February | 2006 | The Price of Oil

Posts in February 2006

Big Oil’s Valentine from US Congress
Steve Kretzmann
Feb14
Whats the US Congress’ response to record profits and high gas prices? Why its royalty relief for the oil & gas industry, of course! According to this morning’s New York Times, “the government will give up more than $7 billion in payments between now and 2011. The companies are expected to get the largess, known…
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Tories Launch Energy Review
Andy Rowell
Feb13
Under their new leader David Cameron, the Conservatives could be about to radically alter thier energy policy, as their try and improve their “green” credentials. Launching a review of their energy policy today, the shadow Trade and Industry spokesperson, Alan Duncan, has indicated that the party are looking for a greater proportion of energy to…
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Chelsea Tractors Take Over London
Andy Rowell
Feb13
To their admirers, they are the latest must-haves in status, style and chic. To their critics, they are dangerous, polluting and gas guzzling brutes. Known as Chelsea tractors they are urban 4X4s or SUVs. But the news that Londoners are the most likely people in the whole of the UK to buy 4X4s will come…
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That Sinking Feeling
Andy Rowell
Feb10
The British Environment Agency has calculated that over two million homes are at risk of being flooded, a situation that will get worse because of climate change. “The risk of flooding is ever present, and increasing”, says the Environment Agency (EA). Despite everyone knowing that climate change will make matters worse, developers are still trying…
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Evangelical Chistians Now Urge Bush to Act on Climate
Andy Rowell
Feb09
The fight against climate change received an unexpected boost yesterday when 86 evangelical Christian leaders in American backed a major initiative to fight climate change. A statement they released said: “millions of people could die in this century because of climate change, most of them our poorest global neighbors.” The statement continued: “For most of…
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Seven Years to Save the Climate – but Don’t Stop Flying..
Andy Rowell
Feb08
Tony Blair yesterday warned world leaders they had less than seven years to save the climate, but then ruled out a special tax on the most polluting travel of all – flying. “It is unrealistic to think that you will get some restriction on air travel at an international level”, said Blair. So we can…
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A good old pension – pity about the climate
Andy Rowell
Feb08
Yesterday saw BP join Shell and Exxon in reporting record profits of $19.3bn (£11bn). What the three company results highlight is the fundamental flaw of how they are valued by city investors. As both Shell and BP posted record profits their share price actually went down as the profits were not as large as some…
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Brower on oil addiction
Steve Kretzmann
Feb02
A sustainable society must depend upon renewable resources, which oil cannot be. It must recycle nonrenewable resources, and burned oil cannot be recycled. It needs to restore the base of renewable resources — our forests, soils, cities and human minds.