Big Oil Can’t Find Enough Oil

May 9, 2006By Andy RowellBlog Post

Really interesting article in Business Week entitled “Why You Should Worry About Big Oil”. Big Oil, says the article, has big problems. One of the main problems is finding enough oil. With soaring worldwide demand, we are consuming oil at twice the rate of discovery of new supply. “Overall production at the oil majors is … Read More

Mass Extinctions “Faster Than the Dinosaurs”

May 2, 2006By Andy RowellBlog Post

Polar bears face extinction 1000 times the natural rate, according to the World Conservation Union’s (IUCN) annual survey, called the Red List.  The IUCN found that nearly 40% of all species in its survey faced extinction. The polar bear makes the list for the first time. Because of climate change, it is unlikely that bears … Read More

A reason for the gas price rise? Try War.

April 29, 2006By Steve KretzmannBlog Post

The favorite topic du jour in DC these days is the price of gas – and this being DC – the blame game around it. The right talks about the lack of supply – and says the solution lies in relaxing green refinery rules and opening up ANWR. The left blames corporate profiteering and Bush … Read More

Exxon Posts Record 1-Qtr Profits, Bye-Bye Climate

April 28, 2006By Andy RowellBlog Post

Exxon Mobil posted record first quarter-profits of over $8 billion but that wasn’t enough to meet Wall Street’s eager expectations.  Exxon’s net income of $8.4 billion, or $1.37 a share, was up 7% from $7.9 billion, or $1.22 a share, in the year-earlier period.

Hypocrisy Starts at The Top

April 28, 2006By Andy RowellBlog Post

Great sketch in yesterday’s Washington Post by Dana Milbank about the hypocrisy of America’s politicians when it comes to driving. Suddenly as the price of fuel reaches $3 a gallon, everyone is up in arms. They preach that America has a problem with rising fuel costs and energy security. Although they moan about it, not … Read More

First They Came for the Airlines…

April 26, 2006By Mark FloegelBlog Post 2 Comments

George W. Bush, who proclaimed America’s “oil addiction,” in his January State of the Union address, exhibited a classic symptom of addiction Tuesday: denial. As the price of a gallon of gas heads for (and beyond) three dollars, Mr. Bush proposed a truly meaningless agenda, asking oil companies to invest some of their outrageous profits … Read More