Amidst this there was drama too: During the course of the summit a leaked document showed that the world leaders were about to sign a document giving more authority to rich nations and sidestep UN from the picture-in essence, it meant more power to rich countries. This draft supposedly gave control to the World […]

Today’s supertankers can transport 2 million barrels of oil, more than what the UK consumes in 1 day. TONY D’ALTORIO | 2009/12/23 People have been scratching their heads wondering why the price of oil has held up relatively well this year in the face of a global slowdown and decreased energy demand in the United […]

Multi million-dollar offshore drilling platform MERLIN FLOWER | 2009/12/16 Among all the undertakings in the world, this could rank as one of the riskiest ventures-oil drilling. Here’s a sampler for what we are talking about from Mukluk Island: In 1983, twelve companies spent nearly $2 billion drilling for oil in the Beaufort Sea, North of […]