What is known is that the oil slick should reach the Gulf of Mexico shore within a few hours. The clean up effort is costing BP and partners around $6 million a day due to laws passed after the Exxon Valdez oil spill in 1989 which requires oil companies to cover all expenses related to clean ups. It’s estimated that the clean up could take 3 months or even longer bringing the cost of the clean up to over $270 million. The amount of oil being leaked into the ocean will exceed that of the Exxon Valdez spill by mid June at the current rate.

British Petroleum (BP) is down almost 9% as of this moment and could continue to plummet depending on how clean up operations progress and what an investigation of the cause of the explosion reveals.

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In addition to the financial toll there is also the 11 workers who have been missing since the explosion. All hopes of finding them alive are slipping away as the oil rig crumbles into the ocean. There will undoubtedly be a large environmental toll taken on the ocean life and ecosystem as well. I have to wonder what the effects of this will be on the US and world population that is already struggling with the debate about climate change and renewable energies.

Just a short while ago President Obama mobilized federal resources including the Department of Homeland Security, Environment Protection Agency, and others to oversee clean up operations and investigate the cause of the explosion.

There has been an incredible amount of public backlash about this oil spill and an already despised oil industry is dealt another blow to their public image. One thing is certain and that is that this event has brought renewable and alternative energy as well as clean and green energy to the forefront of public thought again.

This could mark the first steps in a truly affordable consumer electric car. I’ve always believed that Tesla Motors would be the company to make electric cars a viable option for the public at large and it appears my suspicions might be confirmed in the coming years.

Electric cars are held back by two technological hurdles. The first is that they take a few hours to charge from empty to full. People don’t want to have to wait so long between charges. Gasoline only takes you a minute or two at most and people have come to expect this. The second problem is how many miles of driving you can get out of a single charge. Currently most electric cars have a range of around 80-250 miles before they need to be recharged. This of course varies dramatically depending on the weight being carried, terrain, etc.

However, the Model S could solve some of these problems. It has a range of 300 miles on a single charge and uses “QuickCharge” technology to reduce the charging time to 45 minutes. All of this in a sedan that seats 7 and has a price tag of $49,000. The car also has quite a sporty appearance and should appeal to vehicle enthusiasts as well with it’s 0-60 time of 5.6 seconds.

Official Model S Site
Read more here.

Hope you like the new site and find it easier to navigate. That was the overall goal of upgrading with the secondary purpose being making my life easier when I add new things to the site.

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