Hints and tips:
...Oil tankers do not just need to insure expensive cargoes but against liabilities such as Exxon Valdez-style spills with multibillion-dollar clean-up costs....
...Now oil production is expected to be 13m b/d next year, with net imports of just 4.6m b/d....
...the design of the Valdez....
...At its peak in February 2006, the US imported 1.3m b/d from Nigeria – equal to roughly one super-tanker the size of the Exxon Valdez every day....
...As less oil has flowed through the Trans-Alaska Pipeline, which carries crude from the North Slope to the Valdez terminal on Alaska’s south coast, it has become colder and moved more slowly....
...Government scientists have said the leak could be as much as 60,000 b/d, but Admiral Allen said about 35,000 b/d was the “most probable” figure....
...Exxon Valdez disaster every week....
...Both Mr Hayward and Mr Svanberg have been strongly criticised for their response to the spill, the largest ever in US waters, exceeding many times over the Exxon Valdez tanker disasterof 1989....
...Global oil demand is now thought to have been 84.8m b/d in 2009, a drop of 1.4 per cent from the year before. This year, the IEA expects oil demand to grow by 1.9 per cent to 86.4m b/d....
...On Tuesday, the tube was collecting about 8,000 barrels of oil per day, although the scientists concluded at least a further 3,000 b/d was still escaping....
...The IEA expects efforts to improve safety and environmental standards to be redoubled, and anything between 300 thousand b/d and 800 thousand b/d of oil supply included in their outlook could be lost, which...
...But our biggest problem will be not running over the Marjorie B.”...
...Each of the ones we remember – Titanic, Bounty, Beagle, Spray, Victory, Mayflower, Exxon Valdez – summon up in a few syllables a wealth of history, adventure or human folly....
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