Iraq Oil Contracts Auctioned

Staff / Truthdig Dec 11, 2009 After a bidding war among 44 oil companies, Shell of the United Kingdom and Petronas of Malaysia have jointly won the right to 10 oil fields in Iraq, in the second such auction since the 2003 invasion. Dig deeper ( 1 Min. Read )

Two Men Who Stood Under the Plunderers’ Knives

Amy Goodman / Truthdig Jun 10, 2009 Ken Saro-Wiwa and Alberto Pizango never met, but they are united by a passion for the preservation of their people and their land, and by the fervor with which they were targeted by their respective governments. Dig deeper ( 3 Min. Read )

Chevron, Shell and the True Cost of Oil

Amy Goodman / Truthdig May 27, 2009 The economy is a shambles, unemployment is soaring, the auto industry is collapsing. But profits are higher than ever at oil companies Chevron and Shell. Dig deeper ( 4 Min. Read )

What Else Is New? Economy Slumps, Oil Profits Surge

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

Profits up 40% at Shell, 36% at Exxon

Staff / Truthdig Jul 27, 2006 No need for creative accounting at these outfits: It's good to be an oil company these days. Dig deeper ( 1 Min. Read )

Israeli Girls Write Messages on Lebanon-Bound Shells

Staff / Truthdig Jul 19, 2006 A nauseating sign of the times: Preteen Israeli girls at a heavy artillery position in northern Israel are photographed apparently gleefully scrawling their names and other inscriptions on shells destined to be dropped on Lebanon. One reads "Nazrala with love" -- a reference to Hezbollah leader Sayyed Hassan Nasarallah. (h/t: Zak Brown) We find it disgusting whenever the ordnance of ANY country bears these kinds of messages. But to see children doing the writing is almost beyond the pale. Dig deeper ( 1 Min. Read )