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Once again, the money and power yielded by Big Oil has trumped any concern for the environment, our nation’s natural resources and precious eco systems, countless numbers of plants and animals, as well as the safety and even lives of our fellow human beings. For just last night, the 5th District Court of Appeals has terminated any hope of the Obama administration’s 6-month moratorium of new permits and the exploratory drilling of 33 deepwater wells to allow for time to review safety protocols, discover why the Deepwater Horizon blowout happened and to develop measures to ensure this never ever happens again.
Continue Reading Playing it “Safe” With Big Oil: Deepwater Offshore Drilling Moratorium Upheld
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The recent decision by the Bush administration to steer clear of making even a start with regulating greenhouse gas emissions in times of sky high oil prices is going to lead to massive problems for the next US government.Continue Reading Report: Americans Miscalculate Their Natural Gas Needs For The Next Decade
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In a morning statement given from the Rose Garden, the White House indicated it plans on lifting the executive ban on offshore oil drilling in the Outer Continental Shelf.
The move by itself does not clear the way to drilling, but steps up pressure on Congress to lift its legislative ban on offshore drilling in place since the 1980’s.
Continue Reading Breaking News: Bush Lifts Executive Ban on Offshore Oil Drilling
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Nothing brings out a religious fervor in America than rising gas prices.
It seems the sudden surge in the cost of a barrel of oil and the attendant rise in gas prices has Americans, as blogger Charlotte Weybright says, squealing like “stuck pigs”.
Continue Reading Where Would Jesus Drill? (Not in ANWR)
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Construction of the $2 billion 120 megawatt Longleaf power plant was blocked yesterday by Fulton County Judge Thelma Wyatt Cummings Moore, overturning a ruling that would have allowed the first coal plant to be built in Georgia in 20 years.
Continue Reading Georgia Judge Blocks New Coal-Fired Power Plant
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Some 230 gigatons of carbon dioxide emissions can be avoided between now and 2050 – bringing atmospheric CO2 concentrations down 20 parts per million – if carbon capture and storage (CCS) development is pursued aggressively and put into use, according to Shell International’s Unconventional and Enhanced Oil Recovery team.
Continue Reading Avoiding 230 Gigatons of CO2 Emissions – Shell Dialogues 2
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Strong language perhaps, but this is no time to mince words.
When Dick Cheney claims that the only impediment to increased domestic oil and natural gas production is the refusal of Congress to allow drilling in the Arctic National Wildlife Refuge, he isn’t telling you the truth.
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In a rare showing of bipartisan support, The Renewable Energy and Job Creation Act of 2008 (H.R. 6049) overwhelmingly passed the House on May 21st with a vote of 263–160.
As we reported on May 19th, the bill would have extended tax credits for wind, solar, and other renewable and alternative energy development projects.
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The price of oil shot up nearly $11 to close at $138.54 a barrel on Friday.
The sharp increase came as U.S. stocks plunged on news of a four-year high in unemployment. The Dow Jones Index fell 394 points.
Continue Reading Breaking News: Oil Makes Record Single Day Jump in Price
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U.S. light crude for July delivery closed on Wednesday at $133.17 a barrel, up $4.19.
The large spike is due in part to a government report indicating stockpiles had decreased last week, instead of the increase analysts expected.
Continue Reading News Break: Oil Closes Past $133 a Barrel
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