Gouging in the Name of Peak OilOil companies posting huge profits, taking advantage of the perception of scarcity from Hubert's Peak theory that may actually be mostly hype, considering the known existence of renewable magma oil.
At a time when the price per barrel of oil is reaching record highs, why is it that the large oil companies are also posting near record profits?
Why aren't they using their proceeds to lower the price or address the shortfalls? Why are these companies allowed to get awa... (more)
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Finding solace in $3-a-gallon gasHigh gas prices are a doomsayer's delight. Trips to the mall are fewer, vacations shrink, heating bills rise, inflation rises, the economy slumps. Those harmful effects need to be addressed, but in the long term, such prices can actually serve consumers.
If oil prices manage to stay above $40 a barrel for years, which many experts now say is possible, then the alternatives to oil, from solar cells to liquefied coal, look very attractive to energy investors. (Current oil prices see... (more)
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Lethal hospital bug cases rocketThe number of cases of a potentially lethal hospital infection has rocketed since the 1990s, figures show.
The Department of Health has revealed there were 44,488 cases of C. difficile in over 65s in England last year.
It was the first time mandatory surveillance of the diarrhoea-causing infection has been undertaken.
In the early 1990s there were about 1,000 cases a year, but by 2003 the total rose to 35,536, England, Wales and Northern Ireland data ... (more)
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Deal ends Ecuadorian oil crisisA crippling strike in Ecuador's oil industry has come to an end after protesters reached an agreement with the government and oil companies.
The oil firms promised to invest more money in local communities in the two provinces most affected by the action.
The protesters had paralysed the oil industry and cost the government some $400 million in lost revenue.
The protesters sought an increase the amount of oil revenue invested in the region surrounding... (more)
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Colombia lawmakers 'use cocaine'Some of Colombia's elected politicians have used cocaine within Congress itself, the vice-president of the country's Senate has alleged.
The drug is also being sold there, Senator Edgar Artunduaga said.
"I know names of people who distribute cocaine here in Congress," he said, revealing the results of an investigation ordered by his office.
"There are important officials who distribute, and senators and representatives who consume," he said.
... (more)
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Oregon poised for unlikely military draftThere is no military draft and federal officials say there are no plans to restart one, but if that changed suddenly, Oregon's system could spring to life quickly, board members say.
"There's a system in place, ready to go," said Mike Weatherby, the mayor of Fairview and a member of the statewide Selective Service appeals board. If a national draft was suddenly instituted, he said, "it would have some hiccups, some stumbling, but it would work."
While the U.S. milit... (more)
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FoxNews Gives Family’s Address On Air, Claims Terrorists Live ThereSINKING EVER LOWER....Just when you thought cable news couldn't sink any lower, cable news sinks lower. Two weeks ago, Fox News wrongly identified the house of Randy and Ronnell Vorick as a terrorist lair:
In what Fox News officials concede was a mistake, John Loftus, a former U.S. prosecutor, gave out the address Aug. 7, saying it was the home of a Middle Eas... (more)
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