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Oil industry attempts to co-opt ’99 Percent’ movement

A new radio ad campaign and website sponsored by the oil industry’s largest firms seeks to conflate union solidarity with the “Occupy” and “99 Percent” movements with the Keystone XL pipeline, which the White House delayed last week for approximately a year for greater study. Called “Jobs for the 99,”…

EPA proposes new rules on fracking

Prohibited from regulating hydraulic fracturing under the Safe Drinking Water Act, the EPA took to the air, proposing federal regulations to reduce smog-forming pollutants released by the fast-spreading approach to gas drilling. If approved as currently written, the rules would amount to the first national standards for fracking of any…

Big Oil ignoring crucial lessons from Gulf of Mexico disaster, experts tell AP

Oil industry and government officials could get caught flat-footed again by another deep-water blowout in the coming months because they have yet to incorporate many of the lessons learned during the BP disaster, experts inside and outside the business tell The Associated Press. For one thing, it could be another…

Bad Timing

CNN, this morning: Exxon Mobil earns more money than any company ever has, ever. American Petroleum Institute ad on CNN, this morning: “While America’s oil and natural gas industry earns less than many other industries…” That may be an ad that you want to pull on earnings days, guys.…

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