6 lessons from the BP oil spill
Monday, July 12th, 2010What the tragedy of the BP oil spill has taught us about regulations, technology, and how our energy diet must change.
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What the tragedy of the BP oil spill has taught us about regulations, technology, and how our energy diet must change.
Saudi Arabian Oil Co., the world’s largest state-owned oil company, will supply full contractual volumes of crude to Asia for loading in August, according to refinery officials.
For years to come, the United States and the oil industry will be absorbing the lessons of the BP spill in the Gulf of Mexico. Regulators will toughen inspections. Oil companies will adopt more rigorous safeguards. New cleanup technologies will emerge from university and corporate laboratories. And spill drills could become a regular part of coastal communities’ emergency planning.
* OPEC proven oil reserves up 4 pct to 1.06 tln barrels
OPEC income from oil, gas falls 43% to $US575 billion. 7 Jul 2010 1:03 AM
Sentiment in the crude oil market has been quite pessimistic lately after some disappointing economic data fueling fear over the strength of the U.S. recovery, and signs of a possible China slowdown.
By Dian L. Chu, Economic Forecasts & Opinions Sentiment in the crude oil market has been quite pessimistic lately after some disappointing economic data fueling fear over the strength of the U.S. recovery, and signs of a possible China slowdown. This is on top of the market distress already exerted by the Europe sovereign debt and banking crisis. Oil price was down 8% for the week, with the …
Nigeria’s crude oil production tumbled 75,000 barrels to 2.01 million barrels, the first decrease since February and the largest reduction of any member of the Organisation of Petroleum Exporting Countries (OPEC), a Bloomberg survey of oil companies, producers and analysts has revealed.
Nigeria’s crude oil production tumbled 75,000 barrels to 2.01 million barrels, the first decrease since February and the largest reduction of any member of the Organisation of Petroleum Exporting Countries (OPEC), a Bloomberg survey of oil companies, producers and analysts has revealed.
Nigeria and other members of the Organisation of Petroleum Exporting Countries (OPEC) have called on the United States to reconsider a recent ban on new deepwater drilling in response to the disaster caused by a ruptured BP oil well in the Gulf of Mexico.