Investment banks surveyed by The Wall Street Journal now predict that Brent crude, the international benchmark, would average $43 a barrel in 2016. That is up $2 from April’s survey.
Bad news for US oil producers, who are struggling to break even as drilling costs rise
Atmos has battled the theft of product from pipelines for almost 20 years. Our systems and engineers detect theft across the globe; a long list of diverse locations: Europe, Africa, Asia and Latin America. It surprises many to discover that much of the fuel stolen in Latin America is put to an unexpected and ominous use; the production of cocaine.
The most significant changes to the Act relate to absolute liability and financial resource requirements, abandonment, pipeline releases, damage prevention, as well as audit and enforcement powers.
AB 864 addresses the use of best available technology (BAT), including, but not limited to, the installation of leak detection technology, automatic shutoff systems, or remote controlled sectionalized block valves, or any combination of these technologies, based on a risk analysis conducted by the operator, to reduce the amount of oil released in an oil spill to protect state waters and wildlife.
