Oil Slick Stuff

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WOOHOO!!!

Go Go GO Oil!!!!

More money for oil, more money to the oil producing countries, more money to those that support those that hate us... gotta love it :mad:
 
Locally gasoline jumped a dime last night.

Now posted at $4.15 a gallon for regular.

Thank goodness I burn ethanol instead- but at $3.49 that still isn't a great deal.

Should help Malibu ECO hybred sales to take off....
 
Looks like Shell failed EPA testing requirements and will have to wait until next year.

Shell postpones plans to start Arctic drilling until next year
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Source: Guardian

Shell has abandoned controversial plans to start drilling for oil in the Arctic this year after a final test of its environmental protection equipment failed to meet the standards required to gain a full drilling permit.

The oil and gas group said a new type of "containment dome" – designed for use in the event of a leaking wellhead – had been damaged during testing.

"During a final test, the containment dome aboard the Arctic Challenger barge was damaged," Shell told investors in an update on Monday morning. "It is clear that some days will be required to repair and fully assess dome readiness."

As a result Shell has been unable to secure a permit to undertake full drilling operations and will have to wait at least until after the Arctic winter to resume its efforts.
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Read more: Shell postpones plans to start Arctic drilling until next year | Business | guardian.co.uk




 
James48843 said:
Looks like Shell failed EPA testing requirements and will have to wait until next year.


Read more: Shell postpones plans to start Arctic drilling until next year | Business | guardian.co.uk
Click to expand...


thanks for that uplifting article. it's reassuring to see that the petroleum industry is using caution and prudence in setting realistic timetables while safely exploring and fully utilizing our nation's vast resource potential to provide indepenence and energy security right here at home.
 
Bacteria Removed At Least 200,000 Tons of O&G Following Macondo
by Karen Boman
|
Rigzone Staff
|
Friday, September 14, 2012
Naturally-occurred bacteria in the U.S. Gulf of Mexico consumed and removed in the five months following the Macondo oil spill at least 200,000 tons of oil and natural gas that was dispersed into the deepwater Gulf from Macondo, according to researchers at the University of Rochester and Texas A&M University.
The study results, published this week in Environmental Science and Technology, include the first measurements of how the rate at which the bacteria ate the oil and gas changed as Macondo progressed - information that is fundamental to understanding both this spill and predicting the behavior of future spills.
"A significant amount of the oil and gas that was released was retained within the ocean water more than one-half mile below the sea surface," said John Kessler, a co-author of the study and associate professor of the University of Rochester's Department of Earth and Environmental Sciences, in a statement.
"It appears that the hydrocarbon-eating bacteria did a good job of removing the majority of the material that was retained in these layers," Kessler said.
Kessler and graduate research assistant Mengran Du at Texas A&M analyzed over 1,300 profiles of oxygen dissolved in the Gulf of Mexico water spanning a period of four months and covering nearly 30,000 square miles.
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RIGZONE - Bacteria Removed At Least 200,000 Tons of O&G Following Macondo
 
Fed Stimulus Sends Crude to Four-Month High:suspicious:
by Dow Jones Newswires
|
Dan Strumpf
|
Friday, September 14, 2012
Oil futures climbed to a four-month high Friday and briefly topped $100 a barrel in the wake of the Federal Reserve's latest plan to boost the U.S. economy through bond purchases.
The Fed's announcement Thursday sent the dollar sliding against other major currencies for a second straight session, boosting the price of dollar-denominated commodities such as crude oil.
Although many traders had expected the Fed to act Thursday, the open-ended nature of the stimulus program took many market participants by surprise, prompting additional buying.
"The Fed has always given an exit strategy on this policy," said Phil Flynn, analyst at Price Futures Group, a commodities brokerage in Chicago. "Now there is no exit strategy."
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RIGZONE - Fed Stimulus Sends Crude to Four-Month High
 
[TABLE="class: tablewrapper"]
[TR]
[TD="class: econo-reportname, colspan: 2"]EIA Petroleum Status Report
[/TD]
[/TR]
[TR]
[TD="colspan: 2"]

[TABLE="class: actual_consensus_box"]
[TR="class: actual_consensus_toprow"]
[TD]		Prior
Actual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"]Released On 9/19/2012 10:30:00 AM For wk9/14, 2012
[/TD]

[TD="class: actual_consensus_box_numbers"]2.0 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] 8.5 M barrels
[/TD]

[TD="class: actual_consensus_box_numbers"]-1.2 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] -1.4 M barrels
[/TD]

[TD="class: actual_consensus_box_numbers"]1.5 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] -0.3 M barrels
[/TD]
[/TD]
[/TR]
[/TABLE]
Economic Calendar - Bloomberg
[/TD]
[/TR]
[/TABLE]
 
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