Archive | July, 2011

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Oil Will Grease a Debt-Limit Recession

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27. July 2011

Oil Will Grease a Debt-Limit Recession

If the U.S. ends the coming weekend without national debt limit deal, it won’t just be bond defaults sending the nation back into a deep, ugly recession. A hint came Tuesday as the price of oil rose a little, nearing $100 a barrel once again even as stocks did a mini-tank, with the Dow down [...]

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If Exxon Can’t Deal With the Montana Spill…

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12. July 2011

If Exxon Can’t Deal With the Montana Spill…

Exxon is still fumbling to deal with a 42,000-gallon oil pipeline spill on the Yellowstone River west of Billings, Montana. Its initial response was pathetic–it was slow to turn off the gushing pipeline, had no plan for dealing with a spill in high water (i.e. every spring) and, most alarmingly, “misspoke” about how deeply the [...]

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