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Posts Tagged ‘Big Oil’

Big Oil seems to be acting like Big Tobacco

Article by Sheldon Whitehouse published Sunday 31 May 2015 by The Washington Post/Associated Press

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Fossil fuel companies and their allies are funding a massive and sophisticated campaign to mislead the American people about the environmental harm caused by carbon pollution. 

Their activities are often compared to those of Big Tobacco denying the health dangers of smoking. Big Tobacco’s denial scheme was ultimately found by a federal judge to have amounted to a racketeering enterprise.

The Big Tobacco playbook looked something like this: (1) pay scientists to produce studies defending your product; (2) develop an intricate web of PR experts and front groups to spread doubt about the real science; (3) relentlessly attack your opponents.

Thankfully, the government had a playbook, too: the Racketeer Influenced and Corrupt Organizations Act, or RICO. In 1999, the Justice Department filed a civil RICO lawsuit against the major tobacco companies and their associated industry groups, alleging that the companies “engaged in and executed — and continue to engage in and execute — a massive 50-year scheme to defraud the public, including consumers of cigarettes, in violation of RICO.” read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Let Big Oil bail out Big 3 Auto Companies

A Google search of the most recent financial information from the major oil companies shows ExxonMobil alone with a stash of $34 billion. Chevron had cash on hand of $10 billion, Shell of $7.8 billion, BP America of $9.8 billion (at the end of 2007). It sounds like plenty to go around to give the Big Three a helping hand.

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Consolidation in oil industry likely in 2009

Major oil companies are sitting on enormous piles of cash after posting record profits in recent quarters, while crumbling stock and crude prices have made many smaller oil and gas companies potential targets.

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Oil giants talk tax to kill environment

Evidence is mounting of a coordinated global oil industry effort to seize upon the international economic crisis as an opportunity to “rebel” against ecological controls and bludgeon concessions out of governments.

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Big Oil: We told you so

"Exxon got criticized for underinvesting over the last four years," said Fadel Gheit, a senior energy analyst at Oppenheimer. "It's not that they were stupid, it's just that they thought it was too expensive. Now Exxon is going to laugh all the way to the bank."

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

More consolidation likely in oil industry

"Big Oil has a growth problem for sure but is extremely well capitalized and we now see an M&A window opening,"

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Women to Watch: Linda Cook

The following year was critical for Shell: The company was rocked by scandal when it emerged that it had overstated its energy reserves. There followed a major restructuring, which catapulted Ms. Cook to the top echelons of Shell management.

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Big Oil, the big survivor

It was the oil-rich nations operating as their own cartel, the Organization of Petroleum Exporting Countries (OPEC), which ultimately brought down the corporate cartel

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Peak Oil: Are Oil Prices Destined to Rise Again?

THE WALL STREET JOURNAL

October 31, 2008, 12:13 pm

Posted by Keith Johnson

Crude oil futures continued down on Friday, spooked by the dim outlook for the U.S. economy. That’s precisely what makes it likely oil prices will rebound next year.

TroutRun_art_200v_20081031111117.jpg  A tough run upstream (AP)

Big oil companies are already finding it harder to maintain, let alone increase, production. Chevron doubled its third-quarter net profit, but said production fell 5.7% in the quarter, after ExxonMobil reported an 8% production drop yesterday.

Falling oil prices are only going to accelerate that trend, analysts warn, at a time when OPEC is accelerating output cuts and production declines at oil fields around the world is apparently increasing. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Big Oil’s Last Stand

The American public is fed up with Big Oil. In 2006 Gallup published its annual rating of public perceptions of U.S. industry. The oil industry is always a poor performer, but this time it came in dead last — earning the lowest rating for any industry in the history of the poll.

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Africa’s Potential to Sate World’s Oil Demand Dims

For big state-owned and private oil companies, Africa has played an outsized role. It is responsible for adding nearly a quarter of the globe's total increase in reserves over the past decade. That has been a boon for companies such as Royal Dutch Shell PLC, Exxon MobilCorp. and Total SA, all of which have struggled to replace reserves on their books

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Palin’s Big Oil infatuation

Palin’s Big Oil infatuation. She is as much a product of the oil industry as the current president and his vice president.

By Robert F. Kennedy Jr. 
ROBERT F. KENNEDY, JR.

ROBERT F. KENNEDY, JR.

September 24, 2008 I was water-skiing with my children in a light drizzle off Hyannis, Mass., last month when a sudden, fierce storm plunged us into a melee of towering waves, raking rain, painful hail and midday darkness broken by blinding flashes of lightning. As I hurried to get my children out of the water and back to the dock, I shouted over the roaring wind, “This is some kind of tornado.” 

The fog consolidated and a waterspout hundreds of feet high rose from the white ocean and darted across its surface, landing for a moment on a moored outboard to spin it like a top, moving toward a distant shore where it briefly became a sand funnel, and then diffusing into the atmosphere as it rained down bits of beach on the harbor. For 24 hours, a light show of violent storms illuminated the coastline, accompanied by booming thunder. My dog was so undone by the display that she kept us all awake with her terrified whining. That same day, two waterspouts appeared on Long Island Sound. read more

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Sarah Palin taxes put pipelines in jeopardy, say oil giants

In Alaska I broke the lobbyist and special interests that had controlled big oil. We are going to make this nation energy-independent.”

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

BP’s troubles in Russia show Big Oil’s clout fading

Gone are the days when BP manhandled reserves out of foreign countries, as it did in Iran the early years of the last century. Once the lion of British enterprise, Russia has brushed it aside like a kitten.

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

America, Over Big Oil’s Barrel

To repel public hostility and government action, meanwhile, the American Petroleum Institute, the main oil and gas lobbying group, has launched a multimillion dollar media blitz.

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Big Oil’s facts answer the attacks

We've all heard about the alleged sins of Big Oil, the handy media-made pejorative for the world's largest oil and gasoline manufacturers: It controls/manipulates the world energy market. Its six "supermajors" -- multinationals like ExxonMobil, Royal Dutch Shell, BP, Chevron -- are exceptionally evil and rapacious corporations that are responsible for skyrocketing oil and gasoline prices. They are uniquely and grossly profitable. They deserve to have their "excess" profits taxed and their robber-baron bosses scolded - if not publicly waterboarded -- by Congress.

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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