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Larry Schwartz – 9 Industries That Are Cashing In as Our Planet Heats Up

Despite the fact that 98% of climatologists accept manmade climate change as a fact, almost a quarter of Americans [3] still believe that climate science is junk science and that global warming is a grand hoax. Major oil companies have poured a lot of money into fueling climate skepticism. But while Big Oil wants to keep the public fooled, the major …

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Big Oil’s Broken Business Model

Until last fall, when the price decline gathered momentum, the oil giants were operating at full throttle, pumping out more petroleum every day.  They did so, of course, in part to profit from the high prices.  For most of the previous six years, Brent crude, the international benchmark for crude oil, had been selling at $100 or higher.  But Big …