Oil Spill

July 7, 2011

Advantages and Disadvantages of Natural Gas Energy – Pros and Cons of Gas Usage

Natural Gas has got a lot of press these days as massive discoveries of natural gas reserves in shale gas formations has meant that the prices have gone down substanitally and new power plants and infrastructure is being developed to use natural gas as fuel.Even as crude oil and coal prices have gone through the roof,natural gas prices have dived.This is due to the new technology being commercialized which is allowing huge shale gas deposits to be used.This has led to forecasts that natural gas will become a more important part of the energy mix in the coming days.The falling prices of natural gas has also led to declining electricity prices in the USA where shale gas development is the most advanced.Natural Gas prices have gone down to as low as $3.5/mmbtu from $8 in 2008 and experts predict that it may go down to $2.5/mmbtu.Shale Gas has its own critics who say that the shale gas deposits are much lower than being said and they deplete much faster.Environmental concerns are also being raised about the fact that it leads to poisoning of the water supplies with France banning shale gas mining completely.Natural Gas is a byproduct of Oil Drilling and in the earlier days it used to be looked upon as an irritant and burned off.But now it is being used to generate power,in chemical and fertilizer plants and also being used in some parts of power vehicles as well.Natural Gas is also used for Heating in most western developed countries and for Cooking as well.With increasing availability it is replacing coal and oil in power plants and transport now.
April 6, 2011

Anti Environment Groups file frivolous lawsuit against Colorado 30% Renewable Portfolio Standard (RPS) by 2020

USA has been sorely lacking in the fight against Climate Change and Global Warming.Greenhouse Gas Emissions by the US has increased tremendously from 1990 the benchmark year when countries under Kyoto Protocol pledged to reduced their Carbon Emissions.However US has refused to do anything and has not even signed the Kyoto Protocol.The hopelessly rudderless leadership in the US has failed to pass any Clean Energy Laws like Cap and Trade ( not my favorite),Federal RPS etc.Some states have been showing proactive leadership like California despite massive opposition by the powerful oil and gas lobby (Valero,Koch Brothers).Their efforts are being stymied by the very rich who don't care about global warming as they can easily use their money to mitigate any affect on them and the powerful fossil fuel lobby with their thinktank puppets.
March 31, 2011

Obama's New Energy Policy – Just a lot of Empty Gas (Rhetoric)

Obama's outlined a New Energy Policy as he periodically does without any far reaching national goals on to reduce America's dependence on billions of barrels of imported oil which cause global warming,finance terrorist and prop up brutal regimes in the Middle East.However his periodic bursts of rhetoric on the US Energy Policy is nothing but a lot of empty gas without any specifics.Earlier he used to stress on nuclear energy which has been thrown out of the window with the Fukushima nuclear disaster.His plans of supporting the nuclear energy industry with $36 billion in DOE loans seems a bad if not a gruesome joke.Similarly last year his plans of allowing offshore drilling for Oil also fell flat after the massive BP Oil Spill ecological disaster.
March 28, 2011

BP Solar Panels – Why you Should Avoid Buying Them (Environment,Pricing)

British Petroleum (BP) the multi billion dollar Oil and Gas Conglomerate is a strange player in the Renewable Energy Sector of Solar Energy.BP was a dominant company amongst the top 10 global manufacturers of solar panels till a few years ago.However the lack of interest on the part of management,low investment,lack of R&D has made it a bit player in the fast growing solar panel market.Companies which did not exist till a few years ago have outpaced BP to become top solar panel producers.However BP Solar Panels continue to sell in a number of market because of existing sales relationships and brand name.However it is only uneducated and uninformed consumers who are buying BP Solar Panels in my opinion.BP Solar Panels should be avoided both from an economic point of view and from the environment perspective.
July 2, 2010

Is Shale Gas Extraction Environmentally Safe?

Shale Gas is the newest Fossil Fuel Technology which would greatly help extend the world’s fast depleting oil and gas reserves.Shale gas has boomed in the […]
June 23, 2010

Oil Industry learns nothing from the BP Environmental Disaster,Opposes California's Green Laws and Ban of Drilling

The Oil Industry which had gone on the defensive with questions being raised about their commitment towards  environment and society has learned nothing from the BP […]
June 22, 2010

Fossil Fuel Extraction continues to Directly Inflict Thousands of Human Deaths

Fossil Fuels form the main Energy source for  humanity due to their abundance,general ease of extraction and high energy density.However the Environmental costs and the Loss […]
June 20, 2010

Valero Energy positions itself strongly for a Green Future by investing in Biofuels

Valero Energy which is the US’s largest oil refiner has positioned itself strongly to take advantage of future shift in the fuel industry.The massive drop in […]
June 20, 2010

Andarko 25% owner of Deephorizon Rig tries to Shirk from Oil Spill Responsibility by putting whole Blame on BP

Andarko Petroleum  is a 25% owner of the the Deephorizon Oil Rig which exploded recently leading to a huge ecological and economic disaster in the US […]
June 15, 2010

Oil Companies try to Evade Valid Claims and Questions arising from the BP Oil Spill

Oil Companies are coming under increasing fire in the aftermath of the BP Oil Spill which has exposed a lot of skeletons in the Fossil Fuel […]
June 4, 2010

BP imploding due to Gulf Oil Spill while Obama and Oil Industry suffer collateral damage

The Gulf Oil Rig explosion has led to a virtual implosion of British Petroleum with the costs and damages mounting at an unprecedented pace for this […]
June 1, 2010

BP incompetence and deception leads to a $60 billion marketcap loss after Oil Spill

British Petroleum shares have crashed by almost 33% since the news of the Gulf Oil Spill broke out.Despite BP being a stable mega cap Energy company […]
May 30, 2010

BP's reputation plunges to a new depth as "top kill" also fails

The whole BP Oil Spill story has been one long list of failures,lies and ineptitude by all the major stakeholders involved.The Obama administration,BP and the Oil […]
May 29, 2010

BP Oil Spill – A Tale of Corruption, Lies and Deception

BP Oil Spill continues to make headlines for the horrific environmental effects it is having on US coastal states .The whole story has been one riddled […]
May 20, 2010

BP Oil Spill Finally Hits American Coast;Massive Impact on Economy and Environment Expected

Despite “numerous efforts” by BP which took a week to wake up to the scale of the disaster, the Oil Spill has finally  hit the American […]
May 10, 2010

BP Oil Spill Gives another Excuse for the US to delay the climate Bill

The US has been a laggard on the climate change mitigation compared to the progressive stances taken by Europe and Japan.Despite strong hopes raised by the […]
May 3, 2010

BP becomes "desperate" after state pressure mounts to stop the Gulf Oil spill;Flocks of lawyers descend;Human costs Mount

BP is finally waking up from its stupor and looking for help on stopping the oil spilling for its rig in the Gulf of Mexico. While […]