The Interior Department, which controls oil and gas collected from US taxpayer-owned coastal waters, has been plagued with shocking ethical abuses, according to a government investigation. Violations range from giving contracts to a retired employee instead of allowing for competitive bidding to substance abuse and promiscuity.
The report states that officials “frequently consumed alcohol at (oil) industry functions, used cocaine and marijuana, and had sexual relationships with oil and gas company representatives.” Officials also allegedly accepted gifts from energy companies that exceed ethics rules, such as golf, meals and drinks, and tickets to a Toby Keith concert.
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Energy Imperialism? Is the Georgian Conflict All About Oil? Could the Kremlin's latest bid for energy dominance boomerang and finally wake up the West? The prevailing wisdom says Russia's military incursion into Georgia was really all about "energy imperialism."
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Thanks to rising oil prices, Iraq will enjoy a $79 billion surplus by the end of the year, according to a report requested by a bipartisan group of senators. While the US has spent $48 billion in American taxpayer money on Iraq's reconstruction since 2005, Iraq has spent only a fraction of its oil revenue on reconstruction projects. And, Iraq spent only 1 percent of its 2005-2007 budget to maintain existing projects already funded by Americans or Iraqis.
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Dragging his feet this weekend, Barack Obama changed his tune on offshore drilling. Obama said he would be willing to support drilling in the Gulf of Mexico, in exchange for a comprehensive alternative energy plan which would include ending oil company tax breaks, and extending tax credits to those searching for alternative fuels.
Explaining his shift, Obama said: "What I will not do, and this has always been my position, is to support a plan that suggests this drilling is the answer to our energy problems.
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President Bush thinks offshore drilling might be the Nicorette gum America needs to kick its oil addiction. Yesterday Bush lifted the executive ban on offshore drilling imposed by his father, removing one hurdle for exploration.
Bush explained:"This means that the only thing standing between the American people and these vast oil resources is action from the US Congress.
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I'm saying it right now: T. Boone Pickens for president. The former oil-man-billionaire-turned-wind-power revolutionary is suddenly everywhere and it's like a breath of fresh air.
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Russian President Dmitri A. Medvedev is in no mood to listen to US criticism about the state of human rights or democracy in Russia. This week he said that the US was "essentially in a depression" and thus in no shape to tell other countries what to do.
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Being a curious creature, I like to compare things. Recently, I decided to focus on cooking oil. I tend to use 
