The major Western oil companies are finding it harder than ever to find new prospects even though they are enjoying strong profits and eager to

As giant oil companies like Exxon Mobil and ConocoPhillips get set to report what will probably be another round of eye-popping quarterly profits, just where is all that money going? The companies insist they're trying to find new oil that might help ...

Statistics Canada estimates that capital spending in the oil sands will reach almost C$20bn this year, more than the national investment in manufacturing. Oil companies have announced projects totalling more than C$100bn. ...

This article assails a "do nothing" Congress when it comes to the energy issue. As expressed in the article, the Democrats insist on "windfall taxes" on oil companies, a deal killer for Republicans, while the GOP insists on more drilling, a deal killer for Democrats. This passages in humorous: Some ...

Iraq invites oil investment but the majors stay away

Business persecution is alive and well in America. Both major party presidential candidates, Barack Obama and John McCain point to high gasoline prices and say, "Let's punish oil companies by stealing some of their profits." So much for common sense. Oil companies have to make a good percentage of p ...

Russia's Prime Minister Vladimir Putin has pledged billion dollar tax cuts for oil companies to encourage investment. On June 11, the International Energy Agency announced that Russia's oil production had hit 9.5 million barrels per day in the first ...

That allows the big business element to go blithely on their way without being questioned as they rape the economy and move their money into safe havens overseas....A refusal by oil companies in this country to drill on millions of acres they do have access, and a refusal to put any real money into alternative sources of energy h...

I guess it would have raised many billions of dollars in the short term, but the real reason was to get even with the evil oil companies. Let’s take their money. But take it from who? Who pays taxes? Can corporations pay taxes?...

Saved by Senate Republicans, big oil companies dodged an attempt Tuesday to slap them with a windfall profits tax and take away billions of dollars in tax breaks in response to the record gasoline prices that have the nation fuming.GOP senators... 0 ...