Petroleum

Ann Arbor (Informed Comment) – Mussolini defined fascism as the “merger of state and corporate power.” But not all corporations are equally complicit. Obviously, our current fascist moment is driven in part by a merger of the US government with the portfolio of companies owned by Elon Musk and Peter Thiel. The focus on the […]

Featured

China’s BYD has a $16K “Tesla-killer,” as IEA finds EVs are an Oil Company-Killer

Juan Cole

Ann Arbor (Informed Comment) – Incredible new developments in electric vehicles are taking place in China with global implications. China’s BYD sold $100 billion worth of its electric vehicles (EVs) in 2024, outstripping Tesla, the sales of which were $97 billion. Since CEO Elon Musk has ruined the Tesla brand by attacking Americans’ social security, […]

Corporations

The American Oil Industry’s Playbook, Illustrated: How Drillers Offload Costly Cleanup Onto the Public

ProPublica

by Mark Olalde. ( ProPublica ) – In December 1990, officials in the federal agency tasked with regulating offshore oil and gas drilling received a memo with a dire warning: America faced a ticking time bomb of environmental liability from unplugged oil and gas wells, wrote the agency’s chief of staff. Those wells and their […]

Featured

China and the Slowing Petroleum Market: EVs displaced 1.5 mn. Barrels per Day in 2024

Juan Cole

Ann Arbor (Informed Comment) – The International Energy Agency signaled last week that the rate of increase in world petroleum demand fell in the second quarter of 2024 to an 18-month low. The increased demand was only 710,000 barrels a day. The world used 102.04 million barrels per day of petroleum as of May. That […]

Climate Crisis

The Race to End Fossil Fuel Production

John Feffer

( Foreign Policy in Focus ) – Everyone complains about the weather, but nobody does anything about it. This quip by the American essayist Charles Dudley Warner applies to fossil fuels as well. Everyone talks about ending fossil fuel production, but almost no one is doing anything about it. Take the example of the Biden […]

Climate Crisis

Playing Russian Roulette with our Only Planet: Middle East Gets Failing Grades on Climate Action

Juan Cole

This is my latest column for Tomdispatch.com. Do check in over there for Tom Engelhardt’s essential introduction. ( Tomdispatch.com ) – Last September witnessed what used to be a truly rare weather phenomenon: a Mediterranean hurricane, or “medicane.” Once upon a time, the Mediterranean Sea simply didn’t get hot enough to produce hurricanes more than […]

Arctic

If melting Glaciers shut down the Atlantic Gulf Stream, Extreme Climate Change Catastrophes will Follow

The Conversation

By René van Westen, Utrecht University; Henk A. Dijkstra, Utrecht University; and Michael Kliphuis, Utrecht University | – Superstorms, abrupt climate shifts and New York City frozen in ice. That’s how the blockbuster Hollywood movie “The Day After Tomorrow” depicted an abrupt shutdown of the Atlantic Ocean’s circulation and the catastrophic consequences. While Hollywood’s vision […]

Climate Crisis

Oil Firms Forced to Consider Full Climate Effects of new Drilling after Landmark Norwegian Court Ruling

The Conversation

By Daria Shapovalova, University of Aberdeen | – Norway’s district court in Oslo recently made a decision on fossil fuels that deserves the attention of every person concerned about climate change. This ruling, which compels energy firms to account for the industry’s entire carbon footprint, could change the way oil and gas licenses are awarded […]

China

Iranian Economy Buoyed By ‘Dark Fleet’ Oil Shipments To China

Radio Free Europe Radio Liberty

By Michael Scollon | – ( RFE/RL ) – More than 6,000 kilometers from Tehran, in treacherous waters off the shores of Singapore, a “dark fleet” of oil tankers waits to offload the precious cargo that helps keep Iran’s economy afloat — a dependency that could also sink it. The fleet has grown steadily over […]