Oil production hit by BP slick

First published in the The Independent on Sunday, 9 May 2010 Even as the first oil from BP’s stricken Macondo well in the US Gulf of Mexico washed ashore this weekend, and as the clamour against the company mounts, experts claim the slick will be nothing like as catastrophic as forecast - for either the environment or the oil industry. However some analysts maintain the accident could still seriously impact the global oil supply later this decade. (more…)...
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Why the oil price slump is bad news

First published in The Independent on Sunday, 26 October 2008 Once again Gordon Brown has energy policy all wrong. Even before OPEC announced an output cut of 1.5 million barrels per day, the prime minister had denounced the move as "absolutely scandalous", fearing it would force the oil price higher just as the world slides into recession. (more…)...
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BP’s Russian roulette belies stance on peak oil

First published in the Independent on Sunday, 22 June 2008 It must be increasingly lonely being Tony Hayward. As the oil price continues to soar there is a gathering consensus that global oil production is nearing some fundamental geological limits, yet BP's chief executive continues to argue valiantly that the causes of the current oil shock are "not so much below ground as above it, and not geological but political"...
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What happens next?

First published in the Independent on Sunday, 25 May 2008 Never mind speculation, forget the weak dollar. To understand the soaring oil price you need only glance at figures from the US government which show that global oil production has been essentially stagnant - at just under 86 million barrels per day - since early 2005. (more…)...
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