He estimates the latest sinkhole was up to 30 feet deep
The Saudi cut of 1 million barrels per day is set to start in July
Problem discovered in May, but not reported until February
Many small municipalities, not oil companies were the ones left hurting last time
Sasamat Lake is a popular recreation spot for the area
Estimated 14,000 barrels spilled, causing oil prices to briefly spike
EU’s tax would redirect about 140 million euros in revenue a year
Some experts say use of the alternative power could be just a decade away
Global prices dropping as economy slows, threatens recession
Companies would have to include greenhouse gases they produce indirectly through customer use
Plan to be ready for the International Energy Agency meeting of energy ministers in Paris
It is not clear whether the new organization will be involved in political lobbying