Yesterday Barack Obama was officially sworn in for his second term as US president in a small ceremony at the White House, which has to happen on the 20 January. Today there is the official ceremony in Washington with all...
A report from HSBC suggests BP, Shell and Norway’s Statoil could lose some 40 and 60 per cent of their market value if “unburnable carbon” scenarios are put in place.
Yesterday, the growing anti-KXL campaign received a boost from what some may see as an unexpected quarter: National Nurses United announced it was now opposed to the pipeline.
While Chevron’s Richmond refinery has been making the news lately with a very visible incident, our attention has been drawn to less noticed recent events in America’s biggest refining center on the Gulf Coast, where what was to become the...
Written by Ross Hammond The fossil fuel industry is nothing if not clever. Rather than try to defend on the merits of their taking billions of dollars a year in government handouts, they’ve decided to change not only the conversation,...
In its "Energy Outlook" for last month, the global investment bank Goldman Sachs argued that “China remains the key growth driver” for worldwide oil demand. One of the key questions for the past decade for many in the oil-game has...
In a chilling preview of what life may be like if Rick Perry were to become president, a commission appointed by the Texan Governor is proposing handing Valero and other Texan refiners a tax refund worth $135 million. That would...
Canada’s dirty tar sands oil reserves have been turned “into a public-relations nightmare” argues the Financial Times today in its eight page pull-out on Canadian energy, forcing the industry to fight back against this “toxic perception”. Part of this nightmare...
Disaster One. New estimates put the amount of oil per day pouring into the Gulf of Mexico at one million gallons a day. If this is so, BP’s disaster may have spilt more oil than the Exxon Valdez, when at...
[caption id="attachment_4356" align="alignleft" width="150" caption="WTI Meltdown on Friday Feb. 05 2010"][/caption] Two stories from Canada’s Globe and Mail this week highlight the emerging reality that the oil industry in North America is downsizing; although the commentary mostly misses the underlying...
