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Saudi Arabia Promises to help Reduce CO2 Emissions in Oil Industry

Saudi Arabia, the world's biggest oil exporter and therefore the world's largest indirect polluter, has finally signalled it will help the fight against global warming through, wait for it, helping research into reducing greenhouse gas emissions in the oil industry!...

More on The Great Iraq Oil Grab

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...

More Shell Greenwash

More greenwashing from Shell. The company has just released it Sustainability report for 2005. Shell and sustainability you might reason is a contradiction in terms. Not so, argues the company. The report is part of is “continuing dialogue with stakeholders,”...

BP: Fear and Speculators Driving Up Oil Price

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...

Are Oil Companies Price Gouging?

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...

North Slope Crude Breaks $70 a Barrel for First Time

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...

BP: Beyond Pathetic

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,...

Exxon No Longer Welcome in Venezuela

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...

Feeling Peckish? How Your Breakfast Fuels Our Oil Addiction

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 Causes Largest Ever Spill on North Slope

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...