When Hugo met Oliver

July 22, 2010 12:14pm  |  Comment | 

Oliver Stone’s new documentary, South of the Border, features new and emerging South American leaders from 7 countries that have nationalised their natural resources and “given them back to the people”. These leaders, in Stone’s portrayal, are the champions of the poor, and their rights, having raised people out of poverty and improving living standards by using natural resources based income for pro-poor reforms.

Speaking on the BBC’s Today programme on Wednesday morning, Stone, rejected the criticism that his documentary is “unrelenting positive” of Chavez, who has a record of political intimidation domestically and maintains friendly relationships with some of the most oppressive regimes in the world including the Iranian President, Mahmoud Ahmadinejad and the Libyan leader, Colonel Muammer Gaddafi.

“Oliver Stone: South America ‘is marching to a different drum”, Courtesy: BBC

Criticizing mainstream media in the US, Stone’s documentary is a polemical piece seeking to redress the imbalance in the media coverage on the natural resource politics in South America showing how nationalisation of oil in Venezuela to government ownership of minerals in Bolivia has benefitted the poor.

“Let the man speak for himself because he doesn’t get airtime”

Stone asserts that Chavez’s efforts had reduced absolute poverty by half, and cut extreme poverty by 70% and increased literacy rates which Stone suggests is

“probably the largest transfer of knowledge in human history”.

On literacy rates, World Bank figures show that literacy rate did improve under his leadership, but only from 89.8% in 1990 to 95.2% in 2007. Hardly the greatest transfer of knowledge in human history, especially when compared  to China’s improvement - from 77.8% in 1990 to 93.7% in 2008.

Chavez is “always thinking about others”, going beyond his means to match Obama’s donation to Haiti after the earthquake, Stone informs us.

Many remain unconvinced of this economic prosperity without full political and civil liberties; the Organisation of American States released a strongly worded report condemning the use of state’s punitive power in deterring political protests, harassing journalists and human rights defenders working in Venezuela.

After the oil price collapsed, economic hardship has led to a decline in Chavez’s popularity ahead of the elections in September. There are allegations from human rights groups of political persecution by the state to suppress dissident voices.

Stone’s reply to this is remarkably dismissive. “You are nit-picking” he says.

Venezuela has an active media which criticizes Chavez’s policies roundly, and Chavez has been re-elected twice in transparent elections, he adds.

Simmons, former Bush energy advisor: “We’ve now killed the Gulf of Mexico”

July 22, 2010 7:58am  |  Comment | 

Matthew Simmons, founder of the Ocean Energy Institute and former energy advisor to President George W Bush, spoke with Bloomberg TV  yesterday. Mr Simmons said that while the leak has been stopped from coming out of the riser, danger awaits five to ten miles away, where there is a more important leak caused by the explosion of the blow-out preventer. Here are some of the highlights from the interview.

Continue reading "Simmons, former Bush energy advisor: “We’ve now killed the Gulf of Mexico”"

Further reading

July 22, 2010 6:41am  |  Comment | 

- Gap plugged in nuclear fusion project

- Agencies differ on oil sands pipeline

- Shale deposits could bring $200bn for mid-Atlantic

- Ethanol or not to ethanol, that is the question Continue reading "Further reading"

Energy headlines

July 22, 2010 5:53am  |  Comment | 

- Storm threat stalls BP relief well - Upstream

- 4 oil firms commit $1bn for Gulf rapid-response plan - NY Times

- Energy firms step up lobbying efforts - WSJ

- ONGC in BP talks over Vietnam assets - FT

- BP defends CEO, eyes new option for plugging well - Reuters Continue reading "Energy headlines"

FT Podcast: Energy Weekly with Ed Crooks

July 22, 2010 12:34am  |  Comment | 

Erasing the mistakes: BP’s lessons in Photoshop

July 21, 2010 4:52pm  |  Comment | 

The altered image, © BP p.l.c.

Just when it seemed BP had reversed some of the PR damages of the spill, it appears to have hit trouble yet again.

Courtesy of AP, BP has acknowledged that an altered photo exaggerating the activity at its Gulf spill command centre in Houston was been posted on its website over the weekend.

The picture which showed BP staff monitoring a bank of ten large video screens displaying underwater images, had three that were blank in the original,  said spokeperson Scott Dean.

The original picture, © BP p.l.c.

A staff photographer had then used Photoshop software to add extra images.

Mr Dean said on Tuesday the company put the unaltered picture up on BP’s website on Monday after a blogger for the Americablog wrote about the discrepancies.

Mr Dean added that the photographer was showing off his Photoshop skills and there was no ill intent. He also said BP has ordered workers to use Photoshop only for things like color correction, cropping and removing glare.

Energy ministers’ summit ends with promises and initiatives

July 21, 2010 3:43pm  |  Comment | 

Ten exciting new initiatives! Those are the results from the first “Clean Energy Ministerial” summit held in Washington DC on Monday and Tuesday.

The initiatives, we are told, will do all of the following: cut energy waste; help deploy smart grid, electric vehicle, and carbon capture technologies; support renewable energy markets; expand access to clean energy resources and jobs; and support women pursuing careers in clean energy.

If they are all successful, they will “eliminate the need to build more than 500 mid-sized power plants worldwide in the next 20 years”.

Aside from the ambiguity of this - does it mean they will produce as much energy as 500 mid-sized power plants, but without the carbon, or does it mean as a result of these operations, the world will need to build a mere 500 mid-sized power plants and no more? - it does all seem just a little lacking in detail.

There was nothing on how much these iniatives would cost, and where exactly that money would come from.

TVs and lighting, and how to make both more efficient, will be the focus of one initiative aimed at “incentivising the deployment of super-efficient appliances”. Separately, the Global Superior Energy Performance (GSEP) Partnership will “help large buildings and industrial facilities measure and manage their energy use, which will save money and reduce greenhouse gas emissions”.

The Electric Vehicles Initiative will “enhance global cooperation on the development and deployment of electric vehicles”.

And of the 24 ministers there, 15 signed their governments up to the International Smart Grid Action Network. Which will “accelerate the development and deployment of smart electricity grids”.

The next Clean Energy Ministerial will be next spring, in the United Arab Emirates, where we will find out whether any of these initiatives has achieved anything yet.

More criticism of BP’s drilling practices, but this time from a competitor

July 21, 2010 12:35pm  |  Comment | 

Speaking at the Aspen Ideas Festival, of which Shell is a sponsor, Joe Leimkuhler and John Hollowell of Shell Upstream Americas explained the engineering behind deep-sea oil drilling.

In this informative and clear presentation (watch video below: provided courtesy of Aspen Ideas Festival) Mr. Leimkuhler details best off-shore drilling practices in the industry. He highlights, in a side by side comparison with Shell’s own design, how BP’s Macondo well lacked crucial fail-safe safety mechanisms, which according to him, comprise Shell’s global standards in offshore drilling.

In response to the US authorities’ efforts in seeking a moratorium on all deepwater drilling, Mr. Leimkuhler defended Shell’s wells and called on a moratorium on off-shore drilling using the cheaper “long string” design wells, like the Macondo Well. These currently account for 26 percent of all off-shore wells that have been drilled in the Gulf of Mexico since 2003, including two that Shell has drilled itself.

The presentation is part of a concerted effort by Shell to advertise its offshore drilling safety standards, and to differentiate itself from BP.

When the Alaskan communities expressed concern over the safety of offshore drilling standards, Pete Slaiby, the vice-president of Shell Alaska told the BBC:

“The Gulf of Mexico may have been a wake-up call for some but not for Shell”

Further reading

July 21, 2010 6:27am  |  Comment | 

- ‘Static kill’: an end to the Gulf spill drama?

- New York mandates cleaner heating oil

- Seeking a climate bill compromise

- Finger pointing on oil shifts to Bush era Continue reading "Further reading"

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