Iraqis face the dire prospect of losing up to $200bn (£116bn) of the wealth of their country if an American-inspired plan to hand over development of its oil reserves to US and British multinationals comes into force next year. A report produced by American and British pressure groups warns Iraq will be caught in an […]
In some good news, well at least for the time being, the House has done away with the ANWR drilling tonight. WASHINGTON (Reuters) – Republican leaders in the U.S. House of Representatives abandoned, at least temporarily, a drive to open Alaska’s National Wildlife Refuge to oil drilling after concluding on Wednesday the initiative was threatening […]
Your town is running an election for Mayor. The incumbent Mayor is loosing by very few votes, so what does he do? He decides to force the polls to stay open longer so he can go out and muster up more votes to push him over the top. This would send outrage to any citizen […]
While Bush strummed people drowned. While Bush ate cake people had fearful waits on their roofs while as the flood waters rose. Bush’s inactions in the wake of Katrina’s devastating landfall will be remembered for a life time. His other inactions and the inactions of the Republican run Congress will be felt for a life […]
The Boston Herald reports today that Exxon is expected to make more than $10 billion in profits for this quarter. Kind of nice for a company that has not felt the crunch of Hurricane Katrina like all other Americans are. Oil companies came under new fire yesterday when it emerged that ExxonMobil’s profits are likely […]
We feel the pinch every time we have to fuel up. Gas prices continue to climb closer to the $3.00 a gallon mark. Yesterday, oil prices alone hit an all time high of $66.00 a barrel, and expected to hit $70.00 a barrel within a week. So what lies in the future of our economy? […]