Category: OIL

OIL, power and corruption

Pipeline Leaks In Alaska’s Oldest Oil Field

  By Health & Environment, OIL

Thursday, 22 July 2010 8:37AM ANCHORAGE, Alaska (Reuters) – An estimated 630 gallons of oil has leaked from a buried pipeline in Alaska’s oldest operating oil field, state environmental officials said Wednesday. The leak was discovered at the Swanson River oil field in the Kenai National Wildlife Refuge south of Anchorage, the Alaska Department of Environmental Conservation (DEC) said. The field, which produces both oil and natural gas, is operated. . . CONTINUE

Deep Water Horizon Oil spill, clean-up workers getting sick

  By General Corruption, Health & Environment, OIL

BERNARD LAGAN, May 31, 2010 In the US, which assumes no engineering challenge is beyond conquer – nor does it lack the private capital to achieve it – the brackish rouge beneath the waves that is slowly strangling the Louisiana shore not only stains the sea and the sands, that creeping black is also gutting confidence, upturning myths and ruining reputations. When Americans learned at the weekend that British Petroleum. . . CONTINUE

Oil Spill focuses our attention on foreign oil

  By Alternative Energy, OIL

By T. Boone Pickens – 05-20-2010 Without minimizing the environmental issues involved in the Gulf of Mexico oil spill, let’s focus on the economics of the situation. This accident has not disrupted the 19 million barrels of oil we used every day in April – 12.3 million of which was imported oil. In the weeks since the accident, crude oil prices have actually dropped about $15 per barrel – which. . . CONTINUE

BP’s Slick Greenwashing

  By General Corruption, Health & Environment, OIL

The petroleum giant tried to sell itself as a green industry leader. That was just an oily tactic. By James Ridgeway | Tue May. 4, 2010 5:30 AM PDT For the last decade, BP has been busily engaged in a multi-million-dollar greenwashing campaign. Changing its name from British Petroleum to BP, the company adopted a new slogan, “Beyond Petroleum,” and began a “rebranding” effort to depict itself as a public-spirited,. . . CONTINUE

American oil is pumping Global Warming denials world-wide

  By General Corruption, Global Warming, OIL

Climate Change Deniers Without Borders American oil money is pumping up climate change skeptics abroad. Could they kneecap a post-Copenhagen accord? By Josh Harkinson, Tue Dec. 22, 2009 3:59 AM PST Writing two weeks ago in Poland’s most popular tabloid, the Super Express, an economic analyst named Tomasz Teluk [funded by ExxonMobil] claimed that a potential climate agreement in Copenhagen might double Poles’ electricity bills, hobble his coal-dependent country, and. . . CONTINUE

the world’s 10 largest oil fields are all in decline

  By Peak Oil

UK E.R.C.: cheap oil is at an end Warning over global oil decline 02:50 GMT, Thursday, 8 October 2009 03:50 UK, BBC News There is a “significant risk” that global production of conventional oil could “peak” and decline by 2020, a report has warned. The report’s authors also state that the 10 largest oil producing fields in the world are all in decline. The UK Energy Research Council study says. . . CONTINUE

OIL money and morals in such dramatic inverse proportions

  By General Corruption, OIL

“Negligent Homicide” : 15+ deaths reported British trading giant agrees to pay millions to victims maimed and scarred by dumping of polluted sludge By Cahal Milmo, Chief Reporter Thursday, 17 September 2009 Thousands of west Africans besieged local hospitals in 2006, and a number died, after the dumping of hundreds of tonnes of highly toxic oil waste around the country’s capital, Abidjan. Official local autopsy reports on 12 alleged victims. . . CONTINUE

Drilling vs. OPEC’s ability and willingness to cut production

  By OIL

Opec monopoly is still on course to meet oil market challenge: cut production and drive up prices — keeping the world’s economies from recovering. Publish Date: Saturday,18 July, 2009, at 09:46 PM Doha Time Reuters/London A $10-a-barrel price slide, an unseasonable rise in motor fuel stocks and a slackening of output discipline have complicated, but not yet sabotaged, Opec’s quest to push oil prices higher. Since September last year, Opec. . . CONTINUE

Halliburton defrauding the government of Billions of taxpayers dollars

  By General Corruption, OIL

Fleeing the scene of the crime, Halliburton has announced it is moving its headquarters from Texas to the United Arab Emirates. This move comes as U.S. authorities are investigating the company for bribery, bid rigging, defrauding the military and illegally profiting in Iran. Dan Briody, in his book “The Halliburton Agenda”, described Halliburton’s relationship with Vice President Cheney as “the embodiment of the Iron Triangle, the nexus of the government,. . . CONTINUE

Soaring costs leave military’s fuel-saving campaign reeling

  By OIL

By Julian E. Barnes | Los Angeles Times, July 14, 2008 WASHINGTON – Across the oil-thirsty U.S. military, commanders are scrambling for ways to offset the ever-rising cost of fuel. But their best efforts so far have fallen short. The military services have found ways to save millions of dollars through conservation, but the price of oil has outpaced the cost-cutting efforts. The Navy, for example, estimates it is saving. . . CONTINUE

Minnesota State Legislators Discuss Oil Reserves Drying Up

  By Peak Oil

Feb 5, 2008 Today, state legislators listened to the dire warnings of an energy leader at the Minnesota State Capitol. The world’s oil reserves are drying up according to Matthew Simmons, an energy investment banker from Houston who has recently written a book on the subject. Simmons says oil production has already peaked and soon supply won’t be able to keep up with demand. CONTINUE

Big Oils Profit and Plunder

  By OIL

Friday, December 21. 2007 Posted by nader.org While many impoverished American families are shivering in the winter cold for lack of money to pay the oil baron their exorbitant price for home heating oil, ex-oil man, George W. Bush sleeps in a warm White House and relishes his defeat of the Congressional attempt to get rid of $15 billion in unconscionable tax breaks given those same profit-glutted oil companies like. . . CONTINUE

Oil prices soar as OPEC stands pat on output

  By OIL

Crude back near $90 a barrel after oil cartel dashes hopes for increased production, saying market fundamentals are unchanged and supply is sufficient. [Despite the fact that demand has now outpaced supply] December 5 2007 Global Oil Production Has Peaked NEW YORK (CNNMoney.com) — OPEC dashed hopes that it would step up production at its meeting Wednesday, news that sent oil prices shooting back towards the $90 a barrel mark. . . CONTINUE