Posts Tagged ‘Gulf of Mexico’

Fossil Fuel Madness

May 22, 2010

Ron Jones ruminates on our dependence on fossil fuels–with coal mine tragedies and the ongoing disaster in the Gulf of Mexico–in his blog post “Hostage Situation“.  A sobering look at how we continue to threaten ourselves with a poor energy policy.

Underwater Oil Plumes–Gulf Spill May Be Worse than Previously Thought

May 15, 2010

From the NY Times:

“Scientists are finding enormous oil plumes in the deep waters of the Gulf of Mexico, including one as large as 10 miles long, 3 miles wide and 300 feet thick in spots. The discovery is fresh evidence that the leak from the broken undersea well could be substantially worse than estimates that the government and BP have given.”

Under the the Oil Pollution Act of 1990 (OPA), BP’s liability from the spill is limited to $75 million dollars.  The trust fund established under the OPA will cover the rest–until it’s depleted.  Then I wonder who picks up the tab?

Drill baby drill? It’s not a free pass.

May 2, 2010

Like the mythical “clean coal“, drilling our way to salvation is not without its downsides.  The AP reports the oil spill in the Gulf continues to grow, it will soon hit Florida.  It already covers an area the size of Puerto Rico.

The Boston Globe has some interesting photos from the spill.

Headline: Higher Oil Prices Raise Profits for Exxon and ConocoPhillips

May 1, 2010

The New York Times picked up a Reuters story indicating, guess what that will oil prices back up to near $80/barrel for the first quarter, oil companies profits are up.  And with energy analysts expecting oil prices to go higher, we can expect oil company profits to climb.

It would be much better to see headlines like “Higher Oil Prices Mean Bigger Savings for Home-Owners Who’ve Improved Efficiency”.   Prices will rise.  But there’s no need to wait to start saving.  Save now, save more later!

Here’s hoping Home Star will help spur things along.  The more we spend on energy-efficiency, the more we save.  The more we spend on oil…the more we spend.  And we’re not just paying for the oil.  Our tax dollars are paying for containment with the massive oil spill in the Gulf.  Our tax dollars will pay for cleanup there.  And we’ll pay higher food prices as Gulf fisheries are devastated.  Some day, we’ll pay for the effects of the pollution from oil we toss out into the atmosphere.  

We’ll always need energy–but less is more.  Invest in energy-efficiency and save.  Or spend for energy now, and spend again for energy later, and keep on spending.

Thanks,
Mike


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