The waste of oil and gas in the Gulf erodes economic resilience and increases security risks. This is the first report to offer practical recommendations that address the key challenges of governance, political commitment, and market incentives from the perspectives of member countries of the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE).
Describes the rescue efforts involved in saving the lives of animals affected by an oil spill, showing how they are captured, cleaned, and released back into the wild.
On April 20, 2010, the Macondo well blew out, costing the lives of 11 men, and beginning a catastrophe that sank the Deepwater Horizon drilling rig and spilled nearly 5 million barrels of crude oil into the Gulf of Mexico. The spill disrupted an entire region’s economy, damaged fisheries and critical habitats, and brought vividly to light the risks of deepwater drilling for oil and gas—the latest frontier in the national energy supply. Soon after, President Barack Obama appointed a seven-member Commission to investigate the disaster, analyze its causes and effects, and recommend the actions necessary to minimize such risks in the future. The Commission’s report offers the American public and policymakers alike the fullest account available of what happened in the Gulf and why, and proposes actions—changes in company behavior, reform of government oversight, and investments in research and technology—required as industry moves forward to meet the nation’s energy needs.
For more than a century, oil has been the engine of growth for a society that delivers an unprecedented standard of living to many. We now take for granted that economic growth is good, necessary, and even inevitable, but also feel a sense of unease about the simultaneous growth of complexity in the processes and institutions that generate and manage that growth. As societies grow more complex through the bounty of cheap energy, they also confront problems that seem to increase in number and severity. In this era of fossil fuels, cheap energy and increasing complexity have been in a mutually-reinforcing spiral. The more energy we have and the more problems our societies confront, the more we grow complex and require still more energy. How did our demand for energy, our technological prowess, the resulting need for complex problem solving, and the end of easy oil conspire to make the Deepwater Horizon oil spill increasingly likely, if not inevitable? This book explains the real causal factors leading up to the worst environmental catastrophe in U.S. history, a disaster from which it will take decades to recover.
The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away from oil. This spells a significant challenge for oil-exporting countries, including those of the Gulf Cooperation Council (GCC) who account for a fifth of the world’s oil production. The GCC countries have recognized the need to reduce their reliance on oil and are all implementing reforms to diversify their economies as well as fiscal and external revenues. Nevertheless, as global oil demand is expected to peak in the next two decades, the associated fiscal imperative could be both larger and more urgent than implied by the GCC countries’ existing plans.
Major Savings and Reforms: Budget of the United States Government, Fiscal Year 2018 includes both discretionary and mandatory savings proposals that reportedly bring Federal spending under control and return the Federal budget to balance within 10 years. Audience: Congress, civilian businesses and organizations, military and defense agencies (and all governmental agencies), and members of the general public would be interested in this publication and how the President's budgetary proposals could affect the economy and the continuing operation of different civilian organizations and federal agencies. High school, public, and academic libraries will want to include this resource in their Government collections. The entire Fiscal Year (FY) 2018United States Government Budget resources collection can be found here: https://bookstore.gpo.gov/catalog/budget-economy/federal-budgets-year
Freudenburg and Gramling argue that it is time for a new approach. BP's Oil Spill Response Plan was pure fantasy, claiming the company could handle the equivalent of an Exxon Valdez spill every day, even though "cleaning up" an oil spill is essentially impossible. For the future, our emphasis needs to be on true prevention, and our risk-management policies need to be based on better understandings of humans as well as hardware."--Pub. desc.
