The CEO and Board of Directors of Solazyme, a company the military paid $149 per gallon for “alternative” fuel, have donated more than $300,000 to Democratic candidates and committees, according to a Washington Free Beacon analysis.
The Environmental Protection Agency’s new rule restricting carbon emissions from existing power plants has Republicans and fossil fuel advocates fuming, but the regulations could end up providing a major boost to U.S. oil production.
Conservative Democrat Hillary Clinton was heckled by environmentalists Thursday during a New Hampshire town hall event, and for good reason. The Los Angeles Times reports:
[T]he gathering grew contentious when a woman representing an environmental advocacy group pressed Clinton on whether she would support banning fossil fuel extraction on public lands, including the use of hydraulic fracturing, the controversial natural gas drilling technique commonly known as fracking.
Clinton had said in response to an initial yes-or-no question that she could not commit to such a ban until alternative sources of fuel were in place.
Under a landmark nuclear deal reached on Tuesday, Iranian oil companies will have greater access to world markets than their American competitors.
Iraqi forces defending the country’s largest oil refinery are surrounded and running low on supplies, calling to question how long they can remain in control of the critical site.
Oil and gas production on federal land continues to decline even as the United States experiences unprecedented growth in overall fossil fuel extraction, according to a federal report released on Monday.
The International Criminal Court this week rebuffed efforts to charge oil giant Chevron with violations of international law, dealing another setback to environmentalists engaged in a decades-long legal and political battle against the company.
An innovative oil and gas extraction technique is analogous to rape, according to a leading environmentalist group opposed to the practice.
To speak out against “Big Oil,” Sharon Stone requires a six-figure fee, three first-class plane tickets, and an entire floor at a ritzy hotel with complimentary room service and wireless internet.
ANKARA/LONDON (Reuters) – Iran is sweetening the terms it offers on oil development contracts to draw the interest of foreign investors deterred by sanctions and low crude prices, as its pragmatic president seeks to deliver on his promise of economic recovery.