Shell takes hit of £3.2bn amid weak oil price as UK companies’ profit warnings go up

Shell takes hit of £3.2bn amid weak oil price as UK companies’ profit warnings go up

Apr 25th, 2015 

by John Donovan. 

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By JON REES, FINANCIAL MAIL ON SUNDAY: 26 April 2015

Shell is expected to report this week that the weak oil price wiped two-thirds off its earnings in the first three months of the year.

The Anglo-Dutch oil giant, which has tabled a £46billion cash-and-shares deal to buy British gas explorer BG Group, is poised to report profits falling to £1.6billion from £4.8billion for the same period last year.

The price of a barrel of Brent crude oil, the benchmark for the oil industry which is denominated in dollars, has fallen from $115 (£76.60) a barrel last summer to $64 on Friday. Other oil indices have fallen too.

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Posted in: Ben van Beurden, BG Group, Canada, Oil Prices, Oil Sands, United States.
Tagged: Canada · Oil · Oil Prices · Royal Dutch Shell Plc

The TRUTH will set you FREE.

Warren to Obama: Stop making 'untrue' trade claims

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By Peter Schroeder - 04/25/15 01:16 PM EDT

Sen. Elizabeth Warren (D-Mass.) told President Obama on Saturday he was making “untrue” claims about his opponents — including herself.

The feud between Obama and the left continued Saturday, when Warren and Sen. Sherrod Brown (D-Ohio) called on the president to immediately declassify the negotiating terms of a pending trade deal with a host of nations known as the Trans-Pacific Partnership.

In an effort to push through trade legislation that would help finalize the deal, Obama has blasted critics on the left, saying they are “wrong” and “don’t know what they’re talking about.”

Liberal critics of the trade deal have griped that the terms have not been made public, arguing it amounts to a secret deal hammered out by other nations with influence from huge corporations.

Obama equated that argument to the “death panels” floated during the ObamaCare debate, as a claim so far-fetched as not to be taken seriously, adding that members of Congress have been frequently briefed on the talks.

“Someone coming up with a slogan like ‘death panels’ doesn’t mean it’s true,” he said Thursday. “The same thing is true on this. Look at the facts, don’t just throw a bunch of stuff out there.”

In response to those claims, Warren and Brown told Obama to release the text of the negotiations to the public. While members of Congress can review documents, it is illegal to release them to the public or discuss specifics.

And if, as Obama says, the trade deal is his best effort to carve out good terms for the working class, they argued there is no reason not to let the public review it before it is finalized.

“The American people should be allowed to see for themselves whether it’s a good deal for them,” they wrote.

“Characterizing the assessments of labor unions, journalists, members of Congress and others who disagree with your approach to transparency on trade issues as ‘dishonest’ is both untrue and unlikely to serve the best interests of the American people,” they added.

The two went on to argue the administration has handed an outsized amount of influence to corporations in hammering out the deal. They said the 28 trade advisory committees on the TPP have 566 members, and 480 of them are “senior corporate executives or industry lobbyists.”

"Fast-track" legislation that would limit Congress's ability to amend trade deals is currently pending before both chambers of Congress, with healthy backing from congressional Republicans. But Warren and Brown also criticized the legislation for going beyond the current trade deal, handing expanded power to future administrations by limiting congressional input as far forward as 2021.

"No one knows who will be using this authority once you leave office," they said.

TAGS:Elizabeth Warren, Sherrod Brown, Barack Obama

The TRUTH will set you FREE.

22+ Heartbreaking Photos Of Pollution That Will Inspire You To Recycle

20 million Americans mobilized on April 22, 1970; 30 years later, that number was up to 200 million citizens of the Earth. What was the cause that brought these people together? The desire to make the Earth a better place.

Earth Day is not a holiday, but an annual event dedicated to demonstrating support for environmental action. Consider the math: in many Western countries, each person generates 4.3lb (1.95kg) of waste every day, up from 2.7 (1.2kg) in 1960. There are now 7.3 billion people in the world; with the current population growth rate of 1.1%, this means that in roughly 64 years, the Earth's population will be almost 15 billion.

That's a lot of garbage. Let's do our part, avoid the mistakes of the past, and keep our planet clean! If you have an image of pollution in our neighborhood, add a photo to this list - and then help clean it up!

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The TRUTH will set you FREE.

WHAT'S YOUR HOPE FOR THE NEW WILD

These days, our relationship with our planet is often called into question. The oft-told story is that there's not enough room for us and for the nature around us. But there are stories that aren't being told about our relationship with our home. Stories of the New Wild -- the place where humans and nature are thriving together -- prove that nature isn't down for the count. These stories prove that we can thrive with the nature around us; in fact, that we need nature and it actually needs us, too. Like pandas in China's Sichuan province, which are thriving in newly protected habitat that people recognized as necessary to preserve this endangered species. Combined with an innovative breeding program, the protected lands are hope that this iconic species will survive. Watch this video of pandas thriving in a habitat that humans are helping to protect. The New Wild provides optimism that, although our home is virtually untouched by humans, we aren't bad for the Earth. We're doing things -- innovative, optimistic, hopeful things -- for the natural world around us that prove that we're a part of nature, too. Will you join us in the New Wild? Share your own hope in the New Wild and help us #KeepHopeAlive. Yours in the New Wild, Stephanie Wear Lead Scientist for Coral Reef Conservation The Nature Conservancy PHOTO: Giant panda at the Chengdu Panda Base in the suburbs of Chengdu in Sichuan Province, China © Nick Hall/TNC.

The TRUTH will set you FREE.

Social Security is not going broke.

Despite what some of my Republican colleagues have said, Social Security is not going broke. It has a $2.8 trillion surplus and can pay every benefit owed to every eligible American for the next 18 years.

Stand with Bernie Sanders!

It's time to scrap the cap and expand Social Security!

At a time of massive wealth inequality, when 99% of all new income generated in this country goes to the top 1%, and when over half of the American people have less than $10,000 in savings, the last thing we should do is cut Social Security.

The best way to extend the lifespan of the Social Security trust fund is to scrap the cap on taxable earnings. Today, a Wall Street CEO who makes $18 million a year pays the same into Social Security as someone earning $118,500. That's absurd. If we simply applied the payroll tax on income above $250,000, not only could we extend Social Security's solvency until 2065, we could also increase benefits to meet the elderly's higher living expenses.

Stand with U.S. Senator Bernie Sanders and Social Security Works in demanding that Congress scrap the cap and expand, not cut Social Security!

To Congress:

With the average Social Security benefit today being just $1,328 a month, and more than one-third of our senior citizens relying on Social Security for virtually all of their income, our job is to expand benefits, not cut them.

We call on you to scrap the payroll tax cap on income above $250,000, extend Social Security's solvency until 2065 and increase benefits to meet the elderly's higher living expenses.

Thank you for standing with U.S. Senator Bernie Sanders and Social Security Works and in calling on Congress to expand Social Security benefits for millions of Americans by asking the very wealthy to pay their fair share. Today there are 43 U.S. Senators on record supporting expansion. Just a year ago that number was in the single digits. You have transformed the discussion around the future of Social Security, but our work is far from over. With Wall Street billionaires and Republicans in Congress focused on cutting the benefits of millions of retirees, children, veterans and disabled workers, we must continue to fight to ensure our elected officials get the message: Expand, don’t cut Social Security!

The TRUTH will set you FREE.

Join Elizabeth Warren In Condemning Fast Track And The TPP

We are so thankful to Senator Elizabeth Warren 

for sounding the alarm on Fast Track 

and the so-called Trans Pacific Partnership (TPP), 

like a regular Paul Revere.

The fact that Congress is still even considering such a heinous surrender of national sovereignty and law is evidence that not enough of us have spoken out yet, and not often enough. We are fighting for our democratic lives here. We're going all out. No matter how many action pages you have responded to already on this, from us or any other group, we are asking our participants to please just keep clicking.In fact, we think it is about high time to literally start burning members of Congress in effigy, starting with Senator Ron Wyden, who ought to know better, in front of his Portland district office. So if you are a political theater type in Oregon, we'd love to hear from

you and we will make it happen. But first the latest action page:

Stop Fast Track TPP:
http://www.peaceteam.net/stop_fast_track_tpp2.php

And here is the petition text:

Any member of Congress who votes for Fast Track for the TPP must be
removed from office . . . regardless of party . . . period.
You are being pushed to approve Fast Track for a so-called trade

agreement that not even your own staff members are allowed to read.

This is hands down the most outrageous, the most evil, and the most

truly craven thing ever proposed as an act of governance.

To the Democrats who think they have negotiated concessions: Jack, in

the Beanstalk story, got a better deal for his family cow than you

did. Empowering multi-national corporations to supercede national law

is non-negotiable. And that is still in there in the form of World

Bank tribunals to enforce corporate profit rights above all else,

which we only know because leakers have risked prison to expose that.

To the Republicans who have already and so frequently accused the

President of exercising dictatorial power: Do you really want to

write a blank check for a president, any president, to be able to

override anything you have done, entire bodies of law, at his sole

discretion. Is there no hypocrisy too great for you to swallow?

Would any of you sign a contract that your own lawyer was not allowed

to read . . . that you yourself are not even allowed a copy to take

with you to examine on your own time?

No light of day . . . NO Fast Track.

---END PETITION TEXT---

The Pen <theteam@peaceteam.net>


The TRUTH will set you FREE.

Sumuntok na sila. Ikaw, nakapag-‪#‎OneForPacman‬ punch ka na ba?

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April 14 ·

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Sumuntok na sila. Ikaw, nakapag-‪#‎OneForPacman‬ punch ka na ba?

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The TRUTH will set you FREE.