Saturday, August 21, 2010

Oil in Gulf VERY RESISTANT to further biodegradation -- Full toxic form for decades

Gulf Oil Spill and Seafood Safety Government Panel, House Committee Energy & Commerce, Energy and Environment, August 19, 2010:

Lisa Suatoni, Senior Scientist Natural Resources Defense Council, Oceans Program.

Ian McDonald, Professor Florida State University.

Friday, August 20, 2010

BP Oil spill update with Captain Kelly Sweeney


Capt. Kelly Sweeney shared an update on the BP oil spill. After the relief well is completed, the Deepwater Horizon oil rig is going to be brought back up from the ocean bottom and be used as evidence in a criminal investigation, he reported. In talking about other maritime issues, he noted that the ice melt in the Arctic is leading to more ship traffic in the waters above Canada and Russia, and possible new oil drilling there.
Captain Kelly Sweeney Biography:
Captain Kelly Sweeney is a Master Mariner, holding the highest Captain's license the Coast Guard issues to commercial mariners. He graduated from the California Maritime Academy in 1983 with a Bachelor of Science degree in Nautical Industrial Technology. Captain Sweeney has worked on oil tankers, container ships, oceanographic ships, high-speed passenger vessels, large oil spill response vessels, fish processing ships, ocean-going tugboats, a car carrier, and a crew boat. He continues to go to sea for a living.

In addition to his career as a mariner, Captain Sweeney is also an experienced professional writer. He is a columnist for the widely circulated magazine "Professional Mariner," and is the author of the book From The Bridge.

With his wife, Frances, Captain Sweeney also operates Maritime Headhunters, a job placement and maritime career counseling company - and encourages interested Coast to Coast AM listeners to contact him there."

Thursday, August 19, 2010

Wednesday, August 18, 2010

Researchers: 80 Percent of Oil Remains in Gulf

AssociatedPress--August 17, 2010--Researchers say as much as 80 percent of the oil from the spill remains in the Gulf. They warn that the Gulf of Mexico oil spill is a bigger mess than the government claims and that a lot of crude is lurking deep below the surface.

Saturday, August 14, 2010

Philip Weiss of Argus Discusses BP Oil Spill Costs

Aug. 13 (Bloomberg) -- Philip Weiss, an analyst at Argus Research, talks with Bloomberg's Julie Hyman about BP Plc's oil spill in Gulf of Mexico and the potential costs to the company. (This is an excerpt of the full interview. Source: Bloomberg)

Friday, August 13, 2010

US fishermen struggle amid oil clean up

The US government's point man on the Gulf oil spill says BP's blown-out well is not securely plugged to his satisfaction and that the drilling of the relief well must go ahead.

Retired Coast Guard Admiral Thad Allen has said that although no oil is flowing from the well, the "bottom kill" operation must be completed.

It was suspended earlier this week because of bad weather and could take four days to retstart.

The government estimates that the broken well leaked close to five million barrels of oil before it was capped and sealed.

And last week, it released a report stating only a quarter of that oil remains on, or underneath the water.

But in the fishing town of Lafitte, Louisiana, many people who depend on the Gulf waters for their living are questioning the government's claims.

Al Jazeera's Cath Turner reports.

Thursday, August 12, 2010

Norwegians Doubt Country Prepared for Life After Oil

Aug. 12 (Bloomberg) -- Bloomberg's David Tweed reports from Oslo on Norway's preparations for a decline in oil revenue. The Norwegian capital is Tweed's fourth stop on a train journey around Europe to survey the region's economy.

Simon Wardell Sees Weaker Oil Market Over Next Two Years

Aug. 11 (Bloomberg) -- Simon Wardell, energy research manager at IHS Global Insight, talks about the outlook for oil prices and demand after the International Energy Agency's monthly report cited “significant downside risks” to consumption. He speaks with Andrea Catherwood on Bloomberg Television's "The Pulse."

Chevron and The Amazon oil spill

Chevron faces $27 billion lawsuit in Ecuador

Wednesday, August 11, 2010

Pakistan floods threaten oil crisis

Fuel shortages have been reported in Pakistan's biggest oil refinery as the threats from floods prompted its closure.

The refinery is situated in the Muzaffar-garh town in the Punjab province, where long queues are forming at the filling stations amidst fears of a potential fuel crisis.

Aljazeera's Kamal Haydar reports on the impact of the floods on families of Muzaffar-garh town.

Tuesday, August 10, 2010

Saturday, August 7, 2010

A BP Crime Scene?

Oil spill investigators eye items at the bottom of sea

How To Buy Oil Futures

NEW YORK (TheStreet) -- Dan Dicker, senior contributor for TheStreet, breaks down how to buy oil futures.

Thursday, August 5, 2010

BP Finishes Pumping Cement Into Blown-Out Well

BP says engineers have finished plugging the blown-out well with cement in their effort to permanently seal it. The company won't comment on the possibility of drilling in the same block of sea floor someday. (Aug. 5)

BP Pumps Cement to Kill Gulf Well

Engineers hope to finish 'static kill' of busted oil well

Wednesday, August 4, 2010

Browner: Vast Majority of Oil Gone From Gulf

Aug. 4 (Bloomberg) -- The "vast majority" of crude from BP Plc's damaged Gulf of Mexico well is gone and the rest is being broken down by waves and bacteria, reducing the threat of further pollution from the largest maritime oil spill, White House energy adviser Carol Browner said on NBC's "Today" show this morning. Bloomberg's Adam Johnson reports. (Source: Bloomberg)

BP Says Static Kill Procedure a Success

BP Says 'Static Kill' Procedure a Success
Blown-out well reportedly in 'static condition' while U.S. government claims 75 percent of oil has been cleaned up

Tuesday, August 3, 2010

OIL & GAS MARKET