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Daily Archives: November 10, 2010
White House skewed report on deepwater drilling ban
Here’s an interesting story from the States with potentially serious political implications.
The US interior department’s inspector general has carried out an investigation into why the government’s moratorium on deepwater drilling in the Gulf of Mexico, implemented in the wake of the BP oil spill, looked like it had been peer-reviewed, when it had not.
The investigation found the following sequence of events:
Does the IEA’s Outlook make Chevron’s Atlas deal look overpriced?
In a way, Chevron’s $4.3bn deal for Atlas Energy – giving it a foothold in the Marcellus shale gas field – was not particularly surprising. After Exxon and Shell made similar moves to take advantage of the US shale boom, Chevron was simply playing catch up.
But two things about the deal have raised eyebrows: the company’s previous resistance to such a strategy and the persistently low price of gas.
Energy headlines: IEA outlines China energy boom
- China to use 20% of global energy by 2035 – FT
- Charting China’s energy explosion – NY Times Green blog
- ‘Bad calls’ preceded Gulf of Mexico blast – FT
- Spill panel co-chairs want new offshore institution – Argus
- Chevron in $4.3bn shale gas Atlas deal – FT
- Halliburton looks to boost international oil services profits – Bloomberg
- EPA subpoenas Halliburton over fracking fluids – Reuters
- Global gas glut threatens alternative power – The Times (£)
- Africa discovery boosts Bowleven – FT
- Coal India IPO shows the mountain we have to climb – The Guardian
- US to announce home energy efficiency initiatives – Reuters
- Forced use of biofuels could hit food production, EU warned – The Guardian
Energy Source is no longer updated but it remains open as an archive.
Insight into the financial, economic and policy aspects of energy and the environment.