When Bloomberg writes that in the United States “ Big Oil Is About to Lose Control of the Auto Industry ” you know there is something going on, especially when they rely on solid BNEF study and data.
According to PeakOil.com, the seven largest oil companies of the Western world — ExxonMobil, Shell, BP, Chevron, Total, ConocoPhillips and Eni —have seen their oil output decline by 12.4 percent between 2009 and 2013. According to the IEA, if total world oil supply has risen from 85.66 million barrels per day in 2009 to 91.53 … Read more
Do you know why Big Oil and other fossil fuels conglomerates are pushing so hard against energy efficiency and renewables ? Because it could take away four trillion of dollars from them in the next eight years ! This is one of the many findings of the latest International Energy Agency (IEA) report. Cleantechnica plans … Read more
If you aren’t familiar with US environmental politics, you might not have heard about Big Oil’s latest craze : building a 1.700 mile (2,736 km) long pipeline to bring tar sands oil extracted from Canada to the US Gulf coast. After many twists and turns, President Barack Obama – the green Prez that should have … Read more
You know probably know it : America – and to be fair, many other countires – is giving a lot of subsidies to Big Oil and companies that are making billions of profits. This doesn’t make sense economically nor environmentally. You might also remember that I have been advocating changing this for years and have … Read more
The State of the Union speech given yesterday by President Barack Obama might well stay in the History books like John Fitzgerald Kennedy moon shot speech that sent Americans on the moon in less than a decade.
Indeed President Obama asked for 80% of America’s electricity from ‘clean energy’ by 2035 (including clean coal and natural gas, nobody’s perfect) and for more than one million electric vehicles on the road by 2015.
Even more, he called for the suppression of the billions worth of subsidies to Big Oil companies. Let’s hope Congress will give him the means to do all this.
To the Huffington Post : ” California progressives have demonstrated that we have the power to deliver a resounding defeat to the big oil companies, if we fight on our own terms and harness the power of the grassroots.”
” Proposition 23, had it passed, would have effectively repealed the state’s landmark global warming law. California is the world’s 12th largest emitter of greenhouse gases”
” Its global warming law, passed in 2006, mandates the largest legislated reductions in greenhouse gases in the world. “