The move towards more exploration is aimed to reduce oil imports MERLIN FLOWER | 2010/04/15 Here’s a simple question in Economics: If Exxon Mobil, the largest U.S. energy company, made a profit of $35 billion, and if the income tax paid is $15 billion at a tax rate of 47%, how much did it pay […]

“This is not a decision that I’ve made lightly” Mr Obama said, aware of the objection from environmentalists. “But the bottom line is this: given our energy needs, in order to sustain economic growth, produce jobs, and keep our businesses competitive, we’re going to need to harness traditional sources of fuel even as we ramp […]

At present, China is the fourth largest oil producer in the world MERLIN FLOWER | 2010/03/31 China, it seems, is everywhere. In what has become a routine, not a day passes without a mention of China in the news, in everyday conversations and predictions. As the next superpower, the country is wielding clout in every […]