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I agree with the strikes on Libya because they’ll pave the way for a no-fly zone…and that will cut down on Gaddafi’s ability to do a lot of damage quickly. And I would agree with air strikes on Sudan who are doing awful things. Let’s remember, many Dems were for hitting Afghanistan hard in 2001 [...]

That’s what one former oil exec is saying and based on the increased demand we’re seeing in China…this doesn’t seem unlikely. From CNN Money: NEW YORK (CNNMoney.com) — The former president of Shell Oil, John Hofmeister, says Americans could be paying $5 for a gallon of gasoline by 2012. In an interview with Platt’s Energy [...]

The Vermilion 380 blew up today, but it looks like we may have dodged an oily bullet. Still, could it have been prevented? Well, as the title suggest, it’s very likely. Because fines are usually in the thousands to tens of thousands. So, to be fined the better part of a million dollars is patently [...]

It seems to be a question that’s popping up a lot lately, and the simple answer is: they don’t know how to stop it. Of course they have the authority. The Oil Pollution Act of 1990 gives Obama all the authority he needs to take over the spill if need be. But the government just [...]

Previous worst case scenarios estimated the spill to be pumping 2M gallons of oil a day into the gulf, but new numbers paint a much darker picture. Here’s how the two leaks shake out… Leak A: 70,000 barrels a day + Leak B: 25,000 barrels a day = 95,000 barrels a day One barrel of [...]

First it was the wishy-washiness of the civil rights act repeal and now it’s criticism of the administration being tough on BP? Watch the video… Here’s the thing…yes, accidents happen on offshore oil rigs. However, most damage is mitigated by appropriate safety measures being put in place to keep spills to a minimum. However, recent [...]

Ironically, the star of Waterworld (which I like…by the way) might be just the guy to help save the water in the Gulf of Mexico. Check out the nifty gadget he and his brother has been funding the development of (to the tune of $15M) for the past 15 years. Apparently, it can remove between [...]

A leaked document tells a sobering tale of 10x the amount we thought was escaping the ocean floor before… “The following is not public,” reads the National Oceanic and Atmospheric Administration’s Emergency Response document dated April 28. “Two additional release points were found today in the tangled riser. If the riser pipe deteriorates further, the [...]

The equivalent of 5,000 barrels of oil are being dumped into the gulf…every…single…day. Folks, we’re looking at a disaster bigger than Exxon Valdez. It’s that serious. And that could have devastating effects on our economy. From Fox News: The shrimp season begins in early May, as the shrimp move from estuaries out to sea, Long [...]

Thanks to Justin and company for welcoming me on here as a regular contributor. I will be posting on a number of issues, but one area you can expect that I will regularly be tracking is technology related developments and how they interact with the political world and policy. I also live less than ten [...]

Found this on Political Wire and it’s typical of the nonsense we heard from her during the campaign… Palin: We are the only state with a negative tax rate where we don’t have any income, sales or property tax statewide, and yes we have a share of our oil resource revenue that goes back to [...]

While attending the Offshore Technology Conference earlier this week (on sponsorship by the American Petroleum Institute), one truth became very apparent: opening up the outer continental shelf to oil and gas exploration would create a lot of jobs. Right now, our government is spending hundreds of billions in an effort to revitalize the economy, but [...]

Today at the Offshore Technology Conference (which I am at on sponsorship by the American Petroleum Institute), I attended a panel discussion titled: The Case for Access to Oil and Gas Resources on the U.S. Outer Continental Shelf. As the title and graphic to my post probably reveal, the panel was less reasonable than the [...]

From today through mid-week, I’m in Houston attending the Offshore Technology Conference. I’m here on the sponsorship of the American Petroleum Institute which has brought in a cadre of bloggers, presumably to help generate coverage and discussion of petroleum issues. Since I believe energy and climate change policy will be some of the most important [...]

Following up on my earlier post about oil speculation, there’s news that 50 million barrels of oil are being hoarded on supertankers. The market calls it “contango.” I call it irresponsible. From Marketplace… “Contango” refers to a market condition in which the future price of a commodity is higher than the cost of buying it [...]

And they find that the folks who were trying to make a quick buck were affecting oil prices far more than the normal market forces of supply and demand. Gee, that sounds oddly familiar… Last year I argued time and time again that the energy speculators were the cause and that supply and demand couldn’t [...]

I’m glad to see we learned our lesson… From CNN: After nearly a year of flagging sales, low gas prices and fat incentives are reigniting America’s taste for big vehicles. Trucks and SUVs will outsell cars in December, according to researchers at the automotive Website Edmunds.com, something that hasn’t happened since February. Meanwhile the forecast [...]