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Earlier oil spill along BP Alaska pipeline
Corrosion has dangerously eaten away at the walls of BP's Alaskan oil field pipeline, in at least one case, to paper-thin thickness. The key question is why has the company been so negligent?

World Energy Week in Review - 11 August 2006

Weekly dialog with Oil Depletion Analysis Center news editor Doug Low

By EV World

This week, BP announced that due to dangerous corrosion, which had already resulted in the worst oil spill on the Alaska North Slope earlier this year, it was shutting down much of its oil pipeline, closing in the equivalent of eight percent of America’s domestic oil production.

The price of a barrel of oil immediately spiked $2 on the news, prompting speculation that BP had cunningly delayed the announcement until the peak of the U.S. driving season in order to profit from increased oil prices.

We talk with ODAC newsletter editor Doug Low from the capital of the British petroleum industry in Aberdeen, Scotland about the BP announcement, as well as the curious re-release of the two-month old CERA oil production report that asserts supply will outpace demand in the coming years. The timing of the report seems strangely synchronous with the growing public awareness of "peak oil" and concerns about the Saudi Arabia’s largest oil field.

This week, Richard Heinberg, noted in an essay that a confidential source knowledgeable with the state of Saudi oil production told him at the recent ASPO meeting in Pisa, Italy that the Ghawar oil field has begun to decline.

Finally, a committee made up of members of Parliament in the UK have urged the government to implement a 1,800 gas-guzzler tax to help reduce CO2 emissions from the growing fleet of SUVs that Low estimates now represents 25% of all new car sales in Britain.

To listen to our weekly dialog, use either of the two MP3 players to the right or download the file to your computer hard drive for transfer and playback to your favorite MP3 device. This podcast will also be available on the Apple iTunes podcast service.

To subscribe to the ODAC daily email news update, send email to: odac@btconnect.com

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Times Article Viewed: 5277
Published: 11-Aug-2006

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