Interesting blog from the Canada’s Globe and Mail.
Andrew Willis from the Globe looks at the recent criticism BP has gotten for investing in oil sands. Notice the dichotomy between the city investors that argue BP should invest in oil sands and those worried by the climate that think its a stupid idea.

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 […]

Maybe the oil industry is running out of reserves faster than it is letting on (see other blog), but Shell is to delay publication of key data about its oil reserves that it would normally have released alongside profits figures being published this week.
The decision is said to have disappointed some analysts, who have been […]

Something of a “Shell feel” to the blog today. Three stories all about the oil major. First up a story from Davos.
Jeroen van der Veer, chief executive of Shell has warned that demand for oil and gas will outstrip supply within seven years, because conventional supplies will fail to keep pace with population growth and […]

The world is slowly going mad: we have the Premier of Alberta saying that the ecological downsides of extracting oil sands is a “myth”, yet we all know that oil sands development is the most ecologically destructive process ever invented by the oil industry (see below).
We also have the US government saying that the oil […]