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Latest Posts tagged with "drilling"

Big Oil’s big profits show they don’t need tax breaks

Gas Prices

Credit: Paulo Ordoveza

The latest round of oil industry quarterly profits is trickling in.  Once again, the oil industry is posting multi-billion profits – much of thanks to the high price that consumers are paying at the gas pump.  Shell oil saw an 11% jump in profits over this time last year, raking in $7.7 billion in just three months. Read more

The true story behind high gas prices

Gas Prices

Credit: Paulo Ordoveza

Gas prices are still going up.  Across the country, there are calls for opening more of our pristine landscapes to drilling.  A study by the Associated Press shows that more drilling won’t lower prices, but that hasn’t stopped the politicians and pundits. They’re still clamoring to give more wild places to the oil industry – locking them away in 10-year leases that they may or may not use. Read more

Gas price myths from the Senate floor

While debating a bill that would repeal $2 billion in tax subsidies for Big Oil, S. 2204, United States Senators came to the floor to state their case. Unfortunately, those defending Big Oil’s perks decided to use well-worn myths and misdirection. It is important for American consumers to know what is true and what is more Big Oil spin. Here are 4 commonly mentioned myths that Senators used to defend the indefensible Big Oil tax subsidies: Read more

The truth behind $4 gasoline that Big Oil doesn't want you to know

High prices at the pump in Washington DC

Credit: Paulo Ordoveza

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“Drilling for Highways” is a Wrong Turn for Highways and Public Lands

Arctic National Wildlife Refuge

Credit: Lincoln Else

America needs its roads and bridges – without them, we couldn’t get to work, ship goods, and get to the wild places where we love to go hiking, biking, and camping.  But we also need to get away from climate-change causing fossil fuels – not make ourselves more dependent on them.  This is the lesson that the House Republicans don’t seem to learn.  They’re now trying to make a mess of a bill meant to rebuild our bridges and roads by forcing the addition of several drilling bills into the final legislation. Read more

Offshore drilling in the Arctic: The deadline to oppose new leases is tonight!

Already stressed by climate change, polar bears are one of the Arctic species that would be threatened by an offshore oil spill.

Credit: National Oceanic and Atmospheric Administration

Despite a glaring lack of scientific information about the Arctic Ocean, or effective technology to address a major oil spill, the Obama administration is following the previous administration’s lead and positioning itself to expand offshore oil and gas leases in Alaska’s Beaufort and Chukchi seas over the next five years in its 2012-2017 drilling plan. Region:  Alaska Read more

Arctic animals at risk: Which animals are most threatened by oil development?

Seal pups can become easy prey if matted oil interferes with flipper movement.

Arctic animals face a new threat that could severely exacerbate habitat stresses caused by climate change. In recent years, oil companies have targeted vulnerable waters in Alaska’s Chukchi and Beaufort seas, hoping to create a new frontier for oil drilling. Read more

Stop Arctic Drilling: Help prevent this brewing disaster

Polar bear crossing through Arctic waters

Help save the Arctic from oil drilling! As you read this, big oil corporations are just a few steps away from drilling in sensitive Arctic waters, and possibly even under — and eventually in — the pristine Arctic National Wildlife Refuge, if all goes their way. Time is critical because several decisions affecting the fate of these extraordinary Arctic lands and waters could be made any day. Region:  Alaska Read more