OIL, power and corruption
Crude back near $90 a barrel after oil cartel dashes hopes for increased production, saying market fundamentals are unchanged and supply is sufficient. [Despite the fact that demand has now outpaced supply] December 5 2007 Global Oil Production Has Peaked NEW YORK (CNNMoney.com) — OPEC dashed hopes that it would step up production at its meeting Wednesday, news that sent oil prices shooting back towards the $90 a barrel mark. . . CONTINUE
By ROBERT F. KENNEDY JR. FrugalMarketing.com It has become clear to most Americans that maintaining our national security will require reducing our dependence on foreign oil. But Republicans are using the current crisis to push through a reckless energy agenda, including drilling in the Arctic National Wildlife Refuge, that will not improve America’s security. Even the conservative Cato Institute has called President Bush’s claim that Arctic oil would reduce gas. . . CONTINUE
The world’s most essential oil field may be in decline. by James D. Hamilton, The Atlantic Running Dry No country is more important to oil markets than Saudi Arabia. The kingdom produced roughly 9.2 million barrels of crude a day in 2006, and accounted for 19 percent of world oil exports. Many analysts expect it to supply a quarter of the world’s added production over the next few years. And. . . CONTINUE
Resisting Change: Global Warming Deniers The Truth About Denial The denial here is documented, exposed. In China it is incredible! (see previous post) By Sharon Begley, Newsweek, Aug. 13, 2007 Sen. Barbara Boxer had been chair of the Senate’s Environment Committee for less than a month when the verdict landed last February. “Warming of the climate system is unequivocal,” concluded a report by 600 scientists from governments, academia, green groups. . . CONTINUE
September 20, 2006, Posted by Teresa The Royal Society — the world’s oldest learned society — has publicly taken on Exxon. Just so you know: this is the first time in the Royal Society’s 364 years that they’ve done something like this. Britain’s leading scientists have challenged the US oil company ExxonMobil to stop funding groups that attempt to undermine the scientific consensus on climate change. In an unprecedented step,. . . CONTINUE
Pay Heed On July 12, 2006, Sterling D. Allan wrote: Billed as the largest bankruptcy ever, the Enron demise is something to which our generation must pay heed. Surely Enron is not the only company in our day engaged in the kind of greed-driven and unethical practices that brought about Enron’s demise. They were focused on money, not service nor enduring principles. Anything to increase earnings, no matter how many. . . CONTINUE
