On April 20 at 10:43 a.m., a young BP PLC engineer sent a 173-word email to colleagues aboard the Deepwater Horizon drilling rig. The email spelled out a recent change to a key safety test that sparked confusion and debate aboard the rig.
Less than 12 hours later, the rig was engulfed in flames so hot they melted steel. Eleven workers were dead.
The worst offshore oil spill in U.S. history had begun. Read more.
John Licata, Chief Commodity Strategist of Blue Phoenix and Editor of The Commodity Chronicles, sits down with Reuters Insider to discuss uranium.
TEHRAN — Thirty-six years after construction began under the shah, Iran finally opened its first nuclear power plant at a ceremony on Saturday.
Attended by senior officials from Iran and Russia, which helped build the station through years of concern by the United States and other Western nations that Iran was using its civilian program to mask a plan to build a bomb, the ceremony marked the beginning of the transfer of low-enriched uranium fuel rods from a storage site into the plant. Read more.
John Licata, chief commodity strategist at Blue Phoenix Inc. and editor of The Commodity Chronicles, talks with Bloomberg’s Pimm Fox about a “bull” market for uranium trading and the risk of U.S. trading tensions with Russia if the country supplies Iran. Click the following link to listen to the podcast Licata Bloomberg 8-18
Today marked a significant turning point in the balance of power throughout the world. Complete with Russian expertise and technology, the Bushehr nuclear power plant is scheduled to go online August 21st, 2010. Despite all the rhetoric, this game-changing day will be studied many years from now as the day the west either folded or stood up to this dangerous rogue regime. Read more.
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John Licata, Chief Commodity Strategist for Blue Phoenix, discusses key points of the refinery space and the best ways to play the sector. Click here to access Blue Phoenix’s exclusive video content for Reuters Insider.
