When the oil industry answers it critics about whether we are running out of oil, the word Alberta normally comes into the conversation pretty soon.
Alberta’s tar sands have reserves estimated at just behind Saudi Arabia, and are seen as the industry’s salvation (after Iraq). The only problem being for oil sands is that […]

The long wait may finally be over to claim the last great prize left for the oil industry.
But not, importantly, how the oil industry, or the Bush administration wanted it to.
Some 36 years after losing their oil concession to nationalization as Saddam Hussein rose to power, four Western oil companies are in the final stages […]

For a man whose ties to the oil industry are legendary, it came as a surprise that Bush once said that America had to break its oil addiction. Like an ailing addict who has tried but failed to beat his cravings, Bush has gone cold turkey for oil. As the world faces record oil prices, […]

Friday, if you did not know it, is World Refugee Day.
And the depressing news is that the number of refugees is at a record high, fuelled in part by climate change which is causing conflicts around the world. Some 40 million people worldwide are already uprooted by violence and persecution, and the figure is set […]

Under huge political pressure, Saudi Arabia will raise oil production to record levels by pumping an extra half-a-million barrels of oil a day, bringing their production to 9.7 million barrels a day.
That would be a rise of 550,000 bpd or over 6 percent since May and would take Saudi crude output to its […]