The End of Big Oil
February 27, 2008
When historians one day dissect the long arc of humankind's use of fossil fuels, they may very well zero in on October 9, 2006, as a turning point for Big Oil. That's when it became clear that the major oil companies--the giants that had survived numerous predicted extinctions and gone on to ever-greater profit and influence--were undergoing a tectonic shift and would either reinvent themselves or die.
February 12, 2007
IF THERE WAS one thing George W. Bush and his clique were supposed to know, it was oil. That, at least, was the widespread consensus back in 2000, when Bush first sought the White House, and it was easy to understand why. Bush’s grandfather was an oilman. His father was an oilman. He himself had worked in oil. His vice presidential nominee, Dick Cheney, was the former CEO of energy giant Halliburton. His campaign’s chairman, Donald Evans, was CEO of the oil company Tom Brown.