[caption id="attachment_10270" align="alignleft" width="207" caption="Photo: Jeff Blackler"][/caption] “There is no money that is completely pure”, so says Nicholas Serota, the Director of the Tate gallery in London that is under fire once again for taking oil money from BP and...
It’s been a good few days for BP. The company’s share price surged 5.1 per cent this morning after it was announced that Anadarko Petroleum will pay $4 billion to settle all claims for last year’s Gulf of Mexico oil...
In less than two weeks the Congressional Supercommittee must submit a plan to Congress to reduce the deficit by at least $1.5 trillion. One of the big questions is whether the Supercommittee will recommend cutting billions of dollars in subsidies...
Investors may have poured their cash into the rogue’s gallery that is the new venture by Tony Hayward and “Nat King Coal” Rothschild called Vallares. As I blogged yesterday, Vallares was over-subscribed raising just over $2 billion to buy assets...
As I have often written about in the past, the oil industry is all about risk and reward. At some stage it has to lure large scale investors to bet large amounts of money that it has found large reserves...
Sixteen years ago I wrote a book called Green Backlash, that looked at the growing backlash against the environmental movement worldwide. One chapter, called "Culture Wars and Conspiracy tales", looked at the warped view of many of the conspiracies of...
Was the western intervention in Libya primarily driven by oil? The answer depends on who you ask, but as usual, in the volatile mix of international politics, oil is never far from the surface. It certainly helps the case of...
It is widely accepted that people give money to politicians to curry favour and buy influence. So there will be no surprises that there are smug smiles on the faces of the oil and coal barons this week as the...
Following on from an earlier blog this week, we know now from Tony Hayward that BP was woefully unprepared for the Deepwater oil spill. So if BP was not prepared in the warm accessable waters of the Gulf of Mexico,...
According to a report recently released by the National Institute on Money in State Politics, politicians in the Gulf of Mexico are awash in oil and gas industry contributions. Oil and gas companies, along with their owners and employees, gave...
