Industry Image is Battered by Ike
Sun, 09/14/2008 - 07:34 — admin
The oil and gas industry's already bad public persona is taking another hit. This time courtesy of Hurricane Ike.
The widespread gasoline price jumps that occurred ahead of the storm surge have further diminished the industry's image. Gasoline prices rose to $5.49/gallon in Tallahassee, FL and $4.99/gallon in Knoxville, TN. The Knoxville price of regular gasoline was $3.66/gallon on Friday.
- 3 comments
- Feed: PetroStrategies - Oil & Gas Blog
- Original article
- Read more
Hurricane Ike Brings High Water, Winds and Prices
Sat, 09/13/2008 - 06:46 — admin
As Hurricane Ike batters the Texas and Louisiana Coast, motorists around the country begin to feel its effects. Gasoline prices have risen significantly in the last two days and more increases are on the way.
According to the Energy Information Administration:
- Nearly 1.3 million barrels per day (or about 95%) of the federal portion of the Gulf of Mexico’s crude oil production was shut-in.
Sex, Drugs and Oil?
Thu, 09/11/2008 - 10:37 — admin
Well the oil and gas industry is finally sexy! Unfortunately, it’s the sleazy variety that mixes sex for government deals.
The Interior Department revealed that “more than a dozen employees accepted gifts including ski trips, sports tickets and golf outings.” The investigators also “discovered a culture of substance abuse and promiscuity.”
Offshore Drilling Jobs - How To Get Hired Without Drilling Experience
Wed, 09/10/2008 - 07:50 — admin
So, you want to work an offshore drilling job. Do you know which companies are involved in offshore oil drilling? Besides the super-big players like Esso, BP, Shell, etc. Did you know that these big boys do not always do their own drilling? Quite often nowadays, they are forced to subcontract some of the work to smaller players.
Offshore Oil Rig Jobs - The New Hot Job For This Decade
Wed, 09/10/2008 - 07:44 — admin
Offshore oil rig jobs are the hot new jobs for this coming decade, bumping IT and finance from their perch. These are some of the jobs in the upstream oil industry, where you look for oil and drill for it. Then there is the midstream, where you refine and transport the oil.
What is Energy Independence?
Thu, 09/04/2008 - 09:32 — admin
Over the next two months we will see the topic of energy independence discussed and dissected by candidates and commentators. In order to achieve a goal of energy independence, Americans and candidates first need to understand what the goal really means.
Where’s the Oil and Gas?
Thu, 08/14/2008 - 09:01 — admin
With all of the discussion on offshore drilling, I thought it might be useful to examine where we might expect future domestic supplies to come from.
According to assumptions for the Energy Information Administration’s Annual Energy Outlook 2008, the U.S. has 165.67 billion barrels of technically recoverable oil and 1,364.61 trillion feet of technically recoverable natural gas. These estimates do not include areas where drilling is officially prohibited. The offshore component of these resources is 24.6% of oil and 15.7% of natural gas.
First Plug the Hole in the Bucket - Guest Post
Thu, 08/14/2008 - 07:42 — admin
It goes without saying that petro-chemicals have satisfied a wide spectrum of our needs and wants - from fertilizers to industrial chemicals to energy for transportation and electric power. It has fueled the green revolution in agriculture and is a vital part of what has made the globalized economy possible. But this has not come without cost and risk. In addition to the cost of production, there is the cost to the environment during extraction transportation, use and disposal.
Taking the Point on Renewable Energy
Fri, 08/08/2008 - 09:33 — admin
Who will lead the transformation of the world’s energy supply from fossil fuels to renewable energy?
One might suggest that the current group of fossil fuel providers change their focus from depletable fuels to a different form of energy. However, this makeover seems highly unlikely.
Sensible Energy Policy for Today and Tomorrow – The Power of Conservation
Wed, 08/06/2008 - 10:57 — admin
Senator John McCain has had some fun at Senator Barrack Obama’s expense by mocking the fuel savings from adjusting tire inflation. Unfortunately, this diminishes the significant role that conservation has played in reducing energy demand.
Energy efficiency is expressed as the amount of energy required to produce a unit of economic output. The less energy required per dollar of gross domestic product (GDP) means that the economy uses energy more effectively. Energy economists measure this efficiency in terms of thousands of Btus per real dollar of economic output.