Today Valvoline revealed its new NextGen line of motor oil, which boasts a formula that is 50% recycled oil. This product’s creation is the result of Valvoline’s unique position in this market and a natural disaster that occurred almost six years ago.
While oil companies fund any effort that sabotages a shift to clean technology, many oil companies benefit from government largess. US producer subsidies reached US$52 billion, Canada cuts checks that total $US2 billion to oil companies, and even the European Union subsidizes oil production at the cost of US$8 billion.
Could oil rigs rise behind this distillery of single malt scotch? Anyone who believed that the Deepwater Horizon oil spill would force countries to take a second look at deepwater oil drilling of their coasts are mistaken. The United Kingdom’s government just gave Chevron the green light to start a divisive deepwater oil exploration project in the North Sea, near the Shetland Islands.
Probably not. Despite the oft-heard cliché, history does not repeat myself. But once again, an unpopular Argentine government is stirring up deep nationalistic feelings as a distraction from its failed policies. I have vague memories, around junior high years, when Argentina’s then-military junta, unable to tackle growing economic problems, diverted attention by invading the [...]
No matter what you think about fossil fuels, you have to admire Norway’s management of their gas and oil fuels. Unlike the squandering of oil fortunes in countries like Venezuela and Nigeria, Norway has used many of their oil revenues to prop up their welfare state. Since the 1960s, oil has allowed Norway to provide [...]
I despise bottled water and avoid it whenever I can. Sometimes you can’t help it—you go to an event or friend’s house, you get offered a bottle, you don’t want to be rude—so I usually end up taking it with me to be sure it gets recycled—and judging by the fact that our recycling bin [...]