Big Oil naturally is delighted when oil prices rise, but Exxon Mobil’s future seems even more tightly wound to it for an additional reason: its chemicals business. Higher crude prices are good for petrochemical producers weighted more heavily toward North America and the Middle East—such as Exxon—because those gains make […]
Oil
A refinery in Norco, Louisiana, U.S. Photographer: Luke Sharrett/Bloomberg Photographer: Luke Sharrett/Bloomberg The global network of tankers, pipelines and refineries that makes useful fuels out of crude oil is built on long-standing patterns of consumption: so much gasoline for the world’s drivers, a certain amount of diesel for trucks and a […]
FILE – This Jan. 14, 2015 file photo shows oil pump jacks in McKenzie County in western North Dakota. President Joe Biden shut down oil and gas lease sales from the nation’s vast public lands and waters in his first days in office, citing worries about climate change. Now his […]
SIR David Attenborough was reportedly ‘furious’ to find out he’dbeen mixed up in a cannabis oil scam. The beloved Our Planet presenter, 94, was alerted to a fake ad using his name and image by a fan, who had bought CBD oil from its Facebook page and been overcharged. 2 […]
Momentum rising against Big Oil Ed Potosnak is right (“More NJ cities should follow Hoboken’s lead, sue Big Oil”). ExxonMobil and other Big Oil companies deserve to be held accountable for misleading the public for decades about the climate change damages they knew their products would cause. However, he understated […]