Abandoned pump. What the slump in oil prices means for Big Oil

Plummeting Prices, Slumping Profits and the Future of Big Oil

It may seem good for the consumer filling up at the pump, as average price for a gallon regular gas hovers just over $1.70, the first time prices were below $2/gallon since March of 2009. But what does it mean for the long haul when all the oil majors report precipitously declining profits in the face of plummeting oil prices? As Richard Matthews …

View Post
The right of access to clean water extends even to cities in the developed world

The Irony and Tragedy of Failed City Infrastructure Laid Bare by Poor Decision-Making

Old pipes, faded records and a devil-may-care decision process “When are you gonna fix it? And I mean fix it right,” asks Hattie Collins of city and state government officials of Flint Michigan in a recent NPR report by Ari Shapiro.  The task of fixing corroded water pipes after officials allowed the pipes to poison the city water supply becomes …

View Post