Tag Archives | Petroleum

From North America to Europe, the ‘National Security’ Apparatus Is Being Bought off by Big Oil t

Pic: Quevaal (CC)

Pic: Quevaal (CC)

And here I thought I was a centrist.  Nafeez Ahmed writes at the Guardian:

Over the last year, a mass of shocking evidence has emerged on the close ties between Western government spy agencies and giant energy companies, and their mutual interests in criminalising anti-fracking activists.

Activists tarred with the same brush

In late 2013, official documents obtained under freedom of information showed that Canada’s domestic spy agency, the Canadian Security Intelligence Service (CSIS), had ramped up its surveillance of activists opposed to the Northern Gateway pipeline project on ‘national security’ grounds. The CSIS also routinely passed information about such groups to the project’s corporate architect, Calgary-based energy company, Enbridge.

The Northern Gateway is an $8 billion project to transport oil from the Alberta tar sands to the British Columbia coast, where it can be shipped to global markets. According to the documents a Canadian federal agency, the National Energy Board, worked with CSIS and the Royal Canadian Mounted Police to coordinate with Enbridge, TransCanada, and other energy corporations in gathering intelligence on anti-fracking activists – despite senior police privately admitting they “could not detect a direct or specific criminal threat.”

Now it has emerged that former cabinet minister Chuck Strahl – the man appointed by Canadian prime minister Stephen Harper to head up the CSIS’ civilian oversight panel, the Security Intelligence Review Committee (SIRC) – has been lobbying for Enbridge since 2011.

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Retired BP Geologist: Peak Oil Is Already Here

Screen Shot 2013-12-23 at 11.36.06 AMDr. Richard Miller, a geologist employed by BP for over twenty years, says that peak oil is here. The good news? If you’re reading this then you’ll probably be dead by the time the very last Super Maximus Mom Tank SUV guzzles the last drop of dinosaur wine. Your children and grandchildren, however, may be in a heap of trouble unless we change our ways.

Via Raw Story:

A former British Petroleum (BP) geologist has warned that the age of cheap oil is long gone, bringing with it the danger of “continuous recession” and increased risk of conflict and hunger.

At a lecture on ‘Geohazards’ earlier this month as part of the postgraduate Natural Hazards for Insurers course at University College London (UCL), Dr. Richard G. Miller, who worked for BP from 1985 before retiring in 2008, said that official data from the International Energy Agency (IEA), US Energy Information Administration (EIA), International Monetary Fund (IMF), among other sources, showed that conventional oil had most likely peaked around 2008.

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ExxonMobil Makes $11B Quarterly Profit

Exxon apologizes for sticking it to us at the gas pumps last quarter.  The disgusting part?  Exxon feels that their company “doesn’t even make that much money selling gasoline.”  AP reports:
ExxonMobil

Exxon made almost $11 billion and practically apologized for it.Sensing public outrage over gasoline prices that have topped $4 in some states, the company struck a defensive posture Thursday after posting some of its best quarterly financial results ever.

Exxon said it had no control over high oil prices. It said it’s one of the biggest taxpayers in the United States. It cast federal subsidies as “legitimate tax provisions” that keep jobs at home, and cast itself as a victim of Washington scapegoating.

“They feel they have to demonize our industry,” said Ken Cohen, Exxon’s vice president for public affairs.

What’s more, the company argued, it doesn’t even make that much money selling gasoline.

Exxon’s profit of $10.65 billion for the first quarter was its highest since it made $14.83 billion in the third quarter of 2008, a record for a publicly traded company.

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Is There A Scam Behind The Rise In Oil And Food Prices?

gas pumpThe global economy and its recovery, and the living standards of millions of plain folks, are now at risk from the sudden rise in oil and commodity prices.

Gas at the pump is up, and going higher. Food prices are following.

The consequences are catastrophic for the global poor as their costs go up while their income doesn’t. It’s menacing American workers too, who in large part have not seen a meaningful raise since the days of Reagan (keeping it this way is clearly behind the current flurry of attacks on unions).

Already, unrest in the Middle East and many African countries is being blamed for these dramatic increases. It seems as if this threat to global stability is being largely ignored in our media, one that treats the oil business as just another mystical world of free market trading.

Why is it happening? Why all the volatility? Is oil getting scarcer, leading to price increases?… Read the rest

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The Relationship Between Oil, Earth and Humanity

LittleEarthOil has been the topic of discussion in American news since the 1920s, but have circumstances really changed? With the Deep Horizon spill in 2010 causing unprecedented pollution, the leak in the Alaskan pipeline and the new energy deal between China and Scotland, we are witnessing an increasing struggle for fossil fuel resources and a constant search for new energy sources. An excerpt from disinformation‘s The Little Earth Book by James Bruges gives us a retrospective look of how the oil situation of today was seen 6 years ago.

The Future of Oil: Who’s Fooling Whom? – and Why?

Draw a line five miles long to represent the millions of years during which solar energy has been captured and laid down in the earth’s crust in the form of coal, gas and oil. Then put a blip in it. That blip represents the time we have taken to extract and use this embodied energy.Read the rest

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