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Period: to
20 Year Span
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Kyoto Agreement / Kyoto Protocol
Kyoto Agreement proposed to limit greenhouse gases -
Oil - $17 a barrel - Average Hourly Wage - $13.50
Less that 90 minutes of work could buy you a barrel of oil. That’s 90 minutes of labor to buy a barrel of oil containing fossilized energy equivalent to 23,200 hours of human work output. -
Algerian Explosion halts Oil Production
Explosion at an LNG plant in Algeria halts oil production -
Oil - $147.02 a barrel - Average Hourly Wage - $18.50
A whole day’s work was required to pay for a barrel – a lot longer than the ~90 minutes at the end of the 20th Century. -
BP Gulf of Mexico Oil Spill
During April of 2010, BP's Gulf of Mexico oil drilling rig Deepwater Horizon exploded and sank resulting in the death of 11 workers and the largest spill of oil in the industry of marine oil drilling operations. Since this accident multiple added sensors have been made mandatory to ensure that proper maintenance and operation can be more strictly watched. EPA Article -
Worldwide oil prices drop more than 50%
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Oil & Gas Climate Initiative
Ten of the world's largest energy companies signed COP 21 - Paris Climate Summit to commit to help keep global warming below two degress Celsius above pre-industrial levels. OGCI CEO Declaration - COP 21 -
Digital disruption in oil and gas: Are we there yet?
Article about digital disruption and how it has both helped and hindered companies in the past. Link