Big Oil Overseers Snorting Cocaine & Having Sexual Affairs At Big Oil Parties!

Rep Earl Blumerauer (D) Oregon says Gov’t Regulators are snorting cocaine & having sexual affairs with oil companies! May 14, 2010 MSNBC Keith Olbermann

As US oil spill grows, so does anger and desperation

US President Barack Obama lashed oil companies Friday for trying to divert blame for the Gulf of Mexico slick and vowed to sever the “cozy” ties between the industry and government regulators. Meanwhile, ecologists and fisherman can do little else but wait and watch.

Gulf Oil Leaks Could Gush for Years

Yesterday a smaller dome was laid on the seafloor near the faulty well, and officials will attempt to install the structure later this week. But such recovery operations have never been done before in the extreme deep-sea environment around the wellhead, noted Matthew Simmons, retired chair of the energy-industry investment banking firm Simmons & Company […]

BP confident latest try to capture oil will still work

BP was confident Saturday its latest attempt to capture much of the oil flowing into the Gulf of Mexico will succeed even as the company disclosed yet another setback in their experiments to curb one of the nation’s worst environmental disasters. BP believes it can hook up its mile-long tube to suck oil from a […]

Latest Effort to Stop Gulf Oil Leak Hits a Snag

At first, BP tried to stop the oil rushing into the Gulf of Mexico by flipping a blowout preventer switch. A week ago, they attempted to capture the leak with a 100-ton box. Now they’ve hit a snag as they try to guide a mile-long tube into the gusher to siphon the oil. Interior Secretary […]

Latest Effort to Contain Gulf Oil Spill Under Way

Engineers from oil giant BP are making their latest effort to contain the massive oil spill in the Gulf of Mexico. Workers were trying Saturday to plug a leaking underwater pipe with a tube that could pump oil to a ship above. BP has failed at previous efforts to contain the well gushing hundreds of […]

How Much Oil Is Really Spilling Out?

Some experts disagree with NOAA’s estimate that only 210,000 gallons of oil are spilling out in the gulf of Mexico. They say much more is gushing out and argue it wouldn’t take much to determine the actual figure. (May 14)

Are You Buying the Wrong Gold?

With all eyes on gold, it’s time to buy OIL The freakish dip in oil prices we’re seeing right now may be one of your last opportunities to buy into all manner of oil-based investments at bargain prices. As I’m sure you already know, this dip is not being caused by any increase in crude […]

UN climate panel chief defends research body

The head of the United Nations’ climate change panel defended the body Friday before an academic council charged with reviewing its research methods after a string of challenges to its findings. Rajendra Pachauri, chairman of the Intergovernmental Panel on Climate Change (IPCC), admitted an error was made in warning that Himalayan glaciers could melt by […]

Will Nothing Get Us Off Oil?

The US represents barely 5% of the world’s population yet we consume 25% of the world’s energy. Contained within our boarders is about 2% of the world’s known oil reserves. The math simply isn’t sustainable. We are getting our addiction fed from wherever we can get the oil. Much of the Amazon Basin, the lungs […]

Sarah Palin: ‘We Need to Keep Drilling’

“We need to keep drilling because if we don’t drill for a year, we’re going to be more and more reliant on foreign countries that have even less stringent environmental standards,” Palin told ABC News. Millions of gallons of oil continue to spew into the Gulf from the rig, which exploded on April 20 and […]

Two big oil finds in a row for Brazil

Brazil drew oil markets’ attention again on Friday when it announced its second major oil find in a week, a field that may be bigger than a 4.5-billion-barrel find announced earlier this week. The two new finds announced by Brazil’s national oil regulator, the ANP, will provide the government with the needed collateral to inject […]

Gulf oil spill Developments

Here are the key developments Thursday in the Gulf of Mexico oil spill: Liability: Transocean Ltd., the offshore contractor based in Switzerland that owned the Deepwater Horizon rig, filed a petition in a federal court in Houston, seeking to limit the company’s liability from the oil spill to less than $27 million. The move will […]

Peak soil: like peak oil, only worse

Once again, Hubbert’s model can be applied to any finite resource we extract from the Earth. If it’s tragic that we are burning through all available resources with no thought for future consequences, it’s worse still to think that the payback will likely happen all together. We will probably find ourselves dealing with a widespread […]

Maurice Strong Interview (BBC, 1972)

Today, Maurice Strong sits atop the global environmental movement headed by the United Nations and its interlocking NGO’s and tax-exempt foundations. Strong is considered to be the person behind the globalization of the environmental movement, and was the Secretary-General of the United Nations Conference on the Human Environment held in 1972, in Stockholm, Sweden. In […]

Matthew Simmons Interview: Peak Oil: The End

Jay: So what about the oil sands? Was Senator Orrin Hatch wrong about that or non-evolving technology that might reduce the cost of oil? Matt: We know how to do it, but it’s extremely extensive and basically it takes a prolific amount of water and natural gas to flush the oil out of the sands […]

Oil Drilling without Permits

The federal Minerals Management Service gave permission to BP and dozens of other oil companies to drill in the Gulf of Mexico without first getting required permits from another agency that assesses threats to endangered species — and despite strong warnings from that agency about the impact the drilling was likely to have on the […]

Kerry, Lieberman Promote Offshore Oil, Coal, Nukes, Offsets in New “Climate” Bill

In introducing the “American Power Act” on May 12, 2010, Senators John Kerry (D-MA) and Joseph Lieberman (I-CT) seemed oblivious to the various public relations disasters the industries favored in their bill had suffered in recent weeks. In short order, we have witnessed: an explosion at a Massey coal mine in West Virginia, in which […]

China invests in Canadian oil sands firm

China Investment Corporation has agreed to invest C$1.25 billion (S$1.7 billion) oil sands giant Penn West. A wholly-owned China Investment Corporation (CIC) subsidiary will ‘develop Penn West’s bitumen assets located in the Peace River area of northern Alberta’, Penn West said in a statement. ‘CIC has also agreed to purchase trust units of Penn West […]

Oil executives grilled over US spill

BP and other companies grilled by the US Senate over the massive oil spill in the Gulf of Mexico. ITNNews

Updating the Oil “Head-Fake” Scenario

This cycle of spending the fruits of current production while starving investment for the future is part of what is known as the “resource curse:” nations with an abundance of resources rely on the income generated by the sale of their resources which effectively stunts the development of a diverse economy and the institutions which […]

Mike Ruppert: 05/10/10 (ustream video)

USTREAM Video MCR & Kunstler seem to agree on weak fedgov, localization, secession, worry more about gangs & riots than martial law Celente & AJones seem to lean more towards strong “big brother” fedgov, worry about NWO and/or world war. Perhaps one of the most interesting points was the strong vs. weak federal government debate, […]

IEA: Solar power could produce 25% of global electricity by 2050

The technology is currently responsible for just 0.1% of electricity generation around the world. The study, which was requested by the G8 member nations in a 2008 meeting as part of a series of 19 energy technologies, covers the science, financing and policy necessary to make photovoltaics an integral part of the global power infrastructure. […]

Video of massive oil leak in Gulf

Finally got our hands on the shocking first photo and video showing the main source of the massive leak that is causing the ongoing oil spill in the Gulf of Mexico. Under pressure from government officials, BP released this single photo and then video showing the leak from the Deepwater Horizon disaster. The leak spewed […]

Iran May Be Storing 38 Million Barrels of Oil at Sea

Between 30 and 38 million barrels of Iranian crude may be in floating storage, a reference to oil kept in tankers and not sold, by early May, the International Energy Agency said. Cuts in orders from refiners in India, China, Japan and South Korea and maintenance at some facilities have hurt Iran’s sales. “Weaker demand […]

A Bad Bet on Carbon

Let’s take the first problem. Capturing carbon dioxide from the flue gas of a coal-fired electric generation plant is an energy-intensive process. Analysts estimate that capturing the carbon dioxide cuts the output of a typical plant by as much as 28 percent. Given that the global energy sector is already straining to meet booming demand […]

US Senate Gets Climate and Energy Bill

The long delayed and much amended Senate plan to deal with global warming and energy was unveiled on Wednesday to considerable fanfare but highly uncertain prospects. After nearly eight months of negotiations with lawmakers and interest groups, Senators John F. Kerry, Democrat of Massachusetts, and Joseph I. Lieberman, independent of Connecticut, produced a 987-page bill […]

4 problems with oil shutoff device

Bad wiring and a leak in what’s supposed to be a “blowout preventer.” Sealing problems that may have allowed a methane eruption. Even a dead battery, of all things. New disclosures Wednesday at a House hearing revealed a complicated cascade of deepsea equipment failures and procedural problems in the oil rig explosion and massive spill […]

Random Notes of Algal Fuels

The very high algal oil yields that you see some proponents suggest are all fictional. Nobody, anywhere, is making thousands of gallons of algal oil per acre. What people do is extrapolate best case lab results to thousands of acres, and then report those numbers – often as if they are actually achieving them. Or, […]

IEA trims 2010 oil demand growth forecast

Global oil demand growth in 2010 will be slightly slower than previously expected, the International Energy Agency (IEA) said on Wednesday, lowering its forecast, in contrast to two other key forecasters. The agency revised its global oil demand growth forecast by 50,000 barrels per day to 1.62 million bpd from its estimate last month. David […]

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