So plan for another gas-price-spike some time soon, but maybe not soon enough to panic George Bush into a pro-green agenda before he leaves office* "The crude oil Sea of Tranquility", Global Energy Weekly, November 14th.
"Iran has between 40m and 50m barrels of crude at sea.
By August, who know how far up the east coast the red crude -- sea of blood of biblical proportions will extend, perhaps even, via the gulf stream, to the United Kingdom.
The oil well that spewed millions of gallons of crude into the sea has been sealed for good.
Graphic imagery, produced by NOAA or BP and circulated on the news, gave an impression of a single sheath of crude covering the sea.
It raised more than $228 million from illegal surcharges it imposed on companies that shipped Iraqi crude oil by sea after September 2000, according to an accounting prepared by the Iraqi Oil Ministry late last year.
That leaves the field clear for smaller, mainly UK-based companies to prospect under the waves.Premier Oil is the closest to extracting oil, the waxy crude of the Sea Lion field, which is located in the North Falklands Basin (see map) and holds an estimated 400m barrels of recoverable oil.
In early Asian trading, Brent North Sea crude for August delivery hit $145.11, before easing back to $144.90.
The Tesoro accident on the 2nd was followed on the 5th by the Upper Big Branch coal mine cave-in, which killed 29 miners in West Virginia, and on the 20th by the immolation of the Deepwater Horizon drilling rig in the Gulf of Mexico, which killed 11 workers and put 5 million barrels of crude into the sea.
Here in the harsh mesquite desert of West Texas, where the underground sea of crude oil known as the Permian Basin once made Midland a boom town, the bravado of the bygone era is not yet gone.
In 1989 the Exxon Valdez oil tanker ran aground off the coast of Alaska, releasing up to 750,000 barrels of crude oil into the sea.
