The Oil Industry which had gone on the defensive with questions being raised about their commitment towards environment and society has learned nothing from the BP Oil Spill.This disaster had brought the lies,deception and corruption of Oil Giant BP in plain sight of everyone.However the strong civil society backlash has failed to reform the Oil […]
Fossil Fuels form the main Energy source for humanity due to their abundance,general ease of extraction and high energy density.However the Environmental costs and the Loss of Lives behind their production is generally hidden from the public.The external costs of fossil fuels like Oil and Coal are very high and not explicitly paid by customers […]
Valero Energy which is the US’s largest oil refiner has positioned itself strongly to take advantage of future shift in the fuel industry.The massive drop in Oil Price and the Global Financial Crisis had virtually destroyed the US ethanol industry in 2008.Valero Energy had used the depressed prices of the ethanol companies to its advantage,buying […]
Andarko Petroleum is a 25% owner of the the Deephorizon Oil Rig which exploded recently leading to a huge ecological and economic disaster in the US Gulf region.British Petroleum(BP) the primary owner of the Oil Rig is facing a life and death situation as it has already agreed to provide $20 billion in damages.BP’s reputation […]
Oil Companies are coming under increasing fire in the aftermath of the BP Oil Spill which has exposed a lot of skeletons in the Fossil Fuel Closet.British Petroleum has already been exposed for the lies and deception with even the US regulators coming under criticism for lax regulation.The Oil Industry instead of owning responsibility has […]
Huge Chavez,the Socialist President of Venezuela who had tried to build an alliance against the USA with some success finds himself in a tight corner .His socialist policies which consists of declaring war on the bourgeoise classes has made economy into a complete basket case.Price controls,exchange controls,expropriating private property and arresting “capitalist enemies” of the […]