Wednesday, June 16, 2010

Peak Oil and the Environment II

"The Chief Executive Officer of insurance giants Lloyds is warning that the world is facing a “period of deep uncertainty” over the decline of fossil fuels – and may soon be coping with $200-a-barrel oil..."

Report can be found here:

From Washington's Blog
Specifically, BP's Chief Operating Officer Doug Suttles told CNN last Thursday that BP's data indicates that BP can't cap the leaking oil, or it might cause the well casing to blow out" although it appears to scientific authorities that the casing has already blown...

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