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Keyword: oilcompanies

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  • Climate Chaos Claims Continue Causing Consternation

    03/31/2018 10:55:52 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | March 31, 2018 | Paul Driessen
    Anyone who thought “manmade climate cataclysm” rhetoric couldn’t possibly exceed Obama era levels should read the complaint filed in the “public nuisance” lawsuit that’s being argued before Federal District Court Judge William Alsup in a California courtroom: Oakland v BP and other oil companies.The allegations read at times like they were written by a Monty Python comedy team and a couple of first year law students. Defendant companies “conspired” to produce dangerous fuels, the complaint asserts, and “followed the Big Tobacco playbook” to promote their use, while paying “denialist front groups” to question “established” climate science, “downplay” the “unprecedented” risks...
  • New York City mayor seeks billions from oil companies, blames them for climate change

    01/11/2018 10:09:39 AM PST · by detective · 31 replies
    The Washington Times ^ | January 10, 2018 | Valerie Richardson
    week after a brutal snowstorm froze New York City, Mayor Bill de Blasio delivered a one-two punch Wednesday in the name of climate change, announcing he will seek billions in damages from five major oil-and-gas companies while moving to divest from fossil fuels. Its time for them to start paying for the damage they have done, Mr. de Blasio said at a press conference at the Manhattan Youth Center. Its time for Big Oil to take responsibility for the devastation they have wrought. The two-front attack was promptly pilloried by industry groups as a cynical political stunt, even as it...
  • Woe in the oilfield: 213 companies have now declared bankruptcy

    10/28/2016 8:03:57 AM PDT · by Lorianne · 19 replies
    Fuel Fix ^ | 25 October 2016 | David Hunn
    Fewer and fewer oil exploration and production companies are declaring bankruptcy. But more oilfield service companies are. So far this month, only one North American E&P firm filed for Chapter 11 protection, according to data released on Tuesday by the Dallas law firm Haynes & Boone. Thats down from two in September, three in August and four in July. But its been an especially tough few months for service companies. As crude prices began crashing in 2014, drillers started idling rigs. That led to fewer jobs for the companies that make their money helping producers pump oil and gas. Moreover,...
  • The Political Death of American Coal

    04/19/2016 5:07:17 AM PDT · by Hojczyk · 16 replies
    Newsmax ^ | April 19,2016 | Stephen Moore
    There was a time in America and it wasn't even so long ago that liberals cared a lot about working-class people. They may have been misguided in many of their policy solutions e.g., raising the minimum wage but at least their hearts were in the right place. Then a strange thing happened about a decade ago. Radical environmentalists took control of the Democratic Party. These leftists care more about the supposed rise of the oceans than the financial survival of the middle class. The industrial unions made a catastrophic decision to get in bed with these...
  • Sanders campaign: Clinton owes us an apology for 'lying' remark

    04/01/2016 7:25:58 AM PDT · by McGruff · 13 replies
    POLITICO ^ | April 1, 2015 | NOLAN D. MCCASKILL
    Hillary Clinton owes Bernie Sanders campaign an apology, the campaign said Friday. Clinton on Thursday accused Sanders camp of lying, alleging that his campaign has been claiming Clinton accepts money from the fossil fuel industry a statement she forcefully rejected when confronted by an environmental activist. I think she probably owes the senator an apology for that because the senator is not lying about her record, Sanders campaign manager Jeff Weaver told MSNBC. Hes talking about her record. Hes talking about her practices. She obviously doesnt like it, but that doesnt make it lying because you dont like it....
  • The Solar Industry Is Dying. Good Riddance.

    03/20/2016 5:20:30 PM PDT · by upchuck · 38 replies
    Breitbart ^ | March 20, 2016 | James Delingpole
    If you still own shares in solar energy it’s probably a sign that you’ve been in the sun too long: the sector is tanking – and deservedly so – as reality dawns that this is a Potemkin industry, an Enron of a con-trick, whose survival depends not on the energy it generates but on the subsidies it squeezes from the taxpayer. Consider Exhibit A: the Ivanpah Solar Electric Generating System in the California desert. This $2.2 billion project, heavily backed with federal grants by the Obama administration, is absolutely brilliant at killing birds. According to some estimates it accounts for...
  • Putins Dilemma: To Sell Or To Nationalize Oil Assets

    03/15/2016 5:32:46 PM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 15-03-2016 | McEndree
    According to a March 11 Bloomberg article, the Russian government is considering changes in the tax regime for the Russian oil and gas industry in order to bolster government revenues. Should Vladimir Putin consider nationalizing this industry as one of the alternatives? Possiblyif the U.S. shale revolution represents a paradigm shift that will result in sub-$50-$60 crude prices and substantially lower natural gas prices well into the future. Should this be the case, without significant changes in its approach to generating revenue from this industrywhich historically has funded ~50 percent of the governments budgetit seems the Russian government could consign...
  • ACADEMIC GIBBERISH WATCH: WE HAVE ANOTHER WINNER

    03/05/2016 11:13:14 AM PST · by MarvinStinson · 75 replies
    .powerlineblog ^ | MARCH 4, 2016 | STEVEN HAYWARD
    Take a look at this abstract from the journal Progress in Human Geography: Glaciers, Gender, and Science:A FEMINIST GLACIOLOGY: framework for global environmental change research Mark Carey, M Jackson, Alessandro Antonello, Jaclyn Rushing ABSTRACT Glaciers are key icons of climate change and global environmental change. However, the relationships among gender, science, and glaciers particularly related to epistemological questions about the production of glaciological knowledge remain understudied. This paper thus proposes a feminist glaciology framework with four key components: 1) knowledge producers; (2) gendered science and knowledge; (3) systems of scientific domination; and (4) alternative representations of glaciers. Merging...
  • Chesapeake Founder Aubrey McClendon Dies In Car Crash One Day After Federal Indictment

    03/02/2016 12:28:02 PM PST · by Nachum · 55 replies
    zero hedge ^ | 3/2/16 | tyler durden
    Just one day after the DOJ unveiled its had indicted Chesapeake Founder and former CEO Aubrey McClendon on federal charges of conspiring to rig bids for oil and natural gas leases, moments ago the Oklahoma Police announced that he was found dead in a car accident, when while traveling in a 2013 Chevy Tahoe at a high rate of speed he crashed while driving on a two-lane highway and was engulfed in flames. FORMER CHESAPEAKE CEO MCCLENDON DEAD AFTER CAR ACCIDENT: CNBCOKLAHOMA CITY POLICE SAY AUBREY MCCLENDON DEADMCCLENDON WAS GOING FASTER THAN SPEED LIMIT: POLICEMCCLENDON WAS ALONE IN 2013 CHEVY...
  • Washington considers nation's first carbon emissions tax

    02/28/2016 10:10:38 AM PST · by Olog-hai · 39 replies
    Associated Press ^ | Feb 28, 2016 11:09 AM EST | Phuong Le
    Washington could become the first state in the nation to impose a direct tax on carbon emissions from fossil fuels such as coal, gasoline and natural gas. A ballot measure before the state Legislature would create a carbon tax of $25 per metric ton of fossil fuel emissions burned in Washington, while reducing taxes. ...
  • UK Special Envoy to Yemen Alan Duncan Claims US Controlled by Jewish Bankers Posted By On

    10/16/2014 4:30:47 AM PDT · by SJackson · 8 replies
    FrontPage Magazine ^ | October 15, 2014 | Daniel Greenfield
    UK Special Envoy to Yemen Alan Duncan Claims US Controlled by Jewish BankersPosted By Daniel Greenfield On October 15, 2014 @ 12:24 pm In The Point | 18 Comments Alan Duncan, the UK’s Special Envoy to Yemen and Oman, a former oil industry man and current MP, offered a calculated insult to the United States and a staple of Nazi anti-Semitic propaganda as part of his unfortunate campaign against the Jewish State.After denouncing Israeli “Apartheid” despite having built his career working with an oil company that actually propped up Apartheid in South Africa, Duncan demanded that all candidates be...
  • Cruz is big oil’s new crush as donors cool to Bush

    02/20/2016 3:02:44 PM PST · by 2ndDivisionVet · 54 replies
    The San Antonio Express-News | February 19, 2016 | Alex Nussbaum and Meenal Vamburkar, Bloomberg News |
    Link only due to copyright issues: http://www.expressnews.com/business/eagle-ford-energy/article/Cruz-is-big-oil-s-new-crush-as-donors-cool-to-6843524.php
  • The Latest: Syria government 'regrets' rejection of UN move

    02/20/2016 10:51:12 AM PST · by BenLurkin · 13 replies
    Hickory Daily Record ^ | 02/20/2016 | ap
    <p>Saudi Arabia's foreign minister says he favors equipping Syrian rebels with surface-to-air missiles, arguing it would shift the balance of power.</p> <p>Saudi Arabia is a key backer of rebels against President Bashar Assad. Foreign Minister Adel el-Jubeir was quoted as telling German weekly Der Spiegel in an interview published Saturday: "We believe that introducing surface-to-air missiles in Syria is going to change the balance of power on the ground."</p>
  • Saudis, Russia Agree to Freeze Oil Output; Iran Still Resists

    02/16/2016 11:08:01 AM PST · by Trumpinator · 12 replies
    nbcnews.com ^ | Feb 16 2016, 9:34 am ET | Reuters
    Saudis, Russia Agree to Freeze Oil Output; Iran Still Resists by Reuters Feb 16 2016, 9:34 am ET Top oil exporters Russia and Saudi Arabia agreed on Tuesday to freeze output levels but said the deal was contingent on other producers joining in - a major sticking point with Iran absent from the talks and determined to raise production. The Saudi, Russian, Qatari and Venezuelan oil ministers announced the proposal after a previously undisclosed meeting in Doha. It could become the first joint OPEC and non-OPEC deal in 15 years, aimed at tackling a growing oversupply of crude and helping...
  • Wild GOP debate repeatedly goes off the rails as candidates shred each other on stage

    02/14/2016 2:02:32 AM PST · by Cincinatus' Wife · 128 replies
    Business Insider ^ | February 14, 2016 | Pamela Engel
    "...Some of the last fireworks of the night came when Cruz attacked Trump's supposedly "very, very liberal" policies."Flexibility is a good thing, but you shouldn't be flexible on core principles," Cruz said. "I like Donald. He is an amazing entertainer. But his policies for most of his life..have been very, very liberal."Cruz continued:For most of his life, he has described himself as very pro-choice and as a supporter of partial-birth abortion. Right now today as a candidate, he supports federal taxpayer funding for Planned Parenthood. I disagree with him on that."You are the single biggest liar," Trump shot back. "You...
  • Just a fraction of the world's oil supply isn't profitable at $35 a barrel

    02/12/2016 12:52:48 PM PST · by Zhang Fei · 18 replies
    Business Insider ^ | 2/12/2016 | Bob Bryan
    Wood Mackenzie's report, cited by the energy news service Platts, said about 3.4 million barrels' worth of oil a day was not profitable below $35 a barrel. According to the International Energy Agency, the world's supply is 97.07 million barrels a day. While today's oil prices are below this threshold, the report suggests the price at which US shale and other producers would be forced out of the market is lower than previously thought. As Platts writes, "For many producers, being cash negative is not enough of an incentive to shut down fields as restarting flow can be costly and...
  • Report on Syria conflict finds 11.5% of population killed or injured

    02/10/2016 4:51:52 PM PST · by MinorityRepublican · 9 replies
    The Guardian ^ | Wednesday 10 February 2016 | Ian Black
    Syria’s national wealth, infrastructure and institutions have been “almost obliterated” by the “catastrophic impact” of nearly five years of conflict, a new report has found. Fatalities caused by war, directly and indirectly, amount to 470,000, according to the Syrian Centre for Policy Research (SCPR) – a far higher total than the figure of 250,000 used by the United Nations until it stopped collecting statistics 18 months ago. In all, 11.5% of the country’s population have been killed or injured since the crisis erupted in March 2011, the report estimates. The number of wounded is put at 1.9 million. Life expectancy...
  • 5 donors you've never heard of who could shape the 2016 race

    01/02/2016 10:41:55 PM PST · by 2ndDivisionVet · 13 replies
    MSN ^ | January 2, 2016 | Jonathan Swan and Harper Neidig, The Hill
    News articles concerning the most influential political donors in America typically list the same names: The Koch brothers, George Soros, Sheldon Adelson and, lately, Tom Steyer. But as we reach the end of 2015, none of these billionaires has spent big in the 2016 contest, at least not at an individual candidate level. In their absence, a number of lesser known donors are shaping up to be major players in 2016. Here are five to watch: 1. The DeVos Family We're cheating by including a whole family in our list, but there is no way of separating out this high-spending...
  • Obama's $319 Billion Oil Tax Plan Raised to $10.25 a Barrel

    02/09/2016 12:27:48 PM PST · by reaganaut1 · 13 replies
    Bloomberg | February 9, 2016 | Jennifer A Dlouhy and Brian Wingfield
    No excerpt from Bloomberg allowed, story here.
  • Hold on Ex-Im nomination keeps cronyism crimped

    02/09/2016 4:29:56 AM PST · by Cincinatus' Wife · 1 replies
    The Hill ^ | February 9, 2015 | Diane Katz
    The president has nominated attorney J. Mark McWatters for the bank board. However, Sen. Richard Shelby (R-Ala.), chairman of the Committee on Banking, Housing and Urban Affairs, has said he's "in no hurry" to hold a hearing or a vote on the nomination. Other pending confirmations take precedence, he said.The last of the 2015 lobbying reports are in, and the top corporate spender turns out to have been the Boeing Company, at $21.9 million. Not coincidentally, the aerospace giant also outranks thousands of other firms in profiting from the subsidies doled out by the Export-Import Bank. Last year, Boeing benefitted...