The Economist notes that the Canadian government is now scrambling to secure an exception to The Energy Independence and Security Act 2007 over Canada’s dirty oil. "The Act bans federal agencies from buying alternative or synthetic fuel, including that from...
Russian state oil company Rosneft will increase output by a half by 2020 due to new assets and fields, according to its head as it aims to become the world’s top listed oil producer. Sergei Bogdanchikov said Rosneft will produce...
A report by US watch-dog, the Government Accountability Office has concluded that the Coast Guard lacks the resources to adequately protect tankers carrying liquefied petroleum or crude oil from a possible terrorist attack. The report concluded that the Coast Guard...
A new report comparing the environmental performance of Alberta's oilsands producers against each other has found that even the winners have little to brag about. The groundbreaking study by the Pembina Institute and the World Wildlife Fund, compares 10 operating...
Interesting article from today’s Financial Times about China’s search for oil in Africa. It states: “Conventional wisdom suggests that China's energy companies are marching across Africa, shoving aside established majors and grabbing huge oil reserves with the help of bottomless...
South Korea has declared a section of its west coast a special disaster zone, as thousands of residents, soldiers and police spent a fifth day trying to mop up the worst oil spill in the country's history. President Roh Moo-hyun...
Happy Christmas Alaska. Exxon’s present to those desperate for compensation from the Exxon Valdez oil spill is its new defence in the U.S. Supreme Court that the $2.5 billion verdict the company was ordered to pay conflicts with more than...
While many impoverished American families are shivering in the winter cold for lack of money to pay the oil baron their exorbitant price for home heating oil, ex-oil man, George W. Bush sleeps in a warm White House and relishes...
Its finally happened. Oil broke through the $100 a barrel barrier in New York today as a plunging dollar, unrest in Nigeria (see below) and Algeria and a cold snap in North America pushed futures prices up by $4 a...
The New Year may be only days old, but Bloomberg reports that the “fastest-growing bet in the oil market these days is that the price of crude will double to $200 a barrel by the end of the year.” Options...
