oil industry
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Drilling down on oil
It may be true, but domestic oil drilling won’t help.This post originally appeared on the Great Energy Challenge blog, in partnership with National Geographic and Planet Forward. It’s an unfortunate fact that stress has a way of making people crazy. At the moment, rising oil prices are creating a lot of stress. One of the […]
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Fred Upton’s EPA-blocking bill will put more of your money in oil industry pockets
Rep. Upton wants to raise your gas bill.Photo: Mike SchmidCross-posted from the Natural Resources Defense Council. Some politicians will say anything to gain from the pain Americans are feeling at the pump. Anyone watching the news knows that pump prices are rising because world-wide demand is recovering after the recession, oil traders are speculating over […]
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Oil prices soar in spite of sharp increase in U.S. production under Obama
U.S. oil production last year rose to its highest level in almost a decade … As a result, analysts believe the U.S. was the largest contributor to the increase in global oil supplies last year over 2009, and is on track to increase domestic production by 25 percent by the second half of the decade. […]
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More drilling won’t help
We have a problem we can’t drill our way out of.Photo: arbyreedCross-posted from the Center for American Progress. Unrest in Libya and Egypt is driving up oil prices, stirring concerns that gasoline could hit $5 a gallon by summer. Like a smoker’s persistent cough, it’s another warning to change our ways. America sends nearly $1 billion […]
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Big Oil gains from higher prices while families pay the price
Cross-posted from the Center for American Progress. This post was coauthored by Valeri Vasquez, special assistant for energy policy at the Center for American Progress. Political instability in the Middle East over the past month has driven parallel unrest in world oil prices. The drive for political freedom in the Middle East has rightfully captured […]
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Chevron to Ecuador: What’s ‘apologize’?
A judge in Ecuador has delivered the world’s biggest environmental spanking to pollution giant Chevron, as a judgment for faulty drilling gunking up the country’s rain forests: An Ecuadorian judge on Monday ordered Chevron Corp. to pay $8.6 billion to clean up oil pollution in the country’s rain forest in what is believed to be […]
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Saudi Arabian reserves overstated by 40 percent, global production plateau imminent
That we are close to a peak in global oil production should not be a surprise to anyone, but some leaked documents have made the situation even clearer, as the Guardian reports: The U.S. fears that Saudi Arabia, the world’s largest crude oil exporter, may not have enough reserves to prevent oil prices escalating, confidential […]
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The Climate Post: So really, how will we get to a post-carbon future?
Is the United States going about its energy policy "planlessly"? Did Obama's State of the Union address teach us anything new about his plans?
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What oil subsidies is Obama targeting?
The president has proposed eliminating subsidies to the oil industry. Here are some that he should focus on bringing to an end: