Some say that corruption always starts at home. The CEO of VECO, an oil field services company, has pleaded guilty in an American federal court to bribing Alaska lawmakers during negotiations over a proposed natural gas pipeline. Bill J. Allen,...
General Motors has become the first American carmaker to join a business coalition dedicated to reducing greenhouse gas emissions. The nation’s biggest automaker joined the United States Climate Action Partnership along with 13 other newcomers including Dow Chemical and PepsiCo....
As US gasoline prices hit a near-record $3.05 a gallon, Democrats in Congress are promoting legislation taking aim at Big Oil - although industry experts say that the efforts aren't likely to have any effect at all. Sen. Charles Schumer,...
The average national price of a US gallon of gasoline hit US$3.073 on Monday, up almost a penny from Sunday‘s also record-setting price. Gasoline is now well above the previous record of $3.057, set on Sept. 5, 2005, soon after...
After two years as President at the World Bank, Paul Wolfowitz, architect of the Iraq war, tendered his resignation on Thursday evening. "I have concluded that it is in the best interests of those whom this institution serves for that...
Development of the remaining untapped oil reserves will push world production to its ultimate peak as early as 2020, before a long, slow decline begins near mid-century, according to petroleum geologists, speaking at their annual conference. "The peak in world...
Environmental organizations today applauded Rep. Maurice Hinchey (D-NY) for introducing legislation that seeks to end subsidies for the international operations of oil companies. The “End Oil Aid” bill, introduced yesterday, calls on international financial institutions including the World Bank, Export...
The Independent newspaper leads on its front-page that the map of Greenland will have to be redrawn. A new island has appeared off its coast, suddenly separated from the mainland by the melting of Greenland's enormous ice sheet, a development...
In the third of three major policy addresses, Republican presidential candidate, John McCain has talked about the “great and urgent challenge - breaking our nation's critical dependence on foreign sources of oil”. In a speech to the Center for Strategic...
You knew he had to be there, even if we didn't know his name before. As ace reporter Daphne Eviatar reveals in this month's American Lawyer, Ronald Jonkers is the oil industry's man in Iraq - and US taxpayers are...
