In response to deep cuts in its budget, EIA announced that it would not be able to compile and publish products like its ongoing estimates of US oil reserves. In fact, EIA will not even be able to continue its investigation of whether speculators are driving up oil prices.
As all-electric cars are just arriving in showrooms, there is a new movie out called "Revenge of the Electric Car." It's by Chris Paine, who directed the 2006 documentary, "Who Killed the Electric Car?"
"The oil giants — BP, Chevron, ConocoPhillips, Exxon Mobil, and Shell—recently released their first quarter reports. Together, the big five's profits were 38 percent higher in the first quarter of 2011 than the same period last year."
"BP Exploration (Alaska) Inc. has agreed to pay a $25 million civil fine to settle a federal lawsuit over the largest-ever oil spill on Alaska's North Slope, according to a proposal filed in U.S. District Court in Anchorage on Tuesday."
"Shell Oil will present an ambitious proposal to the federal government this week, seeking permission to drill up to 10 exploratory oil wells beneath Alaska’s frigid Arctic waters."
"The federal government’s ability to gather and analyze energy data and produce market forecasts will be significantly impaired by the recently enacted budget cuts, the administrator of the Energy Information Administration said."
"Big coal is hardly in retrenchment mode. Four of the nation’s five biggest coal companies saw sales rise in 2010, even as the Obama administration blocks expansion of coal mines and focuses on greener energy."
Public meetings in Colorado, Utah and Wyoming from April 26 to May 5, 2011 will likely be newsy events, with advocates and critics representing industry, environmentalists, local governments, and other interested groups and individuals voicing their opinions.
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