Two Disasters, One Conflict, One Bad Result
Two years ago the oil price hit the floor at $33 a barrel. Today, on the back of the Libyan conflict, the price for Brent Crude is $116 a barrel. Two years ago, development of the Canadian tar sands was...
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2026
2026
IEA: Up to 189 Million Gallons Leaked So Far
If you talk to Riki Ott, the fisherwoman and marine biologist who has written a book about the Exxon Valdez, one of the lasting unanswered questions is just how much oil was spill from the stricken tanker. The official version...
21 years later oil still pollutes Prince William Sound
For those of you who have not seen the film the Age of Stupid, Pete Postlethwaite, puts in a great performance as a despairing archivist wondering how we allowed the world to be ravaged by climate change. You could imagine...
$3 Billion to Keep Amazon Oil in the Soil
There has been a growing movement amongst communities from the South that are affected by oil exploitation to keep the “oil in the soil.” Campaigners from both Nigeria and Ecuador have long mooted the idea, and so have some governments....
Clinton’s African Scramble
First it was President Obama who delighted his audience when he undertook a whistle-stop tour. Now Secretary of State Hillary Clinton is embarking on a seven-country tour of Africa. Why is she going? It couldn’t be so crude to be...
20 Years On …. A Lesson for Tar Sands
Yesterday was the 20th Anniversary of America’s worst oil spill, the Exxon Valdez. It may be twenty years but the scars of the disaster are still being felt today. Take a quick glance at Prince William Sound and you would...
Oil Price “May Hit $200 A Barrel”
Do you remember the days when oil was only $100? Although there has been speculation in recent days concerning the oil price, one of the most authoritative predictions so far has the price of crude oil at $200 within as...
Chavez’s Food for Oil Programme
Venezuela has announced plans to ship oil to Portugal in exchange for food products and other goods that have been running short in the South American country. Venezuela, Latin America's largest oil producer, will send as many as 30,000 barrels...
Iran Dumps the Dollar
Iran, OPEC's second-largest producer, has completely stopped conducting oil transactions in U.S. dollars, a top Oil Ministry official has admitted. It is a concerted attempt to reduce reliance on Washington at a time of tension over Tehran's nuclear program and...
SEC Re-examines Oil Sands Reserves
Interesting move this one, which could far-reaching implications for both the oil majors and the climate as it could make it easier for people to invest in oil sands. The US Securities and Exchange Commission is looking at putting Alberta's...