NewsTrust - Oil and Gas - Most Recent Stories: News (Independent)

Who to blame for the price at the pump? Tough to say

Sun, 29 Apr 2012 00:00:00 -0700

PolitiFact - By Molly Moorhead - Apr. 29 (Fact Check) - The price of gas is determined by a litany of complex and shifting factors (Brent derivatives, anyone?), few of which you’ll hear mentioned in :30-second political ads. But politicians are interested less in cause, more in effect. The effect in this case: your anger.

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Gulf Oil Spill: BP Execs Escape Punishment as Fallout From Disaster Continues To Impact Sea life

Mon, 23 Apr 2012 00:00:00 -0700

Democracy Now - By Amy Goodman - Apr. 23 (Special Report) - Two years since the worst offshore oil spill in U.S. history, we look at its impact on the Gulf of Mexico's residents and wildlife even as no BP officials have faced criminal prosecution for the disaster. Eleven workers died when the Deepwater Horizon well exploded and almost five million barrels of crude oil leaked into the ocean before the well was plugged after 51 days. BP maintains the Gulf is rapidly recovering thanks to the company's efforts, but Al Jazeera reporter Dahr Jamail describes how scientists say shrimp, fish and crabs in the Gulf of Mexico have been deformed by oil and chemicals released during the spill clean-up effort. Meanwhile, ProPublica’s environmental reporter Abrahm Lustgarten says the company failed to learn from past mistakes that could have helped avoid the explosion. He is the author of the new book, “Run to Failure: BP and the Making of the Deepwater Horizon Disaster.” [Transcript to come. Check back soon.]

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Eyeless Shrimp and Fish With Tumors: The Horrific Consequences of BP's Spill

Thu, 19 Apr 2012 00:00:00 -0700

AlterNet - By Lisa Kaas Boyle - Apr. 19 (Special Report) - Disturbingly, the allowable levels set by the government for the toxins in our seafood are based on health impacts for a 176 pound adult eating less than 2 medium shrimp a day. The testing is for 1 chemical out of a crude oil mixture containing thousands of chemicals. No synergistic effects are considered. This in no way protects children, fetuses, people who weigh less than 176 pounds or anyone who eats seafood on a daily basis like the folks here on the Gulf Coast.

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Gulf of Mexico Dolphins Sick, Dying After BP Oil Spill

Tue, 03 Apr 2012 00:00:00 -0700

AlterNet - Apr. 03 (News Report) - Bottlenose dolphins in Barataria Bay, Louisiana now are showing signs of severe ill health after coming in contact with oily waters from the BP oil spill nearly two years ago, warn NOAA marine mammal biologists and their local, state and federal research partners in a study released this week.

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How the Big Energy Companies Plan to Turn the United States into a Third-World Petro-State

Tue, 03 Apr 2012 00:00:00 -0700

AlterNet - By Michael T. Klare - Apr. 03 (News Analysis) - The “curse” of oil wealth is a well-known phenomenon in Third World petro-states where millions of lives are wasted in poverty and the environment is ravaged, while tiny elites rake in the energy dollars and corruption rules the land.

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The spark that ignited a fire

Sun, 01 Apr 2012 00:00:00 -0700

durangoherald.com - By Heather Scofield - Apr. 01 (News) - The Southern Ute Indian Tribe is credited with leading the way for Native American tribes around the nation to develop and manage potential energy resources.

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More Pipeline Piffle (And An Alaskan Absurdity)

Sat, 31 Mar 2012 00:00:00 -0700

FactCheck - By Brooks Jackson - Mar. 31 (News) - The misleading assault on the president’s energy policies continues. A conservative group’s TV ad claims “we will all pay more at the pump” because the administration “blocked” the Keystone XL pipeline. Senate Republican Leader Mitch McConnell claims that the pipeline “could have brought 700,000 barrels of oil to the market

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Santorum-boosting PAC Slams Romney, Obama

Sat, 17 Mar 2012 00:00:00 -0700

FactCheck - By Robert Farley - Mar. 17 (Fact Check) - Two new TV ads from a pro-Rick Santorum super PAC attack Mitt Romney and President Obama on Republican hot button issues: debt, taxes and oil. But the ads mislead on several fronts.

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5 Things Corporations Are Trying to Hide From You

Thu, 15 Mar 2012 00:00:00 -0700

AlterNet - By David Sirota - Mar. 15 (Special Report) - as Businessweek recently noted, regulations are hardly job killers. Instead, the magazine points out, they typically “wind up creating about as many jobs as they kill.” In the process, they also mitigate major social problems, as Coca-Cola and Pepsi just proved.

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Michael Klare: GOP Promises of Lower Gas Costs Belied By Dwindling Supply of World's Oil

Wed, 14 Mar 2012 00:00:00 -0700

Democracy Now - By Amy Goodman - Mar. 14 (News Analysis) - We look at rising fuel costs, one of the ... issues raised by the Republican contenders in the 2012 presidential campaign. Since the beginning of the year, the average of price of a gallon of regular gasoline has jumped 16 percent to more than $3.80. Earlier this week, President Obama partially blamed his Republican rivals, saying one reason for the increase is rumors of war with Iran. Meanwhile, Republican candidates have used the spike in gas prices to attack President Obama's rejection of the Keystone XL tar sands oil pipeline and his stance on expanded domestic oil drilling. Our guest, Michael Klare, says oil prices are destined to remain high for a long time to come because most of the remaining oil on the planet is no longer easily accessible. Klare's latest book is "The Race for What’s Left: The Global Scramble for the World’s Last Resources."

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Fracking Democracy: Why Pennsylvania's Act 13 May Be the Nation's Worst Corporate Giveaway

Mon, 12 Mar 2012 00:00:00 -0700

AlterNet - By Steven Rosenfeld - Mar. 12 (Special Report) - Pennsylvania, where the Declaration of Independence and U.S. Constitution were signed and where the U.S. coal, oil and nuclear industries began, has adopted what may be the most anti-democratic, anti-environmental law in the country, giving gas companies the right to drill anywhere, overturn local zoning laws, seize private property and muzzle physicians from disclosing specific health impacts from drilling fluids on patients.

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BP to Pay $7.8B to Settle Deepwater Horizon Oil Spill Lawsuit. Is it a Bad Deal For Gulf Residents?

Mon, 05 Mar 2012 00:00:00 -0800

Democracy Now - By Amy Goodman - Mar. 05 (News Analysis) - Investigative journalists Greg Palast and Antonia Juhasz examine who wins and who loses in BP’s settlement. "[BP is] basically being told, if you’re like a bank robber, you put the money back in the vault, and everything’s forgiven," says Palast, who also investigated the Exxon Valdez settlement. Meanwhile, state and federal governments are still pursuing separate civil claims against BP for environmental damage. "That’s when we’re going to hopefully uncover those 72 million pages of investigation that will include wrongdoing not just by BP, not just by Transocean, not just by Halliburton, but every major oil company involved the offshore—and, very likely, at least based on my research, wrongdoing by the Obama administration," says Juhasz

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Unprecedented Ocean Acidification Underway

Fri, 02 Mar 2012 00:00:00 -0800

Mother Jones - By Julia Whitty - Mar. 02 (Special Report) - A new and alarming paper in the prestigious journal Science reports today that the world's oceans may be acidifying faster now than at any time during the four major extinctions of the last 300 million years, when natural pulses of carbon sent global temperatures soaring as much as 6 degrees C (10.8 degrees F).

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Why the GOP Is Trying to Pin High Gas Prices on Obama (and Gullible Americans Are Falling for It)

Tue, 28 Feb 2012 00:00:00 -0800

AlterNet - By Dean Baker - Feb. 28 (News Analysis) - research shows that voters tend to focus primarily on the direction of change. This means that if the unemployment rate is falling and the economy is creating jobs at a respectable pace throughout the year, President Obama stands a very good chance of being re-elected in November. This explains the decision of the Republican Party to focus on the price of gas.

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Federal Rules to Disclose Fracking Chemicals Could Come With Exceptions

Fri, 17 Feb 2012 00:00:00 -0800

nationofchange.org - By Lena Groeger - Feb. 17 (News Report) - Though the BLM's proposed rules are more stringent than most state laws, environmental and health advocates say drillers could circumvent some of the requirements. For instance, the rules would only apply to drilling on federal lands. Also, companies could request that certain chemicals be exempted from disclosure if they are deemed a "trade secret." The trade secret exemptions "could potentially make the rules meaningless if applied broadly,"

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Keystone Pipeline Facts

Fri, 10 Feb 2012 00:00:00 -0800

readersupportednews.org - By Robert Redford - Feb. 10 (News Analysis) - 'Joe Nocera's op-ed in the New York Times yesterday deserves a response and a reiteration of the facts surrounding the Keystone XL tar sands pipeline. ...Let's put the rhetoric aside, and simply focus on the facts. Nocera wants us to believe that approving this pipeline is a matter of national security. ... The Keystone XL tar sands pipeline would not make the United States of America safer. Why? It would not make us safer, because the majority of the processed oil was already scheduled for export to foreign countries. That's right, this Keystone XL pipeline's Canadian tar sands oil would have

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Western Oil Firms Remain as US Exits Iraq

Mon, 09 Jan 2012 00:00:00 -0800

readersupportednews.org - By Dahr Jamail - Jan. 09 (News Report) - hile the US military has formally ended its occupation of Iraq, some of the largest western oil companies, ExxonMobil, BP and Shell, remain. On November 27, 38 months after Royal Dutch Shell announced its pursuit of a massive gas deal in southern Iraq, the oil giant had its contract signed for a $17bn flared gas deal. Three days later, the US-based energy firm Emerson submitted a bid for a contract to operate at Iraq's giant Zubair oil field, which reportedly holds some eight million barrels of oil.

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What's Happening in the Persian Gulf Explained

Tue, 03 Jan 2012 00:00:00 -0800

Mother Jones - By Adam Weinstein, Hamed Aleaziz - Jan. 03 (Special Report) - The basics: Iran and the United States appear to be heading for a showdown in the Persian Gulf. Amid already-high tensions over Iran's advancing nuclear program, the US has imposed harsh new economic sanctions on the regime in Tehran and begun to move se

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Urging Obama to Stop Rush to Iran War

Sat, 31 Dec 2011 00:00:00 -0800

Consortium News - By Ray McGovern, Elizabeth Murray - Dec. 31 (News Analysis) - President Obama needs to put an abrupt halt to the game of Persian Roulette about to spin out of control in the Persian Gulf. If we were still on active duty at the CIA, this is what we would tell him:

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Oil Slick From Massive Spill in Nigeria Threatens Coastline, May Be Largest Spill in a Decade

Tue, 27 Dec 2011 00:00:00 -0800

Democracy Now - By Amy Goodman - Dec. 27 (News Report) - Communities along Nigeria’s Niger Delta have been put on alert following a major oil spill from the oil giant, Shell. The massive oil slick is making its way to the Nigerian coast, threatening local wildlife and massive pollution along the shore. Much of the available information about the spill comes from the company responsible for it, Royal Dutch Shell, which says less than 40,000 barrels have leaked so far. But Nigeria’s National Oil Spill Detection and Response Agency says the spill could be three times as large. It comes just four months after the United Nations said it would take 30 years and around $1 billion for a small section of the delta to recover from environmental damage caused by Shell and other companies.

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Gingrich On Climate Change

Wed, 07 Dec 2011 00:00:00 -0800

FactCheck - By Brooks Jackson - Dec. 07 (Fact Check) - Newt Gingrich went too far when he claimed that “I’ve never favored cap-and-trade.” It’s true he’s never favored the approach taken by Democrats, but he said in 2007 that he would “strongly support” cap-and-trade if combined with “a tax-incentive program for investing in the solutions”.

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Canadian Activists Barred From Durban Summit for Protesting Environment Minister

Wed, 07 Dec 2011 00:00:00 -0800

Democracy Now - By Amy Goodman - Dec. 07 (News Report) - Soon after Kent began speaking, six members of the Canadian Youth Delegation stood up and turned their backs on the minister. They were taken out of the room and later stripped of their credentials to the climate change conference. "Today, six of us stood up and turned our backs on the government of Canada, in the same way the government of Canada has turned its back on us," says activist Karen Rooney. "We are calling on the government of Canada to start putting the interests of people over the interests of polluters."

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Indigenous Activists From Canada Protest Tar Sands Oil at Durban Climate Change Summit

Tue, 06 Dec 2011 00:00:00 -0800

Democracy Now - By Amy Goodman - Dec. 06 (News Report) - This morning in Durban, South Africa, a group of youth and indigenous activists from Canada gave delegates to the U.N. climate talks mock gift bags containing samples of fake tar sands along with tourism brochures for Canada and Canadian flags. Kandi Mossett, one of the activists participating in the action, says Canada’s reliance on tar sands oil “is the largest catastrophic project that I am aware of on earth right now.” Mossett, who is the Native Energy and Climate Campaign Organizer for the Indigenous Environmental Network, notes that the tar sands extraction process is energy and water-intensive, emits immense amounts of pollution into the air, and destroys the landscape. “To even get to the tar sands they have to remove boreal forests — old growth forests — and they call it ‘overburden.’ They just scrape it off and get rid of that. And then they dig down and move so many tons of earth,” Mossett says. “Then they squeeze out the last little 10 percent of oil that’s actually in the sand. And then they have to use chemicals to make it liquid enough to be able to put it through the pipelines — it’s much more toxic than any other kind of, you know, sweet crude oil.”

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GOP’s Phantom Job Losses

Tue, 22 Nov 2011 00:00:00 -0800

FactCheck - By Eugene Kiely - Nov. 22 (News) - Ooops! Republicans — eager to show that President Obama’s oil and gas drilling policies “cost jobs” — have been using a number they now admit was more than three times too high. Even after they corrected their error (after we pointed it out), they started using a figure that is … More >>

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White House Could Cast Decisive Vote to Permit 20,000 Fracking Wells in Delaware River Basin

Fri, 11 Nov 2011 00:00:00 -0800

Democracy Now - By Amy Goodman - Nov. 11 (News Report) - This week the Delaware River Basin Commission released draft regulations to allow for the natural gas drilling technique hydraulic fracturing, known as fracking, in the river's watershed, which provides water to 15.6 million people in New York City, Philadelphia and New Jersey. The proposed plan would allow for some 20,000 gas wells to be developed in the watershed. A vote on the regulations is set for Nov. 21 and could prompt a battle between activists and the White House, which holds a seat on the commission and may cast the deciding vote. We speak with Josh Fox, whose documentary about fracking, "Gasland," was nominated for an Academy Award, and play an excerpt of his new video about the possible impacts natural gas fracking could have in the Delaware River Basin. [includes rush transcript]

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