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Despite Known Risk of Spill, U.S. to Let Shell Drill in Arctic

In spite of estimates of a 75 percent or greater chance of an ecologically disastrous spill, the U.S. government is expected this week to give the green light to Shell Oil’s plan to restart drilling for petroleum in the Arctic.

Posted on Mar 23, 2015 READ MORE



The Real Story Behind the Oil Price Collapse

With demand stagnant and excess production the story of the moment, the very strategy that once generated record-breaking profits for the oil industry has suddenly become hopelessly dysfunctional.

Posted on Mar 13, 2015 READ MORE



Dear Sweden: Your Dispute With Saudi Arabia Makes This a Good Time to Adopt Electric Cars (Video)

You wonder if part of the friction between Sweden’s new left-wing government and Saudi Arabia is between a strong female leader like Swedish Foreign Minister Margot Wallström and the geriatric male chauvinist leadership of Saudi Arabia, who won’t even let women drive.

Posted on Mar 12, 2015 READ MORE



Why You Should Dump Your Oil, Coal and Gas Stocks If You Ever Want to Retire

What is the total value of big energy corporations’ oil, gas and coal fields—which give them their stock prices and are counted as assets for borrowing purposes? Those hydrocarbon resources are actually worth zero.

Posted on Mar 11, 2015 READ MORE



The Great Game in the Holy Land

Almost all the current wars, uprisings and other conflicts in the Middle East are connected by an increasingly frenzied competition to find, extract and market fossil fuels whose future consumption is guaranteed to lead to a set of cataclysmic environmental crises.

Posted on Feb 27, 2015 READ MORE


Tankers

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Posted on Feb 26, 2015 READ MORE



Obama Prepared to Veto Keystone XL Pipeline Bill on Tuesday (Updated)

He said he’d do it, and it looks like he means business: President Obama is ready to flex his executive power and veto the divisive bill designed to launch construction of the proposed Keystone XL oil pipeline that would span from the U.S.-Canadian border to the Gulf Coast.

Posted on Feb 24, 2015 READ MORE



A Republican Neo-Imperial Vision for 2016

New Jersey Gov. Chris Christie’s blueprint for a U.S.-led “North American energy renaissance” is nothing less than a plan to convert Canada and Mexico into energy colonies of the United States while creating a North American power bloc capable of aggressively taking on Russia, China and other foreign challengers.

Posted on Feb 13, 2015 READ MORE



Low Oil Prices Threaten U.S. Fracking Industry

Some North Dakota companies have shut down 40 percent of their operations as plummeting oil prices render the industry far less viable than during the boom of the past five years.

Posted on Feb 8, 2015 READ MORE



AP/Esteban Felix

In the Race to Replace Panama, a Canal Tears Nicaragua Apart

The government says the transoceanic canal will be good for the economy, but foes warn of pollution and displacement.

Posted on Feb 7, 2015 READ MORE


Drilling

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Posted on Jan 29, 2015 READ MORE


King Abdullah: Royal Pain

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Posted on Jan 29, 2015 READ MORE



Tribes of the World (CC BY-NC-SA 2.0)

New Saudi King to Obama: Lower-Price Oil Policy Won’t Change

That Saudi Arabia is treated with kid gloves only has one explanation: It pumps over 10 percent of the petroleum produced daily in the world.

Posted on Jan 28, 2015 READ MORE



How Stable Is Saudi Arabia?

The kingdom faces a severe budget shortfall because of the plummeting price of petroleum, and all this instability takes place against a backdrop of substantial regional turmoil.

Posted on Jan 24, 2015 READ MORE


‘He Was Not a Benevolent Dictator, He Was a Dictator’

Dead at age 90, King Abdullah of Saudi Arabia (at right) was praised by President Obama “as a force for stability and security in the Middle East and beyond.” But analysts accuse him of turning the Syrian uprising into a proxy war with Iran, and U.S. diplomatic cables identified the country as the world’s largest funder of militant Islamist groups.

Posted on Jan 23, 2015 READ MORE


‘Left, Right & Center’: Tragedy in Paris

Truthdig Editor-in-Chief Robert Scheer and the other “Left, Right & Center” panelists discuss the tragic events in Paris that killed 17 journalists, civilians and police officers. Also, oil prices fall, and Scheer notes a false logic in approving the Keystone pipeline, and Harvard professors revolt against their new health insurance plan.

Posted on Jan 10, 2015 READ MORE



Obama Poised to Veto Keystone Pipeline Legislation

He might be viewed by some as a lame duck cornered by an antagonistic Congress eager to shut him down, but President Obama is apparently still willing to flex his executive powers when it comes to the proposed Keystone XL pipeline that would stretch from the U.S.-Canadian border to the Gulf of Mexico.

Posted on Jan 6, 2015 READ MORE



Russian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives

The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and depositors and taxpayers could be liable, following repeal of key portions of the Dodd-Frank Act signed into law on December 16th.

Posted on Dec 26, 2014 READ MORE



Hopes, Fears and Doubts About Cuba’s Oil Future

One of the most plentiful oil and gas basins on the planet sits just off Cuba’s northwest coast, but experts say low prices and better opportunities elsewhere mean a Cuban oil boon is unlikely in the near future—even if U.S. business restrictions are relaxed.

Posted on Dec 21, 2014 READ MORE



Shutterstock

New York State Bans Fracking

When natural gas companies first pressed into New York in 2008, state environmental regulators barely understood the process of “hydraulic fracturing.”

Posted on Dec 17, 2014 READ MORE



Shutterstock

Can the Keystone XL Pipeline Really Make Any Money?

Supporters of the controversial Keystone XL pipeline may have to face the reality that the project cannot generate the revenue it needs to be profitable.

Posted on Dec 16, 2014 READ MORE


Three Wise Men Upgrade

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Posted on Dec 15, 2014 READ MORE



Here Are 6 Reasons Lower Oil Prices Won’t Stop Solar, Wind and Electric Cars

Some observers have alleged that lower oil prices will slow down the green energy revolution.

Posted on Dec 13, 2014 READ MORE



Oil Price Fall: Saudi Arabia Targets U.S. Shale Oil, Iran, Iraq, Russia

It is clear that among the major losers in the fall in the price of Brent crude petroleum are Russia, Iraq and Iran. But the big loser will likely be shale oil producers and prospectors in the U.S.

Posted on Nov 29, 2014 READ MORE



Shutterstock

Why North Dakota’s Oil Boom Threatens Towns and Cities Nationwide

Using rail networks to transport crude has saved the oil and gas industry time and capital, but the trade-off is greater risk.

Posted on Nov 25, 2014 READ MORE



Fossil-Fueled Republicanism

In the wake of the midterm elections, Republican energy hawks are ascendant, having taken the Senate and House by storm. They are preparing to put pressure on a president already presiding over a largely drill-baby-drill administration to take the last constraints off the development of North American fossil fuel reserves.

Posted on Nov 20, 2014 READ MORE



Shutterstock

When a Bank Owns 100 Oil Tankers, It Can Mess With the Price of Gas

A two-year Senate investigation of the financial sector has found that banks can meddle with the economy in new and frightening ways.

Posted on Nov 19, 2014 READ MORE


Keystone Pipeline Politics

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Posted on Nov 19, 2014 READ MORE



Did Saudi Arabia Wage an Economic War on Iran, Russia and North Dakota at the G-20?

What did Saudi Arabia have to say at the recently concluded G-20 conference?

Posted on Nov 17, 2014 READ MORE


Keystone Pipeline

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Posted on Nov 15, 2014 READ MORE



Outlook Palls for Fossil Fuel Investments

Warnings within the world of high finance are coming thick and fast that the increasingly urgent need to combat climate change means investors could lose heavily by sinking funds into coal, oil and gas.

Posted on Oct 18, 2014 READ MORE



How Lowering Oil Prices Could Actually Change the World

If oil goes lower and stays there for a while, what are the implications?

Posted on Oct 14, 2014 READ MORE



A Trip to Kuwait (on the Prairie)

At 9 p.m. on that August night, when I arrived for my first shift as a cocktail waitress at Whispers, one of the two strip clubs in downtown Williston, I didn’t expect a 25-year-old man to get beaten to death outside the joint. Then again, I didn’t really expect most of the things I encountered reporting on the oil boom in western North Dakota this past summer.

Posted on Oct 13, 2014 READ MORE



Obama’s New Oil Wars

The Obama administration is wielding the oil weapon against two of the world’s leading producers, Iran and Russia. These efforts, which include embargoes and trade sanctions, are likely to have a great impact on world output, reflecting White House confidence that, in the pursuit of U.S. strategic interests, anything goes.

Posted on Oct 10, 2014 READ MORE


Head-Bangers

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Posted on Oct 9, 2014 READ MORE



Oil and Gas Companies Are Rigging Wages and Cheating Their Workers

U.S. Department of Labor investigations have uncovered hundreds of cases in which oil and gas workers, many involved in dangerous jobs, are being cheated of earnings.

Posted on Sep 27, 2014 READ MORE


Summit

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Posted on Sep 20, 2014 READ MORE



A Global Warming President Presides Over Drill-Baby-Drill America

We should certainly be witnessing real progress toward a post-petroleum economy. But the opposite is occurring. U.S. oil consumption climbed by 400,000 barrels per day in 2013 alone and is set to rise again both this year and next.

Posted on Sep 4, 2014 READ MORE



Iraq: If Terrorists Hit Southern Iraq Oil Fields, $5-$7 a Gallon Gas?

Iraq’s former oil minister, Ibrahim Bahr al-Ulum, warned Thursday that the so-called Islamic State terrorist organization could hit the Iraqi oil fields in the south around Basra.

Posted on Aug 23, 2014 READ MORE



Top 20 Oil Projects Put Investors’ Billions at Risk

An oil industry think tank warns that high-cost extraction projects failing to match oil demand with global emissions reduction targets could waste $91 billion of investors’ money over the next decade.

Posted on Aug 16, 2014 READ MORE



Canada Puts Oil Exploitation Before Forests

Having repudiated the Kyoto Protocol on reducing greenhouse gas emissions, Canada is still exploiting tar sands for oil—despite accepting that climate change is destroying its forests.

Posted on Aug 10, 2014 READ MORE


Climate Deniers, All Washed Up

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Posted on Jul 17, 2014 READ MORE



Twenty-First-Century Energy Wars

The world is aflame with new or intensifying conflicts that appear to be independent events, driven by their own unique and idiosyncratic circumstances. But look more closely and they share several key characteristics—notably, a witch’s brew of ethnic, religious, and national antagonisms that have been stirred to the boiling point by a fixation on energy.

Posted on Jul 10, 2014 READ MORE


Iraq That Was and Could Have Been

The British Pathé archive gives us an opportunity to resist historical forgetting and know a modernizing Iraq that was prouder and more self-determined than the hothouse of anxiety and ruin that latter-20th century U.S. aggression made it today.

Posted on Jun 26, 2014 READ MORE



It’s the Oil, Stupid!

Sunni insurgents are not only in a struggle against what they see as oppression by a largely Shiite government in Baghdad and its security forces, but also over who will control and benefit from what Nouri al-Maliki—speaking for most of his constituents—told The Wall Street Journal is Iraq’s “national patrimony.”

Posted on Jun 26, 2014 READ MORE



Why You Need an Electric Vehicle: Radicalism in Iraq Menaces World’s Most Important Oil Fields

The virtual collapse of the Iraqi army and its inability to take back any territory from Sunni forces coordinated by the Islamic State of Iraq and Syria brings into question our earlier insouciance about the oil impact of ISIS advances.

Posted on Jun 24, 2014 READ MORE



300 U.S. Troops Are Heading to Iraq

President Obama announced Thursday that up to 300 “military advisers” will assist Iraq’s embattled army against advancing Sunni insurgents, and insisted that the U.S. would not be drawn into another war in the country.

Posted on Jun 19, 2014 READ MORE



ISIS Moves on Iraq’s Biggest Oil Refinery

Militant Islamists have attacked Iraq’s largest oil refinery in the city of Baiji, 155 miles north of Baghdad.

Posted on Jun 18, 2014 READ MORE



New Environmentalists Taking Bold Actions, and They’re Working

No longer dominated by the traditional “Big Green” groups that were taking large donations from corporate polluters, the new environmental movement is broader, more assertive and more creative.

Posted on May 26, 2014 READ MORE



The Birth of a Eurasian Century

A specter is haunting Washington, an unnerving vision of a Sino-Russian alliance wedded to an expansive symbiosis of trade and commerce across much of the Eurasian land mass—at the expense of the United States.

Posted on May 19, 2014 READ MORE


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