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It’s the sort of news that would spoil an oil executive’s breakfast. Last night the Guardian reported that a cache of WikiLeaks cables from American diplomats in Saudi Arabia indicated that the Mideast country’s oil reserves could be overstated by as much as 40%. If true, that would have major implications for oil prices because [...]
My time.com piece on the Gulf oil spill report—and the impact it will have on the deepwater drilling industry—is up on the main page. Check it out here.
The National Commission of the BP Deepwater Horizon Oil Spill and Offshore Drilling released its final report this morning. (I know—you were watching the Verizon iPhone launch.) We’ll have a story up soon on the mainpage about the report and the impact it may have on the offshore drilling industry—I’m guessing not that much—I wanted [...]
The White House announced today that all new deepwater drilling will require environmental reviews. What’s that you say? You assume an activity as transparently fraught with danger and risk as deepwater oil and natural gas drilling, one where human or mechanical errors can lead to major environmental damage, that an activity like that would already [...]
