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...
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...
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...
The George Clooney movie, Syriana opens in cinemas across Europe this week. Some oil campaigners believe that any film that tries to portray the deep-rooted web of connections between oil companies and politicians is a worthwhile exercise. Others think that...
There will be humiliation for BP this week, when its Alaskan Division will have to open up its offices to US lawyers working for a federal grand jury in Anchorage who are investigating the March spill of 270,000 gallons of...
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...
