Posts Tagged ‘Oil’

Oil subsidies total $500 Billion a year globally

Posted Monday, April 26th, 2010 by admin

Oil and gas subsidies total $500 billion a year globally!!

Why are global governments subsidizing the most profitable corporations in the world?

Seven of the top 20 most profitable companies worldwide were oil companies in 2008 – and their cumulative profit roughly equaled the other 13 companies added together.

Subsidies to green energy sources are only 6-9 cents on the dollar compared to oil and gas subsidies.

In this special presentation on Corporate Knights web site learn all the details at http://bit.ly/8XsLau

Oil & Gas Subsidies worldwide total $250 Billion

Posted Tuesday, December 8th, 2009 by admin

Oil and gas subsidies worldwide total $250 billion. Peak oil is upon us. Why companies need to become energy and fuel efficient now. See my National Post column at http://bit.ly/8FU5fH

Future oil shortages are being purposely underestimated

Posted Friday, November 20th, 2009 by admin

The International Energy Association (IEA) released its World Energy Outlook to controversy on Nov. 10. The U.K.-based Guardian newspaper quotes IEA sources admitting the agency’s figures for future oil production were inflated because of U.S. pressure. The two separate sources within the IEA want to remain anonymous because they feared reprisals. Now why does this matter? Put simply, future oil shortages are being downplayed.

Read the full article at: http://bit.ly/7gbQYD

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