California Back in Big Oil’s Crosshairs as Feds Quietly OK Offshore Fracking

By Nadia Prupis / Common Dreams May 30, 2016 "This move paves the way for offshore fracking permits that were previously frozen and the dumping of toxic wastewater directly into the Pacific Ocean." Dig deeper ( 2 Min. Read )

Large U.S. Firms Hold $2.1 Trillion Overseas to Dodge Taxes

Staff / Truthdig Oct 7, 2015 The 500 largest US companies would owe an estimated $620 billion in U taxes were it not for the more than $21 trillion in offshore cash that most of the firms hold in foreign tax havens, according to a study released this week . Dig deeper ( 2 Min. Read )

Tax Bracketology

Adam Zyglis, The Buffalo News, Cagle Cartoons Mar 20, 2015 Dig deeper

NSA Harvests Millions of Personal Online Contact Lists

BLANK Oct 15, 2013 In an astoundingly broad sweep, the National Security Agency has been collecting personal online contact lists from tens of millions of Americans through instant message log-in systems, such as Facebook. And it has evaded legal proscriptions on domestic spying by collecting the data from offshore collection points, The Washington Post reports. Dig deeper ( 3 Min. Read )

Offshore Everywhere: The Plan to End National Sovereignty as We Know It

By Tom Engelhardt Feb 6, 2012 The defense cuts that will change the American way of war may mean little in monetary terms, but in imperial terms they will make a difference: They will offer a direct challenge to national sovereignty. Dig deeper ( 8 Min. Read )

The Dirty Secret of the Jobless Recovery

Staff / Truthdig Jul 3, 2011 Have you ever asked yourself what makes a "jobless recovery" possible? Since the beginning of the recession, American companies have trimmed their staffs and shifted work to remaining employees, largely without increasing pay, and those workers are not reaping the benefits. (more) Dig deeper ( 2 Min. Read )

And Now for Another Offshore Rig Explosion

Staff / Truthdig Sep 2, 2010 Just when we all had heard quite enough about man-made problems in the Gulf of Mexico, here comes another: On Thursday, an explosion occurred on an offshore platform called the Vermilion 380, but this time natural gas is the rig's target resource. Dig deeper ( 1 Min. Read )

R.I.P. Offshore Drilling Ban

Staff / Truthdig Sep 24, 2008 Congressional Democrats seemed to have turned in their spine -- yet again -- Tuesday when they announced they would allow the 26-year-old ban on offshore drilling to expire, a resounding sellout to the rhetoric of the McCain campaign and a reactionary move aimed at accommodating the crisis-ridden financial markets. Dig deeper ( 1 Min. Read )

McCain Camp Gets Big Checks From Big Oil Execs

Staff / Truthdig Aug 4, 2008 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. Dig deeper ( 1 Min. Read )

House Lifts Offshore Drilling Ban

Staff / Truthdig Jun 30, 2006 More red meat for the energy companies. Dig deeper ( 1 Min. Read )