Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts

Sunday, May 9, 2010

Exxon, Redeem Thyself

Jad Mouawad
NYT 05.08.2010
:
The oil industry is inherently more dangerous than many other industries, and oil companies, including BP, strive to reduce accidents and improve safety. But BP, the nation’s biggest oil and gas producer, has a worse health, environment and safety record than many other major oil companies... The industry standard for safety, analysts say, is set by Exxon Mobil, which displays an obsessive attention to detail... Analysts credit that focus, in part, to the aftermath of the 1989 Exxon Valdez grounding, which spilled 11 million gallons of crude oil into Prince William Sound in Alaska. “Whatever you think of them, Exxon is now the safest oil company there is,” said Amy Myers Jaffe, an energy expert at Rice University.

Wednesday, May 5, 2010

Deepwater Horizon

Wikipedia:
An explosion on the Deepwater Horizon offshore drilling rig, operating in the Gulf of Mexico off the coast of Louisiana, on April 20, 2010, resulted in a fire that sank the rig and caused a massive-scale oil spill. Eleven rig workers are currently missing and presumed dead, the explosion also injured 17 others. The oil spill covers a surface area of at least 2,500 square miles (6,500 km2) according to estimates reported on May 3, 2010 by CNBC. The oil spill, originating from a deepwater oil well 5,000 feet (1,500 m) below sea level, is currently discharging an estimated 5–25 thousand barrels (210,000–1,100,000 US gallons; 790,000–4,000,000 litres) of crude oil daily. The spill is expected to eclipse the 1989 Exxon Valdez oil spill as the worst US oil disaster in history.

Monday, May 3, 2010

Sudan's Resource Curse

NYT 5.3.2010
One year after the International Criminal Court accused Sudan's president, Omar Hassan al-Bashir, of war crimes for the genocidal rampage in Darfur, he was re-elected in a blatantly manipulated election.  Mr. Bashir has no legitimacy and he must stand trial for his crimes. But those facts must not divert the world's attention from another potential crisis: the very real danger of renewed civil war between Arab Muslim northern Sudan and the south, which is largely Christian and animist. The last conflict — from 1983 to 2005 — left about two million people dead.  Under a United States-backed peace agreement, the semi-autonomous southern region will hold a referendum in January to decide its future. Voters are expected to choose independence. Leaders in both the north and the south pledged to respect the results. But there is so much oil involved that they can't be depended on to keep their word — without strong encouragement from the United States and other major players.