Tag Archives: oil

Amazon Increasingly Oily

By Milagros Salazar*
LIMA, Aug 28 (Tierramérica) – More than 180 oil and natural gas fields extend across the western Amazon, shared by five South American countries and threatening biodiversity and indigenous lands, warns a study by U.S.-based organisations.

Peru is the most worrisome case: 72 percent of its jungle territory overlaps with plans for exploiting fossil fuels, says the report “Oil and Gas Projects in the Western Amazon: Threats to Wilderness, Biodiversity and Indigenous Peoples”, published Aug. 13 by the open-access online scientific journal PloS ONE. Continue reading Amazon Increasingly Oily

Riches in the Arctic: the new oil race

The Independent

New geological surveys show as much as a fifth of the world’s undiscovered but exploitable gas and oil reserves lie under the Arctic ice. As the ice melts, the pristine wilderness could become ‘the new Houston’.

By Michael McCarthy

It is the increasingly rapid melting of the Arctic sea ice which is opening up the possibility of the once frozen wasteland providing a natural resources and minerals bonanza The future of the Arctic will be less white wilderness, more black gold, a new report on oil reserves in the High North has signaled this week. The first- comprehensive assessment of oil and gas resources north of the Arctic Circle, carried out by American geologists, reveals that underneath the ice, the region may contain as much as a fifth of the world’s undiscovered yet recoverable oil and natural gas reserves. Continue reading Riches in the Arctic: the new oil race

Marking the Africa Day May 25; Africa Must Produce or Perish

News from Africa

Tuesday, 13 May 2008
13 May 2008 – Philip Emeagwali

Imagine that it is May 25, 2063, the 100th anniversary of Africa Day, a day for reflecting on Africa’s successes and failures. The newspaper headline announces, “Last Remaining Oilfield in West Africa’s American Territory Dries Up.” Continue reading Marking the Africa Day May 25; Africa Must Produce or Perish

Hands off our oil

New Internationalist

Five years into the war and occupation of Iraq, and following five missed deadlines, the proposed Iraqi Oil Law remains off the statute books, despite the best efforts of those whom it would benefit. The law would allow foreign oil companies to control the extraction, production and depletion of Iraq’s oil reserves for a generation. Furthermore, it would allow sectarian élites, who already enjoy both military and political power, to sign their own contracts with oil companies, thus reinforcing their long-term economic control. Continue reading Hands off our oil

Peru moves to end Amazon protests

BBC

Peru has declared a state of emergency in jungle areas where indigenous groups are blocking oil and gas installations in protest at a new land sale law. The measure allows the authorities to send in troops and bans public gatherings for 30 days. Some 65 Amazon tribes say the law will make it easier for big energy companies to buy up their land, parts of which are known to be rich in oil and gas. The indigenous people have been demonstrating for more than a week at hydro-electric dams and oil and gas installations in three different parts of Peru’s Amazon basin.They are angry at a law which they say makes it easier for investors to buy their land because it lowers the bar for consent from two-thirds of a community assembly to a simple majority.

The legislation is one of a number of laws being passed as part of Peru’s free trade agreement with the US. More