I have too much time on my hands, so I took a gander at the 2009 BP Statistical Review of World Energy to kill time as well as wait to see if I won the bid for an Iraqi oil field. I didn’t.
BP and China National Petroleum beat me and they now have the right to develop Rumaila - the largest Iraqi oil field. The two organizations beat out a bid from Exxon Mobil Corporation and the Iraqi Oil Minister Hussain al-Shahristani estimates that the selling of oil rights will garner them more than $1.7 trillion over the next 20 years.
This win shouldn’t be surprising considering 2008 was the first year that developing countries, led by China, consumed more energy than developed countries. It was also noted in BP’s report that industrialized countries reduced their energy consumption by 1.3 percent led by a 2.8 percent decline in energy consumption from the U.S. –the steepest single-year decline since 1982. However the potential benefits of energy reduction were offset by countries who increased their energy consumption. China accounted for nearly three-quarters of the 1.4 percent global consumption increase.
By Alex Felsinger •
February 12, 2009
Biologists believe that the entire population of killer whales in the Prince WIlliam Sound will soon die off completely.
While salmon, otters, and other animals in the area have experienced partial or full recoveries, this group of whales has struggled ever since the 11-million-gallon oil spill in 1989. At that point, the whales numbered 22. Today they’re down to just seven.
By Jerry James Stone •
October 22, 2008
Louisiana is oiling up for a hydrogen network.
Exxon Mobil has entered in to a long-term contract with Air Products for constructing a new Steam Methane Reforming (SMR) Hydrogen production facility in Louisiana. The facility will be connected to Air Products’ Louisiana Hydrogen Pipeline Network and will service Exxon Mobil’s Baton Rouge, Louisiana refinery.
By Jennifer Lance •
September 7, 2008
For the second quarter of 2008, Exxon Mobil reported a record-breaking profit of $11.68 billion, the largest quarterly profit in U.S. history! That is $1,485.55 a second!
Via: CNN Money
Image: Greenpeace
By Jennifer Lance •
August 20, 2008
Big oil has been spending big money in Washington, but it may surprise you that gas and oil companies spend more money on corporate lobbying than individual campaign contributions. Why chose lobbying over campaign contributions? Lobbying is more effective at crushing energy bills, as we have seen this year.
