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5 posts tagged with oil by samelborp.
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Billionaires

"Richard Rainwater made billions by knowing how to profit from a crisis. Now he foresees the biggest one yet". Rainwater discovers peak oil and wants to profit from it. Among other things, "he's thinking about opening a for-profit survivability center". Admittedly, his peak oil obsession goes beyond profiting:
But there may be something more important than making money. This is the first scenario I've seen where I question the survivability of mankind. I don't want the world to wake up one day and say, 'How come some doofus billionaire in Texas made all this money by being aware of this, and why didn't someone tell us?'

posted by samelborp on Dec 13, 2005 - 20 comments

Oily musings

Peak Oil? Include Me Out, is one of the best reads about the whole issue of peak oil. Its author, Mick Winter "is a former Y2K community activist who currently suffers from chronic déjà vu and still hasn't figured out what to do about Peak Oil." I am a peaknik and I can tell you this is a good read, no matter your stance on peak oil! (psssst, if you are already a peaknik, or just curious, Winter maintains a good a peak oil metadirectory. )
posted by samelborp on Oct 18, 2004 - 41 comments

Forecast of Rising Oil Demand Challenges Tired Saudi Fields

Saudi Arabia, the leading exporter for three decades, is not running out of oil. Industry officials are finding, however, that it is becoming more difficult or expensive to extract it (weblog safe NYT link). A very readable article that, without even mentioning it, does a good job of explaining what is "the peak of oil". Cornucopians, that should sent shivers down your spine!
posted by samelborp on Feb 24, 2004 - 59 comments

It's the energy stupid!

U.S. Energy Scenarios for the 21st Century. There are three for you to choose: Awash in Oil and Gas, Technology Triumphs or Turbulent World.
posted by samelborp on Jul 30, 2003 - 4 comments

Sticky Prestige

Photos and more photos from the Nautile’s firsts dives to the Prestige wreck, a single-hulled tanker that broke in two while it was towed to open sea after the discovery of a breach in its hull.

It has been an ecologic and economic disaster for Galicia, Spanish’ northwest coastal region famous for its seafood. But it also has been a political scandal for the PP (Partido Popular), in the government both in Galicia’s autonomic parliament and in the central government, because of its late response and efforts to hide the catastrophe manipulating the public broadcast system (and the friendly private networks). Too little, too late, Jose Maria Aznar.

While politicians throw shit to each other, a quarter of the 20.5 million gallons of fuel oil already spilled are now spreading through the coastline covering everything with what locals call “chapapote”, a sticky mix of sea water, fuel oil and sand. The Prestige sits now at 3.500 meters of depth, slowly leaking fuel oil to the surface. The Nautile, one of the few mini submarine that has been used to record and take pictures from the Titanic wreck, it’s being hired by the Spanish government to asses the situation (Spanish language link) and try to stop the leakage.

Popular action in the form of a white tide of volunteers has been phenomenal, forcing the government to act and assume responsibilities. But the issue at hand is much larger: will the European Union effectively ban single-hulled tankers? Why the rules that govern the seas permit flag of convenience ships that can elude so easily its responsibility?

See more images (slideshow).
posted by samelborp on Dec 19, 2002 - 12 comments

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