oil

Chevron has become the second big oil company to abandon plans to drill for oil in the Great Australian Bight off the South Australian coast, a year after BP cancelled its plans to drill.

Oil companies say the Bight has similar potential to the Gulf of Mexico, site of the Deepwater Horizon oil spill of 2010, which was the largest marine oil spill in history and killed 11 people.

East Timor has taken Australia to the United Nations Conciliation Commission at the Permanent Court of Arbitration in The Hague under the United Nations Convention on the Law of the Sea (UNCLOS).

At issue is a permanent maritime boundary and the exploitation of oil and gas reserves in the Timor Sea — with East Timor accusing Australia of stealing badly needed resources that, by international law, belong to Asia’s poorest nation.

Three British oil companies are violating Argentine law by carrying out exploration efforts without permission from the state, Argentina says. Argentine Minister of Malvinas said on April 17 that an Argentine judge will soon open the prosecution against three British-based oil companies conducting exploratory activities in the Malvinas Islands, and possibly two others from the US. The Argentine government has stated that foreign companies are violating Argentine law by carrying out exploration efforts without permission from the state.

The huge multinational US oil corporation Texaco operated in Ecuador from 1964 until 1992 (Texaco merged with Chevron in 2001).

The corporation poured 72 billion litres of oil waste and 45 million litres of crude oil over 2 million hectares of land in Santa Elena province — land which included the Amazon rainforest, rivers and agricultural land.

Texaco just poured the oil into ground-connected pipes which just poured oil directly into the rivers and forests.

When unionised oil workers at the Tesoro Golden Eagle plant in Martinez, California walked off the job on February 1 to demand safer working conditions, they received some unexpected company on the picket line.

Since the start of the strike, which has expanded from nine to 11 refineries nationwide, environmental activists with Communities for a Better Environment have joined members of the United Steelworkers (USW) union for their daily protests outside the plant.

US media reported on February 14 that more than 4000 ground combat troops are heading to Kuwait. Reports indicate it could be the US’ largest ground force in the region.

The move comes as President Barack Obama is petitioning Congress for an Authorisation for the Use of Military Force (AUMF) against the Islamic State group.

Obama sent Congress the AUMF petition denying plans for a ground war, however the troops in Kuwait are prepared for any “contingency,” a Pentagon military source said.

Fires were still smouldering on the morning of February 17 as emergency crews assessed the damage after a train carrying Bakken crude oil derailed and exploded near the Mt Carbon area of Fayette County, West Virginia, the day before.

About 2400 people have been evacuated or displaced by the derailment, according to the Federal Emergency Management Agency, as the fire burned power lines.

The world has started looking at Kobane and the other two liberated cantons of what the Kurds call Rojava (Western, or Syrian, Kurdistan) since the resistance in Kobane liberated the town from the brutal Islamic State (IS) forces.

Their success is not good news for Turkish President Recip Tayyep Erdogan, achieving a symbolic victory against an underhanded ploy by Turkey’s regime to crush Kurdish resistance in Syria and weaken the Kurdish resistance against the Turkish state.

The Invisible Hand of Market
Cyclotimia
Released April 2014
www.cyclotimia.com

Russian electronic duo Cycloctimia's fascination for technology and sharemarkets has paid dividends – more than 10 satirical albums so far. Green Left Weekly's Mat Ward spoke to Max K, who describes his role as “keyboards, music, sampling and market rituals”.

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Tell us a bit about your childhood in Russia.

“It’s move over Olympic Dam with a massive shale oil find confirmed for Linc Energy in South Australia, which sent its share price into orbit,” the ABC’s The Business said on January 29, exulting at a big discovery of unconventional oil and gas near the remote town of Coober Pedy, 800 kilometres north-west of Adelaide.

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