Posts Tagged ‘Gulf oil spill’

Just as BP has finally succeeded in capping the ruptured Macondo well in the Gulf of Mexico, Canadian pipeline giant Enbridge has sprung a leak in the Kalamazoo River in Michigan. 2010 certainly hasn’t been a banner year for the North American oil industry. The Enbridge leak in Michigan is a poignant reminder of the [...]

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It was only two years ago that King Abdullah of Saudi Arabia cautioned consumers that, without $75-per-barrel oil, there was no incentive for his kingdom to bring on new production. Today, apparently, even that price no longer works. Recently, the King announced that he has ordered a halt to all further underground oil exploration, arguing [...]

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Whether Hurricane Alex hits the Gulf oil spill or not, it’s only a matter of time before one will. Alex is, after all, only the first storm in a year the National Oceanic and Atmospheric Administration (NOAA) is predicting will be an abnormally active one for hurricanes. In case you’d forgotten, blow-outs of deep-water wells [...]

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It’s funny that it’s taken the worst ecological disaster in US history to suddenly make other forms of oil extraction and processing look green. Only months ago, the carbon trail from the massive planned expansion of tar sands production made Canada a pariah at the world environmental summit in Copenhagen. But now tar sands producers [...]

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President Obama’s recently announced moratorium on deep-water drilling in the Gulf of Mexico is effectively a freeze on growth in US oil production. And short of a huge influx of synthetic oil from tar sands, similar moratoriums around the world will have the same implications for world oil supply. The well that the Deepwater Horizon [...]

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