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Archives: Petroleum
Oil Glut Blues and the last hurrah of the Fossil Fuel Bubble
Michael T. Klare | ( Tomdispatch.com) | - - Three and a half years ago, the International Energy Agency (IEA) triggered headlines around the world by predicting that the United States would…
Great Barrier Reef Endangered: Ocean turning Acidic from our Our Coal, Oil, Gas emissions
By Mathieu Mongin, Andrew Lenton, Jennifer Skerratt & Mark Baird | (The Conversation) | - - Those of us who have been fortunate enough to have travelled to spectacular coral reefs marvel…
The Saudi-Russian Oil Price Freeze is about Power, not Money
By Nafis Alam | (The Conversation) | - - Saudi Arabia and Russia, the world’s two most powerful oil producers, have reached a tentative agreement to freeze oil production at its current…
Mideast Arms Purchases Continue Despite Falling Oil Prices, Austerity
By Thalif Deen | (Inter Press Service) | - - UNITED NATIONS, Feb 22 2016 (IPS) - The continued decline in oil prices is threatening to have a direct and indirect impact…
Koch Brothers Declare War On Electric Cars
Cenk Uygur, John Iadarola, Ana Kasparian & Ben Mankiewicz | (The Young Turks Video) | - - "This is the election where we're finally focusing on the corrosive affect of money in…
Exxon-Mobil’s past Crimes against the Earth are nothing Compared to its Present Ones
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…
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…
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…
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…
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…
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…
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…
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…
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…
The new Chinese Century? Can a Green China with no Mideast Entanglements Surpass US?
By Neil Thompson | (Informed Comment) | - - In the last fifteen years the United States has spent a total of between $4 trillion and $6 trillion on its twin wars…
As Oil Prices Crater, Algeria needs an Actual Economy or big Trouble Looms
By Allan Christelow | (Informed Comment) | - - Like other oil producers, Algeria faces difficulties with the sharp decline in prices since 2014. But unlike oil producers in the Gulf region,…
GOP Hopefuls Get $62M From Fossil Fuel Donors: Origins of Climate Denialism?
Elliot Hill and Mark Sovel | (TheLipTV Video Report) | - - "Eight out of the 17 Republican presidential candidates have received at least $62m in donations from a small number of…
Good Earth News: Are Tar Sands & Fracking Doomed by Long Oil Glut?
By Michael T. Klare | (Tomdispatch.com | - - The plunge of global oil prices began in June 2014, when benchmark Brent crude was selling at $114 per barrel. It hit bottom at $46…