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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

At present, the main issue being reported on is that there has been corrosion of the water injection system, which is used to keep pressure in the reservoir. The current reports are not really worrying, as corrosion control in a water injection system is only a technical challenge.

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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

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Nigeria or Algeria cannot do the same for their oil industry. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. China is keen to improve air and water quality and build ‘national champions’ in industry. —Goldthau et al.

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