Tag: Oil

Since the Islamic State rose out of the ashes of al Qaeda in Iraq, oil and other resource smuggling are just a few things funding this endeavor. Is this how the criminal gang now controls major cities throughout the Middle East?

When Steve Horn arrived at the Oklahoma City headquarters of the Interstate Oil and Gas Compact Commission (IOGCC) for an interview, he was greeted by police—a tactic for the group's propensity for secrecy when it comes under scrutiny.

Bernie Sanders along with 11 fellow senators sent a letter to President Obama urging him to cease Shell’s oil drilling in the Arctic. Because they believe there to be "utter hypocrisy in the current policy."

They reveal the U.S. government acting as a mediator between Mexico's government and U.S. oil and gas companies seeking to cash in on a policy made possible by the behind-the-scenes efforts of then-Secretary of State Hillary Clinton's U.S. State Department.

“[A]s secretary of state, we know that there was quite a revolving door between the oil and gas lobby and her people at State and on her previous campaign staff." So should we be worried about Hillary Clinton standing up to Big Oil and Gas?

Shell Oil has decided to rebrand itself as something other than an oil company for its U.S.-based unit. But this doesn't change their aggressive stance to drill for offshore oil in the Arctic and deep offshore in the Gulf of Mexico.

Compared to the destruction and harm BP caused in the 2010 Deepwater Horizon explosion, their settlement is very minimal, but at least they will have to pay for this spill. Let’s hope the government sticks to their guns and makes sure this settlement is passed.

The U.S. should not be in the Middle East, but the U.S. government will not be pulling out troops when there is still oil and natural gas there. At some point in time, other countries will get so tired of this endless war they will step in to put an end to it.

Crude oil from a broken pipeline has led to an alarming amount of oil to leak into the Pacific Ocean leaving Santa Barbara area in a state of emergency. The company, Plains All American, is not required to be supplied with an automatic shutdown valve in case of a leak so the leak continued for a while before being looked into.

While the Standard Oil Trust fixed prices, set production quotas and ruthlessly forced out competitors, the Organization of the Petroleum Exporting Countries has control of the industry. If history repeats itself, will the oil industry respond with market manipulation?