Much of the growth in gas production has come from drilling into shale formations, which provided 23 percent of the nation's gas in 2010, according to the EIA. Hence integrated behemoths have expanded into this area.
This week ExxonMobil scored a deal to explore for oil in the Russian Arctic Ocean, and in exchange, the Russian state-owned Rosneft apparently got the rights to the Gulf of Mexico. What is a win-win agreement for Exxon and Rosneft is a lose-lose for the rest of us.
If we say that the Keystone XL pipeline is in our national interest, than we are saying fossil fuel addiction is in our national interest. We are saying that climate change is in our national interest. We know neither is true.
The global economy is splintering. U.S. voters hate all politicians and there's political unrest throughout the world. The root cause of this turmoil is the failure of the dominant economic paradigm -- global corporate capitalism.
DeChristopher's act was definitely a crime. A victimless crime, and an act of civil disobedience, but a crime nonetheless. The guilty verdict, delivered on March 3, was expected. But the auction itself was also a crime.
Big Oil wants to build a pipeline to send the dirtiest crude oil on the planet from the Boreal forests of Canada right through the heart of America, crossing the Yellowstone, the Missouri, the Platte and other treasured rivers on its way to Texas refineries.
The oil industry is pushing the Obama administration to approve a permit for TransCanada's Keystone XL pipeline. Exploiting the full potential of Canada's tar sands, according to one scientist, could trigger the uncontrollable over-heating of our planet
One of the more powerful quotes about the importance of taking nature seriously goes back to Oystein Dahle: "Socialism collapsed because it did not allow the market to tell the economic truth. Capitalism may collapse because it does not allow the market to tell the ecological truth."
Business must be slow and circulation down at Barron's. What better way to stimulate newsprint distribution than a blazoned scaremonger front page headline as in this past weekend's edition, "Get Ready For $150 Oil".