Over the next few days more oil companies will announce obscene profits.
But as the headlines are taken by calls for a windfall tax, the real story is one that has been brewing for some time. Big Oil can’t find enough oil. Yesterday, despite making £93m a day, Shell did not impressed the markets. The company’s […]

Here’s one that somebody missed. Apparently Section 526 of the Energy Bill signed into law by Bush less than a month ago stated that the U.S. government would not purchase transportation fuel from nonconventional petroleum sources that have higher life-cycle greenhouse gas emissions from production and combustion than equivalent conventional fuel.
That means that the […]

Stupid Idea One. China’s largest coal company Shenhua Group will produce China’s first barrel of oil fuel from coal in 2008 using technology known as direct coal liquefaction.
“We have finished 95 percent of the engineering projects at the first production line in Erdos of north China’s Inner Mongolia Autonomous Region. The line will start making […]

This is easily one of the greatest acts of creative direct action ever perpetrated on the oil industry. Bravo Yes Men!
Imposters posing as ExxonMobil and National Petroleum Council (NPC) representatives delivered an outrageous keynote speech to 300 oilmen at GO-EXPO, Canada’s largest oil conference, held at Stampede Park in Calgary, Alberta, today.
The speech was […]

China is considering halting efforts to make oil from coal due to concerns about the expense, how much energy it uses and the effect on climate change.
China had been hoping to ease its rising dependence on imported oil by promoting alternative energy sources such as oil-from-coal and solar, wind, and nuclear power.