Not everything goes as planned at Shell’s launch party in the Seattle Space Needle.
The Door to Hell, a cavern generously filled with natural gas, was discovered in 1971 by Soviet geologists. This gas rich area is situated near the village of Derweze, Turkmenistan 40°15′10″N 58°26′22″E. While drilling, the ground beneath the rig collapsed, leaving a large hole with a diameter of 70 meters / 250 ft behind. Authorities decided to burn the gas to avoid toxic discharge. The gas is still burning today, even though geologists initially estimated that the fire would use all the fuel in a matter of days.
Description from YouTube:
«Reuben Margolin, a Bay Area visionary and longtime maker, creates totally singular techno-kinetic wave sculptures. Using everything from wood to cardboard to found and salvaged objects, Reubens artwork is diverse, with sculptures ranging from tiny to looming, motorized to hand-cranked. Focusing on natural elements like a discrete water droplet or a powerful ocean eddy, his work is elegant and hypnotic. Also, learn how ocean waves can power our future.»
Learn more about Reuben Margolin here.
Lit Exxon logo via Wikipedia.
More Monday earnings here.
Earnings that matter: Ford, Chevron, Honeywell, Arch Coal, American Electric Power, Advanced Semi and T. Rowe Price.
Image via Wikipedia
Remember: Fourth quarter GDP!
I strongly support the arguments in this article adressing the outrageous American energy subsidies:
By Fábio Pinheiro via Flickr
If President Obama wants to set us on a path to a sustainable energy future—and a green one, too—he should propose a very simple solution to the current mess: eliminate all energy subsidies. Yes, eliminate them all—for oil, coal, gas, nuclear, ethanol, even for wind and solar. It will be better for national security, the balance of payments, the budget deficit, and even, believe it or not, the environment.
Full story from the Washington Monthly: Get the Energy Sector off the Dole.