OPEC has 12 member countries and the twelfth member Iraq doesn’t come under the production agreements MERLIN FLOWER | 2010/03/25 OPEC production quotas as expected Without giving any room for surprises, OPEC has agreed to keep the production quotas unchanged this time too. Meeting in Vienna on March 17, this is the fifth time since […]
At present, China is the fourth largest oil producer in the world MERLIN FLOWER | 2010/03/31 China, it seems, is everywhere. In what has become a routine, not a day passes without a mention of China in the news, in everyday conversations and predictions. As the next superpower, the country is wielding clout in every […]
“This is not a decision that I’ve made lightly” Mr Obama said, aware of the objection from environmentalists. “But the bottom line is this: given our energy needs, in order to sustain economic growth, produce jobs, and keep our businesses competitive, we’re going to need to harness traditional sources of fuel even as we ramp […]
The move towards more exploration is aimed to reduce oil imports MERLIN FLOWER | 2010/04/15 Here’s a simple question in Economics: If Exxon Mobil, the largest U.S. energy company, made a profit of $35 billion, and if the income tax paid is $15 billion at a tax rate of 47%, how much did it pay […]
Oil can be extracted from Tar Sands but the process is dirty MERLIN FLOWER | 2010/04/28 The picture above the ground: The Boreal forest of Canada, a unique blend of pristine forests, water bodies, and wet lands.The picture below the ground: Tar sands, a source of oil, spread across 138,000 km2 of land. About 4.3 […]
Underwater nuclear explosions have been used successfully to stop oil leak MERLIN FLOWER | 2010/05/11 The April 20 explosion on the Deepwater Horizon rig not only killed eleven people but also triggered a massive influx of oil into the ocean. President Obama has called the oil spill a “potentially unprecedented environmental disaster.” The cause of […]
Obama is bringing in nuclear experts to address the spill. MERLIN FLOWER | 2010/05/24 The oil spill in the Gulf of Mexico continues to spill black venom into the sea. The world has got to see stirring images of oil gushing with decipherable great force, enough even to turn a staunch critic towards environmental protection. […]
The toxic sludge killing oceanic wildlife by the thousand will soon be hovered inland by hurricanes, threatening animals and humans alike. MERLIN FLOWER | 2010/06/07 Forty long days, and the saga of the Gulf oil spill continues unabated. The efforts to contain the spill seem doltish in multi levels, more confounded as weeks march by, […]
The nuclear option is, possibly, an expedient road to stop the spill. MERLIN FLOWER | 2010/06/15 The odds are stacked against: potential radioactivity, more pores, more spills and a whole array of add-ons. Put that way, it sure doesn’t seem to come from a sapient mind, the provocative option of a nuclear explosion to contain […]
Before the congressional committee, the CEO of BP, Tony Hayward refused to answer on more than 60 occasions which made the representatives accuse him of stonewalling the procedure. Soon after, BP Chairman Carl-Henric Svanberg announced that the CEO would no longer be managing the response to the oil spill. Meanwhile, President Obama stressed BP […]
