Oil Slick Stuff

Sort by newest Sort by date
I know this will surely effect the cost of groceries and probably the cost of E85 and E10 Moonshine Mix.:nuts:
July 11, 2012, 1:51 p.m. EDT
[h=1]Corn gives up gains after poor harvest forecast[/h]
By Taylor Thomas, MarketWatch
CHICAGO (MarketWatch) — Corn futures turned lower Wednesday, giving up a 4% gain that had extended the past months’ steep rise, after the U.S. Department of Agriculture said recent hot weather would likely slash this year’s corn harvest.
The USDA report, released early Wednesday, detailed a 12% reduction in acreage yield, on what had been a record-breaking planting for corn this spring. The yield estimate dropped 20 bushels an acre to 146 bushels. The USDA attributed the loss in the yield estimate to “persistent and extreme June dryness,” and “extreme late June and early July heat.”
Click to expand...
Corn gives up gains after poor harvest forecast - Market Extra - MarketWatch
 
Shell Drill Ship Runs Aground in Unalaska

By Lauren Rosenthal and Stephanie Joyce

Saturday, July 14 2012
NobleDiscoverer_KristjanLaxfoss_thumbnail.jpeg

Photo courtesy of Kristjan Laxfoss
Shell Oil has run into a number of problems with its Arctic drilling plans over the last few days. The Coast Guard refused to certify its oil spill containment barge as it stands, the EPA is reviewing the Noble Discoverer drill rig's air permits -- and now, there may be damage to the rig itself.
The Noble Discoverer appears to have run aground in Unalaska on Saturday afternoon.
Despite rain and 35-knot winds, more than a dozen residents came to Airport Beach to watch the Shell's contract tugboat Lauren Foss straining to pull the rig back out to sea.


Longshoreman David Howard was one of the onlookers. Howard says he noticed something wrong with the 500-foot rig earlier in the afternoon.
“I’m just like anybody else driving by, you see it getting closer and closer, you know it’s dragging anchor and that they probably ought to get a tug on it.”
Click to expand...
That rig sent to go drill in northern Alaska waters ran aground.

More:
Shell Drill Ship Runs Aground in Unalaska
 
I LIKE THIS ONE!!:D
Abu Dhabi Bypasses Hormuz Strait in Exporting First Pipeline Oil


By Anthony DiPaola and Ayesha Daya - Jul 15, 2012 4:00 PM ET
Abu Dhabi started exporting its first crude from a pipeline that bypasses the Strait of Hormuz, shipping the fuel to a refinery in Pakistan.
The pipeline, stretching from Abu Dhabi to the neighboring sheikhdom of Fujairah on the Gulf of Oman, was loading the first shipment of 500,000 barrels to the Pakistani plant, Mohamed Bin Dhaen Al-Hamli, oil minister for the United Arab Emirates, said yesterday at a ceremony to inaugurate the network. International Petroleum Investment Co. spent $4.2 billion building the 423- kilometer (263-mile) link, Khadem Al-Qubaisi, managing director of the Abu Dhabi-run fund known as IPIC, said at the ceremony in Fujairah.
Abu Dhabi, the U.A.E.’s capital and holder of more than 90 percent of its oil, built the link as an export route for crude that avoids Hormuz at the mouth of the Persian Gulf. Iran has threatened to block the strait, a chokepoint for tankers carrying a fifth of the world’s traded oil, in retaliation for sanctions targeting the country’s nuclear program.
Abu Dhabi Bypasses Hormuz Strait in Exporting First Pipeline Oil - Bloomberg
 
You must log in or register to reply here.
Back
Top