Shell Concedes That Drilling Off the Alaskan Coast Is a Really Bad, Really Expensive Idea

After spending $7 billion drilling for oil and gas in the Chukchi Sea off Alaska, oil giant Shell announced today it will cease all drilling due to “a clearly disappointing exploration outcome.” This means there might be zero drilling off Alaska’s Arctic coast in the near future. »9/28/15 7:03pm9/28/15 7:03pm

BP Says The World Only Has 53 Years Of Oil Left, Should You Panic?

Better hoon that Dodge Challenger SRT Hellcat while you can, kids! The world only has about five decades worth of oil left before we run out and descend into what I can only assume is a Mad Max-like state of anarchy, according to a new report. And it's not from some alarmist environmental group — it's from BP. »7/09/14 12:28pm7/09/14 12:28pm