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Shifting Into Under-Drive
Americans drive less, use less gas, buy fewer cars |
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14 Aug 2008 |
News |
| Posted at 10:56 AM on 14 Aug 2008 Americans are driving less, burning less gasoline, and buying fewer cars, and the feds have the stats to prove it. New numbers show that Americans drove 4.7 percent less in June 2008 than they did in June 2007, shaving off some 12.2 billion miles. For those keeping track at home, that makes a total 53.2 billion fewer miles driven between Nov. 2007 and June 2008 than in that eight-month ... |
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| Topics: business, cars, economy, energy, gas prices, news, oil, placemaking (all these topics) |
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Solid to Liquid Can Be a Gas
Crow Tribe strikes $7 billion deal for coal-to-liquids plant on reservation |
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08 Aug 2008 |
News |
| Posted at 8:41 AM on 08 Aug 2008 The Crow Tribe on Thursday agreed to host a massive new $7 billion coal-to-liquids plant on its reservation land in Montana. The plant would produce about 50,000 barrels a day of diesel fuel when it opens, and eventually up to 125,000 barrels a day. Coal for the plant would come from a yet-to-be-developed mine on nearby Crow land with an estimated 9 billion t ... |
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| Topics: business, coal, economy, energy, news, oil, politics (all these topics) |
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A profit without honor
ExxonMobil rakes in record cash, spends only 1 percent on alternative energy |
Kate Sheppard |
31 Jul 2008 |
Gristmill |
| ExxonMobil broke its own record for the highest quarterly earnings in U.S. history, reporting $11.7 billion in profits for the second quarter. And as ABC reports, the company spent only 1 percent of its profits last year on alternative energy sources. 'They're probably spending more on the advertising than they're actually spending on the actual [alternative-energy] research,' says Bernard Picchi, an economist with Wall Street Access. (h/t: Think Progres ... |
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| Topics: Big Oil, business, energy, Muckraker, news, oil, video (all these topics) |
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Shale We Dance?
Bush admin proposes low royalty rates in push for U.S. oil-shale development |
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23 Jul 2008 |
News |
| Posted at 7:43 AM on 23 Jul 2008 The Bush administration proposed rules [PDF] for U.S. oil shale development Tuesday that include charging lower royalty rates for oil-shale production on public lands than it does for other oil and gas drilling. The lower royalties are meant to encourage oil-shale production since, as it turns out, the energy- and pollution-intensive process of cooking rocks before pumpi ... |
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| Topics: business, energy, news, oil, public lands, United States (all these topics) |
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Good News for People Who Love Bad News
Reports bring various doomy and gloomy predictions |
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22 Oct 2007 |
News |
| Posted at 1:52 PM on 22 Oct 2007 Indeed, the depressing reports come fast and furious. German-based Energy Watch Group says the world has already reached peak oil, and predicts that production will now fall by 7 percent a year. The Worldwatch Institute suggests that 21 cities that will have populations of 8 million or more by 2015 are highly vulnerable to havoc wreaked by rising seas. The comprehensive &qu ... |
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| Topics: business, climate, climate change impacts, energy, news, oil, severe weather (all these topics) |
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Citgo Boom
Jury finds Citgo guilty of criminal Clean Air Act charges |
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29 Jun 2007 |
Daily Grist |
| Citgo Boom Jury finds Citgo guilty of criminal Clean Air Act charges In a legal first, oil refiner Citgo has been found guilty of criminal charges under the Clean Air Act. The case -- involving two open-air storage tanks in Corpus Christi, Texas, that released the carcinogen benzene into the air -- marks the first time criminal violations of the act have gone to trial; previous cases against ref ... |
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| Topics: business, energy, environmental justice, news, oil, Texas (all these topics) |
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Upward Mobility
ExxonMobil says it's taking climate change seriously -- seriously |
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29 Jan 2007 |
Daily Grist |
| Upward Mobility ExxonMobil says it's taking climate change seriously -- seriously Guess who said this about climate change: "We know enough now -- or, society knows enough now -- that the risk is serious and action should be taken." No, not some dirty hippie, but an executive from oil behemoth ExxonMobil. (Ow, our jaw!) Greenhouse-gas reduction has become a theme of Exxon's advertising, and the company is p ... |
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| Topics: business, climate, energy, news, oil (all these topics) |
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Millionaires Beg for Change
Business execs and military leaders smack down Bush energy policy |
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14 Dec 2006 |
Daily Grist |
| Millionaires Beg for Change Business execs and military leaders smack down Bush energy policy Prominent business execs and retired military officers are down on their knees begging Congress and the Bush administration to cut U.S. dependence on oil. "It's the height of folly for the U.S. to continue on this course, lest we have some major economic or national-security problem," says FedEx CEO Frederick ... |
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| Topics: business, energy, news, oil, United States (all these topics) |
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Friends in Flow Places
U.S. Interior lets oil-industry royalties slip away, investigation says |
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07 Dec 2006 |
Daily Grist |
| Friends in Flow Places U.S. Interior lets oil-industry royalties slip away, investigation says An eight-month investigation by the U.S. Interior Department's inspector general reveals that Big Oil may be skirting millions of dollars in annual gas and oil royalties while Interior officials grease the skids. Some of the juicier findings: officials said they'd reviewed 72 percent of revenues from leases, ... |
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| Topics: business, Department of Interior, energy, news, oil (all these topics) |
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The Visible Hand of the Market
BP under investigation for possible manipulation of oil and gasoline markets |
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30 Aug 2006 |
Daily Grist |
| The Visible Hand of the Market BP under investigation for possible manipulation of oil and gasoline markets Petro-behemoth BP is being investigated by two U.S. agencies for possible manipulation of crude-oil and unleaded-gasoline markets. (These are, of course, in addition to ongoing investigations of BP over a Texas refinery explosion, an Alaska pipeline spill, and alleged manipulation of th ... |
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| Topics: business, energy, environmental justice, news, oil, politics (all these topics) |
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Reality Bites
U.S. automakers acknowledging that gas prices are likely to stay high |
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30 Aug 2006 |
Daily Grist |
| Reality Bites U.S. automakers acknowledging that gas prices are likely to stay high Expect gasoline prices to stay between $3 and $4 a gallon for the rest of the decade, says ... no, not some fearmongering environmentalist or peak-oil nut, but Chrysler CEO Thomas LaSorda. In fact, all of Detroit's Big Three automakers have resigned themselves to current gas prices and are revamping their business models according ... |
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| Topics: business, energy, news, oil, placemaking (all these topics) |
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Bad Vibrations
Seismic movement could assist in oil production |
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29 Jun 2006 |
Daily Grist |
| Bad Vibrations Seismic movement could assist in oil production Like so much else in this crazy world, earthquakes are bad for you but potentially good for oil companies. Seismic shaking appears to increase permeability of underground rocks, leading to easier oil flow. "[T]his has practical implications for oil extraction," says University of California scientist Emily Brodsky, who with two other researchers published ... |
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| Topics: business, energy, news, oil (all these topics) |
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Royaling for a Fight
Oil and gas companies set to receive $7 billion taxpayer windfall |
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15 Feb 2006 |
Daily Grist |
| Royaling for a Fight Oil and gas companies set to receive $7 billion taxpayer windfall To supplement their already record-breaking profits, oil companies are set to receive around $7 billion in royalty relief over the next five years -- possibly up to $35 billion, depending on the outcome of an ongoing lawsuit -- and the feds claim they are basically powerless to stop it. At issue are royalties charged for oil and gas extracte ... |
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| Topics: business, energy, news, oil (all these topics) |
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The Royalty Wee
Taxpayers have been getting screwed on oil and gas royalties |
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24 Jan 2006 |
Daily Grist |
| The Royalty Wee Taxpayers have been getting screwed on oil and gas royalties A three-month New York Times investigation has uncovered a complex tale of oil and gas royalties, price discrepancies, accounting chicanery, and lax enforcement. But at its heart, it's the same old story: The Bush administration is essentially helping energy companies screw taxpayers. The American people own oil and gas reserves on public ... |
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| Topics: business, energy, news, oil, wilderness (all these topics) |
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Leave Us in Our Time of Greed
Oil execs defend profits, drink all the beer, leave the place trashed |
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10 Nov 2005 |
Daily Grist |
| Leave Us in Our Time of Greed Oil execs defend profits, drink all the beer, leave the place trashed The nation was treated to an exquisite piece of Kabuki theater yesterday, as Big Oil executives trudged to Congress to justify their record profits at a time when pricey gasoline and the looming threat of sky-high home-heating costs have Americans up in arms. The Republican leadership decided to give the ... |
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| Topics: business, energy, news, oil, politics, Ted Stevens (all these topics) |
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All's Well That Ends Wells
Investors bullish on clean energy technologies |
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14 Sep 2005 |
Daily Grist |
| All's Well That Ends Wells Investors bullish on clean energy technologies The clean-energy sector is experiencing a post-Katrina bounce. Petroleum stocks are looking less attractive after the storm damaged Gulf Coast oil rigs and refineries, and many investors seem to think pre-Katrina high fossil-fuel prices are here to stay, making renewable-energy investments more attrac ... |
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| Topics: business, energy, news, oil, renewable energy, solar voltaic power, wind power (all these topics) |
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The Axis of Oil
China gets pushy about finding oil and gas supplies outside Mideast |
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15 Jul 2005 |
Daily Grist |
| The Axis of Oil China gets pushy about finding oil and gas supplies outside Mideast Historians cataloguing the unintended consequences of the Iraq war can add another to their list. Until 2003, China had been wooing Saddam Hussein, hoping to lay claim to some of Iraq's undeveloped oil reserves. But the U.S.-led war, perceived by China's leaders as a bid to secure geopolitical hegemony in the Middle East, KO'd th ... |
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| Topics: business, China, energy, Iraq, news, oil (all these topics) |
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Exx Marks the Boycott
Activists kick off big boycott of ExxonMobil |
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13 Jul 2005 |
Daily Grist |
| Exx Marks the Boycott Activists kick off big boycott of ExxonMobil Spelling-impaired activists at Greenpeace, the Sierra Club, MoveOn.org, and nine other enviro and progressive groups have launched a nationwide "Exxpose Exxon" consumer boycott campaign. While the coalition doesn't expect to have a big impact on ExxonMobil's bottom line, it hopes to change the public's perception of the ... |
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| Topics: business, energy, news, non-government organizations, oil (all these topics) |
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CNOOC-ered
Bush security adviser helped firm land lobbying gig for Chinese oil co. |
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12 Jul 2005 |
Daily Grist |
| CNOOC-ered Bush security adviser helped firm land lobbying gig for Chinese oil co. The bid by state-owned China National Offshore Oil Corporation to purchase U.S. oil and gas producer Unocal has raised hackles among some national-security types. So it may seem odd that James C. Langdon Jr., the chair of President Bush's Foreign Intelligence Advisory Board -- a group with security clearance greater than even ... |
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| Topics: business, China, energy, news, oil, politics (all these topics) |
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A Shot Across the Mao
State-controlled Chinese oil company makes big bid for America's Unocal |
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24 Jun 2005 |
Daily Grist |
| A Shot Across the Mao State-controlled Chinese oil company makes big bid for America's Unocal China National Offshore Oil Corporation (CNOOC), a state-controlled Chinese oil company, is making an $18.5 billion bid to take over California-based oil and gas firm Unocal, which has extensive Asian operations. Rival bidder Chevron warns that China will have the power to raise energy prices for U.S. consumers if CNOOC prevai ... |
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| Topics: business, China, energy, news, oil (all these topics) |
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Put a Liar in Your Tank
White House official who edited climate reports moves to Exxon |
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15 Jun 2005 |
Daily Grist |
| Put a Liar in Your Tank White House official who edited climate reports moves to Exxon Philip Cooney, the White House official (and former oil-industry lobbyist) recently outed for watering down government climate-change reports, has left his position in the Bush administration to take a new job at ... wait for it ... ExxonMobil. Now, we know what you're thinking, but you've got it all wrong. His sudden de ... |
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| Topics: business, climate, energy, news, oil, politics (all these topics) |
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I Will Singh, Singh a New Song
To feed energy demand, India gets friendly with old adversaries |
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07 Jun 2005 |
Daily Grist |
| I Will Singh, Singh a New Song To feed energy demand, India gets friendly with old adversaries India's foreign policy, like that of most every major economic power, is increasingly driven by its need for oil. The globe's fifth-largest consumer economy, India already imports 70 percent of its oil, and energy demand is expected to nearly double from 2002 levels by 2030. So the country is pursuing arrangements once though ... |
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| Topics: business, energy, India, news, oil (all these topics) |
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Darth Subsidious
Exxon says it won't dabble in clean energy -- too many darn subsidies |
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31 May 2005 |
Daily Grist |
| Darth Subsidious Exxon says it won't dabble in clean energy -- too many darn subsidies With oil prices soaring, Exxon is perfectly happy pumping and refining the black stuff, thanks. Despite persistent pressure from shareholder groups and activists, the company says it has no plans to invest in clean energies like solar and wind. You see, solar and wind are still a small sliver of the energy pie and they -- gasp! -- rely on fe ... |
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| Topics: business, energy, news, oil (all these topics) |
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Friends With Benefits
Saudi-owned company set to profit from proposed MTBE liability shield |
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17 May 2005 |
Daily Grist |
| Friends With Benefits Saudi-owned company set to profit from proposed MTBE liability shield OK, kids, follow the bouncing red ball: The Republican energy bill, pending in the Senate, is advertised as a way to gain independence from Saudi Arabian oil (boing!). Part of the energy bill, included at the insistence of Texas Rep. Tom DeLay (R), is a provision shielding makers of groundwater-polluti ... |
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| Topics: business, energy, news, oil, politics, Saudi Arabia, toxics (all these topics) |
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Wait -- They Drilled for Gas With a Nuclear Bomb?!
Oil company hopes to drill near nuclear-blast cavity in Colorado |
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09 May 2005 |
Daily Grist |
| Wait -- They Drilled for Gas With a Nuclear Bomb?! Oil company hopes to drill near nuclear-blast cavity in Colorado Some 36 years ago, the Atomic Energy Commission and a Texas oil company put a nuclear bomb in an 8,000-foot shaft on Colorado's energy-rich Western Slope and detonated it, hoping to reach a reserve of natural gas lying beneath the subterranean rock. T ... |
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| Topics: business, Colorado, energy, mining and drilling, natural gas, news, nuclear power, oil (all these topics) |
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