Petroleum

Ann Arbor (Informed Comment) – CNBC stock picker Jim Cramer startled his conservative fan base this week by refusing to push ExxonMobil and other petroleum stocks. He solemnly informed his audience that he is “done” with fossil fuel securities. He pointed out that pension funds all over the world are divesting from them because of […]

Brazil

Soleimani’s Killing is a Global Event: Brazil’s Politicians, Oil Markets Shaken by Mideast Instability

Tori Avila

Sao Paulo (Special to Informed Comment) – Recently, after the American military action that killed Iranian General Qassem Soleimani in Bagdad, Brazilian President Jair Bolsonaro said that “Brazil supports any action against terrorism around the world, and so should the entire international community”, and also that “the country has absolutely no intentions to take advantage […]

Donald Trump

Trump’s Soleimani Assassination: It’s All about the Oil

Reese Erlich

(48Hills.org) – Reese Erlich, who has reported from the region for 20 years, sorts out the impact of Trump’s drone attack that killed a popular Iranian general. On Jan. 2 a US drone fired a missile on a car caravan leaving the Baghdad airport, killing Iranian Major General Qassem Suleimani and leaders of Iraqi militia […]

Environment

Polluter’s Paradise: How Oil Companies Avoided Environmental Accountability After 10.8 Million Gallons Spilled

ProPublica

By Joan Meiners, The Times-Picayune and The Advocate This article was produced by ProPublica in partnership with The Times-Picayune and The Advocate, which is a member of the ProPublica Local Reporting Network. ( ProPublica ) – Louisiana still hasn’t finished investigating 540 oil spills after Hurricane Katrina. The state is likely leaving millions of dollars […]

Brazil

Beef and Oil: Are Brazil’s Bolsonaro and Saudi’s MBS a Match Made in Heaven?

Tori Avila

By Vitoria Avila Fioravanti | – Sao Paulo (Special to Informed Comment) – Beef, oil and veiling and a murdered journalist have catapulted the burgeoning relationship between Brazil and the controversial Kingdom of Saudi Arabia into the headlines for the first time this fall, though the two countries have had formal diplomatic relations since 1968. […]

Environmentalism

Climate Crisis will Beggar Us: Big Oil needs to Pay for the Damage it Caused

Yes! Magazine

By Tamara Toles O’Laughlin and Bill McKibben | – (Yes! Magazine) – Climate change disproportionately affects poor people and people of color. They should be compensated for their suffering. This month in a Manhattan courthouse, New York State’s attorney general Letitia James argued that ExxonMobil should be held accountable for layers of lies about climate […]

Climate Crisis

Saudi Oil Giant Aramco’s $1.5 trillion IPO flies in the face of our Climate Crisis Reality

The Conversation

By Mark Shackleton | – The largest oil and gas producer, Saudi Aramco, is due to become the world’s most valuable publicly listed company. The Saudi government is planning to sell a small fraction of the firm’s shares on the Riyadh stock exchange before seeking a listing for 5% of the firm on an international […]

Donald Trump

Trump hands Oil & Gas to Syria & Russia as he claims “We’ve taken control of the oil in the Middle East”

Juan Cole

Ann Arbor (Informed Comment) – Trump claimed that “we’ve taken control of the oil in the Middle East” as a result of his greenlight to Turkey to invade Syria. As usual, no one could understand what he was talking about. Syria and Turkey are not oil states, though Syria was doing 400,000 barrels a day […]

Fossil Fuels

Fueling Global Heating: Our Tax System Rewards the Biggest Carbon Criminals

OtherWords

By Charlie Simmons | – ( Otherwords.org) – Last year, the biggest fossil fuel companies paid zero dollars in taxes — and actually received billions in rebates. By Charlie Simmons | October 16, 2019 Greta Thunberg, the 16-year-old Swedish climate activist who sparked student protests across the globe, had this to tell the UN General […]