24 Aug '11, 8pm

Brazil Builds $127 Billion "Offshore City" to Harvest Oil in the Deep Sea

Brazil Builds $127 Billion "Offshore City" to Harvest Oil in the Deep Sea

Photo credit: Strocchi via Flickr/CC BY Want to get a feel for how crazy the post-peak oil fossil fuels industry is getting? Here's as good an example as any: Brazil's state-owned oil company Petrobras is about to embark on an unprecedented oil-gathering mission. It's about to attempt to extract 30 billion barrels of oil from reserves that are locked in deepwater sub-salt fields at least 60 miles off the coast and up to five miles underwater. In order to get at the incredibly hard-to-get oily good stuff, Brazil is spending an estimated $226 billion -- and $127 billion will be spent on exploration and production alone. The product of that venture is already taking shape: a veritable floating "offshore city" has sprung up over 100 kilometers (62 miles) off the coast of Brazil, and it will lead the effort to drill into the deep sea sub-salt. One oil worker told GE's Txchnolog...

Full article: http://www.treehugger.com/files/2011/08/brazil-offshore-c...

Tweets

Environmental Policy news: Scientists call for better management of the deep sea

Environmental Policy news: Scientists call for ...

enn.com 26 Aug '11, 4pm

RELATED ARTICLES Birds' lifespans are written in blood December 14, 2010 08:09 AM Scientists move closer to predicting vol...

The world’s most beautiful city - The world's m...

aluxurytravelblog.com 25 Aug '11, 9pm

The world’s most beautiful city was discovered on 1st January 1502 by the Portuguese fleet led by Pedro Alvares Cabral. Th...

Doing more with the +1 button, more than 4 billion times a day

Doing more with the +1 button, more than 4 bill...

adwords.blogspot.com 24 Aug '11, 5pm

Clicking the +1 button is a great way to highlight content for others when they search on Google. But sometimes you want t...

In U.S., Offshore Wind Realizing The Power of a...

renewableenergyworld.com 24 Aug '11, 4pm

It’s been a decade since Cape Wind left jaws agape with its plan for a 420-megawatt offshore wind development in Nantucket...

フォルクスワーゲンは1.4ビリオンダラー 風力発電に投資することを決定。これからは電気自動車だから自分たちの電源を、ということらしい。いかがでしょうか、日本の自動車産業も。http://t.co/rSeyydO

フォルクスワーゲンは1.4ビリオンダラー 風力発電に投資することを決定。これからは電気自動車だ...

green.autoblog.com 29 Aug '11, 5am

Volkswagen is getting ready to open its pocketbook in a thunderous way. Financial Times Deutschland reports that VW will t...

The Peak Oil Crisis: A Billion Vehicles

energybulletin.net 01 Sep '11, 12am

Last month Wards Auto published a story pointing out that the world's motor vehicle count was now over 1 billion. As could...

Guest Post: The $200 Billion Energy Question: T...

greentechmedia.com 25 Aug '11, 6pm

The U.S. stands at an energy crossroads. With or without new direction from policymakers, huge sums will be invested in th...

The peak oil crisis: a billion vehicles | Energ...

energybulletin.net 01 Sep '11, 12am

Last month Wards Auto published a story pointing out that the world's motor vehicle count was now over 1 billion. As could...

$7 billion gets you a dirty oil pipeline or a w...

mnn.com 31 Aug '11, 2pm

And for those of you who say I'm comparing apples and oranges -- oil barrels and kilowatt-hours -- I have this to say. Ene...

New blog post: Escape From City 17 - Part Two

blog.dk.sg 25 Aug '11, 9am

Remember Escape From City 17 ? I almost forgotten about it. The first episode was release in 2009. Took them 2 years to re...

Wading Into New York City's Future: New York Ci...

green.blogs.nytimes.com 26 Aug '11, 10pm

Better get used to it. More frequent and intense storms are what studies and New York City’s own panel on climate change h...

Money Supply in an Energy Scarce World, Peak Oi...

peakoil.com 29 Aug '11, 7am

* Gold was primarily an energy currency because more energy meant more gold, and cheaper energy made cheaper gold. * Gold ...

There are Now One Billion Cars Stuck in Traffic Around the World

There are Now One Billion Cars Stuck in Traffic...

treehugger.com 25 Aug '11, 7pm

Photo credit: Cory M. Grenier via Flickr/CC BY-SA According to the most recent stats, there are now a record one billion c...

Why the focus is shifting to Brazil - The world...

aluxurytravelblog.com 30 Aug '11, 3pm

The world’s attention will be shifting to Brazil over the next few years because it is due to host the world’s two biggest...

Countdown to $100 oil- deja vu?

Countdown to $100 oil- deja vu?

theoildrum.com 26 Aug '11, 8am

Data for Brent from the EIA , 1 year moving average roughly equals 5 trading days per week divided by 7 days per week = 26...