Oil Industry front group attacks fracking critics

February 17, 2011By Steve KretzmannBlog Post, Featured 1 Comment

This post by Brendan DeMelle originally appeared on DeSmog Blog. DeSmogBlog has uncovered an industry memo revealing that ‘Energy In Depth’ is hardly comprised of the mom-and-pop “small, independent oil and natural gas producers” it claims to represent.  In fact, the industry memo we found, entitled “Hydraulic Fracturing Under Attack,” shows that Energy In Depth … Read More

Exxon is Running Out of Oil

February 16, 2011By Andy RowellBlog Post, Featured 1 Comment

When the history of the hydrocarbon age is written, the one company that will personify Big Oil more than any other will be Exxon. Yes, there are other oil majors like Shell and BP, but they are like young pretenders to the Oil King. Exxon is the company that has bet its future on oil, … Read More

Chevron Guilty

February 15, 2011By Andy RowellBlog Post, Featured

In an historic victory, a small court in Lago Agrio, in Ecuador’s Amazon has ordered that Chevron  pay some $8.6 billion in damages. The court ruled in favour of the indigenous peoples of the Amazon who have spent the last 18 years seeking damages for systematic and chronic oil pollution. Chevron inherited the suit when … Read More

Republicans Wield the Knife

February 14, 2011By Andy RowellBlog Post, Featured

The knives are out. Well its more more like they are wielding axes or even chainsaws, as they pick up the pace in their attack on Obama’s budget proposals. Late last week, the House Appropriations Committee released a partial list of where it’s wants to find nearly $75 billion in cuts in federal spending cuts. … Read More

Upton / Koch Committee’s Witnesses for Big Oil

February 9, 2011By Steve KretzmannBlog Post, Featured, Separate Oil and State 1 Comment

This is a cross post from Brad Johnson and Noreen Nelson at the Center for American Progress. The House Energy and Commerce Committee, now under Republican control, is holding a hearing right now to discuss blocking the Environmental Protection Agency’s ability to reduce global warming pollution. Rep. Ed Whitfield (R-KY), who has received $9,000 from … Read More

Saudi Arabia’s “Inconvenient Truth”

February 9, 2011By Andy RowellBlog Post, Featured

New documents released by Wikileaks reveal that for over three years the Americans have been worried that Saudi Arabia may have overstated its reserves by 40 per cent or some 300bn barrels. The fact that Saudi Arabia may be overstating its reserves its nothing new, but many consider it the elephant in the room for … Read More

Posting the Wrong Message on the Tar Sands

February 8, 2011By Andy RowellBlog Post, Featured 1 Comment

When Canadian Prime Minister Stephen Harper met Barack Obama at the end of last week he asked the American president to support a highly controversial $7-billion pipeline that could double the amount of dirty tar sands that could be exported to the United States. TransCanada’s proposed Keystone XL pipeline has been on hold since last … Read More

Investors Warn Over Deepwater Risks

February 4, 2011By Andy RowellBlog Post, Featured

The oil industry may be arguing that its back to business as usual after the Deepwater Horizon blowout, but the disaster is still causing major ripples within the investment community. And now the shareholders – who together represent investments of $2.5 trillion – are coming together to force through further changes. They are arguing that … Read More