Articles

Oil Prices Remain Most Volatile Since 2009

Big oil companies are making spending cuts, and rig counts are dropping rapidly, but actual oil production is still at high levels

Arctic Oil on Life Support

Tapping the extensive oil reserves in the Arctic has been harder than previously thought

Blood For Oil

Look east from the Kurdish trenches on a dusty ridge outside the northern Iraqi city of Kirkuk and you can see the cause of it all: a rudimentary oil field where...

Inside the Death Star -- Also Known as Exxon

Like all the Big Oil players now operating in the Gulf of Mexico, ExxonMobil was required to file a spill response plan with the Department of Interior that...

Is Iraq Headed for a Crackup?

Patrick Cockburn, one of the best reporters now covering the Middle East, recently described the growing tensions in Iraq over the question of sharing its oil...

Groundhog Day: An Oil Giant Spins a Spill

Credibility is a precious thing. Oil giant ExxonMobil did not have much to begin with, but it went even deeper into its scarce reserves in the past few days when...

Another Oil Spill, as ExxonMobil Fouls Montana

Amid the fireworks, parades, and hot dogs of this past Fourth of July weekend was that sinking feeling of déjà vu when news broke that yet another oil spill was...

Takeover Rumors: Why Would Anyone Want to Buy BP?

Who would want BP? Perhaps one of the least-loved companies in the world right now, the energy giant is spending more than $30 million a day trying to clean up...