Washington
The nation’s capital had the activity of a three-ring circus last week, with a challenge fired at the Chrysler bankruptcy; a GM bankruptcy in the wings; a cap and trade emissions bill clearing its first legislative hurdle; and the administration announcing a major increase in vehicle fuel standards. While the administration says it is confident that Chrysler and GM can move through the bankruptcy
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Briefs week of May 25, 2009
Nigeria’s oil production has fallen to less than half its capacity as fighting escalates in the Niger River delta. The West African nation, formerly the continent’s biggest producer, now pumps about 1.6 million barrels a day, compared with capacity of 3.2 million. (5/23, #1) Mexico said that in the first four months of 2009 the value of its crude exports dropped
Quote of the Week
“It is well-recognized that the main drive of the deepest recession since the Great Depression was the failure of the US and global debt and credit systems. But the surge in commodity prices, notably oil, was a very significant contributing factor.” Daniel Yergin, CEO Cambridge Energy Research Associates
Commentary: Drilling with Charlie – Blizzard in the Badlands
[Note: a true story from the oil fields. You may have burned some of the associated gasoline.] I am no longer in the directional drilling business due to the industry downturn. Since many of us will not be returning to the oil fields, those who have this experience will be fewer in number, and the demands on their time will be great. My work with horizontal drilling began in 1995 in the Williston
