Former Gov. Edwin Edwards (D) Leaves the Crossbar Hotel
Former Governor Edwin W. Edwards (D) left the Federal Penitentiary in Oakdale, LA today, ending 8-1/2 years of confinement. He had been sentence to 10 years on racketeering charges, stemming from his involvement in the state’s casino licensing process. He will live with his daughter in suburban Baton Rouge, and the terms of his release require him to check in periodically at a halfway house. | Read More »
On the Oil Spill Commission Report
As many of you know, your humble correspondent is a veteran of 32 years of service in the oil and gas industry, currently serving as the operations manager for a small Gulf of Mexico exploration and production company. This week, the President’s Oil Spill Commission published its 380-page report on the BP blowout and spill on the Deepwater Horizon. I won’t pretend to have read | Read More »
A Cotton Bowl Message from Governor Jindal
Actually, I’m pulling for the representatives of the Big 12 in this game. A first for me. With five minutes left in the first quarter, it looks like the joke is on the Bayou Bengals. Oh, and Open Thread.
A Picture is Worth 1,000 Words (x3)
Our friends at Peak Oil site TheOilDrum.com have an interesting year-end feature: The Chart of the Year. Lots of interesting graphs — have a look. Three of my personal favorites are found below the fold, with minimal commentary from your humble correspondent. Having exhumed and drug the remains of John Maynard Keynes through the streets for the last couple of years … How’s Keynesian economic | Read More »
Settling Accounts on Peak Oil
In 2005, New York Times columnist John Tierney and Houston investment banker Matt Simmons made a bet on the average price of oil for 2010, to be settled today, January 1, 2011. Simmons died in August, 2010, but by that time it was reasonably certain that he was on the losing end of his bet with Tierney. Simmons had wagered that the average price of | Read More »
The UK’s Big Freeze Redux
Bwhahahahahaha! In a replay of last year’s weather pattern, the U.K. is once again in the grips of a Global Warming Climate Change-induced record cold snap. Not to worry. Those industrious Brits had the foresight to build wind farms with rated capacity equal to 5% of the country’s electricity needs. But they’re getting only 1.6% of their electricity from the wind farms. Because… Extreme wintertime | Read More »
NYT on the Deepwater Horizon Disaster
When it comes to straight news reporting on the oil and gas industry, nobody outshines the New York Times. The featured front page story in the Sunday Times (12/26) was a deep investigative piece on the Deepwater Horizon blowout. Reporters David Barstow, David Rohde and Stephanie Saul interviewed 21 survivors and pieced together the nine harrowing minutes between the mud flow at the surface of | Read More »
Gulf of Mexico Rigs Lost, Jobs Lost
Rig Maintenance Supervisor Bill Masters of Trout, LA lost his job with Seahawk, a shallow water rig contractor, last June 23. After 38 years on the rigs, Masters hoped to go back to work fairly quickly; that’s the way it had always happened before. But not this time. Seahawk has laid off 300 workers. Only three of 20 rigs in its fleet are currently working. | Read More »
Re-Thinking the Filibuster
President Obama and Senate Democrats have recently floated the idea that it’s time to get rid of the filibuster. So the argument goes, the filibuster is an anti-democratic obstacle that prevents good government and rule by the will of the people. It’s a valid point. Come to think of it, the Senate is chock-full of anti-democratic anachronisms. First off, two senators represent each state, regardless | Read More »
Anti-Obamacare = Pro-Slavery?
Scaling new heights of moonbattery , Huffington Post columnist Manisha Sinha posits that arguments against Obamacare and other Federal intrusions on states’ rights have their roots in the pro-slavery movement, ca. 1840-60: Long before Tea Party activists and other sundry conservatives detected the ghost of socialism in health care reform and financial regulation legislation, proslavery theorists argued that abolition was akin to socialism. Even though | Read More »
Obama’s Path to Energy Independence?
Via correspondent Poe Leggette, the Western Energy Alliance‘s analysis of oil and gas leasing in the RockY Mountain states under the last three administrations: Bear in mind that the Federal government is the primary owner of much of the land in several western states. Combine that with the fact that the March 2010 Lease Sale was the last one we’ll see in the Gulf of | Read More »
Moratorium Leads to Abrupt Production Declines
Offshore oil and gas wells typically are able to produce at high rates at the beginning of their lives. Reserves are not infinite, so that means a rapid natural rate of decline as reserves deplete. “Reserve replacement” is a big issue; we often say that every day that you don’t replace production in the oilfield means you’re just slowly going out of business. How do | Read More »
The Cellulosic Ethanol Mandate and Fairy Dust
Over at The Oil Drum, there’s an insightful article by Robert Rapier, a chemical engineer and blogger: Cellulosic Ethanol Reality Begins to Set In The Oil Drum concerns itself with energy issues of all kinds, but leans toward Peak Oil and alternative fuels. It’s not a site that merely passes through propaganda for the fossil fuel industries. Rapier, who has hands-on experience with cellulosic ethanol, | Read More »
The NBA Meets the Moratorium
President Obama’s callous indifference to his drilling moratorium’s negative impact on Louisiana is worthy of the “Let Them Eat Cake” Hall of Shame. When pressed by Gov. Bobby Jindal to reconsider the drilling ban and corresponding shallow water permit foot-dragging on the state’s economy, the President responded by suggesting that laid off workers might apply for BP funds, or failing that, unemployment compensation. The President | Read More »
Offshore Wind Über Alles!
I’ve always been skeptical of the practicality of offshore wind power generation. Designing any kind of structure to stand up to the marine environment is a challenge. Each structure must be designed respecting the particular characteristics of the soil at its site. Not only are offshore turbines heavy, an operating turbine generates a tremendous torque which must be compensated in the structural design. Design is | Read More »