Oil Change

http://priceofoil.org

• “What you have done is totally unethical!!”

  http://priceofoil.org/2008/05/09/what-you-have-done-is-total...
  14 hours

  [ Dennis Avery]Two of the leading climate sceptic organisations are in real trouble over misrepresenting the views of climate scientists. Back in September last year, Dennis Avery from the right-wing Hudson Institute, wrote an article claiming that 500 scientists backed the theory that “most of the recent global warming has been caused by a long,

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• Antarctica: Climate Change Exposes “Toxic Soup”

  http://priceofoil.org/2008/05/09/antarctica-climate-change-e...
  14 hours

  One of the ways climate change will affect us will be in ways we do not expect. We may have climate models, but we cannot predict all the horrors that lie in store. Here is one such horror. The New Scientist has run a story about how “decades after most countries stopped spraying DDT, frozen stores of the insecticide are now trickling out of

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• Court Rules BP Blast Victims Rights’ Have Been Violated

  http://priceofoil.org/2008/05/09/court-rules-bp-blast-victim...
  14 hours

  A US federal appeals court has ruled that the rights of victims in BP’s fatal Texas City explosion in March 2005 were violated by US prosecutors who reached a secret plea agreement with the UK oil group late last year before consulting victims. The victims insist the plea deal is too lenient and they should have been consulted on the terms

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• Still Doubting?

  http://priceofoil.org/2008/05/08/still-doubting/
  1 day

  One of my more frequent and controversial topics of comment is peak oil. It was nine years ago this week that I first wrote of the phenomenon. For those of you who may have missed all those commentaries, here’s a quick recap. “Peak oil” is the term used to describe the situation that will occur (or is occurring)

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• Democrats Seek Special Tax on Oil Profits

  http://priceofoil.org/2008/05/08/democrats-seek-special-tax-...
  1 day

  Democrats in the US Senate yesterday called for a temporary special tax on oil companies’ profits and a rollback of $17 billion in oil industry tax breaks as part of an energy package. The proposed 25 percent profits tax would apply just to oil company earnings above what would be considered “reasonable” and only if those profits are not

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• Koalas at Risk from Climate Change

  http://priceofoil.org/2008/05/08/koalas-at-risk-from-climate...
  1 day

  First it was the polar bear, now its the Koala. Both are threatened by climate change.  The bears are threatened by the rising level of carbon dioxide in the atmosphere because it saps nutrients from the eucalyptus leaves they feed on. According to Ian Hume, emeritus professor of biology at Sydney University,

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• Oil Price “May Hit $200 A Barrel”

  http://priceofoil.org/2008/05/08/oil-price-may-hit-200-a-bar...
  1 day

  Do you remember the days when oil was only $100? Although there has been speculation in recent days concerning the oil price, one of the most authoritative predictions so far has the price of crude oil at $200 within as little as six months. The prediction by Goldman Sachs was made as benchmark US light crude passed the $123 mark for the first

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• Oil Sands Project in the Dock

  http://priceofoil.org/2008/05/07/oil-sands-project-in-the-do...
  2 days

  Another day, another court room battle concerning big oil. This time its oil sands in the dock. Imperial Oil’s (majority owned by Exxon) fight to win the right to drain muskeg at an oil sands project begins today in an Alberta courtroom. At a time of intense public scrutiny of the region and the way the oil is extracted from the ground,

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• Carter to Mediate in Nigeria?

  http://priceofoil.org/2008/05/07/carter-to-mediate-in-nigeri...
  2 days

  The Niger Delta Rebel group MEND has promised to suspend attacks on US and European oil facilities in Nigeria if former American President Jimmy Carter mediates peace talks. “President Carter represents transparency, impartiality, humility and integrity; four key ingredients critical in the mediator recipe towards ensuring a genuine and enduring

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• “Our wells are drying”

  http://priceofoil.org/2008/05/07/our-wells-are-drying/
  2 days

  President Susilo Bambang Yudhoyono of Indonesia has said that his country was considering quitting OPEC because it was no longer a net oil exporter. “Our wells are drying,” he said in a nationally televised speech, adding that the country needed to concentrate on increasing domestic production, which has dropped to less than a million barrels a

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