Wow! Our venerable, longtime offshore and coastal oil and gas producer here in Ventura and Santa Barbara–Venoco–has shuttered operations and is entering bankruptcy. On Monday (April 17, 2017), Venoco filed for Chapter 11 bankruptcy with the U.S. Bankruptcy Court for the District of Delaware. This was their second filing within the past year for Bankruptcy protection, but all… Read more »
It is hard to underestimate the influence our Federal Energy Information Agency (EIA) has on energy markets. Their annual and quarterly reports, littered with predictions, drive investments, public policy, and global understanding of energy production and consumption. So the recent coming to terms with the fact that the EIA has of late been hugely overestimating American… Read more »
Source: Oil and gas industry is already investing in coastal restoration: A letter to the editor | NOLA.com Mr. Marc Ehrhardt, executive director of the Grow Louisiana Coalition just penned this op-ed in the New Orleans Times-Picayune, one of many such op-eds marking the multifaceted state of recovery of the Louisiana Gulf region on… Read more »
Is a bird in the hand worth two in the bush? Apparently government and industry lawyers both think so. I’m eating some squid nigiri and a baked crawfish California roll at my favorite sushi spot in Thousand Oaks to celebrate the end to this five-year escapade and pen this here blog entry. But enough about… Read more »
Our on-going public opinion polling of beach goers in the wake of the Refugio Oil Spill is beginning to show some interesting patterns. We are still in the midst of collecting data (check back in a week or two when we have had a chance to fully explore this data coming in daily), but a… Read more »
Federal authorities on Wednesday issued a cleanup order to the company whose underground pipeline last week spilled thousands of gallons of crude oil into the Pacific Ocean and marred several miles of Santa Barbara County coastline. “Our action today is to make sure the oil response work continues until the Santa Barbara County coastline is… Read more »
I was on Huffington Post Live this afternoon. I wasn’t able to finish my thought (Real Housewives were apparently on deck). But if I had, I would have noted that our clean-up technology hasn’t kept pace with our drilling/extraction technology. And that you can have all the regulations you like, but it is the government… Read more »
