Without enormous discipline in a vastly oversupplied market an OPEC as constituted today is no longer viable.
Please vote for Chevron in the 2014 Corporate Hall of Shame today! Reposted from the Eye On The Amazon ...
Locally our gasoline and diesel purchases are the most lethal toxin in American politics. Just a couple of weeks out from the election it's good to remind ourselves -- lots of voters may not think the ballot counts, but Big Oil knows better.
Prediction: Chevron will lose the historic Ecuador pollution case on both the law and the facts, despite what you may have read in articles by U.S. legal reporters about the 20-year plus lawsuit. In fact, you may think the Ecuadorians have lost already. They haven't.
Presumably, Chevron, vexed by such governmental interference, decided enough was enough. Cue the campaign cash machine. Turn on the pumps.
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The federal government has the responsibility to ensure the public's safety. Until Washington steps up and fulfills this obligation, we'll have to keep on holding our breath.
To the deep consternation of the oilogopoly and their kindred and influential allies in government and finance the price of oil has been dropping precipitously.
Exxon Mobil's vice president of public and government affairs published a critique of divestment that concluded by saying that destroying our planet's climate by recklessly extracting and burning fossil fuel reserves is necessary to relieve global poverty.
The EV Revolution Is Here! Takeaways: ...
Climate change is a "threat multiplier" and worse than many of the challenges the U.S. military is already grappling with, according to a new report b...
If oil prices stay below $90 per barrel for any length of time, we will witness massive fiscal squeezes and regime changes in one or more of the following countries: Iran, Bahrain, Ecuador, Venezuela, Algeria, Nigeria, Iraq, or Libya. It will be a movie we have seen before.
The collapse of soaring oil prices signaled the beginning of the 2008 Great Recession. This milder repeat performance is not so confusing if we look at the basics -- and remember that what counts about oil is not where it is produced, or exactly how much we need, but its price.
There are many factors we could cite, but to discover the biggest reason, follow the big money.
The greater we supported the corrupt government in Kabul and the more American troops we sent, the more the Taliban prospered. A similar dynamic is at play in Iraq. Consequently, without a change in American policy the cycle of violence in Iraq will continue its ghastly spiral.
A sharp correction in oil prices is putting the debate around major pipeline projects, such as Keystone XL, into a more nuanced light. It's a development, however, that won't be causing any champagne corks to be popped in the boardrooms of Suncor or Canadian Natural Resources.