Tag: big oil

Polar bear climate change protest (Polar Bear Uprising Photos / Flickr / CC / Cropped)

Federal Judge in San Francisco Dismisses Climate Change Lawsuit

A federal district judge in San Francisco dismissed on Monday a lawsuit brought by the cities of San Francisco and Oakland seeking financial compensation from oil companies for the cost of fighting climate change, including building walls to protect the municipalities from future sea rise.

FILE - In this Nov. 17, 2007 file photo, a worker repairs a part of a unit of the Tehran oil refinery, in Tehran, Iran. A series of fires at Iranian petrochemical plants and facilities have raised suspicions about hacking potentially playing a role in the blazes. Iran officially insists …

DELINGPOLE: Why I Totally Hate Big Oil – And Why You Should Too…

Did you hear the speech that Al Gore gave in Texas the other day saying that the oil industry should take climate change more seriously, that oil could peak in the next decade, that the “social acceptance” for oil was disappearing, that there needed to be a meaningful tax on carbon emissions and that he “strongly supported” the Paris climate agreement?

AP Photo

What’s Up with Prices at the Pump and Why It Could Be a Good Sign

All of us loved less-than $2 a gallon at the pump. AAA reports: “Americans paid cheapest quarterly gas prices in 12 years”—which resulted in savings of nearly $10 billion compared to the same period last year. However, oil (and, therefore gasoline) has been creeping upward since the February low—topping $45 a barrel, a high for the year. And that could be a good thing.

REUTERS/Edgard Garrido

Confirmed: People Have Very Unrealistic Notions About Corporate Profit Margins

Perhaps political attitudes would change if more people understood that the government is raking in more money from their purchases than Walmart is. Politicians excel at portraying themselves as perpetually under-funded in their selfless quest to make life better for everyone. At the same time, they teach the public to believe private industry is rapacious and exploitative, rather than working with six or seven-percent profit margins.