Should Big Oil get $18 Billion in subsidies when they're making record profits?
Top oil executives said Tuesday that despite their industry's record profits, Congress should continue granting them $18 billion in annual tax subsidies and expand drilling in areas that are now off-limits.
ExxonMobil Corp. Senior Vice President
Profits are short lived in the energy industry as it is extremely cyclic and is misleading. Much of the so called profits go into research on finding better ways to find energy sources, upgrading equipment that has been neglected for 20 years of low
Recent data from the US Census shows that 75.61% of Maine's homes use #2 heating oil. This is by far the highest proportion of heating oil dependency of any state. The table below shows this fact and also shows that Maine has very limited access to
By Robbie Diamond Here is the dirty secret of oil dependence: there is nothing the president can do today to mitigate the pain caused by spiking oil prices. Our complete and utter dependence render us powerless: once the spike happens,
One issue here is Japan's high dependency on oil. A paper just published by Andrew DeWit and Iida Tetsunari points out that: “Japan relies on oil for 44% of its primary energy. It also gets over 90% of its oil from the unstable Middle East.