By Bill McKibben | ( Tomdispatch.com ) | – – Here’s the story so far. We have the chief legal representatives of the eighth and 16th largest economies on Earth (California and New York) probing the biggest fossil fuel company on Earth (ExxonMobil), while both Democratic presidential candidates are demanding that the federal Department of […]
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Petroleum
Oil Dictator Dominos
By Bill Emmott | Project Syndicate | – – LONDON – Price movements as large and rapid as those that have upended oil markets since June 2014 are sure to cause pain to some and benefit others. Though the pain tends to capture the most attention, the benefit is just as important – if not […]
The Surprising Reasons Oil Prices Keep Falling
By Marcelle Arak and Sheila Tschinkel | (The Conversation) | – – Global stock markets have been in a tailspin this week. And the sinking price of oil received at least some of the blame. Just this week, the cost of a barrel of crude reached a 12-year-low of US$27, down from more than $100 […]
The Oil Pricequake: From Russia to Saudi Arabia & Iran, a suddenly Perilous World
By Michael T. Klare | ( Tomdispatch.com) | – – As 2015 drew to a close, many in the global energy industry were praying that the price of oil would bounce back from the abyss, restoring the petroleum-centric world of the past half-century. All evidence, however, points to a continuing depression in oil prices in […]
With Oil at $36/barrel, Have Democrats just Won the Presidency?
By Juan Cole | (Informed Comment) | – – The price of petroleum fell Monday to levels not seen since the crash of 2008, at one point hitting $35 a barrel in New York. There is every reason to expect prices to remain low for a few years, and they could easily go lower as […]
ISIL/ Daesh can be Starved of Oil Revenue: Here’s How
By David Stupples | (The Conversation) | – – The high costs of running the Islamic State’s “caliphate” and fighting a ground war are largely met from selling oil, supplemented with donations and money extorted from Christians and hostages. Preventing the jihadists from profiting from oilfields under its control should be a priority for the […]
Keystone XL Cancelled: 8 yrs Later Obama finally moves against Tyranny of Oil
National Sierra Club | (Video Clip) | – – “ VICTORY! President Obama just announced that he will reject the Keystone XL tar sands pipeline.. After more than seven years of hard work and amazing dedication, we achieved a monumental victory in the fight to protect our planet from the disastrous effects of fossil fuels […]
Bernie Sanders wants Ban new Drilling Offshore, on Fed. Land
John Iadarola | (The Young Turks) | – – “Bernie Sanders is taking a strong stand against climate change. He proposed an aggressive plan to curb the United States consumption of fossil fuels. John Iadarola, host of Think Tank, delivers his Final Judgment on the Keep It In The Ground Act.” The Young Turks: “Bernie […]
Fearing Obama Veto, TransCanada Suspends Keystone Pipeline Review, Hoping for GOP Win
Wochit News | (Video Report) | – – TransCanada Seeks to Suspend Keystone Pipeline Review Appendix Last winter at The Conversation Peter Erickson and Michael Lazarus of the Stockholm Environment Institute took their cue from President Obama and researched how much extra C02 would be emitted if Keystone XL were built. They concluded it could […]