THE WALL STREET JOURNAL By SPENCER SWARTZ And STEVE STECKLOW A U.S. House committee has proposed barring the Pentagon from buying fuel from companies that do business with Iran’s energy industry?a stance that is a long shot for becoming law but that underscores U.S. lawmakers’ ongoing dissatisfaction with international efforts to slap tough sanctions on [...]
Posts on ‘May 24th, 2010’
Years before the Gulf of Mexico became witness to the nightmare scenario of an unstoppable volcano of crude oil gushing from an unplugged oil well deep beneath the ocean, both the oil industry and the federal agency charged with monitoring seabed drilling off America’s coasts knew the last-ditch “failsafe” technology intended to prevent just this sort of catastrophe might not work.
Daily Telegraph The oil spill in the Gulf of Mexico has heightened fears of a similar disaster occurring off America’s Arctic coast, where Shell is due to begin exploratory drilling later this year. Smoke rises from a controlled burn in the Gulf of Mexico by BP Photo: GETTY IMAGES By Alex Spillius in Washington Published: 6:30PM [...]
Shell declined to give a predicted date for full production pending the outcome of the planning application. However, it is unlikely full production will start before next year.