Big oil News
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Toronto -
Activists staged a panel discussion in Toronto on Tuesday concerning the Tar Sands, ethical oil, and First Nations land rights
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Washington -
Shell Oil won a major consideration on Friday when the Obama administration approved the oil giant’s oil spill response plan for drilling in the waters of the Arctic’s Chukchi Sea, now opening up a drilling process set to begin as early as this summer
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With Big Oil raking $36 billion in profits, on March 1, 2011, Rep. William Keating (D-MA) offered a motion on the House floor, saying, “let’s stop sending taxpayer’s money to the most profitable companies in the world,”
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Washington -
Exxon Mobil CEO Rex Tillerson has labeled an attempt by US Senate Democrats to pass a bill that would repeal tax breaks for oil companies as counterproductive and has charged the undertaking as “misinformed and discriminatory.”
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Washington -
As gasoline prices continue surging almost on the same level as oil company CEO compensation packages, House Republicans late last week passed a bill that would force the White House to allow more offshore drilling.
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Fossil fuels and fossilized economics have been such fun in recent decades. The global economy, glued to a vanishing resource, has been in denial, but the last word has come from the International Energy Agency. Oil prices are going nowhere but up.
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On Tuesday, June 10, a bill by Senate Democrats which would let them tax Big Oil ended up getting blocked by Senate Republicans. In short, the bill failed to get the necessary 60 votes.
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When the major media outlets run stories decrying “record profits” earned by the evil oil companies, they are not telling you the real story. Profit dollars are not indicative of the profit MARGIN, which is the really important figure.
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Prices of crude oil drop below $50 a barrel.
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Big oil Headlines
Many women are dropping their jobs for big money working on oil rigs.
Major oil companies mark big discoveries in oil and gas fields off the coasts of Tanzania, Mozambique and their neighbours.
Financial regulator says big banks gambling on oil are to blame.
 Calgary's oil and gas companies are digging deeper to attract skilled workers. There's a wage war going on, with big bonuses being offered to new recruits just to sign up with a company.
 An oil and gas industry group is scaling back its drilling activity forecast for 2012, in part because there aren't enough workers who have the know-how necessary to drill big,
complicated wells.
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Top News
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Activists staged a panel discussion in Toronto concerning the Tar Sands, ethical oil, and First Nations land rights
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Big oil Blogs
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