3 posts tagged with oil by saulgoodman.
Displaying 1 through 3 of 3.
Retail prices 'rigged for a decade': The European offices of BP and Shell were raided by European officials earlier this week in the beginning of an investigation into allegations of illegal market collusion and price fixing dating back to at least 2002. [more inside]
To hear Rupert Murdoch's newspaper The Australian tell it, "Science" is now tempering its claims about the urgency of Global Warming. Arts and Letters Daily goes even further, declaring a "Catastrophe Postponed" on its front page. But a closer look at the meager factual content of The Australian article (as opposed to the specious inferences and dramatic allusions to "leaked IPCC documents") suggests that, in fact, "Science" has just gotten more specific about its Global Warming claims, and the real situation remains as urgent as ever if we continue on our current track. Meanwhile, in tangentially related news, Chevron is reporting a massive new oil find in the Gulf of Mexico. Not to imply any kind of conspiracy here (since, you know, "Science" has proven that actual conspiracies are an urban myth).
Suppose you were like this guy and you had devoted nearly a decade of your life to figuring out how to make oil from turkey gizzards. Now suppose this guy and a bunch of pencil-pushers like these guys came along and started challenging the long-term viability of carbon-based fuels (whether of the freshly-squeezed variety or not). For sake of argument, suppose they were right. How reluctant do you suppose you'd be to admit it, even to yourself?