Oil News, Oil Pictures
Payday ahead of oil mess.
A lake of oil grows out of oil spill.
Oil pipeline dangers come back to life.
A new oil pipeline leak in Canada could give fuel to those opposed to the controversial Keystone XL pipeline.
Donald Trump, who is a surrogate for Mitt Romney’s campaign, appeared on CNBC with an oil industry conspiracy theory.
A new ad from the Priorities USA Super PAC connects rising gas prices to shadowy ads supporting Mitt Romney over President Obama.
Secretary of State Hillary Clinton has signed an oil exploration deal with Mexican Foreign Minister Patricia Espinosa.
(National Confidential) — When will it stop? ExxonMobil today admitted that it had leaked oil into the Yellowstone River in Montana. As much as 1,000 of damaging crude oil has been released via the EMPCo pipeline.
(National Confidential) — By 2025, all new US cars may be mandated to get an average of 56.2 miles per gallon. A Wall Street Journal report indicates that Obama administration officials have presented the proposal to Detroit automakers.
(National Confidential) — Some of America’s worst polluters are in the middle of a scheme to control your state and local government. The oil industry, currently enjoying fat profits a year after the Deepwater Horizon spill in the Gulf of Mexico, has put in place groups to push its agenda in states without the knowledge [...]
President Obama is authorizing the release of 30 million barrels of oil from the Strategic Petroleum Reserve, in coordination with the International Energy Agency (IAEA), who will release an additional 30 million barrels. The move is designed to stabilize the global energy market, which has experienced increased oil prices with the ongoing instability in the [...]
“Crude oil for May delivery rose 42 cents to $108.36 a barrel in early trading Monday. The contract traded as high as $108.78 before easing.” READ MORE
In a stock swap, Rosneft, which is owned by the Russian government, will take a 5% stake in BP. In exchange, the company behind the Gulf oil spill will take 9.5% of Rosneft.
A judge has ruled against the Obama administration’s ban on offshore drilling.
“U.S. District Judge Martin Feldman heard two hours of arguments Monday and said he will decide by Wednesday whether to overturn the ban imposed by President Barack Obama’s administration after the Deepwater Horizon rig explosion.” [Link]
“BP Plc CEO Tony Hayward watched a yacht race off the English coast on Saturday, sparking new controversy in the United States as his company struggles to plug its huge Gulf of Mexico oil leak. Sheila Williams, a spokeswoman for the British energy giant, said Hayward was spending time with his teenage son at the [...]
“BP Chairman Carl-Henric Svanberg’s apologized Wednesday for “clumsily” referring to people impacted by the Gulf oil spill as “the small people.” His statement followed a day of vitriolic reaction from folks in person along the Gulf and online who did not cut the Swedish-born executive any slack for trying to speak colloquially in a second [...]
“The 550-gallon (2,080-liter) tank that washed up on Panama City Beach on Saturday morning had markings suggesting it could have come from the rig that exploded and sank on April 20, killing 11 people and unleashing a catastrophic gush of oil into the Gulf of Mexico.” Link
“Energy giant BP announced this week it will donate its share of the proceeds generated by selling the oil captured from the well to fund efforts to protect and restore wildlife habitat along the Gulf Coast.” [Link]
“An oil sheen was confirmed about nine miles off the Florida coast, and officials are saying it could hit the white sands of Pensacola Beach as soon as Wednesday.” Link
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