don't post PPTs as they are a source of trojan/virus transmission.RamaY wrote:Good PPT on the above SAGE proposal
don't click on that unless you want to get infected.
don't post PPTs as they are a source of trojan/virus transmission.RamaY wrote:Good PPT on the above SAGE proposal
ALSO SEE: Criminal Negligence: Despite Knowing It Had a Damaged Blowout Preventer, BP STILL Cut Corners By Removing the Single Most Important Safety Measure - http://www.washingtonsblog.com/2010/05/ ... owout.htmlGoldman Sachs Reveals it Shorted Gulf of Mexico
NEW YORK (The Borowitz Report) - In what is looming as another public relations predicament for Goldman Sachs, the banking giant admitted today that it made "a substantial financial bet against the Gulf of Mexico" one day before the sinking of an oil rig in that body of water.
The new revelations came to light after government investigators turned up new emails from Goldman employee Fabrice "Fabulous Fab" Tourre in which he bragged to a girlfriend that the firm was taking a "big short" position on the Gulf.
"One oil rig goes down and we're going to be rolling in dough," Mr. Tourre wrote in one email. "Suck it, fishies and birdies!"
The news about Goldman's bet against the Gulf comes on the heels of embarrassing revelations that the firm had taken a short position on Lindsay Lohan's acting career.
http://www.huffingtonpost.com/andy-boro ... 58774.html
External affairs minister S M Krishna visited Tehran in mid-May and said India was still interested in the proposed Iran-Pakistan-India (IPI) gas pipeline, but expressed reservations on security grounds. However, there is now a more important economic reason to oppose the pipeline.
The IPI gas price has become ridiculously high in the light of new technology for extracting gas from shale, a common sedimentary rock found across the world. The IPI project never made sense from a security viewpoint. It now makes no sense from an economic viewpoint.The US has pioneered shale
gas technology. This has created a glut, sending gas prices plummeting from $13/mmbtu (million British thermal units) four years ago to just $4/mmbtu today, even as the price of oil has more than doubled. By contrast, the IPI formula links the gas price to oil prices. This implies that India will have to pay $10/mmbtu at today’s oil price of $70/barrel, and a whopping $20/mmbtu for gas if oil returns to its 2008 peak of $150/barrel. India cannot possibly accept such a price formula when shale gas technology has sent prices plummeting.
Deregulation is the real (underlying) reason / cause behind the US oil spill by British Petroleum (BP) in 2010 off the coast of Louisiana in the Gulf of Mexico. Deregulation coupled with lax government oversight (lackies appointed by Dick Cheney at the helm) lead to the omission of key safety features and protocols, a free pass for drilling licenses, emphasis on profit over safety, and absolutely NO PLAN for containment of blowouts.
For example, George W Bush and Dick Cheney helped block a 2002/03 Bill that would have required the use of acoustic switches to activate the blowout preventer (BOP). When the rig blew up, they had to MANUALLY activate the switch by sending robotic submersibles. This was all but impossible since the rig was in flames and the priority was putting it out and saving lives; this was easily foreseen.
In addition, BP did not want to lose an oil well (by activating the BOP); this would have cost them future profit in addition to the costs for exploration and preparation of the well. Eventually the rig collapsed and sank to the ocean floor. Because the rig was STILL ATTACHED to the well head / BOP, it bent or damaged the BOP making it unusable. Again, this is something that could have been foreseen; i.e. the need to activate the BOP immediately in the case of catastrophic rig failure, to avoid potential damage to the BOP. Profit wins over safety; BP must avoid activating the BOP at all costs.
An acoustic switch would have allowed them to IMMEDIATELY stop the well head (activate the BOP) as soon as the explosion happened. The BOP would not have been at risk for failure (due to rig collapsing); but, the lack of a remote switch and need to save the well (for profit and avoidance of loss) meant that they delayed trying to activate it. By that time the damage to the BOP had been done.
Lastly, all of the post-blowout efforts have been focused on SAVING the well; i.e. it was only after more than a month before BP attempted the TOPKILL method, which would have sealed the well. Attempts before that were about slowing the flow of oil or collecting it. Why did BP not try the TOPKILL method right away?
A dire report prepared for President Medvedev by Russia’s Ministry of Natural Resources is warning today that the British Petroleum (BP) oil and gas leak in the Gulf of Mexico is about to become the worst environmental catastrophe in all of human history threatening the entire eastern half of the North American continent with “total destruction”.
Russian scientists are basing their apocalyptic destruction assessment due to BP’s use of millions of gallons of the chemical dispersal agent known as Corexit 9500 which is being pumped directly into the leak of this wellhead over a mile under the Gulf of Mexico waters and designed, this report says, to keep hidden from the American public the full, and tragic, extent of this leak that is now estimated to be over 2.9 million gallons a day.
Corexit 9500 was found to be one of the most toxic dispersal agents ever developed. Even worse, according to this report, with higher water temperatures, like those now occurring in the Gulf of Mexico, its toxicity grows.
A greater danger involving Corexit 9500, and as outlined by Russian scientists in this report, is that with its 2.61ppm toxicity level, and when combined with the heating Gulf of Mexico waters, its molecules will be able to “phase transition” from their present liquid to a gaseous state allowing them to be absorbed into clouds and allowing their release as “toxic rain” upon all of Eastern North America.
Even worse, should a Katrina like tropical hurricane form in the Gulf of Mexico while tens of millions of gallons of Corexit 9500 are sitting on, or near, its surface the resulting “toxic rain” falling upon the North American continent could “theoretically” destroy all microbial life to any depth it reaches resulting in an “unimaginable environmental catastrophe” destroying all life forms from the “bottom of the evolutionary chart to the top”.
Reports are also coming from the United States that their government is secretly preparing to evacuate tens-of-millions of their citizens from their Gulf of Mexico States should the most dire of these scientific warnings start to come true.
To the greatest lesson to be learned by these Americans is that their government-oil industry cabal has been just as destructive to them as their government-banking one, both of which have done more to destroy the United States these past couple of years than any foreign enemy could dare dream was possible.
Shale has many issues yet to be solved.vijayk wrote:http://blogs.timesofindia.indiatimes.co ... n-pipeline
Shale gas, not Iran pipeline, our energy hope
http://news.bbc.co.uk/2/hi/10275183.stmRussia becomes leading oil producer, BP says
http://news.bbc.co.uk/2/hi/10275183.stm
Russia overtook Saudi Arabia to become the world's leading oil producer in 2009, while global oil consumption fell the most since 1982, BP has said. According to the oil giant's latest Statistical Review of World Energy, Russia increased oil production by 1.5% in 2009, claiming a 12.9% market share. Production in Saudi Arabia fell 10.6%, giving the country a 12% market share. Global oil consumption fell by 1.2m barrels a day, or 1.7%, while natural gas use dropped 2.1%. The world's oil production dropped by 2m barrels a day, or 2.6%, also the largest decline since 1982.iquefied natural gas," the report states.
The US became the world's largest gas producer, surpassing Russia, thanks to "continued expansion of unconventional supplies".
Global proven oil reserves increased by 700m barrels to 1.33 trillion barrels last year. At the same time, the world's gas reserves grew by 2.21 trillion cubic meters to 187.49 trillion cubic meters.
Reliance Industries on Friday said that it has made a sixth oil discovery in the Gujarat block, but did not give the reserves that the latest find may hold.
The well CB10A-T1 encountered hydrocarbon bearing zone between 1,390 and 1,402 meters below the earth in the block CB-ONN-2003/1 near Ahmedabad, the company said in a press statement here.
"The well flowed at a rate of 415 barrels of oil per day," it said. RIL, which has so far drilled 16 exploratory wells in the block, named the discovery 'Dhirubhai-49'. This is the sixth oil discovery in the block, so far, but the company has not put a reserve estimate for any of the finds in the area.
Stating that the find has been notified to the government and to the Directorate General of Hydrocarbons, the company said, "The potential commercial interest of the discovery is being ascertained through additional data gathering and analysis."
The block CB-ONN-2003/1 is located at a distance of about 130 kms from Ahmedabad in Gujarat, in the Cambay Basin. The block covers an area of 635-sq km in two parts -- Part A and Part B.
RIL, as operator, holds 100 per cent interest in the block. It had won the block in the fifth round of auction under the New Exploration Licencing Policy P). While the entire block was covered with 2D seismic, about 80 per cent of the block area has 3D seismic coverage.
Of the 16 exploratory wells drilled in the block by RIL, so far, 12 are located in Part-A and the remaining 4 in the Part B of the block.
"RIL is continuing further exploratory drilling efforts in the block," the statement said. The well CB10A-T1 was drilled to a total depth of 1500 meters in Part A of the block. "The discovery is significant as this play fairway is expected to open more oil pool areas, leading to better hydrocarbon potential within the block," RIL said, adding "the discovery supplements the understanding of the petroleum system in the Cambay basin in general, and the block in particular."
Based on the interpretation of the acquired 3D seismic campaign in the contract area, RIL has identified several more prospects with upside potential at different stratigraphic levels.
News
Gates, venture capitalist Doerr issue warning about America's future
Join GE CEO Immelt in effort to help U.S. gain an innovation edge in the push for clean tech
http://www.computerworld.com/s/article/ ... onomyId=12
Computerworld - WASHINGTON -- The ever expanding BP oil spill, in a sense, provides Bill Gates the perfect backdrop for selling Congress and the White House on a proposal to increase annual U.S. spending on clean energy research and development from $5 billion to $16 billion.
Gates, General Electric Co. CEO Jeff Immelt and venture capitalist John Doerr, a partner at Kleiner Perkins Caufield & Byer, are among the well-known business people involved in high-level lobbying effort on clean energy.
The trio discussed the need for clean energy investment at a press conference here today, and are slated to discuss it further with President Barack Obama this afternoon.
Today's message, and a related American Energy Innovation Council report listing a number of energy policy recommendations, didn't cite BP oil spill. It was about which country will lead in what may easily be the world's next big industrial push.
Gates, Immelt and Doerr are all members of the energy innovation council.
This business-driven push for a better energy plan already has some congressional support, principally from U.S. Rep. Bart Gordon (D-Tenn.), who heads the House Committee on Science and Technology. He said Thursday that he plans to work with the group on legislation that implements its proposals.
At an earlier meeting with congressional leaders on the BP oil spill, Obama made note of today's planned meeting today with Gates and others.
"We can't keep our eye off the importance of having an energy policy that meets the needs of the next generation and ensures that the United States is the leader when it comes to energy policy," said Obama. "We are not yet that leader, and that's what I want us to do."
The U.S. isn't the worldwide leader in clean technology today, agreed Doerr during the press conference. America is a worldwide leader in biotechnology and information technology, he said, but "that's not the case in today's energy technologies."
Of the top 30 new energy technology companies worldwide that produce batteries, solar technologies and advanced wind energy, only four are headquartered in the United States, Doerr said.
"It's very sad that Americans spend more on potato chips than we do on investment in clean energy R&D," said Doerr.
Gates said more federal research spending is needed to spur investment in clean technologies. "The incentives aren't there to make it happen," said Gates.
"In the same way that the U.S. has led in health care, the same way we have led in IT, it takes an upfront investment," said Gates.
U.S.-based General Electric is one of the top companies on Doerr's list, and Immelt said that its revenue from clean energy products has gone from $5 billion to $20 billion.
"It's created jobs, and it's created competitive advantage," said Immelt, adding that the company plans to increase R&D spending in this area.
The timeline for producing results is years away.
It will take a decade to bring a number of technologies in the pilot stage, and perhaps take 20 years before there is a clear idea what the winning technologies look like, according to those involved in this effort.
the guy is fishing for govt subsidies.Acharya wrote:News
Computerworld - WASHINGTON -- The ever expanding BP oil spill, in a sense, provides Bill Gates the perfect backdrop for selling Congress and the White House on a proposal to increase annual U.S. spending on clean energy research and development from $5 billion to $16 billion.
http://news.bbc.co.uk/2/hi/scotland/edi ... 321742.stmNeshant wrote:why continuously heated?
is it to maintain high viscosity of the oil to keep it flowing ?
A question here How is it that Cairn was able to get land for this purpose with no sign of the usual hangama and delay/politics that accompanies the land acquistion elsewhere in India.The pipeline took two years and 6,000 workers to build.
The 360-mile-long (580km) pipeline from the Thar deserts of Rajasthan to the Gujarat coast passes through 270 villages and 34 major rivers.
I do not know but lemme take some wild guesses:Jayram wrote:From above link..A question here How is it that Cairn was able to get land for this purpose with no sign of the usual hangama and delay/politics that accompanies the land acquistion elsewhere in India.The pipeline took two years and 6,000 workers to build.
The 360-mile-long (580km) pipeline from the Thar deserts of Rajasthan to the Gujarat coast passes through 270 villages and 34 major rivers.
Is this only becuase we are talking rural land with good compensation or is there something in Cairn's land acquistion practices to be learned on this one? Qudos to Cairn either way.
The U.S. has warned Pakistan about the possibility of the Iran-Pakistan gas pipeline running into rough weather because of the sanctions imposed earlier this month on Iran owing to Tehran's refusal to suspend uranium enrichment that could produce fuel for a nuclear weapon.
This word of caution was conveyed to Pakistan by the U.S. Special Representative to Afghanistan and Pakistan, Richard Holbrooke, during his talks with the country's leadership here over the weekend. Confirming this during a special briefing on Sunday for the American media in Islamabad, he was quoted by the Associated Press as saying: “We cautioned the Pakistanis to try to see what the (Congressional) legislation is before deciding how to proceed because it would be a disaster if… we had a situation develop where an agreement was reached which then triggered something under the law.''
Shortly after Mr. Holbrooke's briefing, Pakistan Foreign Minister Makhdoom Shah Mehmood Qureshi maintained that the deal would not be impacted by the sanctions; a position that the Foreign Office has held since this chapter in the ongoing U.S.-Iran stand-off was opened.
http://pipelinesinternational.com/news/ ... ne/040184/More than 4,000 contractor personnel have been employed on the project.
“The pipeline project activities provide employment to persons of different skills and trades. The local population is being given preference regarding employment. During construction of the project, temporary employment to unskilled and semi-skilled labourers was provided. During the operational phase, we plan to develop and train local community members to provide services such as security, administration and maintenance,” the Cairn India spokesperson continued.
Challenges
The Managala to Bhogat Pipeline corridor traverses two states and eight districts and required the acquisition of approximately 670 km of right-of-way (RoW), involving the daunting task of impinging on the land of nearly 50,000 landowners. Cairn India put in place a dedicated team to address social issues and gain the support of the locals residing along the length of the pipeline route. Programmes were undertaken to educate stakeholders about the significance of the project and various measures that are being taken to protect the asset.
. . . the current flow was at 410 barrels of oil per day (bopd) at the at the Cambay basin block in the western Indian state of Gujarat.
This is the seventh oil discovery by the company in the region. The potential commercial interest of the discovery is being determined through more data and analysis, Reliance said in a statement. The company also said it is continuing further exploratory drilling efforts in the block, and it had informed the Indian government about the latest discovery.
http://www.reuters.com/article/idUSSGE65R0BE20100628NEW DELHI June 28 (Reuters) - Indian refiners, excluding Reliance Industries' (RELI.BO) export-focused plant, processed 3.252 million barrels per day (bpd) of crude oil in May, up 7.7 percent from a year ago, government data showed on Monday. Crude oil output rose an annual 5.8 percent to 696,350 bpd in May. (Reporting by Nidhi Verma; editing by Surojit Gupta)
This is something India can use in finding ,exploiting Gas Gydrates in IO. Some estimate humungous 17kTrillion CM of metahne stored there.The two submersibles started their third season of exploration in Lake Baikal on 1 July. Over the last two expeditions, they found reserves of gas hydrates on the lake bed - which some consider a possible alternative fuel source of the future.
Gas hydrates are usually formed in permafrost or deep in the oceans. These are crystalline water-based solids; gases such as methane are trapped inside them within cages of hydrogen-bonded water molecules.
Baikal is the only freshwater basin where gas hydrates are found in its sediments. Scientists say the depth of the lake - reaching 1,637m - and extremely low temperatures of water near the lake bed both help gas hydrates form at depths exceeding 350m. The current expedition aims to obtain important data about these findings, and is also searching for new life forms, which might be unique to Baikal.