The bombshell news came as it always does, with a thundering Donald Trump text.
As war rages in Iraq, and oil and gasoline prices rise, the impotence of the US oil boom is exposed.
Is Iraq about to witness another war over oil?
It wasn’t meant to be like this. After nearly a decade of war, chaos and bloodshed, the Iraqi oil industry was meant to be controlled by the bureaucrats and politicians from Baghdad. But Big Oil obviously has other ideas, and in the good old-fashioned way it will do deals with anyone it can so long … Read More
Finally after 29 years, Tony Hayward, the former chief executive of BP, will sever all his ties with the oil giant. Although he resigned from being Chief Executive last year in the wake of the Deepwater Horizon disaster, Hayward has remained on board of its Russian joint venture, TNK-BP. But it has announced that he … Read More
The oil industry watchdog PLATFORM has issued a report which exposes the extent to which the British oil giant BP has gained control over one of Iraq’s most lucrative oil fields, the super-giant Rumaila, near the Southern city of Basra. The report, “From Glass Box to Smoke Filled Room – How BP secretly renegotiated its … Read More
All conflicts are about power and who will ultimately exert control over a people and resources. That is why there is a persistent niggle about western intervention in conflicts, and whether there is a humanitarian aim, or one simply about access to resources. The brutal truth is that regime change often comes with an agenda … Read More
On the fifth anniversary of the Iraq war, a report from Oil Change International, entitled A Climate of War, analysed both the greenhouse gas emissions of the war and the costs involved in fighting that war rather than climate change. The report contained many shocking facts but a couple were that the projected total US … Read More
It is no coincidence that on “Tony’s Tour to Rebuild BP’s Battered Reputation”, its CEO Tony Hayward will visit China next week. BP may be getting a kicking in America, but China and Russia remain central to its plans. BP’s embattled chief executive has already met Igor Sechin, Russia’s Deputy Prime Minister, in Moscow on … Read More
In Washington this morning the big story is political reform of the healthcare system, whereas in London it is once again good –old fashioned political sleaze. Channel 4’s Dispatches programme working with the Sunday Times have carried out a great political sting. They set up a fake lobbying firm and approached various ex-Labour Ministers to … Read More