Monthly Archives: April 2012

BP Spill: Still Hyping After All These Years

Posted on April 21, 2012 by Steve Maley

All these years? Poetic license. It’s been two years since the disastrous explosion on the Deepwater Horizon drilling rig. Eleven rig workers were killed in a valiant but failed attempt to control BP’s Macondo well located 50 miles off the … Continue reading →

Posted in BP Spill, Energy, Environment, Louisiana | Leave a comment

Shorter Krugman: $15B Big Dig was worth it because it saved me $5 in cab fare. #rsrh

Posted on April 20, 2012 by Steve Maley

http://krugman.blogs.nytimes.com/2012/04/20/infrastructure-spending-yields-results/?smid=tw-NytimesKrugman&seid=auto “The Big Dig is often treated as a cautionary tale of delays and cost overruns, and I have no idea how the cost-benefit analysis looks in retrospect. And I’m in general skeptical about highway expansions. But there sure have … Continue reading →

Posted in Economy | Tagged | Leave a comment

One picture explains why natural gas is trading at a 10 year low price.

Posted on April 19, 2012 by Steve Maley

http://ir.eia.gov/ngs/ngs.html Natural gas storage smooths out the supply picture. Gas is not needed for space heating in summer, so excess production can be stored underground (in salt caverns or depleted reservoirs). Storage is then “drawn down” in wintertime when space … Continue reading →

Posted in Energy | 1 Comment

The polite term for this is ‘fencing’

Posted on April 19, 2012 by Steve Maley

Argentina is already looking for a buyer for the half of YPF that they just stole from Repsol. Argentina Seeks Partner for YPF to Invest $10B The Argentine government is looking to seduce major international oil companies to invest some … Continue reading →

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LA Dems Strip Obama Challenger’s Delegates on Technicality

Posted on April 16, 2012 by Steve Maley

In the March 24 presidential primary, Democratic challenger John Wolfe, Jr. scored 17,804 votes. Wolfe is a lawyer from Chattanooga, TN and a virtual unknown in Louisiana. Party rules award delegates to the national convention for any candidate whose vote … Continue reading →

Posted in Louisiana, Politics | Leave a comment

Feds say natural seep is likely source of Gulf oil sheen. #rsrh

Posted on April 15, 2012 by Steve Maley

http://fuelfix.com/blog/2012/04/13/feds-say-natural-seep-is-likely-source-of-gulf-oil-sheen/ Naturally seeping oil from the seafloor is the likely culprit behind a 10-mile sheen discovered in the central Gulf of Mexico earlier this week, federal officials said Friday. The Interior Department’s Bureau of Safety and Environmental Enforcement said in … Continue reading →

Posted in Energy, Environment | Leave a comment

A Little Perspective, Please.

Posted on April 14, 2012 by Steve Maley

Exxon’s top exec got a 17pct. pay raise in 2011 Exxon Mobil gave its top executive a 17 percent increase in compensation last year, as the oil giant posted one of its most profitable years on record. Rex Tillerson, 60, … Continue reading →

Posted in Economy, Energy | 2 Comments

WSJ: New Life for the Gulf’s ‘Dead Sea’. #rsrh | But the rigs in the pic are stacked…

Posted on April 10, 2012 by Steve Maley

…”stacked” as in “not currently working”. http://online.wsj.com/article/SB10001424052702304072004577326284166231336.html Link may require subscription/prescription.

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Why Obama deserves little credit for U.S. oil and gas boom. #rsrh

Posted on April 9, 2012 by Steve Maley

Energy Fact of the Week: Why Obama deserves little credit for U.S. oil and gas boom From Steven F. Hayward at the American Enterprise Institute Oil: Gas:

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Taunting

Posted on April 7, 2012 by Steve Maley

http://v.tumblr.com/tumblr_m2333djd0n1qab97k_r1.mov

Posted in Uncategorized | Leave a comment