Free Republic

The Chavista regime of Nicolás Maduro is playing with fire and knows it! US Secretary of State Marco Rubio issued a stern warning yesterday from Guyana: any aggression against this country or ExxonMobil's operations in the Essequibo will have "serious consequences" for Caracas. In a press conference alongside Guyanese President Irfaan Ali, Rubio didn't mince words: "It would be a very bad day for the Venezuelan regime, a very bad week, and it wouldn't end well." The message is clear: the US will not tolerate the bravado of a declining leftist dictator. Maduro, the tyrant who has plunged Venezuela into...

The Big Three used the power they derive from investing other people’s money to force compliance with a radical political goal. A recent House Judiciary Committee report details how America’s largest financial institutions, colluding with climate activists, imposed radical environmental policies on the American economy, subverting both our self-government and free markets. It focuses on the successful effort to insert climate activist directors on the board of energy giant ExxonMobil. According to the report, there is “substantial evidence of a ‘climate cartel’ of financial institutions” including the “Big Three” asset managers (BlackRock, State Street, and Vanguard), several massive state pension...

When Russia seized Crimea in March, it acquired not just the Crimean landmass but also a maritime zone more than three times its size with the rights to underwater resources potentially worth trillions of dollars. Russia portrayed the takeover as reclamation of its rightful territory, drawing no attention to the oil and gas rush that had recently been heating up in the Black Sea. But the move also extended Russia’s maritime boundaries, quietly giving Russia dominion over vast oil and gas reserves while dealing a crippling blow to Ukraine’s hopes for energy independence. Russia did so under an international accord...

Republican Senator John Cornyn (TX) said he “absolutely” wants to review the House Ethics Committee’s investigation of Matt Gaetz. Fresh off of losing his bid to be Senate Majority Leader, RINO Cornyn told reporters that he wants to see Matt Gaetz’s ethics report after Trump nominated him as US Attorney General. Matt Gaetz resigned from Congress on Wednesday evening after President Trump announced his nomination for US Attorney General.

President-elect Donald Trump should keep the U.S. involved in global efforts to address climate change, Exxon Mobil CEO Darren Woods said Tuesday. Trump should try to bring a “common sense” approach to the annual U.N. Climate Change Conference and “continue to have the U.S. influence policy around the world,” Woods told CNBC Tuesday. Woods spoke from the climate conference, which kicked off this week in Baku, Azerbaijan. Exxon has plans to invest $20 billion through 2027 in carbon capture and storage technology, hydrogen fuel, and lithium mining in the U.S. for electric vehicle batteries. Woods told CNBC on Tuesday that...

A small, quiet Arkansas town home to just 11,100 people is set to become the epicenter of the US 'white gold' boom. Magnolia, a blue-collar town in the state's southern region, was once a locus for oil but is on track to become a major producer of lithium, dubbed 'white gold' because of its soft, silvery-white look and the fact it powers most modern tech - from cellphones to laptops and electric cars. Exxon Mobil is planning to build one of the world’s largest lithium processing facilities near the town, with a capacity to produce 75,000 to 100,000 metric tons...

Far-right Rep. Marjorie Taylor Greene plunged a House Homeland Security Committee hearing into chaos Wednesday by accusing Rep. Eric Swalwell of having a “sexual relationship with a Chinese spy” — leading Democrats to unsuccessfully demand that the remark be purged from the record. Greene (R-Ga.) made the comment moments after Swalwell accused her of “anti-police rhetoric” and showed a print-out of a tweet she wrote promoting “Defund the FBI” merchandise in response to purported bureau bias. “That was quite entertaining from someone that had a sexual relationship with a Chinese spy — and everyone knows it,” Greene shot back, referring...

Near the Gulf Coast just east of Texas’ oil-rich Permian Basin, nearly 2,000 ExxonMobil contractors are making sure the company’s latest project – which includes 26 miles of piping, 35 miles of electrical wiring and 875 tons of steel – is pumping oil at full capacity. senior vice president of global operations detailed how the company’s Beaumont complex is not only fueling U.S. energy supply but also the economy. "When you put it all together and you look at this particular location, what I love about it, it allows us to buy what I consider to be very much needed,...

N'DJAMENA, March 23 (Reuters) - Chad has nationalized all the assets and rights including hydrocarbon permits and exploration and production authorisations that belonged to a subsidiary of Exxon Mobil (XOM.N), the Central African nation's energy and hydrocarbons ministry said in a statement on Thursday. Exxon Mobil said in December that it had closed the sale of its operations Chad and Cameroon to London-listed Savannah Energy (SAVES.L) in a $407 million deal, but the Chadian government contested the agreement, saying the final terms were different from what Exxon Mobil had presented. It warned that it may ask courts to block Savannah's...

RUSH: I had this story yesterday and I didn’t get to it. It’s a Bloomberg story based on an op-ed in the Wall Street Journal by James A. Baker and George Shultz. Now, these two guys date back to the Republican Reagan administration. They are considered Republican royalty. They are called even by the Drive-Bys, they have so much respect now, they’re called elder statesmen in the Republican Party. And according to the Drive-Bys, Democrats, the Republicans don’t have any statesmen, period, but these two guys have written an op-ed pushing a carbon tax. And they had a meeting with...

Over the past five years, the United States’ largest independent oil and gas company, Exxon Mobil, has mostly focused its exploratory activities in South America.Last month, the oil major announced that it had made two new discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, potentially adding more barrels to one of the most closely watched new oil discoveries. ExxonMobil has now made more than 30 discoveries on the block since 2015, and has ramped up offshore development and production at a pace that far exceeds the industry average.In contrast, Exxon’s exploits in Africa have been...

IRVING, Texas – ExxonMobil today released the following statement in response to a letter from President Biden.We have been in regular contact with the administration to update the President and his staff on how ExxonMobil has been investing more than any other company to develop U.S. oil and gas supplies. This includes investments in the U.S. of more than $50 billion over the past five years, resulting in an almost 50% increase in our U.S. production of oil during this period. Globally, we’ve invested double what we’ve earned over the past five years -- $118 billion on new oil and...

The blast at a Texas oil refinery early Thursday will probably push already high gasoline prices even higher — although not immediately. The blast and resulting fire at the ExxonMobil plant in the Houston-area city of Baytown, Texas, injured at least four workers. The accident could hamper output at one of America’s largest refineries for months, weighing on gasoline supply at at time when US refining capacity has already been reduced, said Tom Kloza, chief oil analyst for the Oil Price Information Service. “They’re not going to have all systems go for a couple of quarters,” he said. The average...

What the local sheriff called a "major industrial accident" led to a huge fire early Thursday at an ExxonMobil refinery in Baytown, Texas, near Houston. Harris County Sheriff Ed Gonzalez tweeted that "initial reports indicated some type of explosion occurred inside the plant." He said there were apparently four people injured. Three were airlifted out and one was removed by ambulance. Gonzalez said there didn't appear to be any need for anyone to evacuate or shelter-in-place. ExxonMobil said in a statement that its "fire teams are working to extinguish the fire" and it was trying to account for everyone who...

Lockheed Martin, the nation's top defense contractor, forced 13 executives including a three-star general to complete a three-day Zoom course so they would 'unlearn their male privilege'. The course was led by Portland-based firm White Men as Full Diversity Partners. It was carried out last June, at the height of the BLM movement, and involved 13 Lockheed employees dialing in for 16 hours. Details of the three-day course last June were obtained by City Journal. The 13 employees were Director of Aeronautics Mark Ward, Air Force lieutenant colonel David Starr, Senior Design Engineer Jeff Schweiss, Risk Management and Sustainability Executive...

Exxon Mobil Corp kicked off construction on Wednesday of its $10 billion petrochemical complex in south Chinese city Huizhou, state news agency Xinhua reported. The complex, which consists of a 1.6 million tonnes per year ethylene facility, is one of the few mega petrochemical projects in China wholly owned by a foreign investor.

SINGAPORE (Reuters) - Exxon Mobil Corp (XOM.N) kicked off construction on Wednesday of its $10 billion petrochemical complex in south Chinese city Huizhou, state news agency Xinhua reported. The complex, which consists of a 1.6 million tonnes per year ethylene facility, is one of the few mega petrochemical projects in China wholly owned by a foreign investor.

Exxon Mobil plans to reduce the number of oil rigs operating in an oil-rich region in the Southwest and may cut planned capital expenditures as the spreading coronavirus saps energy demand. The price of a barrel of oil has fallen more than 20% since the start of the year, and 8% in the last month, with energy demand expected to shrink as the outbreak drags on the global economy. Exxon will reduce the number of rigs in the Permian basin, a region that stretches across the border of New Mexico and Texas. Capital expenditures include expenses such as drilling and...

Last Thursday, in a move that surprised everyone but perhaps shouldn’t have come as a surprise at all, New York State Attorney General Tish James withdrew two counts of fraud against ExxonMobil during her closing arguments in the flimsy case she and her predecessor, Eric Schneiderman, spent the last half-decade pursuing against the energy giant. Tellingly, AG James dismissed the two of her original fraud counts that were based on laws requiring demonstration of actual harm in order to obtain a positive judgment. Her suit claimed that ExxonMobil’s alleged “fraud” of keeping two separate estimates of the future costs of...

PITTSBURGH - A fight at a gas station on Pittsburgh's North Side was recorded on video and went viral on social media. Police said multiple people are now facing criminal charges, and the videos led to a protest Saturday and Sunday. For the second straight day, dozens of people gathered outside two Pittsburgh gas stations to protest the owners. Police also were back at the Exxon gas station after they said two customers were violently attacked by an owner and employee. Officers went into the gas station as they continue their investigation, collecting evidence throughout the day. On Sunday, protesters...