A new report by Greenpeace UK was released internationally today, warning of increasing financial risk for UK oil giants BP and Shell, who have invested … Unconventionals fuel, tar sands – a new sub-prime mortgage crisisRead more
Oil
Posted inOil / Politics / Social
The Tyranny of Oil
Tyranny of oil means at this point, the most powerful, most profitable, most politically dominant set of companies in the United States and in the … The Tyranny of OilRead more
Posted inOil / Transportation
Inflate Our Tires
When tires are not inflated to the recommended PSI (pounds per square inch) as recommended by tire manufacturers, the flat part in contact with the … Inflate Our TiresRead more
Posted inOil
Exxon Sets Highest U.S. Profit Ever
Exxon Mobil announced the biggest quarterly profit of any corporation in U.S. history, breaking its own previous record with $11.68 billion in earnings during the … Exxon Sets Highest U.S. Profit EverRead more
Posted inEnergy / Oil / USA Empire
American Energy Policy
JUST three years ago, with oil trading at a seemingly frothy $66 a barrel, David J. O’Reilly made what many experts considered a risky bet. … American Energy PolicyRead more
Posted inOil / Transportation
Good News: US is driving less
Travel on all roads and streets in the US dropped to an estimated 245.9 billion miles for April 2008 – a decrease of 1.8% compared … Good News: US is driving lessRead more
Posted inOil / USA Empire
Taxpayers handing $33 bln to oil companies
Even though it is already experiencing record profits, the oil and gas industry is set to receive at least $33 billion in handouts from taxpayers … Taxpayers handing $33 bln to oil companiesRead more
Posted inDiesel / Oil / Transportation
If you care about global warming, don’t buy a diesel car
First, diesel fuel has a considerably higher carbon content than gasoline, so burning a gallon of diesel emits 22.2 pounds of CO2 vs. 19.4 for … If you care about global warming, don’t buy a diesel carRead more
Posted inOil / Transportation / Vehicle
Under-Inflated Tires, Wasting 2.14 Billion Gallons of Fuel Each Year
A study done by Bridgestone Europe found that 93.5% of cars in the European Union have under-inflated tires. “Softer tires increase rolling resistance, forcing the … Under-Inflated Tires, Wasting 2.14 Billion Gallons of Fuel Each YearRead more