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A Norwegian independent energy company - DNO- plans to produce oil in Iraqi Kurdistan early next year after successful initial drilling. If further tests are also positive, it could lead to the first barrels produced by a foreign oil operator in Iraq and raise the question over who controls Iraq’s vast petroleum resources.

Californian Governor Arnold Schwarzenegger is said to be set for a show down after Democratic lawmakers unveiled legislation last week aimed at reducing emissions of greenhouse gases. The bill, backed by the Assembly Speaker Fabian Nunez and a whole host of environmental groups, sets firm limits on carbon dioxide emissions and goes further than recommendations made by Schwarzenegger's Climate Action Team. So Arnie is now fighting both oil companies and environmentalists on the issue. Who is going to win?

Given what we have been saying about BP on the site recently, it is amusing to read a a different angle from Thomas Borelli, the editor of FreeEnterpriser.com and a senior fellow at The National Center for Public Policy Research, about BP's advertising campaign.

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