Oil
« Previous EntriesIraqi government fuels ‘war for oil’ theories by putting reserves up for biggest ever sale
Monday, October 13th, 2008Terry Macalister and Nicholas Watt | The biggest ever sale of oil assets will take place today, when the Iraqi government puts 40bn barrels of recoverable reserves up for offer in London. BP, Shell and ExxonMobil are all expected to attend a meeting at the Park Lane Hotel in Mayfair with the Iraqi oil minister, Hussein al-Shahristani. Access is being given ...
tagged Iraq and Oil
Why weren’t managers charged in oil-sex scandal?
Friday, September 19th, 2008By Marisa Taylor | The Interior Department's watchdog criticized the Justice Department on Thursday for declining to prosecute the managers of an oil- and gas-royalty program that's been tainted by allegations of illicit sex, drug use and taking favors worth thousands of dollars. The Justice Department prosecuted two employees from the Minerals Management Service, but Inspector General Earl Devaney said he didn't know why the department's lawyers didn't act on his ...
tagged Oil
Tools to Expose Big Oil’s Influence on Our Political System
Tuesday, September 9th, 2008You can use Oil Change USA's tools to educate, activate and engage people coming to your website and blog by: launching an email campaign that links our tool to your recipients, telling them exactly how much oil or coal money their representatives or candidates have taken from the oil or coal industries, and how often they vote for Big Oil (see the attached image of our email mash-up campaign ...
tagged Oil
SchNEWS DRILLS FOR THE TRUTH IN PEAK OIL THEORY
Saturday, August 30th, 2008SchNEWS | From Transition Town workshops to the city slickers at the Financial Times (to over-excited pieces in ill-researched journals like SchNEWS), there’s been more and more interest in ‘Peak Oil’. Perhaps it’s got something to do with the price of a barrel reaching $140+ (down to a mere $115ish at the mo), and more noticeably for most, petrol at the pumps is at record highs. Not to mention ...
tagged Environmental News and Oil
The Secret Deal For Iraq’s Oil
Tuesday, August 19th, 2008The Public Record | Four months before the United States invaded Iraq, the Department of Defense was secretly working with Vice President Dick Cheney's old company, Halliburton Corp., on a secret deal that would give the world's second largest oil services company total control over Iraq's oil fields, according to interviews with Halliburton's most senior executives. Previously undisclosed Halliburton documents obtained by The Public Record confirm that controlling the world's ...
tagged Iraq and Oil
BP shuts down Georgia pipelines
Wednesday, August 13th, 2008Energy giant BP says it has shut two of three pipelines that run through Georgia as a precautionary measure. A spokeswoman for the firm said the oil and gas pipelines, which run from the Caspian Sea into Georgia, had not been damaged by the recent fighting. The oil pipeline, which BP owns as part of a consortium, can carry up to 90,000 barrels of oil per day. Another key oil pipeline, which ...
tagged Global-News and Oil
Iraq’s oil-fueled surplus could hit $80 billion, report says
Wednesday, August 6th, 2008WASHINGTON (CNN) -- Iraq is raking in more money from oil exports than it is spending, amassing a projected four-year budget surplus of up to $80 billion, U.S. auditors reported Tuesday. Leading members of Congress, noting that Washington is paying for reconstruction in Iraq, expressed outrage at the assessment. One called the findings "inexcusable." "We should not be paying for Iraqi projects while Iraqi oil revenues continue to pile up in the ...
tagged Iraq and Oil
Crisis Looms as Corporations Seize Control of Commodities
Saturday, August 2nd, 2008By Barbara L. Minton | The global food crisis won't go away any time soon. Capitalism has the average consumer by the belly. Amid growing signs of famine and outrage, the entire chain of commodities and resources of the world are now being cornered by giant corporations. Farmland, water, fertilizer, seed, energy, and most of the basic necessities of life are falling under corporate control, providing increased wealth ...
tagged Oil
BP hits a record but warns of Russia risk
Wednesday, July 30th, 2008BP reported the biggest-ever quarterly profit for a British company but warned of the risks of doing business in Russia and promised to fight to defend its interests there. Soaring oil and gas prices helped push underlying net profit up 56 per cent to $8.6bn (£4.3bn) in the second quarter. Tony Hayward, the chief executive who took over last year, has been trying to turn the company round after years of disappointing performance ...
tagged Oil
Chomsky: Bush & Cheney Always Saw Iraq as a Sweetheart Oil Deal
Monday, July 14th, 2008By Noam Chomsky | U.S. war planners want an obedient client state that will house major U.S. military bases, right at the heart of the world's major energy reserves. The deal just taking shape between Iraq's Oil Ministry and four Western oil companies raises critical questions about the nature of the U.S. invasion and occupation of Iraq -- questions that ...
tagged Oil
War, oil caused most U.S recessions since 1950
Sunday, July 13th, 2008Reuters | Wars and sharp spikes in oil prices were behind most of the seven recessions in the United States since the Great Depression. Following is a list of recessions since 1950: 1953 -- Inflation caused by spending during the Korean War prompted the Federal Reserve to tighten monetary policy, causing a one-year recession. 1957-1958 -- A recession hit developing countries the hardest because industrial nations sharply cut their purchases of minerals and ...
tagged Oil
It’s the Oil, stupid!
Thursday, July 10th, 2008By Noam Chomsky | The deal just taking shape between Iraq's Oil Ministry and four Western oil companies raises critical questions about the nature of the US invasion and occupation of Iraq — questions that should certainly be addressed by presidential candidates and seriously discussed in the United States, and of course in occupied Iraq, where it appears that the population has little if any role in determining the future ...
tagged Oil
Iran blames West for ‘artificially’ raising oil prices, says war threat is a ‘joke’
Wednesday, July 9th, 2008KUALA LUMPUR, Malaysia | Iran's president again took aim at the West, blaming the U.S. and Europe for "artificially" raising oil prices and dismissing as "a funny joke" fears that his country could come under attack. Hours later, on Wednesday, Iranian state television reported that Tehran had test-fired nine long- and medium-range missiles during war games. The report quoted officials as saying the tests are in response ...
tagged Global-News, Iran and Oil
Happy Oil Dependence Day
Thursday, July 3rd, 2008By Robert Scheer | 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? Washington’s “Farewell Address” to the ...
tagged Oil and USA-News
U.S. Advised Iraqi Ministry on Oil Deals
Monday, June 30th, 2008By ANDREW E. KRAMER | A group of American advisers led by a small State Department team played an integral part in drawing up contracts between the Iraqi government and five major Western oil companies to develop some of the largest fields in Iraq, American officials say. The disclosure, coming on the eve of the contracts' announcement, is the first confirmation of direct involvement by the Bush administration in ...
tagged Iraq and Oil
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