Business Week has picked up on a growing conundrum for the oil industry. Even as oil prices soar, earnings at Exxon, BP, and ConocoPhillips are coming back down to earth. Are lower profits here to stay? Yesterday, ExxonMobil, the world's...
Interesting story from the Globe and Mail about new techniques being used to exploit Alberta’s oil sands which offer a “potential sea change in how Canadian companies wring energy from the ground.” Most companies have traditionally pumped steam into their...
World oil prices will rise sharply in the second half of 2007 unless OPEC increases production, the International Energy Agency warned yesterday. Some analysts are predicting crude could top $80 a barrel later this year. In a report, the IEA...
The U.S. already imports over 2 million barrels a day from Canada. It did not protect us from rising prices in 2008, it hasn’t this time, and it never will.
Local residents and concerned advocates submitted over 38,000 comments in opposition to the project, highlighting the risk that SPOT project poses to waterways, endangered species, public health, local economies, and the global climate
We are now one hundred and ten days since the start of Vladimir Putin’s bloody brutal war on Ukraine. Since the invasion the global energy market has been largely turned on its head, as old certainties of supply have been...
More on the growing Iranian crisis. Brent crude is rising this morning due to worries over serious disruptions to the supply of crude after Iran warned its Arab neighbours of “consequences” if they raised oil output to replace Iranian loses...
Saudi Arabia's growing fear of Iranian influence in the Middle East may driving the world's largest crude oil exporter to prepare a more aggressive long-term political oil strategy that would counter the Iranian ascendancy. According to Dow Jones, “under a...
Israel’s government relies on Chevron to extract the rich supply of gas off its coast, making money for a government actively perpetrating a genocide against the Palestinian people. And Chevron relies on Israel – Israel will be Chevron’s third largest...
This is fossil-fueled imperialism, plain and simple.
