Is BP Doomed? Experts Predict the Oil Giant’s Future

The oil leak has stopped, but BP’s problems are just beginning. What will BP look like, this time next year? Will there even be a BP as we now know it? The answers rest on several variables; most notably continued asset sales, future litigation and/or lawsuits, and the success of efforts to restore the company’s now-tattered public image.

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Is BP Doomed? Experts Predict the Oil Giant’s Future originally appeared on DailyFinance on Thu, 29 Jul 2010 18:59:00.

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Is BP Doomed? Experts Predict the Oil Giant’s Future

All Gulf States Are Now Feeling BP’s Oil Spill

Oil from the broken well has befouled beaches and wetlands in Louisiana, Florida and Alabama over the last two months, killing wildlife and dampening the normally vibrant tourism industry.

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All Gulf States Are Now Feeling BP’s Oil Spill originally appeared on DailyFinance on Tue, 06 Jul 2010 07:24:00.

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U.S. Military Warns of Oil Shortage as Early as 2015

Oil shortage could begin as soon as 2015

A report issued by the U.S. Military warns that oil shortages could be much closer than many have anticipated. The report speculates that by 2012, surplus oil production capacity will dry up and by 2015, the world could face shortages of nearly 10 million barrels per day.

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U.S. Military Warns of Oil Shortage as Early as 2015 originally appeared on DailyFinance on Fri, 16 Apr 2010 11:30:00.

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AutoblogGreen for 04.16.10

Quick Spin: Toyota FCHV-adv tempts us with smooth driving, reminding us that hydrogen is still years away
Man it’s smooth - and very far away.
U.S. military warns of oil production shortage by 2015
But who’s going to believe them?
Pininfarina sets yearly target of 60,000 Bluecar EVs by 2016
Could be tough.
Other news:

AutoblogGreen for 04.16.10 originally appeared on Autoblog on Fri, 16 Apr 2010 05:53:00 EST. Please see our terms for use of feeds.

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Oil shortage? Sources charge U.S. influence inflates world’s supply

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Will the world soon run out of oil or are we swimming in the stuff? That debate just got a little murkier following a report in the Guardian newspaper that figures detailing how much oil the world has on tap have been distorted in deference to the United States. The report quotes a current employee and a former staffer at the International Energy Agency, an intergovernmental group that coordinates measures during oil-supply emergencies, among other tasks.

Despite forecasts that call for production to steadily rise by 2030, the world will likely instead see output decline, the U.K.-based newspaper reports, quoting an anonymous whistleblower at the IEA. The senior official claims the U.S. has been influential in encouraging the watchdog agency to play down the rate of decline from existing oil fields while over emphasizing the chances of finding new reserves, the Guardian said.

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Oil shortage? Sources charge U.S. influence inflates world’s supply originally appeared on DailyFinance on Tue, 10 Nov 2009 19:00:00 EST. Please see our terms for use of feeds.

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Hurricane Ida’s trip through Gulf of Mexico could push oil prices higher

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hurricane-idas-trip-through-gulf-could-push-oil-prices-higherIt has been months since a hurricane posed a real threat to oil rigs in the Gulf of Mexico. Now, Hurricane Ida is entering the region from the west after doing significant damage in Nicaragua.

Most hurricanes that move into the Gulf end up doing very little damage to either deep sea drilling platforms or the refineries around Houston, but traders still get nervous about the potential interruption in oil supply. According to the Financial Times, the Gulf of Mexico accounts for almost 25% of U.S. oil production.

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Hurricane Ida’s trip through Gulf of Mexico could push oil prices higher originally appeared on DailyFinance on Sun, 08 Nov 2009 10:30:00 EST. Please see our terms for use of feeds.

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