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Tag Archives: Oil

Iraq steps back from plans to triple oil production

AP | Iraq officially stepped back on Wednesday from its ambitious plans to more than triple its oil production by 2017, but it remains more optimistic than the world’s leading global energy monitor about how fast and how high it ...

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Iraqi government fuels ‘war for oil’ theories by putting reserves up for biggest ever sale

Terry 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 ...

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Why weren’t managers charged in oil-sex scandal?

By 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 ...

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Tools to Expose Big Oil’s Influence on Our Political System

You 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 ...

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SchNEWS DRILLS FOR THE TRUTH IN PEAK OIL THEORY

SchNEWS | 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 ...

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The Secret Deal For Iraq’s Oil

The 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 ...

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BP shuts down Georgia pipelines

Energy 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 ...

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Iraq’s oil-fueled surplus could hit $80 billion, report says

WASHINGTON (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 ...

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Crisis Looms as Corporations Seize Control of Commodities

By 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 ...

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BP hits a record but warns of Russia risk

BP 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 ...

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