George W. Bush, who proclaimed America’s “oil addiction,” in his January State of the Union address, exhibited a classic symptom of addiction Tuesday: denial. As the price of a gallon of gas heads for (and beyond) three dollars, Mr. Bush proposed a truly meaningless agenda, asking oil companies to invest some of their outrageous profits … Read More
Day: April 26, 2006
When in Doubt…Blame the Greens and Feed Big Oil!
There are apparently three things we can be sure of in life: death, taxes, and that when the oil industry gets in trouble, environmentalists will get blamed and more money will be thrown at Big Oil.
Twenty Years on From Chernobyl the Answer is Blowing in the Wind
Twenty years after Chernobyl the nuclear industry is enjoying a renaissance it could only have dreamed of a few years ago. The twin issues of climate change and energy security have driven it up the political agenda both in Europe and in the US.
BP: Fear and Speculators Driving Up Oil Price
BP’s CEO, John Browne, has warned that fear was driving the price of crude to artificially high levels, with “untold consequences” for the global economy. He argued that turbulence in Iran, Iraq and Nigeria was leading to continual speculation about oil shortages and there were “all sorts of things that suggest it is getting worse”.