Saturday, September 19, 2015
A lifelong Republican told me he had decided to leave the GOP
Robert Reich via Facebook.com
"I kept thinking my Republican Party would come back. But now I know it’s dead. The Party is now a sinkhole of ignorance and bigotry."
Why we MUST drill for oil in the Arctic: Shell boss’s message to climate change campaigners and governments
Why we MUST drill for oil in the Arctic: Shell boss’s message to climate change campaigners and governments
By JON REES, FINANCIAL MAIL ON SUNDAY: 20 Sept 2015
Some green campaigners seem to believe Shell boss Ben van Beurden would be happy dunking polar bears in thick, black crude oil if it helped make the planet even hotter.
But van Beurden, the 57-year-old engineer who has run Royal Dutch Shell for nearly two years and has given the company the green light to drill in Arctic waters, believes his view of the world’s future is considerably more honest than that of many environmentalists.
‘The amount of energy we consume is going to double in the first half of the century so we will have to supply twice as much as we do today as an industry. Most renewables produce electricity, and electricity is just 20 per cent of the energy mix. Where is the other 80 per cent going to come from?’ says the Dutchman.
The TRUTH will set you FREE.
Shell’s dividend gusher can survive a prolonged siege
Shell’s dividend gusher can survive a prolonged siege
If the oil price stays low, Shell’s van Beurden may have to eat his words Photo: AFP
Sunday Telegraph: Jeremy Warner: 20 Sep 2015
Ben van Beurden, chief executive of Royal Dutch Shell, is on a charm offensive to convince investors – and the press – that both the dividend is safe and the pending £45bn takeover of BG Group will proceed as planned. These promises attempt to address what is in essence the same underlying worry – the low oil price and its prospects for recovery.
In each case, the markets are plainly sceptical. Shares in Shell are on a barely believable yield of more than 7 per cent, indicating a high probability of a dividend cut to come, while BG shares trade on a discount of more than 10 per cent to the see through value of Shell’s offer.
The TRUTH will set you FREE.
Shell/Exxon NAM JV cuts 2000 jobs due to low oil price and liability for Dutch earthquakes
Shell/Exxon NAM JV cuts 2000 jobs due to low oil price and liability for Dutch earthquakes
“Thousands of buildings have been damaged in earthquakes caused by the ground settling after the gas has been removed. ‘NAM has continued to drill in Groningen even though it is well aware of the risks, and has put dozens of lives in danger…”
By John Donovan: Saturday 19 Sept 2015
A spokesperson for the Dutch Petroleum Company (NAM) – a joint venture between Royal Dutch Shell and ExxonMobil – confirmed earlier today that the Company is cutting 2,000 jobs.
The downsizing results from the collapse in oil and gas prices and concern over massive multi-billion dollar liability arising from the NAM induced earthquakes in Holland arising from gas extraction at the Groningen field.
RELATED
Top lawyer takes on NAM over Groningen quake dangers
High profile lawyer Gerard Spong has made a formal complaint against gas extraction company NAM, saying he holds it responsible for deliberately damaging houses and other property in Groningen province.
The TRUTH will set you FREE.
Shell completes Corrib as partner confirms €243m loss
Shell completes Corrib as partner confirms €243m loss
Shell Ireland has declared that the on-site work is now complete for the gas to flow from the Corrib Gas field.
Some of the more than 900 employees pictured during construction of the Corrib Gas Processing Terminal at Bellanaboy.
Irish Independent: By Gordon Deegan: Saturday 19 Sept 2015
Shell Ireland yesterday declared that on-site work is complete for gas to flow from the Corrib gas field.
Shell E&P Ireland confirmed that from a technical point of view, production of gas can now start – 19 years after gas was discovered in the gas field off the coast of Mayo.
However, the Corrib Gas Partners cannot commence production until two separate permits are granted by the Environmental Protection Agency (EPA) and the Dept of Communications, Energy and Natural Resources.
The TRUTH will set you FREE.
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