Job cuts reach into oil sector

Job cuts that have afflicted almost every sector of the economy reached into the oil industry Thursday, as the biggest oilfield service providers said they were cutting employees.

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Reporting from Denver - Interior Secretary Ken Salazar said Thursday that only 17 of 77 oil and gas leases on Utah public lands that the Bush administration auctioned off in December were valid and that his agency would prevent development on the remaining parcels, at least in t …

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Venezuela has announced a $16bn (£10bn) investment deal with China for oil exploration in the Orinoco river. The move comes shortly after Venezuela signed a similar agreement with Russia, which is estimated to be $20bn (£12bn).

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It was probably only a matter of time, but the oil lobby has taken a page from the anti-health-care-reform manual in an effort to drum up opposition to climate change legislation in Congress.

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Amazing clip of tobacco institute PR spin from 1982 -- it all sounds strangely familiar to the language used on the war against global warming science.

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Treasonous Oil Speculators Attempt to Humiliate President Barack Obama

The oil speculators and the oil industry are attempting to give President Barack Obama a lesson in humility, We control the global economy and we will encumber your economic stimulus programs to demonstrate our economic prowess.

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Fourteen years after the execution of the Nigerian author and activist Ken Saro-Wiwa by Nigeria's former military regime, Royal Dutch Shell will appear before a federal court in New York to answer charges of crimes against humanity in connection with his death.

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Overall, oil and gas industry players spent $37.3 million to lobby the federal government in the first three months of this year, 52 percent more than they did on average for the quarterly reporting periods in 2008, according to a CQ analysis of lobbying disclosure reports recent …

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Venezuela's President Hugo Chavez has announced plans to nationalise companies that provide services for the country's oil industry. The state oil company has recently clashed with foreign and local service providers over the prices they charge.

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The Obama administration's push to raise taxes on the oil industry is reigniting a battle the industry fought and won last year.

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"These CEO's, these captains of industry, in my opinion, if they don't change their tactics they're guilty of crimes against humanity and nature", said Dr. James E. Hansen in a briefing to House Democrats.

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Is the oil industry in the midst of testing President Barack Obama's guts?

Is the oil industry in the midst of testing President Barack Obama's guts with their escalating gasoline price? The layoff report on the evening news is comparable to the weather report for each day we expect to hear of thousands of people losing their jobs.

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How Big Oil, the Automobile Industry and Government Created the Mess We Are In - Roaring Engines and Reckless Speed Prevented Sensible Debate

Governments in the United States have dislocated industries for a very long time. However, no dislocations have taken place for as long and at such terrible costs than the most unholy of them all.

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"As George W.

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What The Economic System Doesn't Want You To Think About Auto Efficiency and Driving Speed!

Imagine, 400 million drivers driving 10,000 miles per year at an average 25 miles per gallon changing the type of vehicle they drive which increases the mpg to 40 miles per gallon. The reduction in fuel consumption would be 60 billion gallons of fuel per year a 37.5% reduction.

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Dramatic Rescue From Drilling Platform -- Worker suffers head injury on drilling rig.

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The House of Representatives on Tuesday night passed an energy bill clearing the way for more oil drilling off U.S. coasts, but not nearly as much as Republican leaders wanted. The bill was passed by a vote of 236-189.

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Under fire for high gas prices, the industry is spending record amounts on influence in Washington. Plus: How it's playing in the presidential race.

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Exxon Mobil reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation, but the results fell well short of Wall Street expectations and shares fell in premarket trading.

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On July 14, the chief prosecutor of the International Criminal Court took the first steps toward indicting Sudanese President Omar al-Bashir.

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Standing on the Bridge to Dependence

If you ask Harry Reid or Nancy Pelosi who is to blame for the price of oil, you are guaranteed a reference to the evil oil speculator. They are even considering legislation to "rein in energy market speculation blamed for high oil and gasoline prices." Harry Reid says:

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The move is largely symbolic because there is also a federal law banning offshore drilling. Bush has been pushing Congress to repeal the law passed in 1981. "There is no excuse for delay," the president said in a Rose Garden statement last month.

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Global warming - okay maybe it does exist, but do I give a ---- ? I've got friends to think about, friends running big oil companies, friends in manufacturing. Come on folks, get real.

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Of the 90 million offshore acres the industry has leases to, it is estimated that upwards of 70 million are not producing oil, according to both Democrats and oil-industry sources. ............... But fearing oil prices will eventually fall, the industry is leery about making t …

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Offshore drilling will lower the price of gas only after 10-15 years of drilling. and even then maybe by 10 dollars per barrel . This is just another republican ploy to get something they have wanted all along - more opportunities for the oil industry.

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BP on Thursday accused its Russian partners in TNK-BP of 1990s-style "corporate raiding" and said they were trying to seize control of its Russian oil joint venture.

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