December 26, 2011

Petrol Politics: How Much Should an Oil Spill Cost?

Bryan Walsh, Time Magazine

How serious should the penalties for an oil spill be? In early November, Chevron and its drilling partner Transocean accidentally spilled some 3,000 barrels of oil into the ocean off the coast of Rio de Janeiro in Brazil. As oil spill go, it was relatively minor—although it is a sign of how hard offshore drilling is. After about a week of work, Chevron managed to stop the spill—it helped that the damaged well was only about 3,900 ft. below the surface of the ocean. (BP’s Macondo well—which  Read Full Article ››

TAGGED: oil prices, global oil market, health impact, environmental impact, oil spill, oil, Chevron, Brazil, Time Magazine


December 16, 2011
Fracking Alternative? Or Just Hot Air?
Alyssa Danigelis , Discovery News
Several states are drilling for natural gas using a controversial process called hydraulic fracturing or fracking, where chemicals and high-pressure water are used to fracture rock, releasing the gas. . . more ››
December 19, 2011
Brazil's Oil Boom Could See Its First Bust
Brad Haynes, Reuters
Brazil's huge offshore oil wealth has been called a lottery jackpot, and each of the industry's contracts is another winning ticket. But even with a lucky stub in hand, some companies risk going broke before they can claim... more ››
December 23, 2011
The EPA Finally Tackles Mercury Pollution
Bryan Walsh, Time
At the start of the fall, greens were not happy with President Obama. There was lingering disappointment about the failure of climate legislation a year beforeā€”a failure that many environmentalists blamed on insufficient action... more ››
December 13, 2011
Why 2012 Will Be a Bad Year for Renewable Energy
Bryan Walsh, Time
The eyes of the environmental community were on the South African city of Durban over the past two weeks, as diplomats from more than 190 countries met for the annual U.N. climate-change summit. The talks ran 36 hours longer... more ››
December 15, 2011
The Geopolitics of the Arctic
Scott Borgerson & Paula Dobriansky , CFR
Scott Borgerson and Paula Dobriansky discuss the economic, environmental, and security implications of a changing Arctic region and its significance for the United States. . . more ››