BP's CEO, John Browne, has warned that fear was driving the price of crude to artificially high levels, with "untold consequences" for the global economy. He argued that turbulence in Iran, Iraq and Nigeria was leading to continual speculation about...
As crude-oil prices hit record highs, US congressional leaders are planning to ask President Bush to order an investigation into possible price gouging by oil companies. House Speaker Dennis Hastert and Senate Majority Leader Bill Frist, plan to send a...
BP's pipes in Alaska might be leaking like a sieve, but its coffers are nice and healthy. North Slope crude oil closed above $70 a barrel for the first time on Wednesday – on the back of concerns about Iran...
Given what we have been saying about BP on the site recently, it is amusing to read a a different angle from Thomas Borelli, the editor of FreeEnterpriser.com and a senior fellow at The National Center for Public Policy Research,...
It looks like Exxon is about to be booted out of Venezuela, the fifth largest oil-exporting nation. On Wednesday, Venezuela's oil minister said that Exxon was no longer welcome. "We said we don't want them to be here" Minister Rafael...
Great article on Alternet today by Chad Heeter about the amount of fossil fuels needed to make your average breakfast. According to Heeter "an average of over seven calories of fossil fuel is burned up for every calorie of energy...
BP – the oil company that is running an unprecedented public relations campaign trying to portray the company as green and caring - was last week responsible for the largest ever oil spill on Alaska’s North Slope. Last week’s spill...
The George Clooney movie, Syriana opens in cinemas across Europe this week. Some oil campaigners believe that any film that tries to portray the deep-rooted web of connections between oil companies and politicians is a worthwhile exercise. Others think that...
Although Russia has now switched the tap back on allowing gas exports to resume at full strength to the Ukraine, the ramifications of the dispute are still rumbling across Europe. You could argue that the Russian action could be beneficial...
Control of Iraq's future oil wealth is being handed to multinational oil companies through long-term contracts that will cost Iraq hundreds of billions of dollars.
