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Pete Smith @ January 17, 2008 # One Comment
A court in Paris has found oil giant Total responsible for the sinking of the tanker Erika. The world’s fourth-largest oil company must pay a fine of €375,000 for negligence, plus €200 million in damages.
The incident, in December 1999, caused a 20,000 tonne slick of heavy oil which polluted 250 miles of the French Atlantic [...]
Pete Smith @ December 1, 2007 # 3 Comments
The Australian reports that China is running out of fuel.
(’Chinese tiger has nothing in tank‘).
Police are guarding petrol stations in several inland provinces to prevent fights, as shortages of petrol and diesel are causing huge queues of trucks, buses and cars.
In Kunming, capital of the southwestern province of Yunnan, 1000 trucks are stranded.
A [...]
Pete Smith @ September 13, 2007 # 6 Comments
Chevron Corporation, one of the world’s leading energy companies, has launched a PR site energy discussion forum, called willyoujoinus.com.
“Energy will be one of the defining issues of this century. One thing is clear: the era of easy oil is over. So let the discussion begin. How will we meet the energy needs of the entire [...]
Pete Smith @ July 9, 2007 # 17 Comments
In an Energy and Capital article, Chris Nelder does some rough calculations to determine what oil is really costing the United States, factoring in all the externalities.
Crude Cost: $69 a Barrel
If the U.S. daily crude oil consumption, 21 million barrels, were bought at the market price (roughly $69 per barrel), it would cost the economy [...]