Rep. Henry Waxman (D-Calif.) recently renewed his request that the House Committee on Energy and Commerce investigate the role of Koch Industries in the Keystone XL pipeline. Waxman, the ranking minority member of the committee, made his request in a...
In less than two weeks the Congressional Supercommittee must submit a plan to Congress to reduce the deficit by at least $1.5 trillion. One of the big questions is whether the Supercommittee will recommend cutting billions of dollars in subsidies...
Investors may have poured their cash into the rogue’s gallery that is the new venture by Tony Hayward and “Nat King Coal” Rothschild called Vallares. As I blogged yesterday, Vallares was over-subscribed raising just over $2 billion to buy assets...
As I have often written about in the past, the oil industry is all about risk and reward. At some stage it has to lure large scale investors to bet large amounts of money that it has found large reserves...
Just as BP slowly begins to rebuild its tarnished reputation, it has slipped up again. Not in a catastrophic company-threatening way like it did last year but a much smaller spill, this time in Alaska. Although the amount spilt –...
Sixteen years ago I wrote a book called Green Backlash, that looked at the growing backlash against the environmental movement worldwide. One chapter, called "Culture Wars and Conspiracy tales", looked at the warped view of many of the conspiracies of...
Numerous recent polls reveal that the American people believe that Congress is more responsive to their campaign donors than their own constituents. In addition, Americans of all affiliations clearly favor ending oil industry handouts. The question is, whose side is...
Was the western intervention in Libya primarily driven by oil? The answer depends on who you ask, but as usual, in the volatile mix of international politics, oil is never far from the surface. It certainly helps the case of...
It is widely accepted that people give money to politicians to curry favour and buy influence. So there will be no surprises that there are smug smiles on the faces of the oil and coal barons this week as the...
According to a report recently released by the National Institute on Money in State Politics, politicians in the Gulf of Mexico are awash in oil and gas industry contributions. Oil and gas companies, along with their owners and employees, gave...
