Truthdig - Tag - Arctic Oil

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Tag: Arctic Oil

Azzazello (CC-BY)

A Tough-Oil World

By Michael T. Klare, TomDispatch —

The world still harbors large reserves of petroleum, but they are of the hard-to-reach, hard-to-refine, “tough oil” variety that will be more costly to extract, refine and buy at the pump.

Posted on Mar 14, 2012 READ MORE | 8 COMMENTS

Flickr / Ulrich Latzenhofer

Greenpeace Rattles an Oil Rig Off Greenland

U.K.-based Cairn Energy suspended deep-water drilling operations on a platform off the southwest coast of Greenland after Greenpeace activists boarded the rig to demand the release of the company’s unpublished oil spill response plan. (more)