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 […]
Masdar’s Amorphous Silicon Division in Trouble Masdar, Abu Dhabi owned Green Company plans to build a Solar Thermal plant called “Shams 1″ near Abu Dhabi. Masdar PV has been in the news recently with the Dismissal of its top executives as its German Thin Film plant is facing trouble.Masdar PV sourced technology and equipment from […]
The Indian Government failed to pass a law reforming the structure of state subsidies to the Oil sector .The Meeting between a empowered committee of Indian ministers was expected to loosen the control over prices of petrol,diesel and cooking gas.However the Government failed to make any headway citing high inflation as a reason to delay […]
The Gulf Oil Rig explosion has led to a virtual implosion of British Petroleum with the costs and damages mounting at an unprecedented pace for this company. British Petroleum the $200 Billion Oil Colossus has seen its market cap being shaved off by a massive $60 billion after the explosion.The Oil Spill which has been […]