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Gulf Oil Spill: BP plans to burn oil pumping to surface
BP said that collecting the oil and bringing it to the surface is believed to be nearing its daily processing capacity. A floating platform could be the solution to process most of the flow. To burn it, the British oil giant is preparing to use a device called an EverGreen Burner, officials said. It turns [...]
Wednesday, June 9th, 2010BP Oil Spill Spread Pensacola Beach
Oil had been sighted very close to Pensacola Beach, approximately nine miles away. Given the proximity of the oil can stain a white sand beach is beautiful today! The focus of the BP oil spill relief effort is shifting to the east – toward the coast of Alabama and Pensacola, Florida – as the toll [...]
Friday, June 4th, 2010Crude Oil Future Trading Market Prices
Crude oil prices measure the spot price of various barrels of oil, most commonly either the West Texas Intermediate or the Brent Blend. The OPEC basket price and the NMEX Futures price are also sometimes quoted. West Texas Intermediate (WTI) crude oil is of very high quality, because it is light-weight and has low sulphur [...]
Monday, March 1st, 2010