Deepwater Horizon

11 Crew were lost in the explosion and fire on the Deepwater Horizon rig on April 20, 2010. In addition, roughly 5.2 million barrels of oil poured into the Gulf of Mexico during the 87 days between April 20, 2010 when the explosion occurred and July 15, 2010 when the well was capped. BP, found […]

“You can’t have oil without oil spills.” – Markwayne Mullin, R, Oklahoma. (Official / GovTrack) Wind and Sun Won’t Spill In a period when the Dow Industrials rose 30%, the S&P 500 rose 40%, and the Popular Logistics “Sustainable Energy Portfolio” rose 223%, the “Fossil Fuel Portfolio” rose 21%. This suggests that a paradigm shift […]

From Reuters reporting on the BP oil spill trial;  First spill trial witness: BP put cost cuts over safety. BP Plc fostered a culture that put cost-cutting over safety before the deadly 2010 Gulf of Mexico oil spill, a noted forensic engineer said in the first day of testimony in the federal civil trial centered […]

  On Dec. 21, 2012, with virtual portfolios of 7 sustainable energy and 7 fossil fuel companies, I launched the Popular Logistics Sustainable Energy simulation, here. On Feb. 8, 2013, after 6 weeks, after exercising virtual options to invest in 2 additional companies at 12/21/12 prices, I reported the results, here. The Sustainable Energy portfolio […]

As any freshman economics student should know, the Gross Domestic Product, GDP, is a measure of spending, derived from the Gross National Product, GNP, defined by Simon Kuznets during the Depression (click here for econlib).  GDP is, at best, an indirect measure of wealth.  The Genuine Progress Indicator, GPI, defined by Think Progress in 1995, […]

Tweet    During the Great Depression the Classical Economists said “Unemployment is voluntary. Business owners will not voluntarily keep the means of production idle.”  While he had been a student of classical economics, John Maynard Keynes observed that the data didn’t fit the theory. And, he reasoned, if the observable data don’t fit the theory, […]

Tweet Earth Day, 2010, I looked to the future on Popular Logistics. In 2009, I wrote about water pollution and agricultural waste in the Chesapeake. Today I am looking at the present and recent past. While a comprehensive look at where we are can be found on the web pages of the World Watch Institute, […]

Sustainable Investing is a subset of Value Investing. A Sustainable Investor might pass up a bargain on an unsustainable company or a well run company in an unsustainable sector, but will do well long term and sleep well at night.

The good news is that newly discovered bacteria biodegrade oil in the oceans, and have been chowing down on the oil spilled from the Deepwater Horizon  (Earth and Sky, NPR, PBS, SFGATE) and from oil seeps for millions of years. While it’s unexpected and wonderful that bacteria are biodegrading the oil, is begs the question: […]

  What BP and the Government Could Have Done and Should Be Doing (updated 10/7/10) The handling of the Deepwater Horizon catastrophe is a textbook study of how not to manage a crisis. The government and the Obama Administration seems to have understated the problem and ceded responsibility to BP, which seems to have acted […]

“If oil gushes into the Gulf of Mexico at a rate of 60,000 barrels per day, and it takes 84 days to achieve a capability of “process” the spilled oil at a rate of 30,000 barrels per day, how long does it take to “process” the spilled oil?” It takes two days to process each […]

Hurricane Alex has temporarily halted cleanup efforts (Reuters).  Yet the oil continues to gush unabated. Using the Government’s “Improved Estimate,” 2.8 to 4.8 million barrels have gushed into the Gulf in the MONTHS since the April 20 explosion which killed 11 workers. The explosion and spill have destroyed fisheries, tourism, and profoundly disrupted the ecology […]

First conclusion of a series that began after Earth Day and includes Fossil Fuels and a Walk on the Moon, Drill Baby Drill or Drill Baby Oops, Magnitude, Part 1, One Month After, The Chernobyl of Fossil Fuel?, and Magnitude, Part 2. ) As I wrote on Earth Day, “In 100 years our descendants will […]

* Report oiled shoreline or request volunteer information: (866) 448-5816 * Submit alternative response technology, services or products: (281) 366-5511 * Submit your vessel for the Vessel of Opportunity Program: (281) 366-5511 * Submit a claim for damages: (800) 440-0858 * Report oiled wildlife: (866) 557-1401 * Medical support hotline:  (888) 623-0287

Part 6 in a Series that began after Earth Day (1 Fossil Fuels and a Walk on the Moon, 2 Drill Baby Drill or Drill Baby Oops, 3 The Magnitude, 4 One Month After, 5 Like Chernobyl?) Last month I wrote on Popoular Logistics “BP and the government say … 5,000 barrels per day is […]