Published: Tuesday 15 January 2013
The law that Rep. Mike Hager is targeting (2007 SB3) was created with input from Duke Energy, and Duke explicitly opposes ALEC’s “Electricity Freedom Act,” the model law to repeal state Renewable Energy Portfolio Standards (REPS).

Corporate polluters are taking aim this year at states with renewable energy laws, starting with an attack on North Carolina’s clean energy economy by a corporate front group known as ALEC with support from Duke Energy, ExxonMobil, and Koch Industries.

North Carolina state Representative Mike Hager says he is confident that he has the votes needed to weaken or undo his state’s clean energy requirements during his second term. Rep. Hager is a former Duke Energy engineer and a member of the American Legislative Exchange Council, or ALEC. Duke and Progress Energy (now legally merged) have given Rep. Hager  READ FULL POST 4 COMMENTS

Published: Thursday 6 December 2012
ExxonMobil’s bill has done exactly what it set out to do: business as usual for the oil and gas industry.

 

Last year, a hydraulic fracturing ("fracking") chemical fluid disclosure "model bill" was passed by both the Council of State Governments (CSG) and the American Legislative Exchange Council (ALEC). It proceeded to pass in multiple states across the country soon thereafter, but asBloomberg recently reported, the bill has been an abject failure with regards to "disclosure."

That was by design, thanks to the bill's ...

Published: Sunday 18 November 2012
“The Consumer Energy Alliance (CEA), an oil and gas industry front group, CEA Counsel John Northington said he believes a ‘Keystone XL North’ rubber stamp is in the works by the Obama Administration.”

The Tar Sands Blockade of TransCanada Corporation's "Keystone XL South" continues in Texas, but former members of the Clinton and George W. Bush cabinets believe the northern half will soon be green-lighted by President Barack Obama. 

In a Nov. 13 conference call led by the Consumer Energy Alliance (CEA), an oil and gas industry front group, CEA Counsel John Northington said he believes a "Keystone XL North" rubber stamp is in the works by the Obama Administration. 

“I think the Keystone will be approved in fairly short order by the administration,” Northington said on the call.

Northington has worn many hats during his long career:

[He] served in the Clinton Administration at the Department of the Interior as Senior Advisor to the Director of the Bureau of Land Management. Mr. Northington also served as Special Assistant to the Assistant Secretary for Land and Minerals Management with energy policy responsibility for the former Minerals Management Service and the Bureau of Land Management. Mr. Northington began his government service at the Department of Energy, ...

Published: Thursday 25 October 2012
The House of Representatives is the most anti-environment in Congressional history, averaging at least one anti-environment vote per day to eliminate or undermine pollution protections, many benefiting Big Oil.

Starting tomorrow, the world’s largest oil companies — ExxonMobil, Shell, Chevron, BP, and ConocoPhillips — will begin to announce their third-quarter profits for 2012. In the first half of 2012, these companies — all ranked in the top 10 of Fortune 500 Global — earned over $60 billion.

The oil industry reinvests tens of millions of these dollars for political purposes, including nearly all political contributions to Republicans, lobbying, and campaign ads. Through its enormous spending, these five and other Big Oil companies have fought to maintain $4 billion of their annual subsidies, while seeking to undermine clean energy investments:

$105 Million On Lobbying Since 2011, 90 Percent Of Campaign Contributions To GOP:  The big five companies have spent over $105 million on lobbying Congress since 2011, according to lobbying disclosures through the third quarter. The biggest spenders were Shell ($25.7 million), Exxon ($25.4 million), and ConocoPhillips ($22.9 million). The five companies’ oil PACs have donated over $2.16 million to mostly Republican candidates this election cycle. Koch Industries also spends big money to pressure Congress, with $16.2 million on lobbying and more than $1.3 million from its PAC (the top oil and gas spender). In total, the oil and gas industry sends 

Published: Tuesday 23 October 2012
With climate change already contributing to 400,000 deaths each year and costing $1.2 trillion to economies worldwide, such dubious doubt-peddling should be considered criminal.

The octopus has a remarkable ability - it can blend seamlessly with its surroundings changing its appearance to mimic plants, rocks or even other animals.

Similarly deceptive is an upcoming junk study from a Koch-funded think tank that has taken on the format and appearance of a truly scientific report from the US Government, but is loaded with lies and misrepresentation of actual climate change science. The false report is a tentacle of the Kochtopus - with oil and industrial billionaires Charles and David Koch at the head.

The report’s disgraced author, Patrick Michaels, has made his largely undistinguished career shilling for fossil fuel interestes, including his stay at the Cato Institute, which published the counterfeit report. After 

Published: Friday 28 September 2012
Earthworks demonstrated that the penalties for breaking the rules are currently so weak that it’s merely been deemed a tiny “cost of doing business” by the oil and gas industry.

Earthworks Oil and Gas Accountability Project published a scathing 124-page report this week, "Breaking All the Rules: the Crisis in Oil & Gas Regulatory Enforcement."

The content of the report is exactly as it sounds.

That is, state-level regulatory agencies and officials often aren't doing the jobs taxpayers currently pay them to do and aren't enforcing regulations on active oil and gas wells even when required to under the law.

This is both out of neglect and also because they're vastly understaffed and underfunded, meaning they literally don't have the time and/or resources to do proper inspections.

Published: Wednesday 8 August 2012
“The 10 companies include Wall Street banks like Wells Fargo and JP Morgan Chase, oil companies like ExxonMobil and Chevron, and tech companies like Apple, IBM, and Microsoft.”

America’s 10 most profitable corporations paid an average corporate income tax rate of just 9 percent in 2011, according to a study from financial site NerdWallet reported by the Huffington Post. The 10 companies include Wall Street banks like Wells Fargo and JP Morgan Chase, oil companies like ExxonMobil and Chevron, and tech companies like Apple, IBM, and Microsoft.

The two companies with the lowest tax rates were both oil companies. ExxonMobil paid $1.5 billion in taxes on $73.3 billion in earnings, a tax rate of 2 percent. Chevron’s tax rate was just 4 percent. None of the companies paid anywhere near the 35 percent top corporate tax rate, providing more evidence to debunk claims that America’s corporate tax rate is stunting economic growth and job creation (Despite the high marginal rate, American corporations pay one of the lowest effective corporate tax rates in the world).

The study also calculated the overall amount the companies owed in both domestic and foreign taxes. This includes deferred taxes that will, theoretically, be paid in the future, once the companies bring foreign profits back to the United States. Apple, for instance, avoided $2.4 billion in American taxes last year by utilizing offshore tax havens.

If Republicans have their way, however, those deferred taxes may never be paid. Switching to a territorial tax system, a policy leading Republicans have

Published: Wednesday 1 August 2012
“The Shell project in the Arctic, originally slated to start this month, has faced numerous setbacks in its operations.”

Many environmental groups are concerned over a possible extension of drilling expeditions in the Arctic, as oil companies, including Royal Dutch Shell, are set to begin drilling in the region as early as this week.

Shell is planning to open three exploratory wells in Alaska: One in the Chukchi Sea off the state’s northwestern coast, and two in the Beaufort Sea off the northern coast, after delays in production caused by a myriad of factors, including warm weather and production lapses.

An extension of a drilling window would allow the company to drill in the Arctic past the previously agreed-upon deadline of Sep. 24 in the Chukchi Sea, and the end of October in the Beaufort Sea.

Some environmental activists, however, say that the extension of the drilling window is no more than an attempt to make up for lost time.

“It would be really disturbing attempt to move the goal posts,” Travis Nichols, a media officer at Greenpeace, said to IPS. “They haven’t been able to get their fleet in order. They want to change the rules to get the administration to cater to their needs.”

The Shell project in the Arctic, originally slated to start this month, has faced numerous setbacks in its operations.

In June, a Shell drilling-rig, named the Noble Discoverer, did not meet Environmental Protection Agency emission standards, because its generator engines contained higher-than-allowed amounts of nitrous oxide and ammonia.

Earlier this month, the ship, anchored in Alaska’s Dutch Harbor, drifted off its moorings and came within 100 feet of reaching the shore.

“They clearly cannot ensure safety in the Arctic,” Dan Howells, deputy campaigns director at Greenpeace, said in a statement. According to Howells, by extending the drilling window, it “is inviting major catastrophe in one of the ...

Published: Wednesday 25 July 2012
“In 60 seconds, these five companies earned $261,000 — more than 96 percent of American households make in one year.”

The Big Five oil companies – BP, Chevron, ConocoPhillips, ExxonMobil and Shell – are slated to announce their 2012 second-quarter profits later this week.

We can expect these companies, all of which rank in the top 10 of the “Fortune 500 Global Ranking,” to reveal billions of dollars more in profits, after earning $375 million in profits per day in 2011 ($261,000 per minute), and $368 million per day in the first three-months of 2012 — bringing their combined profits to $1 trillion from 2001 through 2011.

Below is a quick look at just how much these Big Oil companies are making, and where they are spending their billions in profits.

Big Oil’s Big Profits, In 24 Hours

  • In 60 seconds, these five companies earned $261,000 — more than 96 percent of American households make in one year.
  • These five oil companies received $6.6 million in federal tax breaks every day.
Published: Tuesday 24 July 2012
“It was the careerists who made possible the genocides, from the extermination of Native Americans to the Turkish slaughter of the Armenians to the Nazi Holocaust to Stalin’s liquidations.”

The greatest crimes of human history are made possible by the most colorless human beings. They are the careerists. The bureaucrats. The cynics. They do the little chores that make vast, complicated systems of exploitation and death a reality. They collect and read the personal data gathered on tens of millions of us by the security and surveillance state. They keep the accounts of ExxonMobil, BP and Goldman Sachs. They build or pilot aerial drones. They work in corporate advertising and public relations. They issue the forms. They process the papers. They deny food stamps to some and unemployment benefits or medical coverage to others. They enforce the laws and the regulations. And they do not ask questions.

Good. Evil. These words do not mean anything to them. They are beyond morality. They are there to make corporate systems function. If insurance companies abandon tens of millions of sick to suffer and die, so be it. If banks and sheriff departments toss families out of their homes, so be it. If financial firms rob citizens of their savings, so be it. If the government shuts down schools and libraries, so be it. If the military murders children in Pakistan or Afghanistan, so be it. If commodity speculators drive up the cost of rice and corn and wheat so that they are unaffordable for hundreds of millions of poor across the planet, so be it. If Congress and the courts strip citizens of basic civil liberties, so be it. If the fossil fuel industry turns the earth into a broiler of greenhouse gases that doom us, so be it. They serve the system. The god of profit and exploitation. The most dangerous force in the industrialized world does not come from those who wield radical creeds, whether Islamic radicalism or Christian fundamentalism, ...

Published: Tuesday 3 July 2012
“Civilizations in the final stages of decay are dominated by elites out of touch with reality.”

Native Americans’ resistance to the westward expansion of Europeans took two forms. One was violence. The other was accommodation. Neither worked. Their land was stolen, their communities were decimated, their women and children were gunned down and the environment was ravaged. There was no legal recourse. There was no justice. There never is for the oppressed. And as we face similar forces of predatory, unchecked corporate power intent on ruthless exploitation and stripping us of legal and physical protection, we must confront how we will respond.

The ideologues of rapacious capitalism, like members of a primitive cult, chant the false mantra that natural resources and expansion are infinite. They dismiss calls for equitable distribution as unnecessary. They say that all will soon share in the “expanding” wealth, which in fact is swiftly diminishing. And as the whole demented project unravels, the elites flee like roaches to their sanctuaries. At the very end, it all will come down like a house of cards.

Civilizations in the final stages of decay are dominated by elites out of touch with reality. Societies strain harder and harder to sustain the decadent opulence of the ruling class, even as it destroys the foundations of productivity and wealth. Karl Marx was correct when he called unregulated capitalism “a machine for demolishing limits.” This failure to impose limits cannibalizes natural resources and human communities. This time, the difference is that when we go the whole planet will go with us. Catastrophic climate change is inevitable. Arctic ice is in terminal decline. There will soon be ...

Published: Thursday 28 June 2012
A 2011 study found that “9 out of 10 top climate change deniers [were] linked with Exxon Mobil.” So it’s no surprise that Exxon’s CEO would spread misinformation on global warming.

Fueled by a warming climate, Colorado is experiencing its worst fire season in its history.

As researchers at Boulder’s National Center for Atmospheric Research (NCAR) joined 32,000 other Coloradans in fleeing the fires, ExxonMobil CEO Rex Tillerson spoke to the Council on Foreign Relations about the “manageable” risks of climate change:

Rex Tillerson said at a meeting at the Council on ...

Published: Tuesday 26 June 2012
Graduating the Class of 2012 Onto Our Overheated Planet.

 

Class of 2012, greetings! It’s a deceptively glorious day, even under this tent in the broiling heat of an August-style afternoon in mid-June on this northeastern campus.  Another local temperature record is being set: 98 degrees.  And yes, let’s admit it, the heat, the sun, the clearness of the azure blue sky stretching without a cloud to the horizon, the sense of summer descending with a passion, it’s not quite as reassuring as it might once have been, is it?  I suspect that few of you, readying yourselves to leave this campus, many mortgaged to your eyeballs (some for life no matter what you do), and heading into a country on edge, imagine personal clear skies to the horizon.

And while we’re admitting things, let’s admit something else about the heat today, as you bake under your graduation gowns: whether or not you have the figures at your fingertips, whether or not you know the details, who doesn’t sense that this planet is on edge, too?  I mean, here you are, the class of 2012, and like the classes of 2011, 2010, and so on, you are surely going to spend your first months out of college enduring one of history's top ten heat years.

READ FULL POST 2 COMMENTS

Published: Friday 1 June 2012
With direct financial support from Exxon, API, TransCanada and others, the Council of State Governments (CSG) drafted a similar fracking chemical “disclosure” bill two months before ALEC’s was internally approved, although they both appear to be modeled off of a Texas law.

Wake up and smell the frack fluid. But don’t ask what’s in it, at least not in Ohio, cause it’s still not your right to know.

Ohio is in the final stages of making an Exxon trojan horse on hydrofracking into state law, and it appears that the American Legislative Exchange Council (ALEC) connected Exxon’s lawyers with co-sponsors of Ohio Senate Bill 315: at least 33 of the 45 Ohio legislators who co-sponsored SB 315 are ALEC members, and language from portions of the state Senate bill is similar to ALEC’s “Disclosure of Hydraulic Fracturing Fluid Composition Act.”

disclosure of fracking fluids? On behalf of ExxonMobil?

Frack fluids include unknown chemicals that gas drillers mix with sand and large amounts of water. The mixture is pumped underground at high pressure in order to retrieve gas and oil by fracturing shale formations. These are the chemicals that have caused widespread concern among residents near gas fracking operations; concerns echoed by doctors who don’t know how to treat patients harmed by exposure to chemicals that oil companies keep secret. Oil companies like XTO Energy, a subsidiary of ExxonMobil, the first company lined up to drill in Ohio’s Utica shale.

Concern over unconventional energy like gas fracking may be the reason by Ohio SB 315 also addresses clean energy standards and 

Published: Tuesday 15 May 2012
“We have been, like nations on the periphery of empire, colonized. We are controlled by tiny corporate entities that have no loyalty to the nation and indeed in the language of traditional patriotism are traitors.”

In Robert E. Gamer’s book “The Developing Nations” is a chapter called “Why Men Do Not Revolt.” In it Gamer notes that although the oppressed often do revolt, the object of their hostility is misplaced. They vent their fury on a political puppet, someone who masks colonial power, a despised racial or ethnic group or an apostate within their own political class. The useless battles serve as an effective mask for what Gamer calls the “patron-client” networks that are responsible for the continuity of colonial oppression. The squabbles among the oppressed, the political campaigns between candidates who each are servants of colonial power, Gamer writes, absolve the actual centers of power from addressing the conditions that cause the frustrations of the people. Inequities, political disenfranchisement and injustices are never seriously addressed. “The government merely does the minimum necessary to prevent those few who are prone toward political action from organizing into politically effective groups,” he writes.

Gamer and many others who study the nature of colonial rule offer the best insights into the functioning of our corporate state. We have been, like nations on the periphery of empire, colonized. We are controlled by tiny corporate entities that have no loyalty to the nation and indeed in the language of traditional patriotism are traitors. They strip us of our resources, keep us politically passive and enrich themselves at our expense. The mechanisms of control are ...

Published: Monday 14 May 2012
“Koch Industries has produced its own video claiming it doesn’t deserve the label of a secretive Big Oil corporation.”

The Obama campaign and the super PAC Priorities USA recently fired back at Americans for Prosperity, highlighting Mitt Romney’s ties to a funding source of $18.5 million in energy attack ads: Koch Industries.

Koch Industries has produced its own video claiming it doesn’t deserve the label of a secretive Big Oil corporation.

Shockingly, Factcheck.org and the Washington Post have taken up Koch’s argument.  Factcheck.org wrote that despite Koch’s $100 billion revenue, the corporation’s diverse holdings mean “it is hardly in the league of the truly ‘big oil’companies.” The Washington Post Fact checker took the same angle.

While it’s true the most profitable U.S. corporations — ExxonMobil and Chevron — are larger than Koch, using this standard to claim the company isn’t Big Oil is incorrect. Let’s take a look at some key facts:

·       The Koch brothers’ net worth tops $50 billion and they have pledged to spend $60 million to defeat President Barack Obama, according to the Huffington Post.

·       The Koch PAC is the largest oil and gas contributor — donating more than even ExxonMobil — spending over $1 million in each of the last two cycles. This cycle, it has spent 

Published: Friday 11 May 2012
“ALEC has faced backlash recently for its role in crafting Florida’s Stand Your Ground laws. Now the organization is taking the same secretive approach to kill renewable energy development across the country.”

Today, behind closed doors in Charlotte, North Carolina, legislators from 15 states will meet with the oil and gas industry to discuss so-called “model legislation” as part of the American Legislative Exchange Council (ALEC). The result could be laws that handicap renewable energy targets — while creating loopholes for fossil fuels, written directly by the oil and gas industry itself.

ALEC has faced backlash recently for its role in crafting Florida’s Stand Your Ground laws. Now the organization is taking the same secretive approach to kill renewable energy development across the country.

Oil and gas corporations have a very strong role in politics through groups like Americans For Prosperity, American Petroleum Institute, and, of course, ALEC. Four of the largest oil and gas corporations and two of the most profitable U.S. corporations overall, ExxonMobil, Chevron, Shell, and BP, sit on ALEC’s task forces. And so today, according to documents posted by Common Cause, representatives from these and other energy groups will discuss potential legislation that would undermine clean energy standards and ...

Published: Thursday 10 May 2012
Six recent clashes and conflicts on a planet heading into energy overdrive.

Conflict and intrigue over valuable energy supplies have been features of the international landscape for a long time.  Major wars over oil have been fought every decade or so since World War I, and smaller engagements have erupted every few years; a flare-up or two in 2012, then, would be part of the normal scheme of things.  Instead, what we are now seeing is a whole cluster of oil-related clashes stretching across the globe, involving a dozen or so countries, with more popping up all the time.  Consider these flash-points as signals that we are entering an era of intensified conflict over energy.

From the Atlantic to the Pacific, Argentina to the Philippines, here are the six areas of conflict -- all tied to energy supplies -- that have made news in just the first few months of 2012:

1. A brewing war between Sudan and South Sudan: On April 10th, forces from the newly independent state of South Sudan occupied the oil center of Heglig, a town granted to Sudan as part of a peace settlement that allowed the southerners to secede in 2011.  The northerners, based in Khartoum, then mobilized their own forces and drove the South Sudanese out of Heglig.  Fighting has since erupted all along the contested border ...

Published: Tuesday 8 May 2012
“The proposed rule will modernize our management of well stimulation activities– including hydraulic fracturing – to make sure that fracturing operations conducted on public and Indian lands follow common-sense industry best practices.”

Last week’s media coverage of the Obama administration’s newly-proposed fracking rules focused so heavily on how drilling companies would have to disclose the chemicals they use that it largely overlooked the toughest provisions: Drillers would be required to test the physical integrity of their wells, and more water would be protected from drilling. Since many wells fail because the cement and casings crack, the new tests could prevent dangerous leakages.

 

One major limitation: Although widely understood as “national” guidelines, the draft rules would in fact only apply to a sliver of the nation’s natural gas supply. That’s because they would apply to mineral rights managed by the Bureau of Land Management, which means areas beneath most BLM and tribal land, but scarcely any U.S. Forest Service, private or state-owned lands – where most drilling occurs. Industry has criticized the proposed rules as too restrictive.

 

The draft rules would require companies to conduct “mechanical integrity tests.” These include pressure tests to make sure that the well can withstand the highly pressurized fluid used for fracking. Ensuring that wells are properly sealed is considered critical for preventing water and ground contamination.

 

The proposed rules also expand the scope of water protected from drilling to include not just fresh water but all “usable water” – meaning lower quality water used for agriculture and construction, as well as water that can be treated to make potable. Currently, only water with up to 5,000 parts per million of total dissolved solids is protected by the BLM. The new rules would expand that definition to include water with up to 10,000 parts per million, which matches the EPA’s definition for an underground source of drinking ...

Published: Monday 7 May 2012
“Pulitzer Prize winning reporter Steve Coll examines the controversy surrounding ExxonMobil.”

We continue our conversation with Pulitzer Prize-winning reporter Steve Coll, author of the exhaustive book, “Private Empire: ExxonMobil and American Power.” He examines controversial role ExxonMobil has played in Afghanistan and Indonesia, where it operated lucrative gas fields amidst a bloody war for independence. Coll also discusses the corporate giant’s involvement in the controversial natural gas drilling process known as “fracking”, and the role of its lobbyists could play in the upcoming U.S. election.

Published: Monday 7 May 2012
“ALEC’s agenda includes crafting legislation that kills carbon pricing and renewable energy targets, turns over public lands, and prevents fracking disclosure laws, among other harmful laws.”

The American Legislative Exchange Council’s anti-environment agenda is fueled by none other than Big Oil companies, which sit on ALEC’s “task forces.”

The watchdog group Common Cause published ALEC’s full member list, revealing four of the five major oil companies behind the group’s anti-environment legislation. These four oil companies — Shell, BP, Chevron, and ExxonMobil — are also the four most profitable, taking a combined $30.6 billion profits in just three months this year.

Koch Industries, ubiquitous in funding right-wing causes, is also one of ALEC’s corporate members, while ConocoPhillips has its own history of funding the group.

ALEC’s agenda includes crafting legislation that kills carbon pricing and renewable energy targets, turns over public lands, and prevents fracking disclosure laws, among other harmful laws.

The latest chapter of Big Oil shaping local and state laws occurs later this week, where state legislators from 15 oil and gas states will meet with oil and gas companies presenting a fossil-fueled vision for the future.

Published: Thursday 3 May 2012
“State-level fracking chemical disclosure bills have been called a key piece of reform in the push to hold the unconventional gas industry accountable for its actions.”

19th Century German statesman Otto von Bismarck once said, "If you like laws and sausages, you should never watch either one being made."

The American Legislative Exchange Council (ALEC), put on the map by the Center for Media and Democracy in its "ALEC Exposed" project, is the archetype of von Bismarck's truism. So too are the fracking chemical disclosure bills that have passed and are currently being pushed for in statehouses nationwide.

State-level fracking chemical disclosure bills have been called a key piece of reform in the push to hold the unconventional gas industry accountable for its actions. The reality, though, is murkier.

On April 21, The New York Times penned an investigation making that clear. The Times wrote:

Last December, ALEC adopted model legislation, based on a Texas law, addressing the public disclosure of chemicals in drilling fluids used to extract natural gas through hydraulic fracturing, or fracking. The ALEC legislation, which has since provided the basis for similar bills submitted in five states, has been promoted as a victory for consumers’ right to know about potential drinking water contaminants.

A close reading of the bill, however, ...

Published: Monday 2 April 2012
How the Big Energy Companies Plan to Turn the United States into a Third-World Petro-State.

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.  Recently, North America has been repeatedly hailed as the planet’s twenty-first-century “new Saudi Arabia” for “tough energy” -- deep-sea oil, Canadian tar sands, and fracked oil and natural gas.  But here’s a question no one considers: Will the oil curse become as familiar on this continent in the wake of a new American energy rush as it is in Africa and elsewhere?  Will North America, that is, become not just the next boom continent for energy bonanzas, but a new energy Third World?

Once upon a time, the giant U.S. oil companies -- Chevron, Exxon, Mobil, and Texaco -- got their start in North America, launching an oil boom that lasted a century and made the U.S. the planet’s dominant energy producer.  But most of those companies have long since turned elsewhere for new sources of oil.

Eager to escape ever-stronger environmental restrictions and dying oil fields at home, the energy giants were naturally drawn to the economically and environmentally wide-open producing areas of the Middle East, Africa, and Latin America -- the Third World -- where oil deposits were plentiful, governments compliant, and environmental regulations few or nonexistent.

Here, then, is the energy surprise of the twenty-first century: ...

Published: Friday 2 March 2012
Higher gas prices mean that money is flowing out of Americans’ wallets and pocketbooks and straight into the coffers of Big Oil companies.

Oil prices, which averaged a near-record $103 per barrel in 2011, have risen steadily since the beginning of 2012. In tandem with oil prices, gasoline prices are also rising—from an average of $3.30 ending the week of January 2 to $3.59 last week. Higher gas prices mean that money is flowing out of Americans’ wallets and pocketbooks and straight into the coffers of Big Oil companies. This Center for American Progress analysis finds that each penny rise in the average quarterly (three months) price of a gallon of gas corresponds to a $200 million increase in quarterly profits of the big five oil companies—BP, Chevron, ConocoPhillips, ExxonMobil, and Royal Dutch Shell.

Since the beginning of the year, the price for gasoline increased 29 cents per gallon. If that average ...

Published: Tuesday 14 February 2012
“Oil and gas companies are raking in record profits and clearly do not need these tax breaks.”

President Barack Obama’s proposed budget for fiscal year 2013 sets a responsible course for rebuilding the economy so that it works for everyone, not just the privileged few. Our middle class is the engine of economic growth, but is threatened by dwindling public investments, a tax system increasingly rigged to benefit the wealthy, a fraying safety net, and assaults on what should be the bedrock guarantees of Medicare, Medicaid, and Social Security.

The president’s budget protects those guarantees, boosts critical investments, and takes steps toward rebalancing the tax code so that all pay their fair share. And it does this in a fiscally responsible way, charting a path that nurtures the economic recovery while reducing the federal deficit, all without asking the middle class to shoulder a disproportionate share of the burden.

President Obama’s proposed fiscal year 2013 budget would make taxes fairer by, among other things, eliminating $40 billion in tax breaks over 10 years for oil and gas companies. About one-fourth of the savings would be invested in domestic manufacturing, which would create jobs.

Oil and gas companies are raking in record profits and clearly do not need these tax breaks. The big five oil companies—BP, Chevron, ConocoPhillips, ExxonMobil, and Shell—made a combined profit of $137 billion in 2011. This beats their previous 21st century record of $136 billion (2011$) in 2008, and ExxonMobil, Chevron, and ConocoPhillips were the first, fourth, and 15th most profitable companies on the Fortune 100 List in 2011.

Despite these humongous earnings, however, the

Published: Wednesday 8 February 2012
“Why the Fossil Fuel Industry Fights So Hard”

If we could see the world with a particularly illuminating set of spectacles, one of its most prominent features at the moment would be a giant carbon bubble, whose bursting someday will make the housing bubble of 2007 look like a lark. As yet -- as we shall see -- it’s unfortunately largely invisible to us.

In compensation, though, we have some truly beautiful images made possible by new technology.  Last month, for instance, NASA updated the most iconic photograph in our civilization’s gallery: “Blue Marble,” originally taken from Apollo 17 in 1972. The spectacular new high-def image shows a picture of the Americas on January 4th, a good day for snapping photos because there weren’t many clouds.

It was also a good day because of the striking way it could demonstrate to us just how much the planet has changed in 40 years. As Jeff Masters, the web’s most widely read meteorologist, explains, “The U.S. and Canada are virtually snow-free and cloud-free, which is extremely rare for a January day. The lack of snow in the mountains of the Western U.S. is particularly unusual. I doubt one could find a January day this cloud-free with so little snow on the ground throughout the entire satellite ...

Published: Monday 6 February 2012
“Buffett’s financial interests in the tar sands, though, go far beyond the Keystone XL saga, and into the development of the tar sands more generally, through Berkshire Hathaway’s extensive stock holdings in ConocoPhillips, ExxonMobil, and General Electric.”

On January 23, Bloomberg News reported Warren Buffett's Burlington Northern Santa Fe Railway (BNSF), owned by his lucrative holding company Berkshire Hathaway, stands to benefit greatly from President Barack Obama’s recent cancellation of the Keystone XL pipeline

If built, TransCanada's KeystoneXL (KXL) pipeline would carry tar sands crude, or bitumen (“dilbit”) from Alberta, B.C. down to Port Arthur, Texas, where it would be sold on the global export market

If not built, as  READ FULL POST 22 COMMENTS

Published: Tuesday 24 January 2012
“The real debate, the debate raised by the Occupy movement about inequality, corporate malfeasance, the destruction of the ecosystem, and the security and surveillance state, is the only debate that matters.”

I spent Friday morning sitting on a wooden bench in a fourth-floor courtroom in the New York Criminal Court in Manhattan. I was waiting to be sentenced for “disturbing the peace” and “refusing to obey a lawful order” during an Occupy demonstration in front of Goldman Sachs in November.

Those sentenced before me constituted the usual fare of the court. They were poor people of color accused of mostly petty crimes—drug possession, thefts, shoplifting, trespassing because they were homeless and needed a place to sleep, inappropriate touching, grand larceny and violation of probation. They were escorted out of a backroom by a police officer, stood meekly before the judge with their hands cuffed behind them, were hastily defended by a lawyer clutching a few folders, and were sentenced. Ten days in jail. Sixty days in jail. Six months in jail. A steady stream of convictions.  My sentence, by comparison, was slight. I was given an ACD, or “adjournment in contemplation of dismissal,” which means that if I am not arrested in the next six months my case is dismissed. If I am arrested during this period of informal probation the old charge will be added to the new one before I am sentenced.

The country’s most egregious criminals, the ones who had stripped some of those being sentenced of their homes, their right to a decent education and health care, their jobs, their dignity and their hope, those wallowing in tens and hundreds of millions of dollars, those who had gamed the system to enrich themselves at our expense, were doing the dirty business of speculation in the tall office towers a few blocks away. They were making money. A few of these wealthy plutocrats were with the president, who was in New York that day to attend four fundraisers that took in an estimated $3 million. For $15,000 you could have joined Barack Obama at ...

Published: Wednesday 28 September 2011
At this rate, Big Oil could easily exceed $100 billion in profits for 2011. Why can’t these companies afford to forgo $2 billion annually in taxpayers’ money?

 

On September 19 President Barack Obama announced his plan to reduce the deficit by $4 trillion over the next 12 years, including raising $1.5 trillion by closing special interest loopholes and other revenue raisers. This includes eliminating $41 billion in tax loopholes for the oil and gas industry (p. 63) over the next decade.

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