In this clip (in order of appearance):
Lieutenant Governor John Garamendi, Chair, California State Lands Commission
Joe Geever, California Policy Coordinator, Surfrider Foundation
Louise Rishoff, District Director for Assemblymember Julia Brownley (D-Santa Monica)
Linda Krop, Chief Counsel, Environmental Defense Center, representing Get Oil Out and Citizens Planning Association of Santa Barbara County
Rudy Vietmeier, Sierra Club
Video by AGP Video.
SANTA MONICA The California State Lands Commission (SLC), the state agency responsible for approving new oil leases in California, today voted for a resolution to reject a Department of Finance proposal to bypass the SLC to permit oil drilling off the coast of California. Lieutenant Governor John Garamendi, chair of the SLC, joined State Controller John Chiang in favor of the resolution, while commission member Tom Sheehy, Chief Deputy Director for the Department of Finance, did not cast a vote as he had to leave the hearing early due to a family emergency.
The State Lands Commission has had the authority to approve oil leases in California since 1937. A copy of the resolution is below.
This is a deliberate attempt to overturn the decision of this body, the State Lands Commission, a decision that was based on the finding that this proposal was not in the interests of the state, Lieutenant Governor John Garamendi said. The proposed legislation gives the power to move forward the lease to the Department of Finance, not the legislature.
This is a blatant power grab; the Department of Finance deliberately misrepresented the level of political support behind this, said Susan Jordan, director of the California Coastal Protection Network. It was appalling to watch. They dont like the decision made by the State Lands Commission, but that is precisely why we have an independent commission.
The three-member State Lands Commission originally considered the request to lease land to the Plains Exploration & Production Company to expand drilling off the coast of California in late January, but Garamendi joined State Controller John Chiang in a two-to-one vote to defeat the proposal.
The new drilling proposal offers California a $100 million loan that must be repaid by forgiving future royalty payments to California. This is an incredibly reckless fiscal policy, added Garamendi, chair of- the California Commission for Economic Development. The cleanup costs for 2007s Cosco Busan oil spill in San Francisco exceeded $70 million, and that was a comparatively minor spill compared to whats possible. California should leave new oil production in the 20th century and reassert its leadership in renewable energy production.
Duration : 0:9:1
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GM says its product plans will be based on the assumption that oil prices will be headed up to $130 a barrel. The Fiat 500 will be built by Chrysler in Mexico starting in 2011. T. Boone Pickens invests in a start-up California-based auto company. All that and more, plus a look at the supercharged Jaguar XFR.
Duration : 0:7:1
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The global oil production is about to peak. Many countries have already peaked and now on the decline.
We have not been discovering any new souces of oil for already a while, with the end of discoveries, the end of production is just around the corner.
There will be fundamental changes to our societies, we will no longer have the oil and gas to fuel our progress.
Duration : 0:5:51
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Peak Oil is the point of maximum production rates… it is not about “Running out of oil”
When peak oil production is reached, and demand for oil continues to soar. Then the price of oil will continue to go up.
Links in the Video:
Bakken Formation (wiki): http://en.wikipedia.org/wiki/Bakken_Formation
Video on Energy-Return-Over-Invested: http://www.youtube.com/watch?v=ztgz-QOOrs8
Duration : 0:5:26
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Quite possibly MC Paul Barman’s most important work to date–Oil chronicles the impending peak oil/climate change crisis humanity currently faces. Production by MF DOOM.
In memory of Thomas Sankara, African hero.
Dedicated to revolutionaries and environmentalists worldwide.
Duration : 0:2:13
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At a meeting of the OPEC export countries in Isfahan (Iran) on Tuesday, President Mahmoud Ahmadinejad declared that the record high price for oil is fake and deliberate, and that the oil market supplies are plentiful, and he blamed the weakening of the US dollar for the skyrocketing prices.The US and other consumers want producers to boost their output but Iran, which is the fourth largest exporter in the world, has said it sees no need to do so. Ahmadinejad suggested that a bank of OPEC members be created to act as a counterweight to US influence in the world.
The high price of oil sure looks real if you’re paying for it in dollars. But even if you’re paying for it in Euros or Shekels it still looks real. I wouldn’t characterize it as ‘fake’ and I certainly wouldn’t blame all or even most of the increase on the weak dollar.
The price of oil has gone up because of increased demand from industrializing countries like India and China. There are two ways to bring prices back down, each of which essentially comes down to increasing supply. Those ways are directly increasing supply, either through increased sales by OPEC members or by other countries that are new to the market, and indirectly increasing supply by pursuing alternative fuels and energy sources.
In the short run, the only thing that is likely to help is increased supply from OPEC. That’s why President Bush pushed the Saudis on the issue during his visit there last month. But in the long run, the other two methods must be pursued. We’ve known that the world oil supply is vulnerable for nearly 35 years now, and very little has been done in terms of either exploring for new sources of oil or developing alternative sources of energy. This morning, US President George Bush is set to take a step in the right direction on oil exploration, urging Congress to drop a long-standing ban on offshore oil and gas exploration. But more must be done.
We must continue to pursue alternative energy sources even at times when oil prices are stable. As was the case with recycling – which did not seem to be economically viable thirty years ago, but which is now regarded as an absolute necessity in much of the world (unfortunately not in much of Israel) regardless of its costs – so too we must pursue alternative sources of energy even if they don’t seem to be profitable at first. If necessary, the pursuit of alternative energy sources should be pursued by the incentive of tax breaks for significant investments. The alternative is leaving the civilized world dependent on the likes of Mahmoud Ahamdinejad and Muamar Gadaffi. And that’s not something we ought to want to leave to our children.
Duration : 0:1:32
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Jan. 29 (Bloomberg) — Pavel Molchanov, an analyst at Raymond James & Associates, talks with Bloombergs Julie Hyman and Mark Crumpton about the outlook for Chevron Corp. after it said fourth-quarter net income dropped 37 percent as slumping demand for diesel and gasoline outweighed gains from oil production and prices.
Molchanov also discusses prospects for the company’s refineries and the outlook for Exxon Mobil Corp.’s earnings. (Source: Bloomberg)
Duration : 0:4:42
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It seems that, w/ Kuwait & Iraq possibly excludible, OPEC now has less margin to play with in decreasing total production; most members won’t reduce production below a certain ceiling, or else imperil their "minimum projected income" despite increased prices. In case of OPEC supply reduction, can’t producers like Britain, Ireland, Norway, Canada, Alaska & perhaps even Russia get together as a counter-consortium to take up the slack (if Iraq & Kuwait are removed from equation) ?
The non OPEC countries have very little spare capacity. In the long term, development of the Canadian oil sands could increase supply at a higher price, but the production facilities are not now in place.
http://www.cattlenetwork.com/content.asp?contentid=128060
"The growth in global oil consumption from 2006 through 2008 is expected to be roughly double the growth in non-OPEC oil supplies. Non-OPEC production (excluding Angola) is expected to grow by roughly 0.8 million bbl/d in both 2007 and 2008. Output growth from non-OPEC countries reflects strong gains from new projects in the Caspian Sea, Sakhalin Island in far-eastern Russia, Africa, Brazil, and the United States. However, declining production from mature basins in the North Sea, the Middle East, Mexico, and Russia will offset the growth potential from these new projects."
1960 – 319
1970 – 1,577
1980 – 1,034
1990 – 1.082
2000 – 1,741
By what percent did the daily offshore oil production (The numbers) increase from 1960 to 2000. Round to tenths
Please tell me HOW you got the answer as well
I am studying, and this isn’t homework, I’m in college, and trying to do a study guide for a test. The book says the answer is 445.8, but i’m not sure how to get that is the problem
I am studying, and this isn’t homework, I’m in college, and trying to do a study guide for a test. The book says the answer is 445.8, but i’m not sure how to get that is the problem
Your book should tell you how to get the answer.
2000-1960= x
x/1960=y x 100= %
——-
1741-319=1422
1422/319= 4.46 x100= 445.77%
——-
Check your work:
4.46*319=1422.8, which is approximately the difference.
Hope this helps.