Corrupting Influence Of Oil Money - Political Opinion
July 31, 2008
The world has never looked better for the Big Five oil companies. This morning, Exxon Mobil, the world’s largest oil company, announced its “second-quarter profit rose 14 percent, to $11.68 billion, the highest-ever profit by an American company. Exxon broke its own record.” Read more
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ExxonMobil Has Announced $1.1 Billion Turrum Field Development
July 28, 2008
Exxon Mobil Corporation has announced that the Gippsland Basin Joint Venture, which includes its subsidiary, Esso Australia, will invest $1.1 billion to develop more than 270 million oil-equivalent barrels from the Turrum field in the Bass Strait, offshore southeast Australia. Read more
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10 Reasons Not to Invest in Nuclear Energy - Political Opinion
July 9, 2008
Nuclear power generates approximately 20 percent of all U.S. electricity. And because it is a low-carbon source of around-the-clock power, it has received renewed interest as concern grows over the effect of greenhouse gas emissions on our climate. Yet nuclear power’s own myriad limitations will constrain its growth and make it an infeasible solution for making energy more affordable as well as more sustainable. Read more
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End to Rising Oil Prices Not in Sight
July 4, 2008
The prices of crude have reached record levels, but the bad news, analysts say, is they have not peaked yet. John Mitchell, an energy analyst at the London research center Chatham House, tells VOA prices will keep rising unless there is a sharp drop in demand. Read more
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Africa Needs $24 Billion Yearly for Energy, Says UN Advisor
July 1, 2008
Africa needs $24 billion annually to tackle its energy problem, United Nations special advisor to the UN secretary general on the millennium development goals (MDGs) said on Monday. Read more
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Oil Prices Hit Another Record High Above $142
June 28, 2008
World oil prices surged to fresh record highs above $142 a barrel Friday as Asian share prices plunged. A sell-off in Asia followed Thursday’s steep three-percent decline in U.S. stocks. U.S. shares posted mixed results in Friday’s afternoon trading. Read more
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