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Tag: Oil


Flickr / ccgd

Pelosi Takes the Heat on Drilling

According to the Politico, House Speaker Nancy Pelosi has given her blessing to vulnerable Democrats to rebel against the party’s position on offshore drilling. The strategy goes something like this: Pelosi plays the liberal from San Francisco while representatives of more conservative districts berate her. With a majority intact, the Democrats push through a comprehensive energy policy sometime in 2009.

Posted on Aug 5, 2008 READ MORE


Iraq’s $79-Billion Windfall

A congressional report has found that the Iraqi government will soon have a $79-billion surplus, thanks to the record price of oil. It’s a figure that will surely raise eyebrows as the U.S. shells out an additional $48 billion for reconstruction, but the situation, like all things involving billions and bombs, is a lot more complicated.

Posted on Aug 5, 2008 READ MORE


Pocket ad

Obama and McCain Spar Over Oil

Both Barack Obama and John McCain have recently changed their positions when it comes to dealing with the burgeoning energy crisis and America’s all-too-apparent dependence on foreign oil, but that doesn’t mean each presumptive nominee isn’t going to keep pointing out the other’s potential inconsistencies and flaws, as Obama’s new ad here demonstrates.

Posted on Aug 4, 2008 READ MORE



twitter.com

Republicans Go Web 2.0 for House Protest

House Republicans are camping out in the Capitol, trying to pressure an up-or-down vote on offshore drilling. The lights and the C-SPAN cameras are off, but a number of lawmakers have turned to new media sites such as YouTube and even Twitter to microblog their dissent.

Posted on Aug 4, 2008 READ MORE


McCain at Red Ribbon
AP photo / Mary Altaffer

McCain Camp Gets Big Checks From Big Oil Execs

It’s not particularly surprising that oil executives at the Hess Corp. got a little excited when John McCain changed his position in June and called for offshore drilling, but it is interesting that the Hess brass, according to Talking Points Memo, apparently demonstrated their gratitude (cue cash register sound effect here) by writing some big checks to the McCain campaign.

Posted on Aug 4, 2008 READ MORE


Skeptical Junkie

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Posted on Aug 4, 2008 READ MORE


What Else Is New? Economy Slumps, Oil Profits Surge

Despite the massive federal stimulus package, national GDP only grew 1.9 percent from April to June, the Commerce Department has announced, and it actually shrank in the last quarter of 2007. Meanwhile, high gas prices, supposedly reflecting costs, spiked profits of oil companies, with Exxon recording its most profitable quarter ever. In fact, reports the NYT, “It was the highest quarterly profit ever for any American company, as Exxon made nearly $90,000 a minute.”

Posted on Jul 31, 2008 READ MORE


Gashole

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Posted on Jul 30, 2008 READ MORE    


McCain’s Oil Drilling Hoax

John McCain’s newfound enthusiasm for oil drilling probably has more to do with campaign donations than any public benefit—that’s because there isn’t any.

Posted on Jul 30, 2008 READ MORE


McCain

Obama = Britney = Paris. Say What?

Do you think that when John McCain helped craft the legislation requiring “I approved this message” at the end of political ads he could have envisioned himself attaching his name and approval to this silliness? Behold, McCain’s attempt to elevate the discourse ... by likening his opponent to Britney Spears and Paris Hilton.

Posted on Jul 30, 2008 READ MORE


Stevens
treehugger.com

Alaska Senator’s Home Improvements Lead to Corruption Charges

Sen. Ted Stevens of Alaska was indicted Tuesday on seven felony counts in a corruption scandal stemming from some mutual back-scratching he allegedly engaged in with oil service and construction company VECO. The charges against the Republican include secretly accepting renovations to his vacation home in exchange for official favors to VECO.

Posted on Jul 29, 2008 READ MORE


Arctic Oil

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Posted on Jul 29, 2008 READ MORE


John McCain
Flickr / marcn

Fortune Frowns on McCain

John McCain had hoped for a photo op atop an oil rig, but he got a hurricane and an oil spill instead. The senator is known for his superstitions, but lately his lucky charms don’t seem to be doing the trick. The Washington Post takes a closer look at McCain’s week of bad luck and finds there’s more to frown about on the horizon.

Posted on Jul 23, 2008 READ MORE


Al Gore

Al Gore’s Netroots Cameo

The former vice president had some choice words for big oil on Saturday, when he stopped by the Netroots Nation conference in the liberal heart of Texas to elaborate on his energy ideas and connect the dots between America’s economic and foreign policy quandaries.

Posted on Jul 20, 2008 READ MORE


Chavez
vivirlatino.com

New Hampshire Takes Chavez Up on Free Oil Offer

Americans are undergoing an “attitude adjustment,” as the AP puts it, when it comes to oil, as evidenced by the current debate over lifting the ban on drilling off the U.S. coastlines. Another sign that drastic times call for what some might call drastic measures: New Hampshire residents will be keeping warm this winter with a little help from Venezuelan President Hugo Chavez.

Posted on Jul 19, 2008 READ MORE


The Democrats’ Visionary

On the issue of gasoline prices, Republicans think they have a winner in their call for new drilling and Democrats are playing defense. Democrats need—this is a technical term—a lot more oomph. Al Gore wants to help them.

Posted on Jul 17, 2008 READ MORE


gas prices
AP photo / Lisa Poole

Inflation Runs at a 26-Year High

The once-mighty U.S. dollar is full of hot air, or at least the rate of inflation is at a 26-year high due to the recent economic toils and astronomical energy prices. Prices U.S. consumers pay shot up 1.1 percent in June—or more directly, your paycheck just got 1.1 percent smaller.

Posted on Jul 16, 2008 READ MORE


Republican Song billboard
gawker.com

Enterprising GOP Troubadour Blends Poetry, Politics in ‘Republican Song’

With all the subtlety of a jackhammer, an enterprising right-wing artiste by the name of Mike Meehan has recorded an election-year anthem, “Please Don’t Vote for a Democrat,” and has launched a corresponding PR campaign via the Internet and billboard ads—like this one in noted liberal stronghold Orange County, Florida—in hopes of striking fear and indignation into the hearts of undecided voters.

 

Posted on Jul 16, 2008 READ MORE



Flickr / ccgd

Bush Lifts Drilling Ban

In keeping with his image, the president made a lot of noise on Monday while accomplishing absolutely nothing. In keeping with theirs, the Democrats condemned the president while making plans to roll over. George W. Bush lifted an executive oil drilling ban, but a national moratorium remains in place. The hot air, meanwhile, is getting to the Democrats, some of whom chastised the president while others worked up one of their famous compromises.

Posted on Jul 14, 2008 READ MORE



AP photo / Petros Giannakouris

Disorderly or Not, America Should Withdraw

The endless debate about the U.S. withdrawing its army from Iraq and what will happen to the country once it does tends to ignore much of what we know about how the world works.

Posted on Jul 9, 2008 READ MORE


Free SUV

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Posted on Jul 6, 2008 READ MORE


Mexico Food Protest
treehugger.com

Biofuels Blamed in Global Food Crisis

While environmentalists and opponents of foreign oil may have found common cause in the use of biofuels, a new, confidential World Bank report estimates that the recent increase in plant-based fuel production has actually contributed to a 75 percent rise in global food prices, sparking riots across the world and pushing millions beneath the poverty line.

Posted on Jul 4, 2008 READ MORE


Schumer on oil
AP photo / Charles Dharapak

Happy Oil Dependence Day

As we head into the Fourth of July weekend of patriotic bluster and beer swilling—but before we are too besotted with ourselves—might we also for once consider our imperfections? Why not take a moment to heed the cautions of our founding father, George Washington, whose true legacy will most likely be ignored during the flag-waving weekend?

Posted on Jul 1, 2008 READ MORE



Flickr / Svadilfari

Georgia Cops to Charge for Their Trouble

If you plan on speeding through Holly Springs, Ga., be warned: The police chief there has decided to start charging the pulled-over a fuel surcharge. Cop houses around the country are struggling with the high cost of gas. The chief in Holly Springs said he got the idea from businesses, such as airlines, that pass their troubles on to the consumer.

Posted on Jul 1, 2008 READ MORE


polar bear
Richard Ellis

Politicizing the Polar Bear

More than any other mammal (except of course Mr. Homo sapiens), Ursus maritimus, which translates as maritime bear, has been in the forefront of the news lately, the subject of television specials, lawsuits, congressional debates, and New York Times editorials. Why?

Posted on Jun 30, 2008 READ MORE


Dear American Voter

A Venezuelan’s Perspective on Campaign ‘08

There’s a great deal riding on this November’s presidential election—and, clearly, not just for Americans. Link TV has put together a new feature called “Dear American Voter” to tell those who will be able to cast their vote in the U.S. what their choices might represent for the rest of the world.

Posted on Jun 30, 2008 READ MORE


OIL-E

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Posted on Jun 30, 2008 READ MORE


oil
Flickr / YouLocalDave

American Fingers in Iraq’s Cookie Jar

The theory that the Bush administration wanted Iraq for its oil has just gotten a major boost. It turns out that the U.S. State Department sent over a team of lawyers and consultants to help the Iraqi government work out several high-profile no-bid contracts with five Western oil giants.

Posted on Jun 29, 2008 READ MORE



NOAA

Supreme Court Slashes Exxon Valdez Penalty

Nineteen years ago, the Exxon Valdez supertanker struck a reef in Alaska, causing an environmental catastrophe so devastating its impact continues to be felt. A court later slapped Exxon with $5 billion in punitive damages, but on Wednesday the Supreme Court ruled that the oil giant shouldn’t have to pay more than about a tenth of that amount.

Posted on Jun 25, 2008 READ MORE


Greenspan
broadcatching.wordpress.com

Greenspan Talks Recession as Oil Prices Soar

Seems like everything is a crisis these days, what with the subprime mortgage crisis, the oil crisis and, perhaps most troubling of all, the climate change crisis. Former Federal Reserve Chairman Alan Greenspan acknowledged the complexity and interconnectedness of these unsettling trends Tuesday, stopping short of declaring that a major recession is on the way but without ruling out a recession of lesser magnitude.

Posted on Jun 24, 2008 READ MORE


Oil Mania

There’s nothing like the Saudi version of straight talk to put in perspective the tongue-twisting of American politicians.

Posted on Jun 23, 2008 READ MORE


It’s a Bird, It’s a Plane ...

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Posted on Jun 22, 2008 READ MORE


War Memorial

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Posted on Jun 22, 2008 READ MORE


Lord Petro

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Posted on Jun 19, 2008 READ MORE


Bush
bbc.co.uk

Bush: Lift the Ban on Offshore Drilling

President Bush called for a speedy end to the ban on offshore oil drilling in American coastal waters Wednesday, chiding his congressional challengers by declaring that there’s “no excuse for delay” in lifting the “outdated and counterproductive” restrictions. However, some of his political opponents on this issue, like California Gov. Arnold Schwarzenegger, are giving him heat from his own side of the political aisle.

Posted on Jun 18, 2008 READ MORE


Fuel Duel

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Posted on Jun 17, 2008 READ MORE



Flickr / dsearis

McCain Pulls the Pin on Offshore Drilling

John McCain is hoping that Americans, particularly those living in coastal states, are so sick of high gas prices they won’t mind a little extra offshore drilling. That’s a risky assessment according to The Politico and the former head of the Florida GOP, who said that back before fuel costs skyrocketed it “would have been like pulling a pin on a grenade and rolling it into the state.”

Posted on Jun 17, 2008 READ MORE


Oil Junkie

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Posted on Jun 15, 2008 READ MORE


ENTER_ALT_TEXT

Carville: Obama Should Pick Gore

Clinton enthusiast James Carville tells CNN that Barack Obama should select Al Gore as his vice president candidate and energy czar in order to “send a signal to the world ... that America’s gettin’ serious about this horrendous problem that we face.”

Posted on Jun 11, 2008 READ MORE


oil barrels
Flickr / XcBiker

Senate Blocks Oil Tax

Forty-one Senate Republicans stayed in lock step with the oil industry Tuesday as record gas prices have big oil rolling in profits at consumers’ expense. Even as they face another tough election, Republicans in Congress refused to allow a tax on oil companies’ “unreasonable” revenue.

Posted on Jun 10, 2008 READ MORE


Bush on energy
AP photo / Rich Pedroncelli

Blame Rising Oil Prices on Bush

Wow, a lot of people must have bought Hummers last week. How else to explain the spike in oil prices? No, I’m not being silly: They are, and by they I mean the gaggle of media pundits and other administration apologists—abetted by some green zealots—who want to explain our energy crisis by reference to profligate consumers.

Posted on Jun 10, 2008 READ MORE


Oil

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Posted on Jun 8, 2008 READ MORE


Mission to Mars

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Posted on May 29, 2008 READ MORE


oil price graph
news.bbc.co.uk

Oil Hits New High, Again

The price of a barrel of crude oil has doubled over the last year, reaching a record $135 on Thursday. With dwindling supplies and a weak dollar, analysts expect the price to go up for some time.

Posted on May 22, 2008 READ MORE


gas prices
AP photo / Lisa Poole

Paying for War at the Pump

What’s it got to do with the price of gas? Would some reporter with access to the Republican presidential candidate please ask John McCain why he wants to continue President Bush’s Mideast policy when it has proved so ruinous for American taxpayers?

Posted on May 20, 2008 READ MORE


McCain Forest Photo-Op
AP photo / Dean Rutz

McCain Warms Up to the Environment

John McCain pranced through a Washington forest with reporters Tuesday, speaking of his historical support for the environment and his plan to slow global warming. The move is seen as an effort to differentiate McCain’s brand of Republicanism from Bush, who ritually regarded global warming as a “theory.”

Posted on May 14, 2008 READ MORE


Geoffrey Wheatcroft on ‘Muqtada’

In this first-ever biography of the religious leader many predict will take over Iraq after the Americans leave, Patrick Cockburn, one of the most respected correspondents in the Middle East, provides a dramatic look at a man Paul Bremer denounced as a “Bolshevik Islamist.”

Posted on May 9, 2008 READ MORE


McCain
AP photo / Mary Altaffer

McCain Revisits Remarks About Oil and Occupation

In a bid to clarify his stance on the (current) Iraq war, as well as just how long he’d be “fine” with maintaining a U.S. military presence in the region, Sen. John McCain held one of those town hall meetings that are so de rigueur among campaigning politicians these days, this time in Denver, where he performed some semantic gymnastics for his audience at the Robert E. Loup Jewish Community Center.

Posted on May 3, 2008 READ MORE


Clinton
Flickr / Nrbelex

Iran Condemns Clinton

If Hillary Clinton becomes the next president, her administration will have a hell of a time improving relations with Iran, a country that has a few cards to play when it comes to stability in Iraq and the price of oil. That’s because Clinton recently threatened Iran’s annihilation and it turns out that the Iranian government pays attention to these things.

Posted on May 1, 2008 READ MORE



Flickr / azrainman

$10.9 Billion Ain’t What it Used to Be

Exxon Mobil made $10.9 billion last quarter, but investors were disappointed that the world’s biggest oil company had only its second-biggest quarter ever. With a product that is harder and harder to find, shareholders who demand even bigger windfalls and consumers who are about ready to revolt, you almost have to feel sorry for the oil companies. No, you really don’t.

Posted on May 1, 2008 READ MORE


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