Tagged: oil

While policymakers debate the government’s budget, the Brookings Institute, a private nonprofit research organization, decided to host their own brainstorming session. They asked experts from all different fields to submit ideas for responsible deficit reduction.

One expert, Harvard professor Joseph Aldy, drafted a proposal eliminating oil and gas tax subsidies. A move Aldy estimates would save the US government $41 billion over 10 years.

Energy expert Amory Lovins says the United States can replace all oil and coal by the year 2050, without nuclear power, new federal taxes or subsidies, or new inventions. At the same time, we can grow the US economy by 158 percent.

UPDATE: The Kulluk ran aground late Monday night, with 150,000 gallons of diesel and oil on board.

A floating oil rig that was abandoned on Saturday in heavy seas in the Gulf of Alaska is being towed away from land — a second time.

An oil rig that was on its way to a Seattle shipyard from Alaska went adrift in the Gulf of Alaska on Sunday. John Ryan told Ross Reynolds about it on The Conversation.