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Bearing Point is Major Bush Financier

The Independent on Sunday continues its excellent reporting on the origins and scandal behind the soon to be introduced, US approved, Iraqi oil law. Last week the IoS reported that Bearing Point, a Virginia based contractor, heavily advised the Ministry...

Persian Gulf Needs Over $500bn in Oil Investment

The Persian Gulf states need to pump $523 billion over the next 25 years in exploration and production to meet a steady growth in global demand, according to the Abu Dhabi-based Emirates Centre for Strategic Studies and Research in a...

EU Targets Gas Guzzlers

Gas-guzzling SUVs or sports cars as well as people carriers could be “priced off the road within five years”, according to the Daily Telegraph after a crackdown on carbon emissions to be announced by the European Commission. The average new...

Exxon’s 3D PR Strategy on Climate

There is a classic industry public relations tactic called the 3 technique – Deny, Delay and Dominate. For years Exxon has pursued this strategy over climate change very aggressively. The company has denied for years that climate change is a...

Saudi’s Increase Spare Capacity to Offset Iranian Influence

Saudi Arabia's growing fear of Iranian influence in the Middle East may driving the world's largest crude oil exporter to prepare a more aggressive long-term political oil strategy that would counter the Iranian ascendancy. According to Dow Jones, “under a...

Russia Halts Oil Flow to EU as Belarus Row Escalates

Russia has halted the delivery of oil to Europe via Belarus as the acrimonious row between the two countries escalates, raising fears of oil shortages in at least five countries. Transneft, Russia's state-controlled pipeline operator, said it had been forced...

BP Punished By Investors

BP’s shares have declined by over 3 per cent this morning on the news that its oil and gas production fell further than expected in the past three months, partly as a result of its beleaguered Alaskan operations. The news...

Gates Foundation & Big Oil

The LA Times is running a great series on the underbelly on the Bill and Melinda Gates Foundation by looking at the Foundation’s investment portfolio. “In a contradiction between its grants and its endowment holdings”, the Times investigation found that...

Democrats Move to Protect ANWR

The Anchorage Daily News reports how “opponents of oil drilling in ANWR – the Arctic National Wildlife Refuge - are going on the offense after playing defense for a quarter of a century. They want the new Democratic Congress to...

US Car Giants Go “Green”

Ford and General Motors, the two embattled giants of the US car industry, Ford and General Motors have both unveiled plans for electric cars to try to maintain their position in an increasingly competitive market. GM, the world's biggest car...