Washington’s political landscape is changing fast. Rumsfeld has gone, just days after Bush said he would never sack him and now it looks like the Democrats have taken the Senate as well. Just days after being a Republican-hate figure, the new Speaker Nancy Pelosi is having lunch with President Bush. I am sure they will … Read More
Day: November 9, 2006
Investment by Oil Industry “Inadequate” Says IEA
Further analysis of the IEA’s World Economic Outlook reveals that oil industry has barely increased its investment in oil and natural-gas production during the past five years after accounting for inflation.Data compiled by the IEA and reported in the Wall Street Journal, show that investment in the oil-and-gas industry was $340 billion in 2005, up … Read More