Tag Archives: ExxonMobil

This Is How You Handle A Tyrant!

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John Hinderaker at Power Line posted an article yesterday about Rex Tillerson, Donald Trump’s nominee for Secretary of State. I have to say that after reading the article, I like Rex Tillerson’s style. The story that follows is an example of quietly outsmarting someone who tries to take advantage of you.

The article quotes a Washington Post story that details what happened shortly after Tillerson became CEO of ExxonMobil. Hugo Chavez needed money and demanded more of the profits of the western oil companies in Venezuela. All of the companies agreed except ExxonMobil.

The Washington Post reports what happened next:

Chavez responded by nationalizing ExxonMobil’s considerable assets in the country, which the company valued at $10 billion. The losses were a big blow to Tillerson, who reportedly took the seizure as a personal affront.

Only Tillerson didn’t get mad, at least in public. He got even.

In the deep blue waters 120 miles off Guyana’s coast, the company scored a major oil discovery: as much as 1.4 billion barrels of high-quality crude. Tillerson told company shareholders the well, Liza-1, was the largest oil find anywhere in the world that year.

For tiny Guyana (population 800,000), the continent’s only English-speaking country and one of its poorest, it was a fortune-changing event, certain to mark a “before and after” in a country long isolated by language and geography.

The Stabroek block where ExxonMobil and its partners struck oil is off the coast of a patch of wild South American jungle known as the Essequibo territory. Venezuela and Guyana have haggled over it with oscillating levels of vehemence for more than 100 years. Amounting to two-thirds of Guyana’s surface area, it is, by any practical measure, a part of Guyana and populated by Guyanese people, albeit sparsely.

But Venezuelan claims on the land have long kept foreign investors out. In 2013, a research vessel exploring the area for U.S.-based Anadarko was intercepted by a Venezuelan warship, which temporarily detained the 36-member crew. It was a warning to other companies thinking of partnering with Guyana. Tillerson’s ExxonMobil went ahead anyway.

Maduro ordered military exercises along the border, appealed to the United Nations to intervene, and cast his country as a victim of “imperialist” aggression.

But Maduro was boxed in. Tillerson had taken him to school. And he was just getting warmed up. The company has moved quickly to drill more wells since then, racking up new discoveries in the area.

Think about it. Tillerson refused the wishes of a bully, elevated a more reasonable government in a South America country without violence, and made a profit. I like his style.

 

 

The Truth About The New Secretary Of State

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If you believe the mainstream media, you might be convinced that not only did the Russians win the Cold War, they are taking over America. Relax. It’s just the media and the Democrats trying to tell you that the world is going to end because Donald Trump was elected President.

So who is Rex Tillerson and what will he represent as Secretary of State? He is the CEO of ExxonMobil. Rex Tillerson joined Exxon Company, U.S.A. in 1975 as a production engineer. He has a bachelor of science degree in civil engineering at the University of Texas at Austin. So he has worked for the same company for forty-one years. That says good things about him and about ExxonMobil.

The Washington Times posted an article about Rex Tillerson today.

The article reports:

“Rex Tillerson’s Russia problem,” The Washington Post wrote in headline above the fold on Tuesday.

“Trump’s credibility problem on Russia,” NBC wrote, warning: “Tillerson has ties to Russia and Putin, including being awarded Russia’s ‘Order of the Friendship’ honor in 2013 and opposing the U.S.-led sanctions against Russia for its intervention in Crimea. And already, GOP senators are expressing concern about Tillerson’s Russia ties.”

Would Condoleezza Rice, James Baker, Bob Gates and Dick Cheney — who all have endorsed Mr. Tillerson’s nomination — be in favor of handing over Eastern Europe to the Russians? Would they all support a candidate for secretary of state who they believed to be a puppet of Mr. Putin’s?

In a Facebook post Tuesday morning, Ms. Rice wrote: “Rex Tillerson is an excellent choice for Secretary of State. He will bring to the post remarkable and broad international experience; a deep understanding of the global economy; and a belief in America’s special role in the world.

“I know Rex as a successful business man and a patriot. He will represent the interests and the values of the United States with resolve and commitment. And he will lead the exceptional men and women of the State Department with respect and dedication. I look forward to supporting Rex through the confirmation process and then welcoming him to the family of Secretaries of State,” she said.

I am beginning to think that all American patriots should simply tune out the mainstream media for the next four years. I suspect that 99 percent of what they report is going to be ‘fake news.’

We have just experienced eight years where the Gross Domestic Product did not increase by more than 3 percent in any year. That is historically bad. We have watched the labor participation rate sink to its lowest level since the 1970’s. That is also historically bad. America elected a successful businessman who wants to turn the American economy around, lead us to energy independence, and drain the swamp that is Washington. Needless to say, those who profit from the swamp in Washington are going to make his job difficult–Donald Trump’s success is a serious threat to their survival. Expect a lot of pushback on anything Donald Trump does, and expect all Americans to have to fight those establishment politicians who want him to fail. Get ready to call or write your Congressman if he is part of the problem. If you want America to come out of the slump it has been in for the past eight years, you are going to have to make your voice heard.

Using News Stories To Shape Public Opinion

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Today’s Wall Street Journal posted an editorial that clearly shows how the major news media uses the way they report (or not report) stories to shape public opinion.

On Friday it was discovered that an old Exxon Mobil pipeline near Mayflower, Arkansas, was leaking. No one said exactly how much oil had leaked, but Exxon responded with enough people and equipment to handle as much as 10,000 barrels and had the flow stopped and cleanup begun by early Saturday. This event made the headlines–the major media used the leak as an example of the tragedy that would occur if the Keystone Pipeline were built. Well, wait a minute.

Last week a Canadian Pacific Railway train derailed in western Minnesota. The train was carrying crude oil and spilled up to 30,000 gallons. The spill was larger than the leak in Arkansas and took place near a town. The media somehow didn’t bother to cover the story.

The Wall Street Journal goes on to say that in 2008 U. S. railways transported 9,500 carloads of oil. In 2012 that number jumped to 233,811. There were 112 railroad oil spills from 2010 to 2012. From 2006 to 2009, there were 10 oil spills. Pipelines have fewer incidents per mile than rail cars.

Two of the things to keep in mind as the Keystone Pipeline remains in limbo are the fact that the Canadian oil is going to be shipped somewhere–either to America or China and that the person who is profiting by not building the pipeline is Warren Buffett (see rightwinggranny.com). One of the railroads that is in boom times because there is no Keystone Pipeline is Burlington Northern Santa Fe, owned by Warren Buffett and Berkshire Hathaway. As usual, the discussion of the Keystone Pipeline is not really about the environment–it is about the money.

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American Industry Triumphs–Even When It Is Not Allowed To !

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Escopeta Oil and Gas Spartan 151 jackup oil ri...

Escopeta Oil and Gas Spartan 151 jackup oil rig being towed, Kachemak Bay, Alaska (Photo credit: Wikipedia)

There is something very ironic about this story. One of the reasons that the American economy is recovering so slowly is the high price of gasoline. That price is pretty much set by OPEC (made up of countries that generally do not like us) and the falling value of the American dollar.  One of the solutions to that particular problem would be for America to develop its own oil resources and become energy independent. The Obama Administration has done a fairly good job of blocking any attempt to make that happen (offshore drilling, drilling in ANWR, Keystone pipeline, etc.). American oil companies have been limited in where they can explore for oil and where they can drill. Because American oil companies are in business to make a profit, they are going elsewhere!

Breitbart.com reported yesterday that Exxon Mobil has been hired by Russia to drill for oil in the Arctic Ocean–you know–up where the Obama Administration prevented Americans from drilling.

The article reports:

Think about how backward things are under Obama—the largest oil company in America is going to be drilling in waters around the Arctic where they expect to find 85 billion barrels in recoverable oil. And instead of sending it to Texas refineries, and thereafter to gas stations across America, the oil will be sent to Russia and refined for their use.

By the way, if extracted at the rate of 1 million barrels a day, 85 billion barrels of oil would last for 85,000 days.  85,000 days equals well over 200 years.  Yet here we are, listening to Obama telling us the future is one of wind farms, electric cars, and a companies like Solyndra.

Perhaps we’ll get lucky and Russia will sell us some of their oil. If Obama keeps us in this energy stranglehold we’re going to need it.

It seems that one of the casualties of the Obama Administration’s energy policy is common sense.

 

 

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