Tuesday Energy Blogging: Those global globs of goop.

25 May 2010 11:34 pm
Posted by: Donna

The company is called British Petroleum, for God’s sake. The now unfortunately infamous “Deepwater Horizon” project was never undertaken with the intention to help the US achieve energy independence.

Oil is traded on the international market.

There is nothing in US law that requires that oil drilled off our shores, in continent, or in the Alaskan National Wildlife Reserve has to stay here.


Once again, oil is traded on the international market, by multinational companies. The millions of barrels of crude spewing toward the southern shores of the US could have been bound for India or China as easily as they could have been bound for your local pump. If India or China are willing to pay more for it, then that’s where it goes.

Drill Baby Drill as a solution to energy independence and national security is, to put it mildly, a joke. Luckily, there are better ideas.

1 Comment(s)

  1. Comment by JustJoeP on May 28, 2010 12:46 pm

    “in continent”, or incontinent, as the BOP (blow out preventer) has proven?

    Hopefully, 20 years from now as Peak Oil arrives and passes, the marshes in the Gulf will start to recover, and where this energy relic will be traded and who is still clinging to it will start be an anachronism. 40 years from now, even by optimistic estimates, all the cheapest oil will be gone, and remaining gas will be up around a Mad Max Road Warrior price of about $200 a gallon.

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