The headlines from BP’s Strategy presentation yesterday are all about how chief executive Tony Hayward  promised to boost annual profits by $3bn over the next two or three years.
In a frank admission, Hayward said that BP’s financial importance over the last few years had not been acceptable and had “some catching up to do.”

So seven years later it will come down to this weekend.  Whether President Obama can withdraw all American combat troops from Iraq by August will be decided by the Iraqi elections this weekend.
If the election passes off peacefully, American soldiers will probably go home on schedule. But if there is a repeat of the sectarian [...]

The Oil Drum is one of those great blogs that discusses energy and peak oil.
It has consistently and coherently been ahead of the curve, shall we say, when it comes to exploring the issue of peak oil and what we, as a society, should be doing about it.
But the New Year has brought an interesting [...]

The British military may be gone, but the British oilmen are back. Today is the day that the oil men from BP take control of Iraq’s biggest oilfield: Rumaila.
It is the first important oil deal since the 2003 invasion, and a long time since 1961 when Iraq passed Law 80 that wrestled back 99.5 per [...]

Tomorrow is the “Great Climate Swoop” where hundreds of climate activists will demonstrate against E.ON’s Ratcliffe-on-Soar in Nottingham.
It is a protest aimed at raising the issue of climate change in the run up to the Copenhagen Summit in December.
But the planned protest has caused  a strong backlash from the Police. Already there are increasing reports [...]