US opens ways for Shell drilling in Arctic Ocean
Environmentalists say the Arctic is crucial to endangered bowhead whales, polar bears and other marine wildlife © AFP/File Gregory Tervel AFP WASHINGTON (AFP) – US…
Oil
France Says NATO Bombing Has Failed
image by Zen Gardner Franklin Lamb LLM, PhD Activist Post One of the jokes heard at this week’s massive pro-government Friday post prayer rally at…
US envoy says Iraq critical to global energy needs
US Ambassador to Iraq James Jeffrey © AFP/Getty Images/File Alex Wong AFP The US ambassador in Baghdad said on Saturday that the State Department has…
IEA Oil Dump A Disaster In The Making
Brandon Smith Alt-Market It’s amazing. In the wake of the 2008 derivatives and housing bubble collapse, created by the U.S. Treasury and the private Federal…
US ready to release more oil from reserves
Gasoline storage tanks in Fairfax, Virginia © AFP/File Paul J. Richards AFP WASHINGTON – The United States said Thursday it would release more oil from…
BP wins a big one in oil spill litigation
The Deepwater Horizon – Wiki Image Sabrina Canfield Courthouse News Service NEW ORLEANS – Ruling in favor of Transocean and BP, a federal judge on…
US Senate votes down ethanol subsidies
Critics say ethanol, made mainly from corn in the United States, has diverted too much grain from food to fuel © AFP/File Stan Honda AFP…
Hugely Successful Oil Auctions in Iraq Creating Windfall for US Oil Services Companies
Rumaylah Oil Fields, Iraq – Wiki Image The Mad Hedge Fund Trader Minyanville The success of the recent oil auctions in Iraq is creating a…
Oil price rises sharply after Opec meeting collapses in disarray
• Proposal to increase production rejected by 6 of 12 members • Analysts foresee Opec’s power base weakening Gas prices rising wikimedia image Terry Macalister…
NATO-led coalition to plan post-Kadhafi Libya: US officials
© AFP/File Mahmud Turkia AFP ABU DHABI (AFP) – US Secretary of State Hillary Clinton arrived in the United Arab Emirates on Wednesday for talks…
Libyan rebel group sells first oil to U.S.
Dees Illustration Jamie Crawford CNN Washington (CNN) — The rebel government in control of the eastern part of Libya has made its first sale of…
Call The Bluff of Financial Terrorists (Video)
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The Simpler Way perspective on the global predicament
Ted Trainer Energy Bulletin The dominant view, almost never questioned, is that major global problems can be solved within and by the kind of society…
Food prices set to double by 2030, aid group says
“Now we have entered an age of growing crisis, of shock piled upon shock: vertiginous food price spikes and oil price hikes, devastating weather events,…