Oceans
A Two-Word Phrase Beginning with “Cluster” and Rhyming with “Luck”
There’s a classic military term for the series of foul-ups that led to the BP oil spill.
CONTINUE READINGThe Oceans Heat Up
Here’s the data from the latest research in Nature, courtesy of Real Climate: I’m sure that at least some economists will view this as a desirable development: soon we’re going to have our very own planetary hot tub!
CONTINUE READINGMMS needs more than a facelift
The Deepwater Horizon disaster in the Gulf of Mexico has brought new attention to the Minerals Management Service, the obscure branch of the Department of Interior responsible for overseeing offshore oil and gas production. MMS has been on the hot seat together with BP, Transocean, and Halliburton as Congressional committees and others have begun to …
Continue reading “MMS needs more than a facelift”
CONTINUE READINGBP’s Disastrous PR Blowout
[youtube=http://www.youtube.com/watch?v=EZidQAf8epE] Even Fox News is berating BP for its callous and inapt public response to the oil blowout. And for good reason. As Newsweek says: This hasn’t been a good few weeks for Tony Hayward, the chief executive officer of BP. In the weeks since the huge oil spill in the Gulf began, he has …
Continue reading “BP’s Disastrous PR Blowout”
CONTINUE READINGCosts and Benefits of Offshore Oil
In thinking about the economics of off-shore oil, the main benefit is increased energy security. According to an RFF study, Netted out, the Brown and Huntington estimates suggest that the effect of increased U.S. oil production is about $1 per barrel (or 2.4 cents per gallon of gasoline); for each barrel of increased U.S. oil …
Continue reading “Costs and Benefits of Offshore Oil”
CONTINUE READINGGulf spill estimates revised up — again
Let’s review the bidding. Since the Deepwater Horizon explosion on April 20, estimates of the volume of oil gushing into the Gulf of Mexico have gone steadily up. They began at zero, then 1000 barrels a day, then 5000 barrels (210,000 gallons), a number that has been repeated over and over in media reports. But …
Continue reading “Gulf spill estimates revised up — again”
CONTINUE READINGCongressional review begins
UPDATE: The Senate Environment and Public Works Committee is also getting in on the act this afternoon with a hearing on economic and environmental impacts of the oil spill starting at 2:30 EDT. Witnesses include representatives of the three companies, and representatives of fishing, tourism, and state interests. An environmental law perspective will be provided …
Continue reading “Congressional review begins”
CONTINUE READINGA Corporate Culture of Carelessness
Of course, if it’s true that BP is weak on accident prevention, that doesn’t necessarily mean that there were lapses in this instance or that the lapses were the cause of the blowout. But BP’s record is a reason for concern.
CONTINUE READINGHeads in sand, oil in water
Cross-posted at CPRBlog. As oil drifts on and offshore in the Gulf of Mexico, forcing the closure of wildlife refuges and more fishing grounds, Interior Secretary Ken Salazar has called a temporarily halt to new offshore drilling while his staff prepare a report on the disaster and even Republicans in Congress are calling for new …
Continue reading “Heads in sand, oil in water”
CONTINUE READINGHow Did It Happen?
An article in today’s Washington Post has some useful background on oil-well blowouts: Blowouts are infrequent, because well holes are blocked by piping and pumped-in materials like synthetic mud, cement and even sea water. The pipes are plugged with cement, so fluid and gas can’t typically push up inside the pipes. Instead, a typical blowout …
Continue reading “How Did It Happen?”
CONTINUE READINGJoin Our Mailing List
Climate policy is changing rapidly. Stay in the loop with expert analysis via email Monday - Friday.
