As Hurricane Ike took over the Gulf of Mexico, I watched with unusual interest, since I had been scheduled to fly through Houston to give a lecture in Baton Rouge on Friday. We had to cancel that visit to LSU, which left me to contemplate the consequences of Hurricane Ike for oil and gas markets from the comfort of my warm, snug home in San Diego.

Hurricane Ike on Sept. 12. Source: Drudge.

Essentially all of the 1.3 million barrels per day of U.S. crude oil production from the Gulf of Mexico (which accounts for about a quarter of total U.S. production) has been shut in as a result of the storm. When the same thing happened 3 years ago with Hurricane Katrina, the effects turned out to be surprisingly long-lived. Damage to offshore rigs proved costly to repair,

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As most have likely noticed, when it comes to oil and gas the wild west of the US 1880’s has come to central Europe/Asia. Find it, drill it and get it to market is the cry of the day. It doesn’t matter what gets in the way, just get the product to market for sale. Just as in the US’s oil history, there have been stumbling blocks for central European oil companies to overcome, but if a company can offer a service to solve the stumbling block, profit will be waiting on the other side.

Caspian Services Inc., an oil and gas services company, works to offer oil and gas services primarily in the on/offshore oil and gas development regions of Kazakhstan-Caspian Sea. The company offers a full range of oil and gas services but specializes in the unique services required to operate in the Caspian Sea oil and gas markets.

The

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Excellent results increase potential that Kyoto Credits will be available for operators utilizing Wescorp’s remediation units

Wescorp Energy Inc. (OTCBB: WSCE), an oil and gas technology solutions provider, is pleased to announce that Nitrogen Testing on its 2,000 barrel per day commercial water remediation test unit has been successfully completed. Wescorp’s water remediation units use a patented technology that provides safe, effective and economical separation of oil and solids from produced water. The purpose of Nitrogen Testing is to use only Nitrogen gas in the microscopic bubble generator to produce environmentally friendly by-product gas. The 60-day test has been successful in consistently cleaning produced water at the test site to less than 0.005% (50 parts per million) oil. Use of the Nitrogen version of Wescorp’s environmentally friendly process can additionally help in obtaining Kyoto carbon tax credits.

“The successful results from the nitrogen tests for our

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