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  • British Petroleum

    BP–Rosneft Deal: Beyond Energy

    On January 15, British Petroleum (BP) agreed to form a joint venture with Russia’s state-owned Rosneft to develop three of Rosneft’s offshore exploration blocks in northern Russia. The two companies will jointly explore for oil and gas in the Russian Arctic, one of the world’s last remaining unexplored hydrocarbon basins. … More

    A Brand of "Independence" Only Obama Could Love

    President Barack Obama promised in his Oval Office speech that an “independent third party” would be responsible for overseeing the distribution of $20 billion in funds set-aside to compensate those harmed by the BP oil spill disaster. Apparently, though, “independence” is all in the eye of the beholder. When that … More

    What Obama Didn't Say

    President Obama keeps trying to make our electric bills skyrocket. Now he’s seized on the BP fiasco as an excuse to do it. According to Obama, the Gulf of Mexico gusher proves we need billions more to subsidize green energy.  That was the President’s claim in his big Pittsburgh speech. … More

    Morning Bell: Obama and the Oil Spill

    The infamous words “a crisis is a terrible thing to waste” were first uttered by President Obama’s Chief of Staff Rahm Emanuel last year, when he laid bare his intention to use the credit crisis to reorder the U.S. economy. This sentiment now seems to animate the President’s own intention to introduce … More

    Morning Bell: White House in Disarray

    A fudgelike goo coating Louisiana’s marshes. A thick oil slick stretching across the Gulf of Mexico. A plume of oil miles below the ocean surface. A tragic loss of life. Reverberating economic consequences. Throw in a poll that shows that 53 percent of Americans rate President Barack Obama “poor” or … More