British oil giant BP said on Wednesday that it had agreed to sell its stake in China’s Yacheng gas field to the state-owned Kuwait Foreign Petroleum Exploration Company (KUFPEC) as part of a divestment programme.
Remember the phrase "peak oil" that was bandied about by doomsayers just a few short years ago? The notion that the world was about to imminently run out of oil, and that would be the end of cars, planes and trains and everything else that runs on petroleum? "Peak oil" today sounds about as ludicrous as a similarly
Former BP geologist: peak oil is here and it will 'break economies'
A furor arose when the Gas Drilling Awareness Coalition and other nonviolent groups were listed in state-issued security bulletins in prompting the resignation of the state's Homeland Security director.
awesome Previous Peak Oil Travelling In direction of Transition Animation by Anita Sancha