BP originally estimated that the Gulf of Mexico oil spill would be contained with robotic submarines, however early attempts to contain the oil spill failed. Now BP and the Obama administration are left with an ever-worsening environmental catastrophe and a spiralling clean-up bill that runs into billions of dollars. As […]

Oil spill latest: The cost of clumsiness

Oil tankers are the floating goldmines of the ocean and it is of little wonder that pirates see them as attractive, if not imposing, targets. But with oil supplies supposedly running low, the last thing we need is for our precious barrels of liquid gold to fall into the wrong […]

Preventing a pirate attack

Apparently, there’s a global oil scam making Bernie Madoff look like a petty thief. If serial entrepreneur and Seeking Alpha columnist Philip Davis is to be believed, the world is being scammed out of $2.5 trillion, 50 times greater than the sum Madoff took from the duped investors. According to […]

The $2.5 trillion global oil scam

The US government has an historic opportunity to strengthen national security by reducing its reliance on foreign oil. There are huge policies either already in place or currently making their way through congress aimed at accomplishing this goal. Washington has made sure that the majority of public attention falls on […]

Oil demand a real threat to US security