Tag Archive : Oil

/ Oil

The Indian Ocean island of Mauritius is still reeling from the devastating oil spill caused by the Panama-flagged, Japanese-owned vessel, The Wakashio. More questions are now being asked about the cause of the incident as the original claims start to unravel.

The first day that the Panama Maritime Authorities landed in Mauritius on September 8, they claimed that the captain had ordered a change of course to “find internet or a telephone signal.” 

While this captured many headlines, most in Mauritius were doubtful about this account, given that internet connectivity was easily available even 12 nautical miles off shore, where most vessels on the busy

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A common misreading of Darwinism is that only the strongest survive. Not quite. Charles Darwin argued that organisms that mutated to adapt to changing environments would, through a process of natural selection, lead to the evolution of new species. It had nothing to do with strength, but adaptability. And while the oil and gas industry has some of the world’s cleverest engineers and scientists, they don’t call it Big Oil because it’s especially good at change. We all know that if the energy sector’s cost structure does not evolve, the entire industry will end up like the prehistoric giants who provided the raw material for fossil fuels in the first place.

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The monumental Tesla Battery Day last week clearly wasn’t as monumental for some as they had expected. The day after the much-anticipated event, Tesla shares dropped by nearly 10%. This seems to be partly because the “million mile battery” wasn’t part of the presentation. The fickle investment community was hoping for an easily understood revolutionary announcement like an EV battery that will do a million miles without needing replacement. What they got instead was a series of incremental improvements based on technologies that were hard to understand and not very well explained. But the tail end of the Battery Day presentation was incredibly significant and foretells the final nail in the coffin of the traditional car industry based around fossil fuel propulsion.

Without much more than a single slide and a couple of sentences, Elon Musk delivered

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