OK, this week is turning into a tar sands one. The Koch brothers may be keen on cooking the climate by investing in the tar sands, but the EU is one place they may not be able to sell their dirty oil. There is one hell of a diplomatic spat going on behind the scenes … Read More
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Koching up the Tar Sands
This is not looking so good. Firstly you have the multi-billionaire Koch Brothers, darlings of the Tea Party, who are the current cash providers for climate change denial industry. And then you have the dirty Albertan tar sands where the oil is so much more carbon intensive to extract that it will help cook the … Read More
Safety of Blow-Out Preventers “Just Hot Air”
One of the final puzzles of the Deepwater Horizon disaster has been solved. It is a mystery no more. A question that continues to haunt many in BP and in the oil industry is why did the supposed fail-safe mechanism to prevent a blowout, called the blowout preventer (BOP), actually fail. And fail so spectacularly. … Read More
UK Gov Drops Consumer Levy on CCS
If we are going to carry on burning fossil fuels, then either the climate will slowly fry, or we have to find a way to stop carbon dioxide frying the climate. One way is to bury it. One of the most controversial techniques is Carbon, Capture and Storage, where the CO2 will be captured and … Read More
Two Disasters, One Conflict, One Bad Result
Two years ago the oil price hit the floor at $33 a barrel. Today, on the back of the Libyan conflict, the price for Brent Crude is $116 a barrel. Two years ago, development of the Canadian tar sands was stalling with many projects being put on hold. According to the International Energy Agency, the … Read More
Over 20% of Nuke Reactors on Fault Lines
For the last two decades the nuclear industry has undertaken one of the most sophisticated public relations exercises in order to try and show the world that the technology is safe, secure, clean and green. They have very nearly succeeded. We are on the cusp of a nuclear revival, driven largely because of climate change. … Read More
“The chain is as strong as the weakest link”
The unfolding nuclear emergency in Japan once again highlights the vulnerability of our centralised energy infrastructure to major disasters or even a potential terrorist attack. At the moment all efforts must go to containing and controlling the nuclear disaster at Japan’s Fukushima plant. When this is done, at some time serious questions need to be … Read More
Libyan Rebels Threaten to Deny Oil to Dithering Nations
As the West dithers and dallies over whether to support the Libyan rebels, Gaddafi’s forces are rapidly gaining momentum across the country. This morning the dictator’s troops seemed to have taken the town of Brega after seizing control of the strategic oil town of Ras Lanuf on Saturday. They now look like they will regroup … Read More
OPEC’s “Fictional” Comfort Blanket
Many people are now getting jittery about Saudi Arabia. Protesters in the Kingdom have called for a “day of rage” his Friday to show their dissatisfaction with King Abdullah’s regime. Meanwhile the King has tried to head off serious unrest in the country by pledging to boost spending on housing, social welfare and education. And … Read More
“An oilquake that shakes our world to its core”
The press reports this morning that members of Opec have joined Saudi Arabia in boosting oil output to make up the fall in output from Libya. The countries concerned – Kuwait, UAE and Nigeria – have all promised to boost production. In many ways you could argue that OPEC’s gamble is trying to delay the … Read More