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2026

2026

The Scramble for Libyan Oil

After 20 years of isolation, Libya has become the new “destination of choice” for oil companies trying to find new reserves. "It's a race for our black gold," president of the National Oil Company Shukri Ghanem said. "We are organising...

BP’s Day of Reckoning

Later today, some of BP’s most senior executives will face their first Congressional grilling over their corrosion problems at Prudhoe Bay. Although BP's embattled CEO Sir John Browne won't be testifying, Bob Malone, the new head of BP America will...

First They Came for the Airlines…

George W. Bush, who proclaimed America’s “oil addiction,” in his January State of the Union address, exhibited a classic symptom of addiction Tuesday: denial. As the price of a gallon of gas heads for (and beyond) three dollars, Mr. Bush...