Costing a mere $100,000, built by Lotus in England using components from around the world, and designed in Silicon Valley, the Tesla Roadster is ripping up preconceptions that electric vehicles are as slow and boring as golf carts. This one accelerates from 0-60 mph in four seconds – quicker than a Ferrari Spider – and … Read More
Could BP’s Problems Lead to $300 a Barrel?
Matthew Simmons is well known within the industry for his predictions on peak oil. He first shot to prominence by arguing that Saudi Arabia was running out of oil and had inflated its reserves figures. His findings were published in the controversial book, Twilight in the Desert: The Coming Saudi Oil Shock and the World … Read More
America Starts to Wean Itself off Oil
George W might have admitted that America is addicted to oil, but there have been two recent indicators showing the USA’s growing desire for alternative technologies. The American Wind Energy Association has announced that wind energy capacity in the US now exceeds 10,000MW for the first time. This growth has been driven partly by concerns … Read More
BP: Three Congressional Hearings into Prudhoe Bay
As well as facing a lawsuit from its shareholders, it has emerged that BP now faces three Congressional hearings into its problems at Prudhoe Bay. Republican Don Young, has scheduled a hearing of the House Transportation and Infrastructure Committee, for Sept. 13.
Exxon: Oil is the Only Game in Town
Anyone out there who was hoping that new Exxon CEO Rex Tillerson would steer the company in a different strategic direction from his predecessor Lee “the dinosaur” Raymond, should think again. We are not going to see a sudden greening of Exxon. We are not going to see the oil and gas giant rapidly disinvest … Read More
UN Finally Acts on Lebanese Oil Spill
At a conference in Greece yesterday, UN officials finally drew up an action plan to tackle the huge oil spill that is spreading along the Lebanese and Syrian coastline. The 15,000 tonne spill could be the Mediterranean’s worst ever maritime disaster and was caused by Israel’s bombing of a Lebanese power station. The officials believe … Read More
BP: Beyond Propaganda
I know I am in danger of becoming a BP-bore, but I am not the only one with an unhealthy obsession with oil companies and the way they operate. There was a fascinating piece earlier this week in the New York Times (reprinted in Truthout) by John Kenney who worked on the BP advertising campaign … Read More
Demand Global Warming Leadership Now!
The League of Conservation Voters has launched a campaign to demand that politicians make global warming and clean energy a priority in the 2006 elections. They are asking people to sign their Global Warming Leadership Petition. According to the LCV, “with one-third of the Senate and all House members up for reelection this November, we … Read More
BP Sued by Shareholders For Alaskan Shut-Down
The fall-out from BP’s Alaskan fiasco continues. The company’s shareholders have now filed a lawsuit against top executives accusing them of letting investors down by failing to repair the pipeline that forced the shutdown of part of Prudhoe Bay. The lawsuit filed earlier this week in Manhattan is targeted at board members and directors including … Read More
Is This the End of the SUV?
McDonalds may be giving away free Hummer models to kids, but sales of SUVs (4x4s) in America have slumped 28 per cent in the last year. Now for the first time in recent years, SUV sales are now beginning to slow down in the UK. It may mean our love affair with gas-guzzling cars is … Read More