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Posted by on in Fossil Fuels
With crude oil prices plunging government revenues have collapsed, and budget surpluses quickly turned into deficits. What's worse, investors are now starting to worry about their ability to pay back their debts. As a result, five oil producing countries were hit with downgrades from Standard and Po...
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Posted by on in Oil Spill
MANILA – Fishermen and others who suffered economic losses due to the oil spill in Manila Bay are entitled to compensation from those responsible for it, House Deputy Minority Leader Arnel Ty said Sunday. Those who are responsible for the oil spill also need the cost of the cleanup. “We have a...
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Posted by on in Fossil Fuels
keyston CALGARY, Alberta (Reuters) - TransCanada Corp, Canada's No. 2 pipeline company, said on Friday its long wait for U.S. government approval of its controversial Keystone XL project will further delay completion of the pipeline and push its cost above the company's $5.3 billion estimate.TransC...
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Posted by on in Oil Spill
Shell’s most recent ‘mishap’ a few days ago was not the first setback the oil giant has suffered in its plans to drill for oil in the Arctic. In fact, it’s the eighth in a growing list of reasons why Shell should not be trusted in the Arctic. 1. Shell has no idea how much an oil spill cle...
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Posted by on in Earth Violators
  The “curse” of oil wealth is a well-known phenomenon in Third World petro-states where millions of lives are wasted in poverty and the environment is ravaged, while tiny elites rake in the energy dollars and corruption rules the land.  Recently, North America has been repeatedly ...
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