oil companies

The cost of a barrel of oil is sliding as demand weakens and the global economy falters. Economists wonder whether the conservation lessons learned during the time of high energy prices will stick. But a recession may trump all.

The Alliance for Climate Protection, the environmental advocacy organization founded by Al Gore, says that ABC refused to run its TV spot promoting alternative energy.
ABC spokeswoman Julie Hoover told the Guardian that the ad was too “controversial” to run during network-sponsored programs.

Oil companies self-report how much they drill, for a royalty program that is the government’s largest source of revenue after income taxes.