Tag Archives: Chevron

How Extreme Energy Leads to Extreme Politics

Authorities in Argentina and beyond are cracking down on indigenous communities that protest resource extraction — while re-writing laws to promote fossil fuels.

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Lobbyists Bundle Big Money for Clinton, Bush

The two candidates leading the money race are pulling in checks rounded up by lobbyists for oil, banking, tech and other major interests.

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More Job Losses Coming to U.S. Shale

With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran's crude oil supply would further contribute to the already rising global supply glut, forcing oil companies to reduce costs. Some of the major oilfield companies like Schlumberger, Halliburton and Weatherford have already announced close to 20,000 layoffs as of February 2015.

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Why Buffett Bet A Billion on Solar

By 2030, millions of people will have transport fuel that is ‘on the house.’ During the midday hours, many grids will experience negative pricing as solar PV floods the market to the extent that the power cannot be stored. As millions of electric vehicles hit the road, they will likely become the default destination for stored electricity. Chevron, ExxonMobil and Shell cannot stop this. They had better think seriously about financing solar and wind arrays.

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Can Argentina Capitalize on its Vast Shale Reserves?

Argentina holds the world's second largest shale gas and fourth largest shale oil reserves. Yet unlike the production boom unleashed by the shale revolution in the US, its vast shale plays have remained comparatively idle. Politics and economics are largely to blame.

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Sliding Oil Prices Still Yield a $90b 2014 for Big Oil

The big five oil companies remained profitable despite steep dip in oil prices, making $16.4 billion in the last quarter of 2014 and $89.7 billion for the entire year.

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Big Oil Wants Tax Breaks to Stay Despite Profits

The 2013 profit totals are in for the big five oil companies — BP, Chevron, ConocoPhillips, Exxon Mobil, and Shell. Their financial reports indicate that they earned a combined total of $93 billion last year, or $177,000 per minute. (see Table 1) After years of oil production declines, the big five oil companies actually increased their total production* in 2013, …

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