Brazil to replace oil rigs with ‘underwater cities’
Traditional oil rigs will be replaced with “underwater cities” within a decade under ambitious plans being drawn up by Petrobras, Brazil’s state-owned energy group. Petrobas…
Oil
Ex-Shell president sees $5 gas in 2012
Laurie Segall CNN NEW YORK (CNNMoney.com) — The former president of Shell Oil, John Hofmeister, says Americans could be paying $5 for a gallon of…
Gulf CEO: Oil May Near $150 a Barrel by Summer
Money News Crude oil’s price could soar to nearly $150 a barrel by summer, Joe Petrowski, chief executive of Gulf Oil and the Cumberland Gulf…
The Oil BP Tried To Hide Has Been Discovered, In Thick Layers On the Sea Floor Over An Area of Several Thousand Square Miles
Dees Illustration Washington’s Blog BP and the government famously declared that most of the oil had disappeared. But as I’ve noted, as much as 98%…
Corals ‘Severely Slimed’ After Oil Spill, Expedition Finds
Coral Reef Oil Damage (AP/NOAA image) Monica Heger LiveScience “It reminds me of going to a family funeral,” said Charles Fisher, a biology professor at…
Oil Hits 2-Year High After Supplies Drop More Than Forecast
Mark Shenk Bloomberg Crude oil rose to the highest level in more than two years after government reports showed that U.S. supplies dropped and the…
Food Prices Will Rise For Years
Joseph Dancy Financial Sense Illustrating how tight the global grain markets are becoming, and the concern of governments over higher grain prices, yesterday Russian Prime…
Oil Crisis Still Lies Ahead: $200 Oil and $6 a Gallon Gas by Late 2012
Larry Edelson Daily Trader Alert First things first. The bounce you’re seeing in gold and silver are not — I repeat, not — the beginning…
Remember $4 gasoline? Oil speculators are back
Kevin G. Hall McClatchy Newspapers WASHINGTON — Despite weak demand in the U.S. and Europe, oil prices climbed this week to near $90 a barrel…
Crude jumps above $90 on cold snap, dollar
Reuters NEW YORK – U.S. crude oil futures prices rose sharply on Tuesday, pushing above $90 a barrel for the first time in 26 months as cold…
Government reports violations of limits on spying aimed at U.S. citizens
Spencer S. Hsu Washington Post The federal government has repeatedly violated legal limits governing the surveillance of U.S. citizens, according to previously secret internal documents…
Now Food and Fuel is Running Out
Empty shelfs and trucks halted by snow: UK Express Nathan Rao and Padraic Flanagan UK Express BRITAIN was running out of food last night as…
Actor Mark Ruffalo on Terror Watch List for Opposing Gas Drilling
Mark Ruffalo/GQ Daniel Tencer Raw Story Indie actor Mark Ruffalo says he found himself on the Pennsylvania Homeland Security office’s terror watch list for organizing…
Illness Plagues Gulf Residents in BP’s Aftermath
Dahr Jamail Global Research ORANGE BEACH, Alabama, Nov 15, 2010 (IPS) – Increasing numbers of U.S. Gulf Coast residents attribute ongoing sicknesses to BP’s oil…