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


The oil spill in the Gulf of Mexico is now 80 miles across and the size of Jamaica, and according to new reports is five times worse than first thought, leaking around 5000 barrels into the sea, as opposed to the 1000 barrels first estimated. The new estimates were released […]

Gulf oil spill latest: Containing the spill


Over two decades after the devastating Exxon Valdez oil spill off the coast of Alaska, significant quantities of oil can still be found covering the state’s shores and beneath gravel beaches, a new study has discovered. Over 21,000 gallons of crude oil remains of the 11 million gallons of crude […]

Traces of Exxon Valdez spill can still be found



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



Since federal limitations on domestic oil production in the 1980s, there has been a steady decline in US production. By 1994, the US was importing more than its total domestic production. Restrictions on supply help to drive up prices and unnecessarily contribute to US reliance on foreign oil. As much […]

Just how reliant is the US on foreign oil?