Ports-to-Plains Investors
Index

 

 

Newsletters

      Ports-to-Plains



 

 

 

 

 

Ports-to-Plains Alliance

Entries in BP (12)

Wednesday
Dec152010

Government Goes After BP

Yahoo/AP

It appears that 8 months after the start of the oil spill in the Gulf, the administration is going after BP. How this plays out is anyones guess. Obviously, the region, its economy and the people that live on the coast have suffered. They have lost their business, their tourism and for many, their way of life. The effects of the spill are still not fully know and it could be years before all the damage is understood.

What I want to know is what is the plan from here? Do we push ahead with drilling in the region or do we abandon it altogether? Do we try and find out what oversight was lacking and who did not meet their responsibilities or do we say the heck with it and give up?

With projects of this size and complexity, there are risks and they need to be evaluated. With oil creeping back towards $100 a barrel and the economy still teetering on a ledge, can we abandon domestic production? Do we want to run off producers and exploration outfits to other countries who would be happy to have them? Do we really want to depend even more on foreign sources of oil? I think these questions should be asked and we need to be careful how we proceed. We need to hold those who did not follow the regulations and safety guidelines responsible, but lets not destroy and industry and put our national security at risk. Lets not make the problem worse by punishing everyone in the industry for the acts of a few.

Thursday
Jun242010

Oil Companies Are Not Our Enemies

http://www.businessweek.com/magazine/content/10_27/b4185013837191.htm

With the crisis in the gulf entering it's third month, the cries of big bad oil companies need to pay is ever-present. Look, I think everyone can agree that what is happening in the gulf is tragic and that BP must step up and do everything in it's power to cap the flow and pay to get everything back to as close to normal as possible. As someone who has enjoyed the beautiful beaches of Destin and West Florida and who was married and has family in New Orleans, I absolutely demand that things get made right.

However, I am also someone who likes to look at the big picture and tries not to fall into the herd mentality. By taking a step back and looking at the big picture, I realize that the oil companies are not our enemies. Sure there seems to have been negligence on the part of the BP, Transocean and the the federal government/MMS that helped lead to this crisis. When the trials start, and you know they will, the real story will finally come out.

However we must ask ourselves 1 fundamental question. What was BP  and every other oil exploration outfit doing out there in a mile of water? The answer is they were meeting our needs and fulfilling our demands.We in the US and West in general have become accustomed to a certain lifestyle. That lifestyle was based on petroleum. My laptop, that I use to write this blog, the car that drives my family around and the plastic products that help me in my daily life. All these things came from petroleum. We need to ask ourselves, would we really want to or could we live in a world without these products? I don't know, these products are everywhere and make life safe and easy. It's not just the oil in my car, but everything else around us that supports our current existence.

To be blunt, I am sick and tired of people whining about oil and oil companies and then driving off to the airport and flying back home from whatever conference the attended. You really want to prove to me you are against oil and big bad oil companies, walk to your next conference and eliminate all products in your life that have petroleum based parts. That includes your cell phone. Do that and you will have my full attention.

Tuesday
May252010

Governor Jindal Frustrated

http://abcnews.go.com/WN/bp-oil-spill-louisiana-governor-bobby-jindal-asks/story?id=10731680&page=1

It appears that Gov. Jindal of Louisiana is running out of patience with the federal government. It has been over 30 days since the Deep Water Horizon accident and it appears that the cleanup process is not moving as fast as it could or should. I am well aware that we are talking about a deep water exercise and that many of the cures BP is pursuing have never been tried at these depths. However, the progress closer to shore seems to be stuck in the mud. It was fairly obvious that the local coastlines would be affected and that counter measures to protect them should have been rapidly put in place. Whether that is the use of dispersants, oil booms even skimmers to suck oil out of the ocean, it seems that all the plans took forever to put in place. It almost feels like Louisiana is cursed. The federal government was obviously not prepared for a major oil disaster off our coastline even though we have hundreds if not thousands of rigs in the Gulf of Mexico. In the short term, volunteers and other local authorities seem to be rolling up their sleeves to do water ever they can to keep the oil from destroying the natural habitat for so much of the state and regions wildlife and agriculture. I sure hope this "top Kill" plan BP is rolling out tomorrow works. If not we could be in for several months of drilling to secure side wells while the main well keeps on flowing.

Thursday
May202010

Gulf oil spill: same old arguments

 

Link to Complete Article

Instead of moving the debate on energy policy forward, the spill is being used to grind preexisting policy axes.

Last month's oil spill in the Gulf of Mexico has reignited the on-again, off-again public angst about our nation's energy policy — or lack thereof. Environmentalists are using the accident as a political club against expanded drilling on public lands. Republicans are using it as yet another reason why we need to do more to subsidize energy production. It is a dispiriting debate that illustrates the profound intellectual poverty animating our public conversation about energy policy.

Politicians are right to decry the environmental damage associated with the accident and to insist that the responsible parties fully compensate those harmed by the spill. But that's hardly controversial. Calls for regulatory measures to ensure that this never happens again, however, are something else.

 

 

Thursday
May202010

We Can't Stop Drilling Off America's Shores

Link to Complete Article

Despite the Deepwater Horizon incident, the offshore industry remains a safe, invaluable source for the nation's energy supply. And we need it.

Americans don't like to think much about where their gasoline comes from. They're happy when supplies are plentiful and prices are cheap. Many have painful memories of oil embargoes, gas lines and price spikes, and prefer those episodes not be repeated. Americans expect gasoline to be as reliable as electricity. ...

Despite all the advertising by "green" interest groups and adminstration rhetoric, DOE's Energy Information Agency forecasts increasing use of petroleum through at least 2030. That same forecast also assumes explosive growth in renewables, including biofuels. Our appetite for energy is voracious. As "green" as we'd like to think we are, individual consumers change their consumption habits very slowly.