Malthusian Ideology, Phony Scarcity

ExxonMobil admits $1bn lost from anti-Russia sanctions

RT | February 27, 2015 The contracts with Russia’s biggest oil company Rosneft damaged by the West’s anti-Russian sanctions have cost ExxonMobil $1 billion, the company said in its annual report. “In 2014, the European Union and United States imposed sanctions relating to the Russian energy sector. In compliance with the sanctions and all general […]

UN, banks and oil palm giants feast on the stolen land of Uganda’s dispossessed

By Anne van Schaik & Oliver Tickell | Ecologist  | February 19, 2015 A small community in Uganda is challenging a UN-backed international oil palm venture that has expropriated small farmers and obliterated an entire forest on a Lake Victoria island to establish a vast plantation. Three years after the grab, Friends of the Earth groups […]

Uruguay Discovers ‘Extremely Encouraging’ Oil Deposits

teleSUR | January 14, 2015 Australian company Petrel Energy has announced that it has found and certified the existence of 20 potential oil deposits in the north of Uruguay, the only country in the region that imports all the hydrocarbons that it consumes. Uruguayan state petrol enterprise ANCAP said that the certification includes “20 conventional […]

Oil Fields Are Refilling… Naturally – Sometimes Rapidly

There Are More Oil Seeps Than All The Tankers On Earth By Robert Cooke – Newsday – April 10, 2005 Deep underwater, and deeper underground, scientists see surprising hints that gas and oil deposits can be replenished, filling up again, sometimes rapidly. Although it sounds too good to be true, increasing evidence from the Gulf […]

Climate Policy Risk: Who’s In Denial?

By Marlo Lewis | Cooler Heads | December 19, 2014 Earlier this week, economist Roger Bezdek gave a presentation at the Ronald Reagan Building titled “Carbon Dioxide: Social Cost or Social Benefit?” Washington Post columnist Dana Milbank covered the event and published a short review titled “The new climate denialism: More carbon dioxide is a good thing.” […]

Natural Gas and Oil

Thomas Gold | January 1997 Natural gas and oil are widely considered to originate on Earth from the chemical evolution of biological debris. A view, widespread in earlier times and entertained by Mendeleev among others, was instead that these substances originated in materials laid down in the formation process of the Earth, and later percolated […]