Matt Simmons told Fortune this week BP has “about a month before they declare Chapter 11.” He is a smart guy – a peakist who has run a successful boutique energy investment bank for three decades.
On the other hand, the oil giant has very, very, very deep pockets. The PBS Newshour had a good show on this yesterday:
BP responds to a coffee spill:
Are you boycotting BP gas? Is it a good idea?
As oil keeps pouring into the Gulf, more and more people are protesting BP, especially at their gas stations. As it turns out, though, the vast majority of the 10,000 BP stations in the country are independently owned and operated, so a boycott primarily hits the owner. In this repost, TP examines the issue and some of the recent protests.
While BP touts the mild success of its most recent attempt to contain the massive gusher spewing oil into the Gulf of Mexico, they would probably rather people don’t notice the other spill they recently caused, this one of deadly benzene from a refinery in Texas City, TX. In this repost, TP has the story.
The variable nature of wind and solar resources has always been one of the knocks on renewable energy, under the theory that integrating unpredictable resources will make it impossible to manage the electric grid. However, recent research from the National Renewable Energy Laboratory indicates that the electric grid is capable of accommodating much larger amounts of renewable energy than we currently use.
A new California solar project proves variable resource integration can happen in the real world, not just in computer simulations. CAP’s Richard Caperton has the story.
Edited by Joe Romm, we cover climate science, solutions and politics. Columnist Tom Friedman calls us "the indispensable blog" and Time magazine named us one of the 25 "Best Blogs of 2010." Newcomers, start here.
Language Intelligence: Lessons on persuasion from Jesus, Shakespeare, Lincoln, and Lady Gaga.
Joe Romm has pulled together the secrets of the greatest communicators in history to show how you can apply these tools to your writing, speaking, blogging — even your Tweeting.
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