Oil Spill Politics and the US Energy Policy

...and the political posturing and spinning begins. The majority of primaries and gubernatorial races are still ahead of us. See the schedule here for each state: http://bit.ly/dy2Avp For one, I'm disappointed with the administration's slow response to this crisis. I'm surprised that Obama issued a statement last Friday still supporting the expansion of offshore oil and gas production in US waters, but I agree. I'm not surprised there was not a chorus of Democrats jumping on this statement. Here's a nice technical blow-by-blow of the Deepwater Horizon explosion by one of the workers on the rig: Welcome to the World of Deep-water Risk As I've said before, this accident is Mother Nature's wake-up call to everyone. Deep-water … [Read more...]

another blow to the New Orleans economy

Earth Day 2010 ironically kicked off with a blazing bonfire at the Deepwater Horizon drilling rig, 66km off the Louisiana coastline. The rig was contracted to a BP plc unit (who faces the brunt of bad PR), but it was owned and operated by Transocean Ltd, the world’s biggest offshore drilling contractor. After the initial explosion the platform burned for two days, then it sank into the Gulf of Mexico. WattsUpWithThat explains the drilling technology and below is a graphic from the Times-Picayune showing how difficult it is to shut off the leak. Images, like the one above, can be found on the boston.com site. Full-scale investigations are under way to determine the cause of this accident, with all parties using the event to advance their … [Read more...]