Insight and inspiration in turbulent times.
INVESTMENTS by leading British energy companies in Bolivia’s huge gas reserves are under threat from a popular movement clamouring for nationalisation of the country’s hydrocarbon resources.
The Iraqi government plans to phase out slowly subsidies on basic products, such as oil and electricity, which comprise 50 percent of public spending, equal to 15 billion dollars, the planning minister said on Saturday.
Speaking on the issue of Sarbanes-Oxley and highlighting the need for tighter compliance legislation, the key whistleblower at the heart of the Enron scandal has warned that ‘cooking the books’ is still very much a part of corporate America.
In an excellent speech given in Johannesburg earlier this month, George Monbiot looks frankly and damningly at the state of corporate journalism, who’s institutional interests are at odds with any potential policy changes addressing climate change and resource depletion, such as the imminent global oil peak.
Most oil-producing nations are also rife with corruption, and oil companies should provide more information about their operations to help clean up the market, a global watchdog group said Wednesday in an annual report.
Not only does the Iraqi government hand over their crude oil to US corporations, they now ban Iraqi farmers from saving their seeds. Transnational biotech corporations are given control over Iraqi seed banks.
Oddly enough, I’ve been cheering on a “Marxist Dictator” of late. Not that I’m a no good pinko commie red mind you… no, but I am rooting for Hugo Chavez as he’s poking the Plutocratic forces at play outside Venezuela.
Oddly enough, I’ve been cheering on a “Marxist Dictator” of late. Not that I’m a no good pinko commie red mind you… no, but I am rooting for Hugo Chavez as he’s poking the Plutocratic forces at play outside Venezuela.
Venezuela has announced that it is increasing the royalties paid by foreign oil companies from 1% to 16.6%.
The absorption of Russian state-owned oil company Rosneft by the gas giant Gazprom appears to have run into trouble amid press reports yesterday of furious infighting among top Kremlin officials over the deal.
THE spike in oil prices in recent months is stoking heated arguments between market players, who blame each other for the lack of production capacity that has been exposed by strong global demand.
Russian oil major YUKOS, fighting to prevent a cheap fire sale of assets in a tax dispute with the state, boosted oil-reserve estimates of its core Yugansk unit fivefold today.
