Energy is essential to the way we live. Whether it is in the form of oil, gasoline or electricity, the worlds' prosperity and welfare depends on having access to reliable and secure supplies of energy at affordable prices. Improving how we acquire, produce, and consume energy is central to becoming economically and environmentally responsible and sustainable.
Saturday, July 3, 2010
The Peak Oil Crisis: The Real Gulf Crisis
At last report BP was making progress on the relief wells that are being drilled to plug the runaway well in the Gulf.
The London Times reports that BP hopes to penetrate the casing of the leaking well and start pumping in well-sealing mud in about two weeks. Let's hope something works.
In the next few weeks, or if things do not go well, perhaps months, the leaking well will be plugged, fishing hopefully will resume, the tourists will return, and the whole matter will be left to lawyers who will spend decades arguing how much New Orleans strip clubs that lost business during the oil spill should be remunerated by BP. More >>>