While many impoverished American families are shivering in the winter cold for lack of money to pay the oil baron their exorbitant price for home heating oil, ex-oil man, George W. Bush sleeps in a warm White House and relishes...
Happy Christmas Alaska. Exxon’s present to those desperate for compensation from the Exxon Valdez oil spill is its new defence in the U.S. Supreme Court that the $2.5 billion verdict the company was ordered to pay conflicts with more than...
The European car industry has pledged to fight the already watered-down plans to reduce CO2 from new cars. Leading the fight will be the Germans and their powerful car industry, which is dominated by gas-guzzling cars like BMW, Porsches and...
Great article from Charlie Cray in the Huffington Post:"It felt like I'd just walked onto the set of the sequel to Jurassic Park. There was an industry dinosaur who I'd thought was gone for good." He continues: "But no. Former...
Great article in yesterday’s New York Times about the battle in the Arctic over oil and the threat to the way of life of the Inupiat. As the Times says: “The culture and traditions of the Inupiat revolve around whaling...
Brazil is to consider joining OPEC after it has gauged the impact on its oil exports from its newly discovered giant offshore Tupi oil field. Isnard Penha Brasil said that "a membership decision will come after we know what our...
Slowly but surely the unthinkable is becoming thinkable. The days of “peak” are fast approaching, and such is the shortage of new areas coming on stream that there is a “production ceiling” to the amount of oil that can be...
Venezuelan President Hugo Chavez is proposing that OPEC should sell oil to poor countries at dramatically lower prices than those paid by wealthy nations, says the International Herald Tribune. Chavez will ask members of OPEC to consider a plan to...
BP agreed last night to pay $303m to settle charges that it had manipulated the propane gas market in the United States. BP was charged last year with price-rigging by cornering the propane market during illegal energy trading in 2004....
The amount of carbon dioxide being absorbed by the world's oceans has reduced, according to a new scientific study. University of East Anglia researchers gauged CO2 absorption through more than 90,000 measurements from merchant ships equipped with automatic instruments. Results...
