Here's one that few saw coming: According the International Energy Agency as reported by the Wall St. Journal (subscription), developed country consumption of oil dropped .6% in 2006. According to the Journal: "Though the decline appears small, it marks the...
Just as Exxon Mobil posted the largest annual profits by an American company of just under $40 billion, the dark side of oil was exposed again. Eighteen years on, a new study by US government scientists has found that crude...
President Hugo Chávez has scored a significant victory over Exxon Mobil when a British court lifted a $12bn freeze on Venezuelan assets and sided with his administration against the oil giant. The ruling backed Venezuela's government in a row with...
There is something absurdly ironic when climate change caused by the oil industry leads to the melting of ice, which in turn leads to more land or sea being available to explore for oil and gas. The latest country to...
Iranian President Mahmoud Ahmadinejad is stirring the pot again. As the dollar continues to fall, he is urging OPEC members to form a joint bank and stop pricing oil trades in U.S. dollars. Ahmadinejad told OPEC Secretary General Abdalla Salem...
Today, the International Energy Agency (IEA) released the 2025 edition of its flagship report, the World Energy Outlook (WEO), finding that oil and coal demand are still on track to peak by 2030 in its business-as-usual scenario (STEPS), driven by...
As we approach the end of week 1, negotiations continue on issues that could shape the final outcome of the UN climate talks. Meanwhile, a growing coalition of countries - including Colombia, the Republic of the Marshall Islands, the UK,...
As the first week of COP30 wraps up and ministers arrive in Belém, negotiations continue on key issues that could define the outcome. Major progress on a just transition is key if COP30 is to be the ‘COP of truth’.
Trump's meeting with oil executives is meant to ensure the future of Venezuela is being shaped in a way that maximizes Big Oil profits and his own power.
Trump once again used illegal force to bolster his imperialist fossil fuel agenda. His attack on Iran threatens lives, adds to regional instability, and risks dragging the United States into another forever war.
