DrumBeat: August 24, 2007
Posted by Leanan on August 24, 2007 - 9:08am
Topic: Miscellaneous
Pemex to Begin Restoring Oil and Gas Production August 24 (PDF)
Mexico’s Dos Bocas and Coatzacoalcos oil export terminals reopened to shipping on August 23 after closing due to Hurricane Dean since August 21. The Cayo Arcas terminal remained shut on the morning of August 23 due to strong winds. According to Pemex, it is too early to say how quickly normal oil exports will resume. The company said in an August 22 press release that it had an inventory of 10.5 million barrels of crude oil that it would load onto tankers once ports reopen. The release also said that company has begun returning workers to offshore platforms in the Campeche Sound, and would begin restoring 2.65 million b/d of oil production and 2.23 Bcf/d of natural gas production on August 24. Barring major damage, Pemex hopes to restore 80 percent of production by early next week and reach to full production later in the week. Pemex began inspecting platforms in the afternoon on August 22 but has not yet reported any damage.
Climate change is certainly changing people's lives in the Arctic. The rising temperatures in the spring and summer months have resulted in an astonishing demand for air conditioners. "The day Arctic people buy air conditioners, you go, 'Something's wrong here!'" She explains that Arctic homes and offices are designed for the cold and therefore do not lose the heat. "Two springs ago, temperatures hit 35C near my home town. Inuit elders had to wet their sheets with cold water in order to help them sleep because it was so hard to breathe." As a child, Watt-Cloutier does not recall wearing shorts or T-shirts in the summer or bathing in the river. "Today, we can go weeks on end at 25 to 30C when the community swim in the river in bathing suits."
Preparing Australian Agriculture for Rising Energy Costs and Water Insecurity
Conventional agriculture has evolved to the assumption that oil and gas will always be cheap. Large amounts of energy are used in food production making agriculture the third largest energy consuming sector globally. Most people would be aware of the diesel fuel requirement to power the machinery used in crop production. What they would not be aware of is that diesel use is only a small component of the total energy demand in primary production. It is in fact through the manufacture of nitrogen fertilizers used to fuel crop growth where the largest energy liability accrues. To put it into visual perspective, it takes the energy from roughly one litre of oil to produce one kilogram of urea, the most widely used nitrogen fertilizer. To grow wheat in Australia, the energy equivalent from roughly 150 litres of crude oil per hectare is required just to account for nitrogen demand. Then of course there are the petrochemicals and energy required for herbicide and pesticide manufacture.
Myanmar's junta continues arresting protesters, but makes concession on bus fares
Anti-government demonstrators in Myanmar faced more arrests and intimidation Friday, but their protests against economic hardships achieved some success as the government ordered a rollback of bus fares that had been hiked along with fuel prices.
More Bearish Economic Trend Negatively Impact Oil Demand
Despite the calls to open taps, OPEC continues to tread a cautious course. With the world oil demand projections put forward by various stake holders falling into a still more widening range, global economic woes coming to surface finally and the crude prices falling, uncertainty in the market seems steering the OPEC to maintain the status quo.Global markets are definitely in a spin, with some hinting at a recession down the road. Doubts about the global crude demand growth are now being circulated.
LATE IN HIS presidency, George Bush finally brought himself to lament the nation's addiction to oil. But neither he nor leading Democratic politicians have ever rallied the country to break its addiction to a more lethal form of energy: coal, which supplies half the nation's electricity.
Industrial Agrofuels Have No Future; Does Food?
Advocates claim that cellulosic ethanol has a positive energy return – that is, the magnitude of energy required for biomass production and conversion is smaller than the magnitude of energy displaced by the ethanol produced. And this claim has been carefully crafted to convey the idea that (a) cellulosic ethanol can replace fossil fuels, and that (b) we should be happy with this new technology, because cellulosic ethanol is an energy-positive fuel and therefore, the more we drive the more we save.This is clearly not the case. The positive energy return proposition assumes that fossil fuels alone are the limiting factor in the production of an agrofuel, and that all other factors are limitless, and therefore irrelevant.
GM tests engine that could raise fuel economy
General Motors Corp. says it is testing a new combustion process that could increase fuel economy in conventional engines by up to 15 percent.The announcement comes as fuel economy has become a increasingly important issue as gasoline prices have risen. Foreign automakers have captured a bigger share of the U.S. market in part by emphasizing fuel efficiency.
The World's Sole Superpower in Fast Decline
Yet there are other explanations -- unrelated to Washington's glaring misadventures -- for the current transformation in international affairs. These include, above all, the tightening market in oil and natural gas, which has enhanced the power of hydrocarbon-rich nations as never before; the rapid economic expansion of the mega-nations China and India; the transformation of China into the globe's leading manufacturing base; and the end of the Anglo-American duopoly in international television news.
Pitt envisions day when energy bills will be ‘useless'
Brad Pitt wants to make energy bills go away, and he doesn’t think that’s an outlandish pipe dream. In the second part of an exclusive one-on-one interview with TODAY’s Ann Curry, he showed how the new houses he’s helping to build in New Orleans will make a giant stride toward that goal.
Priority changes on green policies
"Congress is putting its money where its mouth is," said Lowell Ungar, senior policy analyst at the Alliance to Save Energy, a Washington coalition of business, consumer, environmental and government leaders. "They are devoting real resources to trying to address the problem of climate change."
Changes in human behavior blamed for new ills
A ballooning world population, intensive farming practices and changes in sexual behavior have provided a breeding ground for an unprecedented number of emerging diseases, the U.N. health agency said Thursday.
BP says it won't increase pollution
BP backed down Thursday from its plans to dump more pollution into Lake Michigan, but critics want the oil giant to ensure its promises are legally binding.Responding to a month of unrelenting criticism from politicians and the public, BP pledged it will not invoke provisions of a new permit that allows the largest oil refinery in the Midwest to release significantly more ammonia and suspended solids into the lake.
Aramco sells fuel oil at record high
"The strike price was quite shocking, to say the least. I don't think we have ever quite seen A961 done at premium levels before. It was quite keenly contested this time and Koch managed to pip everyone because I think they have some freight advantage," a Singapore-based Asian trader said.
Myanmar cracks down as protests spread
Myanmar’s military government quashed a new protest on Friday by pro-democracy supporters in downtown Yangon, as activists said the demonstrations had spread to other parts of the country.A group of 20 demonstrators, mainly women, had gathered near Yangon’s city hall to rally against a massive hike in fuel prices that has sparked the most sustained protests against the junta in at least nine years.
“They were arrested before they could do anything. They had just started walking,” said an activist who witnessed the incident.
ASEAN energy ministers gear up for ASEAN power grid
To battle the global energy price crisis, Southeast Asian energy ministers have agreed to form a regional ASEAN power grid and to work closely with the Organisation of Petroleum Exporting Countries (OPEC) to keep costs manageable.
German Biodiesel Industry Peaks, Trouble Ahead
Germany's biodiesel production capacity is set to rise to a record 5 million tons in 2007, but analysts have warned that the boom in the country's biodiesel industry is coming to an end after the industry failed to block the government from rolling back a key tax relief scheme in court this July.
An Israeli company drills for oil in algae
There may be a revolution blowing our way: The Israeli company Seambiotic has found a way to produce biofuel by channeling smokestack carbon dioxide emissions through pools of algae that clean it. The growing algae thrives on the added nutrients, and become a useful biofuel.
Innovation needed to replace aging bridges, reduce traffic congestion
We know that building new roads isn't the answer - there's no place to put them, for one thing. And there is no single solution that will reverse the growth in our local traffic congestion - this is going to take some fresh thinking and innovative ideas. Fortunately, San Francisco has no shortage of those.
Lukoil reportedly cuts oil supplies to Germany by one third
Talking to Dow Jones Newswires, Grigorev later confirmed that the shortfall was from Lukoil and several smaller oil companies, adding that it was not linked to any repair of the pipeline through which the oil is exported to Germany."Maybe they're looking for another market," Grigorev said.
A Lukoil spokesman declined to comment, but said a statement would be released in the coming days.
Sprawl exceeds reach of hydrants
When Robert and Tammy Weber bought their dream home in 2004, they didn't give a thought to the fact that the nearest fire hydrant was more than a mile away."Having the entire house burn down is one of those things you don't ever think is going to happen to you," Robert Weber says.
On July 17, that's exactly what happened. Three tankers of water couldn't put the fire out in their late 1990s subdivision house.
Is it more sustainable to live in the middle of a city or in the middle of the countryside?
This year, for the first time in human history, according to the UN, there will be more people on the planet living in cities than in rural settings. It is true that city dwellers have a much greater opportunity to reduce their transport emissions, say, by benefiting from better public transport networks. But is this cancelled out by the increased need of city folk to use, say, air conditioning in high summer? And what about all the food that needs to be imported?
Rule to Expand Mountaintop Coal Mining
The Bush administration is set to issue a regulation on Friday that would enshrine the coal mining practice of mountaintop removal. The technique involves blasting off the tops of mountains and dumping the rubble into valleys and streams.
Japan Seeks to Share Oil Reserves with Neighbors in Emergencies
Japan aims to implement a program that will allow countries in East Asia to share oil reserves when disaster strikes, The Nikkei learned Wednesday.As a first step, the Japanese government will begin negotiations for such a program with New Zealand. The Ministry of Economy, Trade and Industry believes that an emergency-oil-sharing program in East Asia, where demand for oil continues to soar, will help stabilize oil prices and the region's economies when shortages hit.
South Korean carmakers facing tough times, Hyundai says
South Korea's auto industry is facing increasingly tough times due to the strong won, high oil prices and sluggish domestic consumption, an executive of the biggest carmaker said Friday.
There is no road to a sustained, desirable human future that does not include enlightened self-sacrifice and voluntary simplicity as we learn to live well and sustainably in a post-modern age. The obstacles include vile talking heads such as Rush Limbaugh and Sean Hannity; that as evil incarnate stupidly and in an ill-informed manner defend a system careening towards planetary self-immolation. And in my opinion only slightly less damaging to long-term planetary prospects are Madonna, Al Gore and Leonardo DiCaprio -- knowing there is an urgent crisis, using their formidable skills to communicate it to others, but showing unwillingness to lead by example and check their own opulent conspicuous consumption.
Renewable energy can save East Asia two trillion US dollars in fuel costs
Shifting to renewable energy could save countries in East Asia as much as two trillion US dollars in fuel costs over the next 23 years, or more than 80 billion dollars annually, environmental group Greenpeace said Thursday.A shift from oil and coal could also reduce carbon dioxide emissions by 22 percent in the same period, it said in a report released to coincide with a meeting of Association of Southeast Asian Nations (ASEAN) energy ministers here.
Urgency and Global Warming: An Interview with Martin I. Hoffert
There will always be those who challenge disturbing facts no matter how good the science. Many Americans don’t believe in evolution; some geologists don’t accept plate tectonics, and some think the NASA Moon missions were a hoax. Self-interest can also create cogitative dissonance between what one wants to believe and what is. Some smokers kept insisting smoking doesn’t cause cancer or heart disease after the Surgeon General’s Report. An African leader who perhaps can’t afford proper drugs holds that the HIV virus doesn’t cause AIDS. Should people die from disinformation and delusions? So what if some don’t believe in global warming? They’re wrong. Survival of high tech civilization is at stake. Time to stop dithering and get serious about policies that could make a difference.
Bush climate meeting must stay within UN fold: official
The UN's top climate change official said Thursday it was crucial for George W. Bush to keep efforts to curb global warming within a UN framework, as the US president prepared to host a meeting of the world's top carbon polluters."It is important that the United States is bringing together the group of major emitters to talk about the kind of reductions they can commit to," said Yvo de Boer, head of the United Nations' Framework Convention on Climate Change (UNFCCC).
"But what is even more important is the US indication that ultimately their intention is to bring this back to the UN process," he said in an interview with AFP.
Climate fight must be won in developing nations: UN
More than two thirds of cuts in greenhouse gas emissions needed by 2030 to fight climate change will have to come from developing countries, the United Nation's climate change secretariat said on Thursday.



A new Round-Up has been posted at TOD:Canada.
With arctic sovereignty increasingly in dispute due to potential oil and gas discoveries in a warmer world, the various interested parties seem almost desperate to stake their claim (and some are apparently more desperate than others). Meanwhile sovereignty debates continue further south at the Montebello SPP summit.
Danny Williams (one scary poker player), finally suceeds in securing a deal on the Hebron field after calling the oil companies' bluff. They said they had plenty of other opportunities if Newfoundland wouldn't play ball, but in a peak oil world Williams said they'd come back to the table, and they did.
As for the developing credit crunch, risk appears less and less contained over time, as international concern grows over the highy-rated 'assets' derived from the American mortgage market. Even money market funds are beginning to experience a flight to quality.
Russian arctic images 'from Titanic'
The lunar landing conspiracy theorists are going to have a ball with this. I'll bet they are all huddled around their Buck Rogers tapes looking for clues right now. LOL
this concept of drilling the north pole demonstrates just how bizzar our consumption has become.
.......buy, consume, marry and reproduce.... do not question authority move to a vinyl sided house in the burbs........ drive an suv consume...... c o n s u m e..... c o n s u m e
Re: Russia cuts exports to Germany by 1/3
This may be the first big time real world confirmation of WesTexas's Export Land Theory. It may also signal that Russia will shortly be unable to export much at all.
Bob Ebersole
I believe you are right Bob. I would like to add that if Russia does have excess oil capicity to export, they will probably use it to supply consuming members of the SCO, not members of NATO. More political 'above ground' effects showing up. This practice will not effect WTs ELM overall numbers but could increase political and economic tensions dramatically between members of the SCO and Nato.
River,
Considering the horror and distruction cause by the German invasion of the Soviet Union 64 years ago, I wouldn't doubt there is a little lingering resentment making it easier to cut the Germans first.
That's why the Iraq war is going to be our Achille's heel going forward. With the two million deaths attributed to the US/UN embargo in the 1990s and the deaths attributable to this war, as soon as the troops leave we'll never get another drop of Iraqi oil.They'll just choose to do business with the Chinese or Pakistani's first.
The world energy dynamic has totally changed as we peak in production of liquid hydrocarbons. Demand has begun to exceed supply for the last couple of years, oil prices trending up without a big fall just proves the point. If there were a cheap substitute news of the substitute would already be circulating in the crowd that hangs out at TOD. Of course absence of news or a rumor isn't scientific proof, but its a damn good indicator.
Somehow the military industrial complex cheerleaders don't recognise that our past and ongoing behaviour counts. If I were a Moslem in the Middle East I'd be forced to conclude that the US hates Islam. We unswervingly support the most agressive elements of Israeli foreign policy and commit what can only be discribed as genocide, and that's not going to count in our business dealings with them? For the first time in our history except the extermination of our Indian tribes we openly support and encourage torture and they're not supposed to notice?
Once our Army leaves Iraq I expect an embargo. Its the only way the world can defang the US military. That's why we have to start mitigation now, and its going to have to be on a personal basis because our government is so deceptive, paralised and disfuntional. Bob Ebersole
Glad to see Americans coming around to this perspective.
American unilateralism and the misguided attempt to export the American way of life at the end of a rifle does nothing more than eliminate any last vestige of sympathy for America and her problems.
After 9-11 a French newspaper declared "we are all Americans now." America's response was ridicule and rejection.
The current headlines should read "we are all Venzeluan's now." Better that then suffer the fate of the Iraqui people at the hands of Saddham Bush: 60,000 lives and still counting.
A lot of Americans are dismayed at what the bastards are doing. I thought of leaving the country when Bush was reelected, but I decided it would be better to stay here and work to defeat the scumbags.
Dear New Account -
I don't know where you live, presumably outside the U.S. To me, your comment seems typical of people who don't realize how much deeply felt opposition there is to this Administration and it's policies.
Problem is, the Bush Administration and their supporters have perfected the "shout louder" strategy of so-called public discourse. That has made it exceedingly difficult for dissent to be seen and heard.
I have never heard that expression before, but it is very appropriate!
...60,000 lives and still counting.
Were it only so. You are missing a zero at the very minimum.
The Bush administration is an embarrassment to every American, with the exception of our disloyal Christian Right. Please don't imagine he speaks for us - 75% of us would like him out of office next Monday if not sooner.
9/11 was a terrible event brought on by the Bush administration's stupidity at the very least and perhaps studied indifference to the deaths of a few of the "little people" in order to further their ends.
We had a golden chance to declare a new age on 9/12/2001. Instead we set the clock back a hundred years so George could have his chance at the so called "Great Game".
The character the Bush administration has displayed is more appropriate for a rickety west African kleptocracy than the world's last surviving super power.
Please forgive us ...
Absolutely Bob, when a government fails to act in the best interests of 98% of its constituents, how can it claim legitimacy? As far as I can tell our government is now serving the interests of the American elite (2%) and the multinational corporations...one and the same thing. To make matters worse the opinion of ex-cia analyst Ray Mcgovern is that Rove stepped down because he doesnt want to be around to explain why we invaded Iran. Tony Snow is reportedly leaving for the same reason. Seems that Cheney is going to get his way once again.
http://www.antiwar.com/mcgovern/?articleid=11481
River,
The other explanation is that Rove was thrown off the sleigh to the following pack of wolves. They may think he's about to get indicted for the CIA leak.
I don't know what we're going to do. Its too late for an impeachment, if you recall, Watergate took more than a year and those crazies are talking about tactical nukes in Iran now. In my more paranoid moments I think the want to declare martial law and stop the election, because they'll be called to justice for war crimes, and nukeing Iran would give them the justification.
I just hope we didn't permanently loose the Republic when Gore failed to contest the Florida vote.
Bob Ebersole
"Its too late for an impeachment..."
This sentiment gets such a pass. We let him walk away, and all the transgressions he has committed become precident.
They say the next congress will get nothing done in the busy election season. Hogwash. Turn up the dial on investigations regarding anything he has done innaapropriatly and for gawd's sake, please get into writing the exact powers and authorities of the Vice President's office.
I don't care if the investigations and possible trials last well into Shrub's retirement. Pull him back from Paraguay or wherever the hell he slinks off to and ride his ass as long as it takes to clear his mess up.
It's not too late for impeachment. Impeachment takes precedence over all other business in Congress. And shutting down all other business in Congress would be better than continuing Business As Usual - a nice side benefit. The real reason we won't get impeachment is that Democrats fundamentally agree with Republicans in the defacto class warfare/coup that is going on.
I just purchased some solar PV today and had the pleasure of myself and the vendor being run through a terrorist database as part of the process. It's my @#$% money - why does the bank have to play informant? Because both Democrats and Republicans in the last days of this empire agree on the clampdown; it's required for the transition to serious tyranny where no transactions will be allowed except between approved entities.
We won't get impeachment because Democrats would have to appear like they were serious about it when they are serious about not doing it because they want the powers. Time is not the problem.
cfm in Gray, ME
You can impeach officeholders after they leave office. The purpose is to allow criminal prosecution for actions taken under the color of authority.
Exactly right, good for you. This is yet one more thing about our constitution that has been conveniently left untaught and ignored, so most Americans don't know about it.
Rove's potential indictment hinges on some small game played in Alabama over a House seat if I recall correctly. I do so hope that is what is happening, and now if the Democrats would only find the nerve to do what is needed with the rest of them.
If the current crop of Congresscritters were in charge in 1944 our soldiers would never have climbed those cliffs at Normandy ... "Too dangerous!" "We'll take casualties!" "Maybe the Nazis will get nicer as their regime ages!"
"maybe the neocons will get nicer as their regime ages " !
Interesting, this pretty much confirms my assumptions. This also confirms that a high quality aggregator of open source + expert analysis like The Oil Drum is a pretty good resource indeed.
I've written a dozen letters to my Senators about this over the last six months and still the war preparations continue.
Our inevitable war with Iran will ride in on the back of a false flag operation in the continental United States. Yes, the Bush administration is low enough to kill some of our own and blame it on outsiders so we can attack the Iranians.
We fought fascism to its death in 1945 ... only to take up the mantle ourselves sixty years later.
I think that government in Russia sees WW2 as Nazi invasion. Currently Germany is a major economic partner for Russia (probably the biggest economic partner). Putin's relation with previous German chancellor were best ever. I do not think there is any resentment toward Germany.
It's simply an economic actions. I doubt there is any politics or personal feelings involved.
Germany is not doing a thing for Russia that China cannot do more cheaply. Replacing Germany as a major trading partner with China would not be a real big deal. China is willing to sign long term oil/gas deals with Russia...the same deals that Germany and the remainder of Western Europe are complaining about.
I do not think that engineering in China is comparable to German, but that's just an opinion.
Russia is selling it's energy to both Germany and China now. At this point the party that pays the highest price will get the energy and goods will be bought from the company/country that has the lowest price. But say in case of trains I do not think that China can currently compete with Siemens. For subway building Russia buys some specialized machinery from Germany (I presume becasue it's the best equipment for the money). And so on.
My only point was that the discussed action was not political but economical.
Perhaps we should agree to disagree... :)
But maybe Russia needs to consider its relationship with Germany in light of Germany's power in the EU and NATO. If the US is really engaged in an imperialist scheme to encircle Russia, then Germany must cooperate with the US on everything everywhere. Obviously this is not quite the case right now, and the establishment of a permanent EU dependence on Russian energy, facilitated by Germany, can threaten the viability of a US-run NATO, which really should have been retired when the Cold War ended.
Putin speaks fluent german and has spent several years as KGB agent in former East Germany.
Does anybody know how many pipelines go from Russia to the EU? The pipeline which is now delivering less is probably a larger one.
cheers, mr
Only if SCO members will pay more then members of NATO. Oil companies owners are way too greedy to subsidize other countries.
hifisoftware,
82% of the world's oil production is supplied by national oil companies, not big oil companies. And if you think that the 75% of consumption in the world that is supplied by refining that oil can be replaced or substituted overnight, then you've been smoking unrepentantcowboy's products.
While you are at it, you might as well check out the ownership of the big multinational oil companies. You will find that they are 3/4ths owned by institutional investors, i.e. pension funds, mutual funds,and hedge funds. That's the greedy bastards you just criticised, all of us. Its really easy for people to scapegoat and demonise other people instead of looking in the mirror.
Go right ahead and keep on your merry, self deluding track. But don't say I didn't warn you.
Bob Ebersole
You are making the mistake of assuming that the people running the NOCs are not as greedy as those running the IOCs. OK, in economic terms it is not called greed but "persuing-self-interest-that-brings-to-common-good", same thing.
The difference in ownership is only relevant from political perspective - a NOC serves as a guarantee that the pie is shared within a certain economic and political circle. Essentially NOCs are the way poorer countries protect their resources by being taken over by IOCs on the Wall Street. All IOCs are based in the same countries that also control the world financial markets... Hardly a coincidence IMO.
ARAMCO,
the worlds largest producer and the home company of the Saudi Kings is a National Oil Company. So is Lukoil, the Russian oil company and the world's second largest producer. Royal Dutch Shell is owned 25% by the British Royals, and 25% by the Dutch Royals. PDVSA is the oil company of Venezuela, the country with the second highest reserves after the Saudis, is a national oil company.SINOPAK, the China Company that sells all of the Chinese oil products, is a national oil company. AEGIP is the Italian national oil company.
In US refining, CITGO is owned by PDVSA. Motiva and Excelron, are 25% owned by the Saudis. You seem to forget that the Saudi's owned 1/2 of Texaco's Refining at the time of the merger with Chevron.
LevinK, you are talking through your hat. Free markets don't exist in world oil except in the US, Canada and parts of Western Europe like the North Sea. Like I said, its over 4/5ths National Oil Companies, and 3/4ths of the "free market" oil companies are owned by mutual funds and pension funds. If you want to scapegoat someone, go look in the mirror.
Bob Ebersole
I have no idea what caused the tone of your response. Neither where you got the idea I'm "scapegoating" someone. The funny thing is that you are not arguing me and essentially we are saying the same things.
LevinK
I guess that I consider labeling behaviour as greedy to be a moral criticism, part of the eternal self righteousness that says a hardware store can mark up a screw from a penny cost to a nickle sales price, but that oil producers can't make a profit when they take enormous risks.
I don't work for big oil companies and I am far from their greatest fan, yet I get tarred and feathered with the same brush and sack of feathers.
Bob Ebersole
This is a complex discussion. On one hand yes, anybody (not just the oil companies) should be allowed to be rewarded for the risks they take.
On the other hand there are those lines that don't need to be crossed. And we are supposed to have mechanisms to counter it when people/corporations are crossing the lines - when they are harming the common good for their self-interest.
My "greed" labeling is based on a thing I consider a major flaw of conventional economic theories... They always assume that "normal" greed is good and that the players will play by the written and non-written rules and all will be happy and well. While in practice this rarely happens so... What happens in reality is that by uncritically endorsing the "normal" greed we have created a very weak ethics in which millions of people are encouraged to cross millions of visible and invisible lines every day... Should we be surprised by the outcomes?
Now if I am asked to say whether the national or private oil Co's are harming the common good, I'm more inclined to say yes than no:
1) First they are (a vital) part of the common establishment which is currently running the empire we live in and is slowly turning it into a fully functional police state
2) As energy companies they should be the first to ring the bells of oil depletion and the externalities FFs are causing... I know it takes quite a moral strength to do that, but it is in fact their duty to inform the public about what the product they are selling will/may cause to the society. And no, couple of ads on the TV don't do it; it will take the only thing that works in this country - lobbying and some serious money spent so that we can fix these problems. And they know it.