THE END OF OILTHE OIL MAJOR?

Oct 15th, 2015 

by John Donovan. 

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Shell had to write-down some of its shale assets in the U.S., after spending $24 billion on a bet that failed to pay off, with company executives regretting ever having made the investment.

By James Stafford: Wed, 14 October 2015

A new report finds that the largest oil companies are set to cut spending on exploration by at least half, potentially leading to very few new oil discoveries in the years ahead.

The report from investment bank Tudor, Pickering, Hold & Co., and reported by Fuel Fix, estimates that exploration budgets among the oil majors will drop to $25 billion in 2016, down from $50 billion from just a few years ago. Obviously, low oil prices are taking their toll, forcing deep spending cuts in a desperate attempt to shore up profitability. But the cuts have large implications for the energy sector, increasing the chances that some large oil fields remain undeveloped for years.

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Posted in: Alaska, Arctic, BP, Brazil, Chevron, Conoco Phillips, Exxon Mobil, Gulf of Mexico, Oil, Oil Prices, Royal Dutch Shell Plc, Shale Gas, Shale Oil, Shell, Statoil.
Tagged: Alaska · Arctic Ocean · BP · Chevron · ExxonMobil · Oil · Oil Prices · Royal Dutch Shell Plc · Shell

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Huckabee Suggests Poor People Should Be Sold Into Slavery For Stealing

In case you thought Mike Huckabee couldn't get any more offensive, today he suggested that to improve the U.S. criminal justice system, we should sell people into slavery for stealing. A Donald Trump rally turned violent, with Trump supporters shouting at and spitting on immigrant activists. And to wrap up a great day in American politics, 'moderate' Republican presidential candidate John Kasich released his tax and spending plan, which would gut poverty programs. Read about it in our top news of the day: Huckabee Suggests Poor People Should Be Sold Into Slavery For Stealing The United States criminal justice system could be improved if we sell poor people convicted of crimes into slavery, according to Republican presidential candidate Mike Huckabee....(read more) Trump Rally Turns Violent As His Supporters Push And Spit On Immigrant Advocates Second Republican Congressman Admits Benghazi Committee Was ‘Designed To Go After’ Clinton Feds Fight To Make Bankrupt Man, Unemployed For A Dozen Years, Pay Back Student Loans James Murphy, 65, can’t pay his student loans. He owes more than $200,000 in federal loans that he took out to pay for college for his three children. After a dozen years of unemployment, Murphy is asking a bankruptcy court to free him from the six-figure obligation to the Department of Education (ED). ...(read more) ‘Moderate’ GOP Candidate Releases Extreme Plan To Gut Poverty Programs And Give Handouts To The Rich ThinkProgress | Center for American Progress Action Fund 1333 H ST NW | Washington, DC 20005 Contributions to Center for American Progress Action Fund are not tax deductible

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Shell to open 400 hydrogen fuelling stations in Germany by 2023

Oct 15th, 2015 

by John Donovan. 

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Shell to open 400 hydrogen fuelling stations in Germany by 2023

by Veselin Valchev: Wednesday, 14 Oct 2015

Royal Dutch Shell Plc (LON:RDSA) announced yesterday that it has signed a declaration of intent with its H2 Mobility Germany joint venture partners and Germany’s federal transport minister over plans to roll out 400 hydrogen fuel stations by 2023.

The pumps, three of which the venture has already opened and operates, refuel hydrogen fuel cell electric cars – environmentally neutral vehicles, which, however, have struggled to make headway into consumer markets.

“Hydrogen-fuelled electric vehicles could play a key part in a low-carbon, low-emission, future,” said Oliver Bishop, General Manager of Hydrogen at Shell. “H2 Mobility Germany shows what we can achieve through close collaboration between governments and business. The next step is for consumers to embrace this opportunity and consider buying hydrogen vehicles as they become available.”

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Posted in: Alternative Fuels, Royal Dutch Shell Plc, Shell.
Tagged: Royal Dutch Shell Plc · Shell

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ROBERT REICH DEBUNKS REPUBLICAN DEFICIT HAWKS

TRANSCRIPT

:01

it looks like congress is heading into another big brawl over the federal

0:11

budget deficit and national debt and the debt ceiling and deficit hawks are going

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to be waving scary numbers don't be fooled here are the three basic

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principles you need to know first deficit and debt numbers are meaningless

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on their own they have to be viewed as a percent of the national economy that

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ratio is critical as long as the yearly deficit continues to drop as a percent

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of the national economy as it's been doing for several years now we can more

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easily pay what we owe second American leads to run larger deficits when lots

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of people are unemployed or underemployed and they still are today

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at millions who remain too discouraged to look for jobs have dropped out of the

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workforce altogether and millions more are in part-time jobs and need full-time

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work as we've known for years in every economic downturn and in every

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struggling recovery more government spending

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helps create jobs teachers firefighters police officers social workers also

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people to rebuild roads and bridges and parks and those jobs and that spending

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multipliers to the economy doing the opposite

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cutting back spending a lot of people are still out of work as congress has

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done with the sequester as much of Europe is done

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causes economies to slow or even shrink which makes the deficit larger in

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proportion this is why austerity economics can be a recipe for disaster

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as it's been in Greece creditors and institutions worried about Greece's debt

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forced it to cut spending the spending cuts led to a huge economic recession

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which reduced tax revenues and made the debt crisis there even worse there in

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finally deficit spending on investments like education infrastructure is

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different

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than other forms of spending because this spending investment spending bills

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productivity and future economic growth is like a family borrowing money to send

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a kid to college respond to business if the likely return on the investment

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exceeds the borrowing costs it should be done keep these three principles in mind

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and you won't be fooled by scare tactics of the deficit hawks and you'll

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understand why we have to end the sequester but more people to work and

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increase rather than decrease spending on vital public investments like

2:38

education and infrastructure

The TRUTH will set you FREE.

Republicans are already talking about holding Social Security and Medicare "hostage"

Dear Friend,

Looks like a chaotic Congress is barreling toward another big brawl over the federal budget deficit, the national debt, and the debt ceiling—on a crash course for early November, when it must raise our nation's debt limit.^1,2

And Republicans are already talking about holding Social Security and Medicare "hostage" during negotiations—hell-bent on getting cuts in exchange for a debt ceiling hike.³

Please watch and share my latest MoveOn video—Austerity 101—to learn three basic principles you need to know so you won't be fooled by deficit hawks waving scary numbers.

Last week, U.S. Treasury Secretary Jacob Lew asked whether our nation would "muster the political will to avoid the self-inflicted wounds that come from a political stalemate."⁴ 

It's a fair question. And there's only one economically sound answer: We've got to. Congress must end the sequester, put more people to work, and increase our nation's investment in sectors like education and infrastructure.

Help make sure your friends and neighbors also get the facts they need to make their voices heard, by watching and sharing Austerity 101right now.

Thanks for all you do.

–Robert Reich

Sources:

1. "Congress faces looming deadlines amid chaos of House speaker election," CBS News, October 8, 2015
http://www.moveon.org/r?r=307806&id=133733-19913724-5vKZ3Ax&t=4 

2. "Treasury's Lew Says Congress Must Raise Debt Limit by Nov. 5," The Wall Street Journal, October 1, 2015
http://www.moveon.org/r?r=307807&id=133733-19913724-5vKZ3Ax&t=6 

3. "Senate Republicans decide on their debt ceiling hostages: Social Security and Medicare," Daily Kos, October 13, 2015
http://www.moveon.org/r?r=307822&id=133733-19913724-5vKZ3Ax&t=7

4. "US Treasury Secretary Blames Congress for Debt Limit Delays," ABC News, October 8, 2015
http://www.moveon.org/r?r=307808&id=133733-19913724-5vKZ3Ax&t=8

Want to support our work? MoveOn member contributions have powered our work together for more than 17 years. Hundreds of thousands of people chip in each year—which is why we're able to be fiercely independent, answering to no individual, corporation, politician, or political party. You can become a monthly donor by clicking here, or chip in a one-time gift here.

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Here’s Sanders in Your Eyes

Here’s Sanders in Your Eyes Posted: 15 Oct 2015 07:40 AM PDT By Bob Dorn  Time for another look at politics 2015. No, no, no, don't go back to Ultimate Fighting, or The Kardashians, or wondering whatever became of Justin Bieber, Justin Timberlake or that kid on Via Amnesia named Justin whose pants keep falling below his crack. Forget the distractions for a moment and try to focus on wtf is going on. Let's look at the S-words, and the J-word. One S-word is Sanders, short for Bernie Sanders. Another S-word is Socialist, that's the elephant in the room.   [Read more...] shared from San Diego Free Press A Dark and Dirty Shadow Falls Over California Plastic Bag Ban Posted: 15 Oct 2015 10:56 AM PDT By Doug Porter Efforts to eliminate the use of plastic grocery bags in California face all-out opposition via two well-funded industry campaigns in 2016. Hilex Poly, Superbag Corp, Advance Polybag and Formosa Plastics Corporation are expected to cough up most of the probable $55.3 million price tag for the efforts. An estimated $38.1 million war chest will back a November referendum aimed at SB270, State Senator Alex Padilla’s bill banning the use of plastic bags. The measure was suspended following a $3.2 million signature-gathering campaign funded by the American Progressive Bag Alliance. And just to make sure they get their way, industry proponents are spending an estimated $4 million qualifying a second ballot measure innocuously titled the Environmental Fee Protection Act. It’s likely they’ll spend $17.2 million selling this bit of misdirection, according to Forward Observer.com.   [Read more...]

Race to the Bottom Posted: 15 Oct 2015 07:50 AM PDT By Jeeni Criscenzo Driving back to San Diego from a conference in Fresno down 99 through the San Joaquin Valley, you’d have to be sleep-driving not to see it – the Death Valley of California. Miles after miles, acres after acres, east and west, abandoned farmland as far as the mountain edged horizon, not so long from being lush that you couldn’t identify what once was, or dread what isn’t yet – that rugged desert that comes next, after the tiniest bit of rain.   [Read more...]

Here’s Sanders in Your Eyes Posted: 15 Oct 2015 07:40 AM PDT By Bob Dorn Time for another look at politics 2015. No, no, no, don't go back to Ultimate Fighting, or The Kardashians, or wondering whatever became of Justin Bieber, Justin Timberlake or that kid on Via Amnesia named Justin whose pants keep falling below his crack. Forget the distractions for a moment and try to focus on wtf is going on. Let's look at the S-words, and the J-word. One S-word is Sanders, short for Bernie Sanders. Another S-word is Socialist, that's the elephant in the room.   [Read more...]

‘Sunshine/Noir II’ is for Bibliophiles Posted: 15 Oct 2015 07:26 AM PDT San Diego City Works Press' distinctive approach to book as object By Anna Daniels While mass market publishing continues to flourish and self-publishing has increased, small independent presses have declined over the past decades. Those of us who can't imagine a trip to San Francisco without a visit to the City Lights bookstore are an indication of the limited but passionate support that still remains for independent publishing. Small presses release limited runs of titles and address a specific niche and readership which mass marketing publishers largely ignore. They seek out emerging talent, provide a platform for out of the mainstream views and take risks that go far beyond the financial-- City Light's publication of Allen Ginsberg's Howl in 1955 resulted in an obscenity trial. Another small press hallmark is the attention to how the book as an object feels and looks. That means high quality paper and unique cover art and illustrations. San Diego City Works Press' release of Sunshine/ Noir II is a reminder of what small independent publishers can do better and differently than the big guys.   [Read more...]

Buena Vista Social Club in the (White) House! Posted: 15 Oct 2015 07:24 AM PDT By Staff Here's something to celebrate--the Cuban musicians who compromise the Buena Vista Social Club will be performing at the White House on October 15. They have been touring the United States for almost twenty years. They got their start in 1997 when Ry Cooder searched out a number of aging and forgotten singers and musicians from Cuba's rich musical past, brought them together and cut the album Buena Vista Social Club. Wim Wenders documented the process and outcome in his popular film of the same name. It's worth remembering that while the group was well received here, there was bitter and loud push back from the most anti-Castro segments of the Cuban exile community in Miami.  [Read more...]

The TRUTH will set you FREE.

The Second Amendment Doesn't Say What You Think It Does

MUST-READ

The Second Amendment Doesn't Say What You Think It Does As America grapples with a relentless tide of gun violence, pro-gun activists have come to rely on the Second Amendment as their trusty shield when faced with mass-shooting-induced criticism. But their interpretation is wrong. [READ MORE]

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