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Markey Report: Big Five Oil Companies Approach $1 Trillion in Profits for the Decade, Yet Still Rely on 100 Year-Old Subsidies to Sell $100 Oil
Congressman’s Committee Staff Release Report on Oil Company Profits and Tax Subsidies
Oil Business Not So Bad: BP Posts 83 Percent Profit Growth
By EMILY FLYNN VENCAT
LONDON — British oil company BP PLC reported a huge 83-percent rise in third-quarter net profit Tuesday on the back of surging energy prices between July and September.
Friends Committee on National Legislation
President Bush Asserts Right to Control Iraqi Oil
Washington, DC… President George W. Bush this week rejected a Congressional effort to bar the U. S. military from controlling Iraq’s oil resources.
Before signing a bill authorizing military funding earlier this week, the president issued a “signing statement”, saying that he would not be bound by a provision in the bill prohibiting expenditure of funds “to exercise United States control of the oil resources of Iraq.”
3 Oil-Rich Countries Face a Reckoning
By SIMON ROMERO, MICHAEL SLACKMAN and CLIFFORD J. LEVY
Falling oil prices are raising questions about whether Venezuela, Iran and Russia can sustain their ambitions.
Russian Gas Executives Visit Palin’s Turf
By ANDREW E. KRAMER
A high-level delegation from the Russian energy company Gazprom met in Anchorage with state officials to talk about investing in Alaskan energy projects.
E&E News PM
Enviro groups want BLM to suspend oil shale decision
By Noelle Straub
Environmental groups want the Bureau of Land Management to temporarily withdraw its decision to designate land in three Western states for potential oil shale development, saying the agency failed to allow an opportunity for public protest.
Palin and the Politics of Big Oil
By Stephen Conn
Thanks to an ingenious political maneuver, orchestrated by Big Oil, Sarah Palin has been transformed from oil’s political antagonist to a potential ally at the national level. Whatever the election’s outcome, Big Oil wins in Alaska and Alaskans are, forever, the losers.
Palin: A Big Boon for Big Oil
By James Ridgeway
Commentary: Palin has a rep for taking on oil companies, but if elected vice president she'll be positioned to deliver what the industry wants most—access to untapped Arctic terrain.
Oil's Washington juggernaut
Under fire for high gas prices, the industry is spending record amounts on influence in Washington. Plus: How it's playing in the presidential race.
By Steve Hargreaves
NEW YORK (CNNMoney.com) -- As angry voters spark a barrage of energy bills in Congress, the oil industry is spending record amounts of money protecting its interests.
Tax breaks for Big Oil are
NO solutions for working families, did they help you?