distracted by its pressing economic difficulties, producers in other countries have started to get in on the act.

FT Energy Source

- Halliburton says BP missed ‘red flags’ – FT

- Senator asks BP to push deadline for rig workers – Argus

- The best way to deal with oil in the marshes? Leave it – Fuel Fix

- Virus hits Iran nuclear programme – FT

- Senators aim to keep renewable bill ‘clean’ – Reuters

- Scottish wind project gets £50m backing – FT

- Shetland deepwater wells likely to be approved – The Guardian

- Brazil basks in Petrobras spotlight – FT

- ‘Brazil is the future of the oil industry’ – Oil Change

- Race on for Greenland’s Arctic oil fields – The Telegraph

- Asia begins embracing solar power – NY Times Green blog

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