New Shell UK Boss Paul Goodfellow

New Shell UK Boss Paul Goodfellow

Apr 3rd, 2015

by John Donovan. 

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Written by Keith Findlay – 03/04/2015

OGA move prompted change at the top for Shell’s UK North Sea business

Shell has a new boss at the helm of its UK North Sea business after Glen Cayley, who was the oil and gas giant’s upstream director for the region, left to join the new Oil and Gas Authority (OGA).

Paul Goodfellow took over as Shell’s upstream vice-president for the UK and Ireland last month in a low-profile change.

One of his first tasks was to oversee last week’s announcement of 250 job cuts and changes to offshore shift patterns.

Mr Goodfellow was previously unconventionals vice-president, US and Canada, for Shell’s upstream business in the Americas.

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Posted in: Oil, Paul Goodfellow, Royal Dutch Shell Plc.
Tagged: Oil · Royal Dutch Shell Plc

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THOUGHTS TO PONDER THIS GOOD FRIDAY

They're not celebrities. They're homeless. And these tweets are awful.

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 Curator: Franchesca Ramsey

Jimmy Kimmel's "Celebrities reading mean tweets" is one of his funniest and most parodied segments. But when a Canadian charity asked local homeless folks to read what people had to say about homelessness on Twitter, the result wasn't funny at all.

Homeless people are still people.

One December evening, my husband Patrick and I were stopped outside our building by a homeless man asking for a cigarette. Pat, being the friendly and talkative guy that he is, happily offered him a cigarette and struck up a conversation with him while I tried to hurry us inside away from the cold. It was in those few moments — while Pat and the man laughed about how crappy the winter had been and the price of cigarettes — that a wave of embarrassment washed over me. Here I was feeling put out over a few minutes chatting with this man because I was cold. 

Meanwhile, he'd be stuck outside long after our conversation ended. And in talking to him, the man went from being a "homeless guy" to being a guy in our neighborhood who was fed up with city life just like we were, but he was still able to laugh it off with a smile.

And while I consider myself to be a pretty compassionate person with tons of empathy to go around, the lesson here is that it's too easy for many of us to forget that the homeless folks who line our city sidewalks are real people with hopes, dreams, families, and challenges just like everyone else. These people are not inconveniences to our selfish daily lives. They're people.

It's not easy being homeless.

There are tons of reasons people end up on the streets: debt, mental illness, family tragedy, and addiction. There's also a growing population of homeless LBGTQ youth, many of whom were put out by their own families. That's why comments like the ones presented in the video above feel so incredibly heartless.

But if being without a home and dealing with the stigma of being homeless wasn't hard enough, some states are enacting tough laws that leave homeless folks without places to sleep and that even penalize citizens for food sharing.

And while it was heartbreaking watching the folks in the "Homeless reading mean tweets" video confront the nasty misconceptions that too many have about the homeless, here's hoping it helps reframe the way we think about the homeless and the aid they need and deserve.

Interested in helping the homeless in your community? Check out "35 ways to help the homeless" from JustGive.org

The TRUTH will set you FREE.

Choices we have to make during a drought

A short, funny video that shows the kind of choices we have to make during a drought.

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 Curator: Robby Berman

This video from the Los Angeles Department of Water and Power (LAWPD) shows the kinds of choices that will be made if California's drought gets any worse. When you're out of water, things get real. Fast.

In the video, a group of thirsty people are waiting for water.A guy finally arrives, dragging a hose behind him. Sweet relief! The water is here!

But then ... wait, what?

He runs right past them. It turns out he brought the water for something else: some guy's plants.

Yeah, really.

And while the video is funny, it's not "ha-ha funny." It's more "sad funny." It's about a very real choice that's been happening across the state for going on four years now.

California's in year four of a brutal drought.

A year after first declaring a state of emergency and begging citizens and businesses to voluntarily cut water use, the time has come.

Speaking from a patch of dry grass in the Sierras that should be under five feet of snow right now, California's governor, Jerry Brown, recently ordered the State Water Resources Control Board to cut water use by 25%. Period.

Drinking water is becoming too precious.

The state is struggling to meet its basic H2O needs, and now everyone has to think about about how they're using the little water that is available.

Rain barrels, water cisterns, and curb cuts are methods that families and neighborhoods are using for their lawns and gardens, since just an inch of rain can supply thousands of gallons of water for non-drinking uses.

And pro-tip for the guy with the hose in the video who chose to water plants instead of sharing it with the people: You can get water for plants from the sky. Save the safe drinking water for the human beings, OK?

The plan is simple. Everyone needs to do their part to conserve water.

The only way through this is if everyone can trust everyone else to do their part. Here's some guidance from California for how to conserve your precious H2O. And if you're not in California, there are still ways you can help.

Watch the video below:

The TRUTH will set you FREE.

NASA made an adorable video explaining climate change

NASA made an adorable video explaining climate change. l think a lot of people will FINALLY get it.

SOURCE OF ARTICLE

 Curator: Phoebe Gavin

You've probably *heard* that the earth is warming. But how do scientists actually *know* it's happening?

Here's your Hot Planet 101, courtesy of NASA. Take a minute to watch it, then we'll see how it's affecting life on earth right now.

If the symptoms of planetary fever are shrinking glaciers, rising sea levels, hotter heat waves, stronger hurricanes, and shifting plant and animal ranges, it's worth asking: Is that stuff really happening? Well, let's take them on one at a time.

1. Are the glaciers shrinking?

 "The collapse of the Larsen [Ice Shelf] appears to have been due to a series of warm summers on the Antarctic Peninsula, which culminated with an exceptionally warm summer in 2002. Significant surface melting due to warm air temperatures created melt ponds that acted like wedges; they deepened the crevasses and eventually caused the shelf to splinter." — NASA Earth Observatory

Yo, this ice shelf the size of Rhode Island disintegrated in four months.

NASA's scientists estimate that the Larsen Ice Shelf Complex shed 2 to 4 billion metric tonnes into the ocean per year in 1996 and 2000. But in 2006, that increased a startling 10 times to 22 to 40 billion tonnes lost.

2. Are plants and animal ranges shifting?

Plants and animals get cues from the world around them. They know when to go dormant, where to grow, and when to reproduce by the temperature patterns around them.

As weather patterns change, those same cues lead them to live and breed in new areas. It might sound harmless, but scientists are concerned. Not every species is welcome in its new haunt.

An invasive species is any organism that is not native to an area and poses a threat to plants or wildlife native to the area. Usually, an invasive species is brought to an area by humans (sometimes by accident and sometimes intentionally to adorable and horribleeffects).

But climate change is transforming the temperature trend lines across the United States, and species like the kudzu that normally stay in warmer climes are taking notice andslowly creeping their way north.

Many species that live in colder climates are simply migrating north as their stomping grounds become too warm for them. For some species, this is a gradual change, but for others, it's astonishingly fast ( the comma butterfly's habitat has shifted north nearly 7 miles annually over the last 20 years).

But this cutie pie (above — OMG, look at those ears!) lives in the mountains of the western U.S. The America pika can't fly to a new mountain range like a bird or butterfly. And because it can die from overheating in just hours, it can't hop to another zone either. It may just be doomed to slowly lose its habitat completely to warming.

3. Are sea levels rising?

Increases in sea level have tracked strongly with human activity. We started burning fossil fuel during the Industrial Revolution (1760-1850), and our use of coal, oil, and natural gas has increased every year. Sea levels, in response to steadily warming temperatures, also rose steadily.

Unfortunately, the sea level projections don't look like a straight line. It looks like an upward sloping curve. Sea levels aren't increasing at the same rate every year — thatrate is increasing.

At present, sea levels are projected to rise by as much as 3 feet by 2100.

With the planet's ice reserves falling into the oceans faster than humanity has ever seen,the excess water has to go somewhere. 1.6 million people live in the islands scattered across the Pacific (3 million, if you count Hawaii), and they are all in danger of slowly losing their homelands.

But rising sea levels won't just affect faceless people of nations you've never heard of that you don't pronounce correctly (like Kiribati).

Ever heard that saying "A rising tide lifts all boats"? Let's revise that: "A rising tide sinks all coastal communities."

Nearly 40% of Americans live in a coastal county.

Rising sea levels could make significant portions of New York City unlivable.

4. Have recent heat waves been more intense?

Heat waves — unusually long periods of unusually hot weather — have become more frequent in the last 30 years.

The heat patterns that have emerged in the last 30 years have been shared across the globe. (I see you eyeing that big spike in the middle, but the extreme heat and drought that created the Dust Bowl was an anomaly almost exclusively experienced by North America.)

Global temperature has been rising since the end of the Industrial Revolution; there's no question about it.

Dark blue indicates areas cooler than average. Dark red indicates areas warmer than average.

"Most of this warming has occurred since the 1970s, with the 20 warmest years having occurred since 1981 and with all 10 of the warmest years occurring in the past 12 years." — NASA Global Climate

It seems Earth's hottest days are ahead of it.

5. Have recent storms been more intense?

Damn skippy. In the 23-year period from 1980 to 2003, the National Oceanic and Atmospheric Administration recorded 58 weather related disasters that cost at or over a billion dollars in damages.

"But yesterday it was unseasonably cold, and there's a massive blizzard in the Northeast."

Well, weather and climate are different. Weather is an event. Climate is a pattern of events. Any one of these years is an example of a weather event, but the red line is climate pattern (warming, obvi).

It's time to take our medicine. Let's change the way we treat the planet so we can keep on having it.

The TRUTH will set you free.

The Hidden Effects of Cheap Oil

MOISÉS NAÍM       MAR 31 2015, 10:36 AM ET 
Moisés Naím is a contributing editor at The Atlantic and a distinguished fellow in the International Economics Program at the Carnegie Endowment for International Peace. He is author of more than 10 books, including, most recently, The End of Power.

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The Daily Digg Wednesday, April 1, 2015 THE RIG IS UP The Hidden Consequences Of Low Oil Prices theatlantic.com From Russia to your local gas station, the consequences of low fuel prices are clear. But the consequences of those consequences are less apparent.

An oil field in the Siberian city of Krasnoyarsk ( Sergei Karpukhin/Reuters )

From Russia to your local gas station, the consequences of low fuel prices are clear. But the consequences of those consequences are less apparent.

What do Russia, Exxon Mobil, and ISIS have in common? Not much, except that they’re all grappling with an inconvenient but incontrovertible truth: a sudden, significant, and prolonged shift in the price of oil changes the world.

That truth was on display in 1974, and it’s on display again now. Over the course of just a few months in 1973-1974, the price of oil surged from $3 to $12 per barrel. The new price created new global economic powers: oil-producing countries primarily in the Middle East and North Africa. It also dealt a severe blow to the economies of the United States, Europe, Japan, and other oil importers. The oil shock altered power relations between the world’s main geopolitical players and created new ones. Higher oil prices had many unexpected consequences—from breeding oil wars to fueling the

international spread of Islamic fundamentalism thanks to funding from newly super-rich countries like Saudi Arabia. Today’s drop in crude-oil prices, which began in the summer of 2014, may be as disruptive as the quadrupling of oil prices that created the oil shock of 1974.

Some of the effects of this decline in oil prices have been clear and immediate; picture happy Americans at gas stations and frantic government officials in oil-exporting countries forced to cut public budgets and consequently risk social and political turmoil.

The elements of a changing world, from technology and business to politics and culture.
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In Russia, for instance, the ruble has suffered a steep devaluation, stock-market prices have fallen, the Central Bank’s reserves are shrinking, capital is fleeing the country, export revenues are down, and foreign investment has practically dried up. Russia’s sovereign bonds have been downgraded to junk status by credit-rating agencies. All of this largely stems from contracting oil and gas revenues(which account for 68 percent of Russia’s total export revenues and 50 percent of its federal-budget revenues) and economic sanctions imposed by the United States and Europe as a result of the Kremlin’s behavior toward Ukraine. Some fear that a belligerent Vladimir Putin could stir trouble abroad to distract from the deteriorating economic situation at home.

In Venezuela, the economy was already in shambles when oil was at $120 per barrel, and it’s now spinning out of control as a result of rampant corruption, woeful management, and lower oil prices. President Nicolas Maduro has responded by blaming the dire situation on a U.S.-led international conspiracy and ramping up repression of critics and opposition politicians.

But these direct consequences are having consequences of their own, and these second-order effects are only beginning to become apparent. In December, Chevron canceled a $10billion shale-gas exploration project in Ukraine, which the Ukrainian government was counting on to help stimulate its troubled economy and, eventually, lower its dependence on Russian gas. It’s just one example of a broader, industry-wide trend: scrapping or postponing energy projects that have suddenly become too risky or not economically viable at a lower oil-price level. According to Goldman Sachs, $1 trillion worth of investments in energy projects could now be at risk. In the long run, this may mean less oil production and higher energy prices. But in the short run, the abrupt disappearance of this enormous investment flow is bound to hurt energy companies—and especially their equipment suppliers and the construction and engineering firms that were planning to execute these projects. It will also hurt the cities and regions, from Texas to Lagos, where these companies operate.

Not all of the second-order consequences of lower oil prices are negative. Consider this comment from a recent International Monetary Fund report on Malaysia’s economy:

After raising electricity tariffs in early 2014, [the government] took advantage of lower energy prices in the second half of 2014 to reduce and ultimately remove remaining gasoline and diesel subsidies. … [Subsidy reform should] help broaden the base of [the] federal revenue system and diversify it away from volatile oil and gas revenues. A strengthening of Malaysia’s social safety net is an integral part of the authorities’ fiscal strategy. The removal of subsidies freed up resources that can be redirected to better support poorer households through better targeted cash transfers.

Countries from Oman to Indonesia have undertaken similar campaigns to scale back or  eliminate fuel subsidies. In India, the Modi government cut costly public subsidies of diesel fuel, which were long understood to be counterproductive but were nevertheless politically unpopular to shed. Energy subsidies, which amount to more than $540 billion per year worldwide, are as common as they are damaging to economies, the poor, and the environment, since they stimulate consumption and undermine efforts to save energy and use it more efficiently. According to the World Bank, these subsidies are highly regressive: As much as 60 or even 80 percent of what governments in the Middle East and North Africa spend to subsidize energy benefits the richest 20 percent of the population, with the poor receiving less than 10 percent of these public funds.

Lower oil prices could also reduce incentives to produce the kind of extra-heavy, extra-polluting oil that is found at some of the world’s largest oil reserves, including those in Venezuela’s Orinoco river region. Due to the high production and upgrading costs associated with heavy oil, the development of these reserves is likely to be postponed. The problem is that low oil prices are eroding the economic viability of cleaner energy sources like solar and wind. Optimists hope that plummeting oil-and-gas prices will encourage producers of renewable-energy sources to improve their technologies and production methods, making these sources cheaper and more economically viable. This, in turn, could make renewable energy more commercially attractive once the price of oil rebounds.

Financial markets, too, are being reshaped by the cost of crude. Falling prices can harm the balance sheets of energy companies by driving down the volume of proven reserves that these corporations can count as marketable assets—reserves, mind you, that are one of the main drivers of the market value of these companies. As oil prices drop, the increasing production costs of some oil reservoirs will make these reserves commercially unviable. Such reservoirs will become a new kind of “stranded asset,” a term coined to describe fossil fuels that will not be used as climate-change concerns lead governments to stimulate alternative-energy sources and make the consumption of hydrocarbons more expensive. Upheaval in corporate valuations could lead to a wave of mergers and acquisitions among energy companies, transforming the structure of the industry.

How low will oil prices drop? And how long will this period of low prices last?

Meanwhile, some of the world’s largest sovereign-wealth funds—or state-owned investment vehicles—belong to oil-and-gas producing countries. The Norwegian fund, for example, owns about 1.3 percent of all global securities. A prolonged depression in oil prices might force Norway to finance its fiscal shortfall with resources from its sovereign fund. This would entail the liquidation of sizable investments, and thus exert downward pressure on global equity markets. In fact, Norway’s $840-billion fund has already set up an expert group to evaluate whether it should stop investing in fossil-fuel companies, in anticipation of hydrocarbon assets losing significant value.

In the geopolitical realm, the relationship between Russia and Europe has already been disrupted, both by low oil prices and the conflict over Ukraine; the cancellation of Gazprom’s South Stream pipeline across the Black Sea and Southeastern Europe is just one manifestation of the evolving energy equation in the region. Russia’s relationship with China is also in flux. Matt Ferchen of Beijing’s Carnegie-Tsinghua Center for Global Policy envisions closer economic cooperation between the two large nations: “China’s calculations in terms of energy deals hinge on a more advantageous bargaining position over the price of oil. … Russia, now under fire from sanctions and a drop in commodity prices, therefore needs a partner.”

In Latin America and the Caribbean, Venezuela’s political influence is waning as a result of many factors, paramount among them that the Bolivarian government no longer has the flush oil revenues that allowed Hugo Chavez to gain enormous influence by subsidizing oil supplies to friends and denying those supplies to foes. Countries that have been dependent on its largesse will have to look for alternatives, which might require engagement with other political forces in the hemisphere. The collapsing price of oil played a role in the recent rapprochement between Cuba and the United States. Venezuela’s economic crisis heightened the risk that Havana would no longer be able to count on the enormous subsidy it has enjoyed for more than a decade from Caracas. The Cuban regime was thus eager to find another source of economic support. It found one in America.

Nowhere are the second-order consequences of cratering oil prices more varied, important, and unpredictable than in the Middle East. In a Financial Timesarticle in February titled “ISIS struggles to balance books as finances are squeezed,” reporter Erika Solomon wrote, “The world’s richest jihadi group is not as flush as it once was. It has cut spending on fuel and bread subsidies, while increasingly shaking down locals for cash. Fighters themselves may be feeling the squeeze, too.” Analyst Torbjorn Soltvedt estimated that the militant group’s revenue from selling oil had dropped to $300,000 per day, down from between $1 million and $2 million a day in 2014. “I don’t think [the oil-revenue decline] will lead to [the Islamic State’s] collapse. … But it might accelerate their implosion,” Soltvedt told Solomon. Iran, meanwhile, has entered into negotiations with world powers over its nuclear program for a variety of reasons. But the fact that Iran is one of the world’s hardest-hit oil producers is surely one of them.

All of these outcomes—both the direct and immediate, and the indirect and distant—hinge on two questions: How low will oil prices drop? And how long will this period of low prices last? Venturing answers is risky business; virtually no expert, corporation, or government anticipated the revolutionary drop in prices that began in the summer of 2014. But there are signs that the new normal could remain normal for some time. As Rex Tillerson, the CEO of Exxon Mobil, put it, “The world should ‘settle in’ for a period of relatively weak oil prices. U.S. shale production is more resilient than many people had expected and demand growth in China and elsewhere has slowed. Those conditions could persist.”

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This post has been adapted from Moisés Naím’s article, "The consequences of the consequences of low oil prices."

The TRUTH will set you free.