Archive | May, 2010

IN SPACE - JULY 21:  In this satellite image p...

White House Covers Up Menacing Oil “Blob”

Image by Getty Images via @daylife In an exclusive for Oilprice.com, the Wayne Madsen Report (WMR) has learned from Federal Emergency Management Agency (FEMA) and U.S. Army Corps of Engineers sources that U.S. Navy submarines deployed to the Gulf of Mexico and Atlantic Ocean off the Florida coast have detected what amounts to a frozen […]

Continue Reading
Locator for Baffin Bay.

Greenland Proceeds with Plans for Offshore Drilling in Arctic Waters

Image via Wikipedia While the oil spill from a sunken drilling rig in the Gulf of Mexico threatens to become an environmental disaster, plans are proceeding for opening up new drilling territories in the iceberg-infested waters off Greenland. The island, an autonomous territory under Danish sovereignty, this week conducted an auction for 14 blocks in […]

Continue Reading

Kyrgyzstan Today: The New Administration’s Pressing Problems

KYRGYZSTAN TODAY Kyrgyzstan’s interim government, having toppled the corrupt regime of former President Kurmanbek Bakiyev in Bishkek on April 7-8, faces many daunting challenges, from the economy gutted by Bakiyev’s insiders to reestablishing security in the country. It is in the interest of the three major outside players there – Russia, U.S. and China, to […]

Continue Reading

The Cover-up: BP’s Crude Politics and the Looming Environmental Mega-Disaster

We have been informed by sources in the US Army Corps of Engineers, Federal Emergency Management Agency (FEMA), and Florida Department of Environmental Protection that the Obama White House and British Petroleum (BP), which pumped $71,000 into Barack Obama’s 2008 presidential campaign — more than John McCain or Hillary Clinton, are covering up the magnitude […]

Continue Reading

Syria Appeals For More Foreign Oil Money Yet Bureaucracy Remains A Questionable Obstacle

As Syria aggressively courts foreign investors to rescue its dwindling oil and gas sector, government corruption and problems settling disputes remain sticking points for some interested international players. But experts are divided over how contentious these obstacles truly are. Foreign oil firms face “some bureaucracy” in the petroleum industry but the situation has improved quite […]

Continue Reading