Why hasn't the rising market price of oil plunged the world into a global recession? I'm not going to pretend I know the answer but a few otherwise unrelated articles I read today got me thinking about whether or not...
After a two-year investigation, the US Securities and Exchange Commission has announced it will not be taking any action against former Shell boss Sir Philip Watts. The ex-Shell Chairman was being investigated over the oil and gas reserves overbooking crisis...
US Representative Jeb Bradley, Republican of New Hampshire, is under fire for owning nearly $1 million in oil, gas and electric company shares, whilst consistently “voting with energy interests since taking office, often stripping key environmental and consumer protections in...
Trouble is brewing for the oil industry is Latin America. First it was Venezuela that refused to privatise its oil industry and then slapped an 80 per cent tax on their operations- Bolivia followed suit by renationalizing foreign oil companies’...
If you thought the new Iraqi government would govern Iraq for the people, well, I''m sorry. Think again. Good article on Alternet today about who controls Iraq's oil fields. It quotes Antonia Juhasz, author of “The Bush Agenda,” who has...
The headline says it all: "The Man Who Sold the Planet". Today’s Independent newspaper launches a major offensive at Exxon and Lee Raymond, the "Darth Vader of global warming" for their “denial that carbon emissions cause climate change”. Reporting on...
As I write, another teeming downpour pounds northwest Vermont. Over seven inches of rain fell in May, more that twice the average and a new record. A record summer for mosquitoes is predicted, even if the rain abates. A mild...
Anyone who thinks ethanol is the answer to US transportation needs, should read this great article by CorpWatch about ethanol and Archer Daniels Midland, the largest producer of ethanol in the US. The company is proposing producing ethanol from coal...
It could be seen as an act of greenwashing bravado or one of true corporate social responsibility. But one of the biggest emitters of greenhouse gases, Shell, yesterday joined other British companies in urging Tony Blair to set stricter limits...
A leaked email has revealed that BP faces criminal investigation into the huge 270,000 gallon oil spill the company caused in Alaska in March. Although BP received the subpoena in April from a Grand Jury, it has only now become...
