…by Andy Swan.
I wish this guy, was running for president.
Also, check out InnoCentive. They had 908 ideas, to plugging the gusher – and BP said, “no thanks”.
Archive for June, 2010
Idea Worth Spreading #909 to clean up BP Oil spill
Sunday, June 27th, 20102009: The Year China Passed America in Energy Consumption
Tuesday, June 15th, 2010Well, almost.
According to the BP Statistical Review, in 2009 China consumed 2177 Million Barrels of Oil Equivalent, while the USA burned 2182. Rounded to the third significant figure, those two numbers are equal.
China is growing. I’m sure the monthly data, if it existed, would have shown China passing USA.
Year Over Year Change In Energy Consumption
Voluntary Carbon Markets: “Size of a Mouse…Roar of a Lion”
Tuesday, June 15th, 2010According to a pretty interesting report, released on June 14th, written as a collective by several industry participants…the voluntary carbon trading market, is making an impact, despite shrinking in 2009.
Below is a graph, from the report, of the transaction volume.
Voluntary Carbon Transactions
Although I’m slightly torn, as I’m new to the discussion, I am a supporter of these transactions…I see great innovation coming from the price discovery they will hopefully drive.
I hope we see record volumes in 2010. It’s motivating.
Oil Pool Size By Discovery Year And Alberta Production
Monday, June 7th, 2010
Elasticity is a fickle, causal, mother dog.
Just one highlight from the oustanding report released today by the ERCB…below is another.
Oil pool size by discovery year
“The U.S. is the least dirty shirt”
Sunday, June 6th, 2010392.39 ppm
Saturday, June 5th, 2010…of CO2 in our atmosphere…as of April.
389.46 ppm as of April 2009.
387.18 ppm as of April 2008.
What are we going to do?
BP Bond Investors Getting Spooked
Wednesday, June 2nd, 2010BP’s bond investors are getting a little spooked.
BP Bonds - Click to Enlarge
Lessons to be learned here, forsure.
Make no mistake, each joule we burn, is cheaper than the next.
So this in the context of EROEI, is this the form a write-down takes? Penalty to share holders. Penalty to bond holders. Penalty to the environment. Drives up the cost of capital, taxes, fines, and overhead…leading to, climbing energy prices.
No position. Unless you count being employed in the energy industry.