May 172010

Lisa Margonelli, the author of Oil On the Brain: Petroleum’s Long Strange Trip to Your Tank has written a startling piece for The Atlantic, “The End of Magical Oil.”  Fun facts:

  • Between 1995 and 2004, deepwater production grew by 535%.
  • By 2008, 25 to 30 percent of the reservoirs in the Gulf had pressure issues, which MMS and industry were trying to figure out.
  • Since 1997, MMS has issued only one notice on deepwater blowout preventer inspections.
  • Deepwater production was projected to jump to 2.1 million barrels a day by 2016.

Read the whole article.  It’s disturbing and frustrating.

 Posted by at 10:30 pm