Tag: Oil Posts

The BP Oil Spill


As we all know, oil has been gushing out into the Gulf of Mexico now since April 20th, nearly six weeks now. It’s an unprecedented environmental disaster that will damage the economies of many of the communities along the affected shorelines, and also impact the wildlife in those areas. 11 people lost their lives in the original explosion, and I can’t even fathom how many birds and fish have probably died as well. This is an accident that many people believe should not have happened. In an ideal world, there would have been multiple blowout preventers and a chain of quick-to-implement disaster recovery schemes that could have patched the well up in short order. Unfortunately, we don’t live in an ideal world, as evidenced by the explosion of the Space Shuttle Challenger, the self destruction of the Tacoma Narrows Bridge, and the collapse of the World Trade Centre buildings, despite […]

The Decline Of Oil


I was just sitting here, watching a bit of Lost on the DVD player and also doing a bit of research. Like most evenings, I usually wind down my evening by reading about the state of the world, or sometimes about the latest technology. I came across this interesting article about how the US Navy is toying with the idea of turning seawater into Jet Fuel. The reason they are considering this is because the United State’s oil production is on the downward slide. In fact, the United States reached peak oil production sometime in the 1970s I believe. Of the 30 or so countries that produce significant quantities of oil, approximately 20 of them have reached peak oil, and are now declining. What that means is that sometime soon (probably within 10 or 20 years), the world’s global oil product will peak, and begin declining. If our current energy […]