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Tuesday, 17 August 2010 00:00 |
By Tom Brown – Reuters
Two new scientific reports raised fresh fears on Tuesday about the environmental fallout from the world's worst offshore oil spill and questioned government assurances that most of the oil from the ruptured well in the Gulf of Mexico was already gone. In one of the reports, researchers at the University of Georgia said about three-quarters of the oil from BP's blown-out Macondo well was still lurking below the surface of the Gulf and may pose a threat to the ecosystem. Charles Hopkinson, who helped lead the investigation, said up to 79 percent of the 4.1 million barrels of oil that gushed from the broken well and were not captured directly at the wellhead remained in the Gulf.
For full article, click here. |
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Tuesday, 17 August 2010 00:00 |
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To view video, click here. |
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Monday, 16 August 2010 00:00 |
By Rick Jervis – USA Today
For Fred Dietz, recovery from Hurricane Katrina has been a slow, tough slog of rebuilding a splintered business and coaxing visitors back to his fishing lodge in Delacroix Island, a fishing village about 30 miles southeast of New Orleans. Five years since the storm, recovery was on track — until oil spilled into the Gulf. That set him back several years, says Dietz, owner of Destination Delacroix, a two-story, five-room lodge for fishermen and duck hunters. Business has dropped 60% since the start of the spill, he says.
For full story, click here. |
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Thursday, 12 August 2010 00:00 |
By Peter Coy – Bloomberg
Visit the Gulf of Mexico today and you’d hardly recognize it as the scene of what President Barack Obama called “the worst environmental disaster America has ever faced.” It’s as if scientists had conducted an insane experiment -- dumping about 4.9 million barrels of oil into the water -- and discovered its effect was in certain ways negligible.
For full story, click here. |
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Monday, 16 August 2010 00:00 |
By Ross Colvin – Reuters
President Barack Obama went swimming off the coast of Florida on Saturday and declared the Gulf area's beaches "open for business," trying to show by example that a region hit by the BP oil spill was safe for tourists to enjoy. Obama, on his fifth visit to the region since BP Plc's deep-sea well in the Gulf of Mexico ruptured in April, pledged to restore the economy and the environment in the aftermath of the world's worst offshore oil spill. "Oil is no longer flowing into the Gulf, and it has not been flowing for a month. But I'm here to tell you that our job is not finished, and we are not going anywhere until it is," he told reporters after holding talks with local business owners.
For full story, click here. |
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Monday, 16 August 2010 00:00 |
Editorial by John Mauldin – Minyanville
I was in Baton Rouge for a special seminar on the Deepwater Horizon (RIG) Gulf of Mexico oil spill. I have both good news (or maybe more like less-bad news) and bad news. Today's article is a report on what I learned. The conference was sponsored by the Global Interdependence Center (GIC). David Kotok of Cumberland Advisors organized the event with help from people from Louisiana State University. The quality of the speakers was outstanding. They were extremely knowledgeable and well-connected. The meeting was conducted under the Chatham House Rule, which means all the speakers spoke off the record, unless they indicated otherwise. This allows for a more frank discussion. So, much of what you'll read from me is my impressions of what I heard, which I cannot attribute to specific speakers. Indeed, some would be at some occupational risk if I did so.
For full editorial, click here. |
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Last Updated on Thursday, 10 February 2011 15:21 |
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Monday, 09 August 2010 00:00 |
Chicago Press Release Service
The document, written in 2000, was mentioned in Sunday’s New York Times story about the Minerals Management Service and its record of drilling oversight. The Times called the environmental assessment a “document at war with itself” that reflects the regulatory agency’s conflicting mandates: facilitating energy production and royalty collection while ensuring that offshore drilling is done safely, with proper environmental consideration and review. From one part of the document [PDF], highlighting the risks: Although the loss of well control (blowout) is not a new source of spills, the likelihood and magnitude of spills from them or from a large pipeline rupture in deep water may be very different from the likelihood and magnitude of such spills in shallow water.
For full article and links to the document, click here.
For the New York Times story, click here. |
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Last Updated on Thursday, 10 February 2011 15:03 |
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