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2026

2026

The 800 Billion Barrel “Bargain Basement” Sale

The old saying is “when in a hole, stop digging”. Faced with rising energy prices, and concern over climate change, rather than disinvest out of oil, the US is going to start digging for more of it. But this time...

McCain strikes oil money

This just in from the Public Campaign Action Fund via the Washington Post: Oil and gas industry executives and employees donated $1.1 million to McCain last month -- three-quarters of which came after his June 16 speech calling for an...

“I Wouldn’t Dare Do That Now”

As Warren Buffett and Bill Gates' trip to the oil sands continues to be be spun as positive news for the oil industry, here is Kenny Bruno's second blog from Alberta that highlights the real story: "North of the tar...

The “You’ve Got To Be Kidding” Department

As news leaks out that the Alberta's government has launched a C$25 million PR campaign to greenwash oil sands, here is Kenny's final post from Alberta. Kenny goes behind the spin: "The rest of the world must share that hope....

US Government Loses Billions in Oil Royalties

You would think that as the US government thinks about buying up large numbers of distressed mortgages held by the country’s ailing financial institutions and sticking them in the “Bad Bank”, it would be in need of every dollar it...

India to Invest up to $10 Billion in Tar Sands

As oil creeps towards an unprecedented $150 a barrel the Indian Petroleum and Natural Gas Minister Murli Deora has denied that India and China were responsible for the recent oil rise. Deori said that the growth in consumption in India...

BP Using “Bullying Tactics” in Russia

This fight is getting nasty, and when it is all over, the future of one of Britain’s biggest companies could have been decided. The dispute between BP and its Russian partners took a turn for the worse over the weekend...

Shell Lobbyist is Top McCain Donor

US Presidential candidate Senator John McCain has released an updated list of his top donors. It reveals that nearly a fifth of those who have brought in the largest amounts for him, more than $500,000 each, are lobbyists or work...

Biofuels: The $11 Billion Folly

Logic would have it that you would not spend billions on something that doesn’t work. You wouldn’t would you? Well that’s logic… So how illogical is it that we are spending billions of dollars on policies that don’t work? And...

Court Rules BP Blast Victims Rights’ Have Been Violated

A US federal appeals court has ruled that the rights of victims in BP's fatal Texas City explosion in March 2005 were violated by US prosecutors who reached a secret plea agreement with the UK oil group late last year...