With Greece on the verge of default, we’re about to learn how little has really changed since governments around the world wrote the last round of bail out checks to prop up failing financial institutions. Just as the collapse of the US subprime mortgage market rippled into nearly every corner of the global financial system, [...]
Governor Arnold Schwarzenegger and his Midwestern colleagues had better think twice before banning carbon-dirty fuels such as the oil made from Canadian tar sands. If they don’t like the fuel Canada has to offer, their only other choice is to get off the road entirely. Like it or not, synthetic oil from Alberta’s tar sands [...]
This is what you won’t be reading from the official press release following next week’s OPEC meeting in Angola. Member states are guzzling tons of their own oil and have less and less stuff to export to you. Fortunately, since oil prices are almost four times higher than they were a decade ago, those states [...]