1. M

    NYC Sues Oil Companies

    Mayor Bill de Blasio says the city will be seeking billions in the lawsuit to recoup money spent by the city for resiliency efforts related to climate change. The defendants in the city's federal lawsuit are BP, Chevron, ConocoPhillips, ExxonMobil and Royal Dutch Shell. The lawsuit follows...
  2. chris7375

    Obama Administration unveils plan for Alaskan Oil.

    http://news.yahoo.com/u-sets-management-plan-alaska-petroleum-011025890--finance.html I don't think this is a good thing. We will pay for being dependent on foreign oil as we did in the 1970's. Though with all the technology we have today you would figure there would be a way to do this...
  3. myp

    Report: US to become top oil producer in 5 years

    http://www.nytimes.com/2012/11/13/business/energy-environment/report-sees-us-as-top-oil-producer-in-5-years.html?smid=tw-share&_r=0 Thoughts?
  4. David

    US to become #1 oil producer/exporter this decade.

    http://money.cnn.com/2012/11/12/news/economy/us-oil-production-energy/index.html?iid=HP_LN&hpt=hp_t3 If I here 1 more "Drill, baby, drill!" Obama bashing crazy, I'm going to slap them across the face with this article. :p
  5. myp

    US looks for India to reduce oil purchases from Iran

  6. myp

    Iran stops oil sales to France and UK

    Iran has stopped oil sales to France and UK in protest on economic sanctions placed the EU on them for the developing nuclear program. The move comes as UN officials go to Tehran to discuss the program. It is largely a symbolic move as the UK and France don't buy much Iranian oil...
  7. A

    why gold prices are related with OIL!

    hi! hope all are fine, happy, healthful, and without any tensions and depressions :p a few questions from respected myp: 1- how the price of Gold is determined? 2- and why the prices of Gold are related with OIL? Regards, An Afghan!
  8. myp

    European Union bans importing Iranian oil

    The EU has banned importing oil from Iran as well as placed more sanctions on the country in protest of Iran's nuclear program. Politicians in Tehran are responding with threats of ending shipments starting immediately or blocking the Strait of Hormuz...
  9. P

    President-For-Life obama smashes oil pipeline plan

    http://www.foxnews.com/politics/2012/01/18/industry-source-state-department-will-reject-keystone-pipeline-reroute/ Yet another arrogant move against democracy, by a president whose only talent seems to be harming the economy.
  10. myp

    White House releases 30 million barrels of oil from reserves

    In an effort to bring down prices, the White House issued an order to sell 30 million barrels of oil from the US reserves. So far, prices have certainly taken a hit with crude at ~$92 and Brent at ~$108. Strategic move or political? I'll put my money on the latter.
  11. myp

    Oil spill reform pending

    The House passed a oil spill reform bill that would increase regulations on big oil after the BP oil spill. Included in the bill is an end to the Federal moratorium on deep sea drilling for companies that meet new safety requirements. The Senate has a similar bill on the table, without the...
  12. myp

    BP to implement "top kill" procedure in response to oil leak

    BP announced today that within the next 24 hours, the company will begin a "top kill" strategy to stop the spewing oil well in the Gulf. The procedure has a 60-70% rate of success and involves pumping down a heavier substance to counter the lighter oil coming up in an effort to stop it. The plan...
  13. myp

    What effect will the recent oil spill have on climate change/offshore drilling plans?

    Reuters has an interesting round-up piece on the potential effects of the recent oil spill in the Gulf coast. The oil spill, which was caused by a damaged BP rig, has already let out thousands of barrels of oil and continues to do so. This could lead to a reduction in offshore drilling support...