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Keyword: chevron

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  • Chevron Plans to Invest Billions in Permian Basin

    04/26/2016 9:21:08 PM PDT · by Impala64ssa · 13 replies
    CBS7 ^ | 4/26/16 | Alexa Dunson
    PERMIAN BASIN In the midst of a downturn in the oil industry, Chevron is set to invest billions. According to a report by the Hobbs News-Sun, Chevron is planning on bringing massive, billion-dollar oil and gas projects to West Texas and eastern New Mexico. Chevron CEO John Watson announced the company will put more of its budget in the Permian Basin while cutting costs elsewhere. During an annual analyst meeting Watson predicted by 2020 Chevron could pump 350,000 barrels a day in West Texas which is almost triple their current 125,000 barrels a day.
  • Chevron delays big projects, plows the Permian Basin

    01/31/2016 7:56:24 AM PST · by thackney · 2 replies
    Fuel Fix ^ | January 29, 2016 | Collin Eaton
    The CEO of Chevron Corp. said his company recently mothballed a $500 million ultra deep-water Gulf of Mexico development not because the oil reservoir was too small to develop - but because it had better places to spend its money. Namely, the Permian Basin in West Texas. "There are tough choices being made," Chevron CEO John Watson told investors on Friday, after the San Ramon, California oil giant posted its first quarterly loss since 2002. The $588 million loss - worse than analysts had expected - was driven by a series of special charges in the fourth quarter, including Chevron's...
  • Chevron's local office buildings to opt out of open carry

    01/01/2016 8:27:56 AM PST · by bgill · 26 replies
    Houston (TX) Business Journal ^ | Dec. 31, 2015 | Olivia Pulsinelli
    California-based Chevron Corp. (NYSE: CVX), which has a major presence in Houston, joins the growing list of businesses opting out of Texas’ open carry law. The company sent an email to employees on Dec. 31 notifying them that, “based on existing laws and company policy, no firearms (handguns, rifles or shotguns) are permitted inside Chevron office buildings.”... Texas' open carry law goes into effect Jan. 1. The law allows Texans with a concealed handgun license to openly carry a gun in a belt or shoulder holster. Several grocery stores, Houston's Galleria mall, San Antonio-based Whataburger and Austin-based Torchy's Tacos are...
  • New Scrutiny of the Flow of Iraqi Oil to American Consumers

    10/11/2004 6:17:18 AM PDT · by OESY · 4 replies · 1,129+ views
    New York Times ^ | October 11, 2004 | SIMON ROMERO and SCOTT SHANE
    As Saddam Hussein pressed the United Nations oil-for-food relief program for more money that he used to buy banned weapons, an unwitting ally may have been the American driver. Almost until the eve of the invasion of Iraq in March 2003, American oil companies were among the largest purchasers of Iraqi crude oil. The role that the companies, including ExxonMobil and ChevronTexaco, played in the oil-for-food program is now coming under greater scrutiny in the wake of a report by the chief arms inspector for the Central Intelligence Agency that disclosed how extensively Mr. Hussein was abusing profits from the...
  • Is there a booby trap in Roberts's ObamaCare decision? [worried will hurt climate change rulings]

    06/30/2015 5:52:50 AM PDT · by Cincinatus' Wife · 7 replies
    The Hill ^ | June 30, 2015 | Stuart Shapiro
    Supporters of the Obama administration and the Affordable Care Act (ACA) are rightly thrilled by the 6-3 decision reaffirming the subsidies essential to the functioning of the statute. The decision likely cements the statute in place as part of the U.S. healthcare system. However, the way that Chief Justice John Roberts reached that decision may provide the seeds for judicial curbing of regulation in other areas, and could very easily come up in future court cases regarding Environmental Protection Agency (EPA) regulations on climate change. Some background is necessary. A 1984 Supreme Court case, Chevron U.S.A. v. Natural Resources Defense...
  • The Reason Behind Big Oils Change of Heart on Global Warming

    06/04/2015 5:47:00 AM PDT · by Java4Jay · 11 replies
    After years of opposing efforts to fight climate change, Europes biggest oil and gas corporations have made a stunning about-face. Noticeably absent from the corporate push for a carbon price were U.S. oil behemoths Chevron and Exxon Mobil.
  • UK Govt To Oppose Any Moves On BP

    04/27/2015 1:36:10 PM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 27-04-2015 | Banana
    The U.K. government wants BP to still stand for British Petroleum. The Financial Times reported that Downing Street would do all it could to block a takeover of BP. Weakened and shrunken down due to the massive, and still rising, toll stemming from the Deepwater Horizon disaster, BP could become a takeover target from one of the larger oil majors out there. Rumors have been swirling in recent weeks that perhaps ExxonMobil or Chevron could be eyeing the British oil giant, so much so that BPs CEO Bob Dudley had to publicly dispel any notion that his company is for...
  • Hillarys Next Scandal to Break SoonPassenger Lists of Her Flights Ordered Released by Judge

    03/14/2015 4:19:50 AM PDT · by HomerBohn · 108 replies
    Red Statements ^ | 3/14/2015 | Steven Ahle
    Hillarys ride to 1400 Pennsylvania Avenue just got bumpier. A judge on Friday ordered the State Department to turn over passenger manifests to Citizens United as a result of a FOIA request that State had ignored. The quick ruling appears to show that judges patience for stonewalling by the Obama administration has reached its limit and they no longer feel like giving them the benefit of a doubt. Those manifests could bury Hillary 2016 before it even starts. There seems to be a connection between donors to the Clinton Foundation and contracts from foreign countries receiving favorable treatment from the...
  • Chevron to sell $15 billion of assets, cut spending amid price slump

    03/11/2015 4:34:32 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | March 10, 2015 | Robert Grattan
    Chevron Corp. said Tuesday it would sell off more assets and cut back on capital spending, as the integrated oil and gas giant looks to protect its finances from lower crude prices. Chevron said it would put about $15 billion of assets up for sale through 2017 up from a previous $10 billion target and cut capital spending incrementally to roughly $30 billion in 2017. In January, Chevron had said it would trim capital spending to $35 billion in 2015, down about $5 billion from its 2014 budget. Despite the cuts, the San Ramon, California-based company said it...
  • The Age of Capitalism is Over?

    12/30/2014 10:46:18 AM PST · by lifeofgrace · 26 replies
    Charting Course ^ | 12/30/14 | Steve Berman
    Rebecca Solnit wrote in Salon.com that The Age of Capitalism is over. Oh my, where to start? At the beginning seems a good place as any. Solnit was thrilled to hold a land auction notice from post-Jacobin FranceThermidorian France for the historically-minded. Thermidorian France was no more compassionate to live (mostly, to die) in than the Jacobin version which oversaw the execution of tens of thousand civilians, and the wanton destruction of anything associated with Christianity. This short period in Frances mottled past, from 1795 to 1799, abolished everything other than the whims of its leaders. And this sent...
  • Ukraine Says Chevron Plans To Pull Out Of $10B Shale Gas Deal

    12/15/2014 6:48:02 AM PST · by thackney · 20 replies
    Rig Zone ^ | December 15, 2014 | Reuters
    U.S. energy major Chevron plans to withdraw from a $10 billion shale gas deal with Kiev, a senior Ukrainian presidential official said on Monday. Ukraine signed a shale gas production-sharing agreement with Chevron amid great fanfare in November 2013, just months before mass protests in Kiev ousted former president Viktor Yanukovich, plunging the country into a major crisis with Russia. "There is information that they (Chevron) are planning this decision," Valeriy Chaliy told journalists, referring to a report by local media that Chevron had told the government it was pulling out of the deal. Chaliy declined to give further details....
  • Chevron Donates $26,000 to Planned Parenthood, Blocks Shareholder Resolution to Complain

    12/03/2014 11:48:06 AM PST · by Morgana · 9 replies
    Live Action ^ | 12/3/14 | Steven Ertelt
    One of the worlds largest oil companies has not only donated tens of thousands of dollars to one of the worlds biggest abortion companies, but it blocked a shareholder resolution complaining about it. Tom Strobhar, Chairman of Life Decision International, which monitors companies that donate to Planned Parenthood, said the corporation blocked a resolution by a teacher from Chicago complaining about the donation. Responding to that, Strobhar, following the teachers lead and hoping to force Chevron to list the groups it supports so information about its $26,000 check to Planned Parenthood could be further brought to light filed his own...
  • Unocal 101

    07/06/2005 7:03:45 AM PDT · by hinterlander · 12 replies · 496+ views
    Human Events ^ | July 6, 2005 | Terence P. Jeffrey
    You dont need to be Carl von Clausewitz to figure out that it could damage U.S. security interests if the Communists in Beijing defeat Chevron in their competing bids to purchase Unocal, the 9th largest U.S. oil-and-gas company. Just as Clauswitz, the 19th-century Prussian strategist, argued that war is the continuation of politics by other means, the Peoples Republic of China has discovered that acquiring certain assets on the world market is politics by other means. It does not matter whether the asset the regime seeks is state-of-the-art missile technology or old-fashioned crude, the ultimate question is whether the acquisition...
  • Soros Signals Argentinas Shale is Biggest Place to Be

    09/03/2014 7:36:19 PM PDT · by bananaman22 · 11 replies
    Oilprice.com ^ | 04/09/2014 | James Stafford
    One of the worlds legendary investors is upping his bet on Argentinas shale oil and gas industry in a show of confidence for shale production in South Americas largest unconventional prize and a big boost for both supermajors and smaller players making big waves in the heart of new discovery areas. George Soros has doubled his stake in YPF SA, the state-owned oil company in Argentina, which sits atop some of the worlds largest shale oil and gas resources, and is about to get even larger following a new discovery over the last couple of weeks of a second key...
  • Obama authorizes Iraq strikes to protect Christians, prevent 'genocide'

    08/08/2014 6:56:56 AM PDT · by Oldeconomybuyer · 35 replies
    Reuters ^ | August 8, 2014 | BY RAHEEM SALMAN
    U.S. President Barack Obama authorized air strikes on Iraq to protect Christians and prevent "genocide" of tens of thousands of members of an ancient sect sheltering on a desert mountaintop from Islamic State fighters threatening to exterminate them. The United States began to drop relief supplies to refugees from the ancient Yazidi sect, but there was no sign yet of air strikes, which Obama authorized for the first time since pulling troops out in 2011. ... U.S. oil majors Exxon Mobil and Chevron evacuated expatriate staff from Iraqi Kurdistan on Thursday, industry sources said. Smaller oil companies that operate in...
  • Why Big Oil Isn't Cheering Higher Oil Prices

    05/14/2014 7:51:31 PM PDT · by ckilmer · 14 replies
    fool.com ^ | May 14, 2014 | Travis Hoium
    Why Big Oil Isn't Cheering Higher Oil Prices By Travis Hoium | More Articles | Save For Later May 14, 2014 | Comments (0) U.S. stock markets are in a gradual decline today, with the Dow Jones Industrial Average (DJINDICES: ^DJI) down 0.6% in late trading as traders sold equities and bought gold and oil. The shiny metal was up $10 in afternoon trading to $1,305 per ounce and oil was up to $102.19 per barrel.You may think higher oil prices would have Big Oil cheering today, but Dow components ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) are respectively...
  • Gulf of Mexico saturated with oil?

    01/30/2007 8:39:08 AM PST · by milwguy · 57 replies · 1,890+ views
    petroleumnews ^ | 01/30/2007 | milwguy
    Chevron's announcement this week that the Jack Field located in the Gulf of Mexico 270 miles southwest of New Orleans may have as much as 15 billion barrels of oil was not the only recent find of oil in the Gulf. In March, Mexico announced the discovery of a new huge oil find, the Noxal Field some 60 miles from the port of Coatzacoalcos on the coast of Veracruz state. Estimated to contain as much as 10 billion barrels of oil, the find could well be larger than Cantarell, Mexico's biggest oil field, near Yucatan. Like the Jack Field discovery,...
  • Chevron Takes Battle To Radical Environmentalist Lobby

    04/04/2014 8:21:01 AM PDT · by rktman · 13 replies
    investors.com ^ | 4/3/2014 | IBD Editorial
    Litigation: After thwarting a $9.5 billion judgment from an Ecuadorean court, Chevron is going after the entire edifice of environmentalist enablers who make such junk lawsuits possible. Couldn't happen to a nicer bunch. To the surprise of many, the oil giant is suing the tony, white-shoe law firm of Patton Boggs for alleged unethical involvement in an all-out legal attack by environmentalists over rainforest pollution in Ecuador. Chevron accuses the oh-so-respected firm of lying, concealing inconvenient facts, running a public smear campaign and miscellaneous other flim-flammery, all for the sake of the dollar signs spinning in their eyes.
  • Chevron Takes Battle To Radical Environmentalist Lobby

    04/03/2014 4:27:06 PM PDT · by jazusamo · 15 replies
    Investors.com ^ | April 3, 2014 | IBD Editorial
    Litigation: After thwarting a $9.5 billion judgment from an Ecuadorean court, Chevron is going after the entire edifice of environmentalist enablers who make such junk lawsuits possible. Couldn't happen to a nicer bunch. To the surprise of many, the oil giant is suing the tony, white-shoe law firm of Patton Boggs for alleged unethical involvement in an all-out legal attack by environmentalists over rainforest pollution in Ecuador. Chevron accuses the oh-so-respected firm of lying, concealing inconvenient facts, running a public smear campaign and miscellaneous other flim-flammery, all for the sake of the dollar signs spinning in their eyes. This poses...
  • Yushchenko, hero of Ukraines Orange Revolution warns Europe that Putin wont stop at Crimea

    03/28/2014 6:34:25 AM PDT · by afraidfortherepublic · 17 replies
    McClatchy DC ^ | 3-27-14 | Mathew Schofield
    KIEV, Ukraine To Viktor Yushchenko, the man at the heart of Ukraines Orange Revolution a decade ago, March 2014 looks a lot like August 1939. Europe, once again, is at war. But Europe is also, once again, refusing to realize it and react. Yushchenko, the former Ukrainian president who has spent much of his political life at odds with Russian President Vladimir Putin, and incurred his wrath, says there should not be any doubt about what is going on: Putins Russia has been waging economic and information war on his country for years. It has now added a territorial...
  • The Washington Post Responds To Me, and I Reply to the Post

    03/22/2014 9:03:43 PM PDT · by Nachum · 27 replies
    PowerLine ^ | 3/22/14 | John Hinderaker
    On Thursday, the Washington Post published an article by Steven Mufson and Juliet Eilperin titled The biggest lease holder in Canadas oil sands isnt Exxon Mobil or Chevron. Its the Koch brothers. The articles first paragraph included this claim: The biggest lease holder in the northern Alberta oil sands is a subsidiary of Koch Industries, the privately-owned cornerstone of the fortune of conservative Koch brothers Charles and David. The theme of the article was that the Keystone Pipeline is all about the Koch brothers; or, at least, that this is a plausible claim. The Post authors relied on a report...
  • Cruz: Harry Reid thinks Koch brothers are the Grinch who stole Christmas

    03/14/2014 8:05:11 AM PDT · by Laissez-faire capitalist · 21 replies
    BizPac Review ^ | 3/14/2014 | Tom Tillison
    As the U.S. Senate took up a bill to provide financial aid to Ukraine, U.S. Senator Ted Cruz, R-Texas, rose to object to an IMF bailout Majority Leader Harry Reid attached to the legislation. In the process he blasted Reid for repeatedly demonizing the billionaire Koch brothers - Reid tried to blame the Koch brothers for halting progress on the Ukraine bill. "I'm beginning to think [the Koch brothers] are a character almost out of Dr. Seuss in the majority leader's mind, they are the grinch who stole Christmas in his telling," Cruz said. Cruz accused Reid of "using his...
  • Chevron vs Big Green: Capitalism Finally Grows a Pair

    03/07/2014 11:09:07 AM PST · by CedarDave · 15 replies
    Breitbart-London ^ | March 6, 2014 | James Delingpole
    This week the environmental movement suffered its biggest defeat since Climategate. And at the hands of its most hated enemy: Big Oil. ... the court ruling by a US federal judge that Chevron should not have to pay $9.5 billion in damages to victims of oil pollution in Ecuador is a victory for common sense and justice which we should all be celebrating. The reason this case is so important is because it very nearly didn't happen. Though environmental activists like Michael Mann, James Hansen and Al Gore often like to claim that their enemies are in the pay of...
  • The U.S. has Installed a Neo-Nazi Government in Ukraine

    03/03/2014 12:28:18 PM PST · by xzins · 195 replies
    IsraPundit ^ | March 02, 2014 | Prof Michel Chossudovsky, Global Research,
    According to the New York Times, The United States and the European Union have embraced the revolution here as anotherflowering of democracy, a blow to authoritarianism and kleptocracy in the former Soviet space.(After Initial Triumph, Ukraines Leaders Face Battle for Credibility, NYTimes.com, March 1, 2014, emphasis added)Flowering Democracy, Revolution? The grim realities are otherwise. What is a stake is a US-EU-NATO sponsored coup dEtat in blatant violation of international law.The forbidden truth is that the West has engineered through a carefully staged covert operation the formation of a proxy regime integrated by Neo-Nazis. Confirmed by Assistant Secretary of State...
  • Russia Gives Ukrainian Forces In Crimea Ultimatum To Surrender - Interfax

    03/03/2014 8:06:14 AM PST · by Fennie · 184 replies
    Reuters ^ | March 3, 2014
    Russia's Black Sea Fleet has told Ukrainian forces in Crimea to surrender by 5.am (0300 GMT) on Tuesday or face a military assault, Interfax news agency quoted a source in the Ukrainian Defence Ministry as saying. The ultimatum, Interfax said, was issued by Alexander Vitko, the fleet's commander.
  • "Big Oil" Production Decline 'Big oil' getting smaller as production keeps falling

    02/15/2014 7:08:12 PM PST · by ckilmer · 32 replies
    platts ^ | February 14, 2014 | Richard Swann in London
    'Big oil' getting smaller as production keeps falling February 14, 2014 - Richard Swann in London * Top seven western majors all seeing liquids output fall * Supermajors' share of global market dropping every year * BP reports fastest decline of 30% from 2009-13 * Production becoming more evenly split between oil and gasThe biggest western oil companies are continuing to see their oil output decline, despite record investment in recent years spurred by sustained crude prices in excess of $100/barrel, according to data released by the companies.Furthermore, with total world oil output continuing to rise every year,...
  • 1 missing, 1 hurt in natural gas well explosion in Greene County

    02/12/2014 8:21:44 AM PST · by cork · 6 replies
    Trib Total Media ^ | 2/11/14 | By Jason Cato, Tom Fontaine and Timothy Puko
    By Jason Cato, Tom Fontaine and Timothy Puko Published: Tuesday, Feb. 11, 2014, 9:09 a.m. Updated 4 hours ago DUNKARD The thunder of a natural gas well explosion on Tuesday morning in rural Greene County shook Charlie Grim awake, yanked John Kuis away from the television and rattled Michelle Hurley's home as she dressed for work. It sounded like a jet engine was parked in my driveway, said Kuis, 57, who scrambled outside to see fire and smoke rising above the tree line near his Dilliner home, about 70 miles south of Pittsburgh. The fire at the Chevron Corp....
  • Chevron Vindicated As Evidence Points To 'Green Fraud' By Environmentalists

    11/02/2013 9:12:41 AM PDT · by rktman · 27 replies
    Investors Business Daily ^ | 11/1/2013 | IBD editorial
    Big Oil: So what happened to the $19 billion judgment against Chevron over rainforest pollution in Ecuador? Seems the leftist lawyer behind it all now finds himself in the dock on a RICO rap for a massive fraud. This has been going on for years, the oft-repeated meme that Chevron, through its Texaco acquisition, polluted the rainforest floor and poisoned its helpless villagers. Activist Bianca Jagger is emblematic of this disregard for fact. In the Huffington Post, she wrote that while she's no apologist for Chevron's accusers, the bottom line is: "Ecuadorian communities were the victims of exploitation by a...
  • Chevron to Eastern Europe: We can help you with that fracking Russian-dependence problem

    07/26/2013 7:51:59 AM PDT · by SeekAndFind · 4 replies
    Hotair ^ | 07/26/2013 | Erika Johnsen
    Despite their misbegotten and expensive quest to forcibly restructure their energy sectors with subsidies and special treatment for what they’ve decided are so-called green energies (and they’ve got the higher electricity prices to prove it), plenty of European countries — including Germany and France, the eurozone’s two largest economies — have roundly and robustly refused to encourage energy companies to institute the practice of drilling for oil-and-gas supplies via hydraulic fracturing. Now, of course, that the evidence is mounting that both natural gas and fracking are even cleaner and safer than everyone first thought, Europe is years behind the United...
  • How Chevron turned the tables in Ecuador

    06/30/2013 6:46:16 AM PDT · by LibWhacker · 13 replies
    FuelFix ^ | 6/29/13
    <p>San Francisco Faced with a $19 billion fine for polluting Ecuadors rainforest, Chevron Corp. has done a remarkable job of turning the tables on its foes.</p> <p>The lawyers who sued Chevron in Ecuador, winning that eye-popping judgment, have come under non-stop attack from the oil company. Chevron has hauled them into court in New York, accusing them of fraud and extortion. The company has gone after Ecuadors judicial system as well, claiming judges there conspired with the other side.</p>
  • Activist Shareholders Gun For Chevron

    05/28/2013 11:37:19 AM PDT · by KMR · 8 replies
    Forbes ^ | May 26, 2013 | Kenneth Rapoza
    Progressive shareholders and environmental groups to call for the firing of Chevron CEO John Watson at tomorrow's annual shareholder meeting. Here's why.
  • Californias Largest Corporation is Headed for the Exit (Golden State Death Watch}

    12/25/2012 2:02:32 PM PST · by Kolath · 161 replies
    Front Page ^ | 12/25/2012 | Daniel Greenfield
    Chevron is Californias largest corporation, but it seems to be making the move to becoming Texas largest corporation instead. Thats 800 jobs out the door which gives Chevron a larger presence in Texas than it still has in California.
  • Chevron claims seen as not worth trouble

    08/09/2012 12:54:43 PM PDT · by SmithL · 10 replies
    San Francisco Chronicle ^ | 8/9/12 | Carolyn Jones, Chronicle Staff Writer
    Two days after toxic black smoke from the Chevron refinery fire enveloped Richmond, a second phenomenon swept through the city: the rush for money. More than 1,000 residents claiming to have coughs, nausea, scratchy throats and psychological trauma visited a downtown law office Wednesday in hopes of receiving a payout for their suffering. Another 1,000 contacted Chevron directly. Chevron was so overwhelmed, it set up a storefront downtown to accommodate the claims and answer questions. But what claimants are likely to receive - at the most, a few thousand dollars each - is not enough to buy a long-term solution...
  • Fire shuts down major Chevron oil refinery in northern California

    08/07/2012 5:14:49 AM PDT · by John W · 14 replies
    nbcnews.com ^ | August 7, 2012 | NBC News staff and wire reports
    Updated at 7:05 a.m. ET: A massive fire struck at the core of Chevron's large Richmond, Calif., refinery on Monday, spewing flames and a column of smoke into the air, and threatening a prolonged outage that may increase prices of U.S. gasoline. The fire was contained by 11 p.m. (2 a.m. ET), but not extinguished, according to the company. The fire has blazed for hours after it erupted at the refinery in a densely populated industrial suburb east of San Francisco. Smoke could be seen billowing over the Bay Area and four train stations were shut. Thousands of local residents...
  • Large fire burning at Chevron refinery in Richmond

    RICHMOND -- Crews are responding to a large fire at the Chevron refinery in Richmond. Flames and at least two large plumes of black smoke are visible from as far away as the Bay Bridge and a shelter in place warning has been issued.
  • Chevron: Nigeria Rig Continues To Burn; 2 Contractors Missing

    01/17/2012 4:29:02 PM PST · by Pan_Yan · 4 replies
    Wall Street Journal ^ | JANUARY 17, 2012, 5:15 P.M. ET. | Drew FitzGerald
    A rig drilling for Chevron Corp.'s (CVX) Nigerian subsidiary continued to burn Tuesday, while a search for two missing contractors continued. Initial indications suggest a surface equipment failure on the rig might have caused workers to lose control of the well, Chevron said, though its full investigation continues. The K.S. Endeavor rig, which was drilling an exploratory well for natural gas, is run by FODE Drilling Nigeria Ltd. ... Chevron has meanwhile contracted a Transocean Ltd. (RIG, RIGN.VX) rig to start drilling a relief well and has stopped production at its nearby North Apoi platform, which produces about 2,000 barrels...
  • Environmental Scientist Caught Agreeing To Ignore Her Own Data, Make Up New Claims

    12/13/2011 12:19:01 PM PST · by Mount Athos · 12 replies
    Wizbang Blog ^ | December 12, 2011 | Kevin
    Dr. Ann Maest is a managing scientist at Straus Consulting, and shes the go to expert on all things groundwater. In the press release announcing her reappointment to the National Academy of Sciences, they mention that she is focused on the environmental effects of mining and petroleum extraction and production, and, more recently, on the effects of climate change on water quality. Maest is in high demand as an expert for those looking to stop oil and mineral exploration. Shes also heavily used by the federal government, even though after new details about her past work are coming to light...
  • Chevron hits new deepwater oil reserves!!

    09/06/2011 7:33:51 PM PDT · by SeekAndFind · 49 replies
    Hotair ^ | 09/06/2011 | Jazz Shaw
    What cost have we paid for the president’s permitorium on new lease auctions (only just ended this summer) and drilling permit approvals which are still well below the levels we need? Unlike many rhetorical questions, this is one which we will eventually learn the answer to. A piece of the puzzle fell into place this week when Chevron, finally getting back to work after long delays, announced the discovery of another, potentially significant US energy deposit in the gulf. SAN RAMON, Calif., Sept. 6, 2011 – Chevron Corporation (NYSE: CVX) today announced a new oil discovery at the Moccasin prospect...
  • Big Oil: Profits and Taxes

    05/25/2011 2:44:16 PM PDT · by TheConservativeCitizen · 7 replies
    The Constitution Club ^ | 05-23-11 | Pino
    Big Oil. We love, LOVE, to hate Big Oil. As we’re paying more and more at the pump, and as we continue to flounder in this post recession economy, it’s hard to look at the Big Oil companies , their profits and think anything other than greed. But is that fair? Let’s check. Recently, the big oil companies announced their profits for the first quarter of 2011. And they are impressive numbers to be sure: ■Exxon Mobile – $10.7 billion ■Chevron – $6.2 billion ■ConocoPhilips – $3.0 billion THAT is a lot of billions. A LOT! But is it really...
  • The Administration's Big Oil Lie

    05/13/2011 4:11:11 PM PDT · by Kaslin · 13 replies
    IBD Editorials ^ | May 13, 2011 | Staff
    Energy: As the House passes a bill to open up offshore drilling, the Senate holds another show trial of oil executives showing why people blame them, not the administration, for high gas prices. Last week they fought back. Summoned for what Sen. Orrin Hatch labeled a dog-and-pony show, executives of Exxon Mobil, Shell, ConocoPhillips, BP America and Chevron appeared before the Senate Finance Committee on Thursday and, in often-heated exchanges, indicated their days as whipping boys are over. The hearing was called ostensibly to support the Democrats' Close Big Oil Tax Loopholes Act, a bill with no chance of passage....
  • Oil Without Apologies

    04/16/2011 6:41:17 AM PDT · by reaganaut1 · 10 replies
    Wall Street Journal ^ | APRIL 16, 2011 | KIMBERLEY A. STRASSEL
    It's the day after President Obama delivered his most recent vision of America's energy future, and I'm sitting in the sunny corporate offices of Chevron, the country's second-largest oil company. Let's just say John Watson has a different view. The Chevron CEO is a rare breed these days: an unapologetic oil man. For decadesgoing back to Jimmy Carterpoliticians have been peddling an America free of fossil fuels. Mr. Obama has taken that to an unprecedented level, closing off more acreage to drilling, pouring money into green energy, pushing new oil company taxes, instituting anticarbon regulations. America is going backward on...
  • NY judge extends order blocking Chevron judgment

    03/07/2011 9:21:48 PM PST · by SmithL · 1 replies
    AP via SFGate ^ | 3/7/11 | LARRY NEUMEISTER, Associated Press
    A federal judge on Monday extended his temporary order banning collection of an $18 billion judgment by the courts in Ecuador against Chevron, saying the oil company could face irreparable harm because it appeared that lawyers for Ecuadoreans who sued over rainforest contamination were going to try to quickly collect the award. U.S. District Judge Lewis Kaplan said evidence had established that lawyers for 30,000 Ecuadoreans planned to move swiftly to pursue multiple enforcement actions and asset seizures around the globe, including in areas where Chevron would not be immediately able to challenge the actions. He said that without his...
  • Chevron asks court to block $9.5B Ecuadorean award {and refuses to apologize}

    02/18/2011 3:15:52 PM PST · by SmithL · 4 replies · 1+ views
    AP via SFGate ^ | 2/18/11 | LARRY NEUMEISTER, Associated Press
    A Chevron Corp. lawyer said Friday that the company will not apologize for damage that an oil company it purchased is accused of causing to Ecuador's rainforest even though the refusal means a $9.5 billion judgment against it will nearly double within days. Attorney Randy Mastro instead attacked the judgment issued Monday by an Ecuadorean judge as the product of a corrupt judicial system and urged a U.S. judge to block lawyers for Ecuadoreans from trying to collect the money by getting other countries to seize Chevron assets and bank accounts. Mastro told U.S. District Judge Lewis A. Kaplan in...
  • Ecuador's Bogus $8 Billion Chevron Ruling

    02/16/2011 7:05:29 AM PST · by SeekAndFind · 3 replies
    The Law: An Ecuador court's finding of Chevron liable for $8.64 billion over jungle drilling is a bogus case showing how easy it is for lawyers to manipulate banana republic systems. Hailing the ruling as a strike for "environmental justice," plaintiffs known as the Amazon Defense Front and their lawyers successfully convinced a judge in Lago Agrio, an Ecuadorean jungle town locally known as a supplying station for Colombia's FARC terrorists, that mighty Chevron, whose Texaco subsidiary drilled the rain forest from 1964 to 1990, irreparably polluted the rain forest with its drilling operations. That entitled the activists to $8.64...
  • Ecuador vs. Chevron breaking news

    02/14/2011 8:05:25 PM PST · by Abakumov · 9 replies
    The Washington Times ^ | February 14, 2011 | Quin Hillyer
    A court in Ecuador today persisted in an attempt to shake down the California-based Chevron corporation despite orders from American and international tribunals that would block any seizure of Chevron's assets because of what multiple courts has said looks like fraud being perpetrated against the company.
  • Judge rules against Chevron in Ecuador lawsuit

    02/14/2011 12:32:51 PM PST · by SmithL · 8 replies
    San Francisco Chronicle ^ | 2/14/11 | David R. Baker, Chronicle Staff Writer
    An Ecuadoran judge has ruled against Chevron Corp. in a bitter, 18-year-old lawsuit over oil-field contamination in a corner of the Amazon rain forest. A Chevron spokesman confirmed today that the judge, ruling in the small town of Lago Agrio, had issued a final decision in the case but offered few other details.
  • EDITORIAL: An Ecuadorian racket--Chevron takes the offense in enviro case

    02/07/2011 7:32:09 PM PST · by jazusamo · 2 replies
    The Washington Times ^ | February 7, 2011 | Editorial
    Ecuadors case against California's Chevron Corp. has boomeranged against the plaintiffs lawyers. Today in Manhattan, federal District Judge Lewis A. Kaplan is considering a RICO (Racketeering Influenced and Corrupt Organizations) complaint Chevron filed Feb. 1 against attorneys and consultants targeting the oil giant. Nineteen U.S. judges made preliminary rulings in Chevrons favor and at least four used the word fraud to describe the plaintiffs legal actions, but the Justice Department has yet to investigate. RICO, best known for nailing Mafia bosses, also is used (sometimes abusively) to bring down alleged corporate scofflaws when a pattern of fraud or corruption is...
  • Angolan Christian Rebel Leader Assassinated (Chevron's outrageous "we love Angola" commercials)

    01/23/2011 7:04:42 PM PST · by FreeKeys · 5 replies
    NewsMax Archives ^ | Tuesday, Feb. 26, 2002 | Brad Phillips and Howard Phillips
    Dr. Jonas Mahleiro Savimbi, Angolan patriot, African nationalist, Christian leader and founder and president of UNITA was murdered by government forces in Moxico, Angola, [in 2002]. Despite the fact that Angolan oil output is the largest in all of sub-Saharan Africa, with the exception of Nigeria, its people are among the poorest in the world. Savimbi was the leader of the only organized opposition to the totalitarian rule in Luanda. He sacrificed his life for more than 40 years in pursuit of liberty and self-determination for his people. He had a following in Angola up until his death because he...
  • He is Back [Tiger Woods Growl]

    12/05/2010 8:39:21 AM PST · by Zuben Elgenubi · 28 replies
    Yahoo Sports ^ | December 5, 2010 | Martin Rogers
    THOUSAND OAKS, Calif. Lee Westwood has spent the past month as the new No.1 golfer in the world, Jim Furyk was voted the PGA Tours Player of the Year, but Graeme McDowell has more claim than anyone to having had the most noteworthy season of all. He won the U.S. Open at Pebble Beach, the first European in 40 years to do so, and was a Ryder Cup hero. That trumps three victories and the FedEx Cup crown, no matter how many million comes with ti.
  • PEARCE: Jerry Brown, oil baron(CARB imposed monopoly?)

    10/14/2010 2:18:27 PM PDT · by Califreak · 18 replies
    The Washington Times ^ | 4/16/10 | Laer Pearce
    In a nutshell: After Jerry's father, Pat, left the governorship in 1967, he was introduced to the Indonesian generals who had just overthrown the country's post-colonial dictator, Sukarno, and set up a military junta. The former governor was able to cobble together a consortium of banks that lent $12 billion to the junta - "a lot of money in the late '60s," Mr. Walters said. The banks were interested in the immense Royal Dutch Shell petroleum holdings in Indonesia, which Sukarno had nationalized and the junta controlled. The grateful generals then set up two trading firms - one in Hong...