Today the Obama Administration released the latest proposed offshore drilling plan, barring new drilling in Atlantic Ocean, but allowing continued drilling in the Arctic and … President Obama’s Latest Offshore Drilling PlanRead more
From June 2008 to the depth of the Wall Street financial crash in early 2009, U.S. domestic crude oil lost 70 percent of its value, … Did Wall Street Banks Create the Oil Crash?Read more
First published in August 2008, this article is of utmost relevance to an understanding of the dramatic drop in the price of crude oil. The … Perhaps 60% of Today’s Oil Price is Pure SpeculationRead more
Next time you fill your gas tank, the price will likely be inflated by a few pennies per gallon because the sightless sheriffs at the … Rockefeller price gouging returns to petroleum industryRead more
Last October, five years after the spill, the BP oil spill settlement was finally announced. Alabama received $2.3 billion of the $20 billion settlement (which … BP oil spill money to go to Alabama governor’s mansion and a new hotelRead more
As 2015 drew to a close, many in the global energy industry were praying that the price of oil would bounce back from the abyss, … The Oil PricequakeRead more
There is growing outrage over pollution of two important rivers after three oil spills in the Peruvian Amazon. The spills are said to be causing … Outrage Over Peru Oil SpillsRead more
In a London courtroom, Nigerian communities from the Niger Delta have brought a lawsuit against energy giant Royal Dutch Shell over repeated spills from Shell’s … Nigerians Sue Shell over Spills in Niger DeltaRead more
Despite a bounce this week, low oil prices continue to sow fear, uncertainty, and mayhem across the emerging market complex. On Wednesday, it was leaked … The Big-Oil Bailouts BeginRead more
Last week, the British Prime Minster, David Cameron, flew to Aberdeen, the oil capital of the UK to announce £250 million emergency funding to “prop … UK Government Bails Out North Sea; Gives “Nothing to Solar”Read more