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Monthly Archives: January 2009
Exxon Roars To Record In Oil Slump
Exxon Mobil finished a roller-coaster year in the oil markets with an all-time record $45.2 billion in profits, despite fourth-quarter earnings that were a third lower than the same period a year before.
Original post by Steven Mufson
Posted in Uncategorized Comments closed
Corporate Survival Mode
From oil drillers that have closed down rigs to retailers that have liquidated stores, companies across America are reshaping themselves with breathtaking speed to adjust to the rapidly spreading financial crisis.
Original post by Heather Landy and Peter Whoriskey
Posted in Uncategorized Comments closed
Obama Announces New Energy, Environmental Policies
President Obama today promised new U.S. leadership in the fight against global warming as he announced a series of steps aimed at making American cars more fuel efficient and reducing greenhouse gases, including a directive to the Environmental Protection Agency to reconsider granting California and…
Original post by William Branigin, Juliet Eilperin and Steven Mufson
Posted in Uncategorized Comments closed
At Senate Hearing, Chu Tempers Comments on Gas Tax, Coal
Steven Chu, President-elect Barack Obama’s nominee for Energy secretary, presented strong views yesterday on the need to combat climate change while delicately handling questions from senators about his past criticism of coal use, endorsement of gasoline taxes and embrace of a cap-and-trade system…
Original post by Steven Mufson
Posted in Uncategorized Comments closed
Road to Fuel Efficiency Is Lined With Orange Cones
DETROIT, Jan. 11 Within the halls of the North American International Auto Show, the world’s automakers were jockeying yesterday to promote their electric cars.
Original post by Kendra Marr
Posted in Uncategorized Comments closed
Environmentalist Creates Uproar at Oil-Lease Auction by Running Up Prices
LOS ANGELES — Instead of joining his protester friends on the snowy sidewalk outside the Bureau of Land Management office in Salt Lake City, Tim DeChristopher took a seat inside. In a room milling with oil and gas men who knew one another by sight, he was the unknown in a red parka, registering as…
Original [...]
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Economy, Politics Stoke Russia-Ukraine Gas Quarrel
MOSCOW, Jan. 7 — Since the fall of the Soviet Union, Russia and Ukraine have wrangled over fuel prices, with both sides holding a powerful bargaining chip. Russia has had the natural gas Ukraine needs to power its industries. Ukraine has owned the pipelines Russia depends on to transport the gas…
Original post by Philip P. [...]
Posted in Uncategorized Comments closed
European Nations Report Halt or Drop in Russian Natural Gas Coming Via Ukraine
MOSCOW, Jan. 6 — The flow of natural gas from Russia to Europe plummeted Tuesday, with more than a dozen countries reporting a complete halt or sharp drops in fuel shipments as Russia deepened its gas embargo against neighboring Ukraine in the middle of a winter cold spell.
Original post by Philip P. Pan
Posted in Uncategorized Comments closed
Venezuela Ends U.S. Heating Aid
With sagging oil prices putting pressure on its own budget, the government of Venezuela has ended its three-year-old, $100 million program providing home heating-oil assistance for poor Americans in 23 states.
Original post by Steven Mufson
Posted in Uncategorized Comments closed
In Ukraine, Rivals Unite Over Russian Gas
MOSCOW, Jan. 1 — Ukraine’s feuding leaders united behind a common negotiating position and held firm in their fuel standoff with Moscow on Thursday as Russia followed through on a threat to halt all shipments of natural gas to the country.
Original post by Philip P. Pan
Posted in Uncategorized Comments closed
Raise the Gax Tax, End Our Oil Addiction