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Wednesday, May 27, 2015

Oil Majors Falling Out Favor With This Hedgefund Boss

May 27th, 2015

By Andy Tully: Posted on Tue, 26 May 2015

Huge oil companies, among the largest businesses in the world, don’t excite hedge fund manager Jim Chanos because today they have to work harder and more inefficiently than ever to bring their products to market.

“[W]e’re just seeing that … these guys like Exxon and Chevron and Royal Dutch Shell are simply replacing $20 [per barrel] oil with $80 oil,” Chanos said May 24 on the PBS television program “Wall Street Week.” “So high return-on-capital businesses are becoming more mundane return-on-capital businesses.”

Posted in: BG Group, Oil Company Profits, Oil Prices, President Putin, Royal Dutch Shell Plc, Russia.
Tagged: BG Group · Gas · Oil Prices · Royal Dutch Shell Plc · Shell

The TRUTH will set you FREE.

Exxon, Hunt among companies approved to bid on drilling in Gulf of Mexico

May 27th, 2015

by John Donovan.

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“Shell, the European oil giant, and Brazil’s national oil company Petrobras, both of which had initially explored pursuing drilling rights in Mexico, ultimately decided to pull their applications…”

By JAMES OSBORNE: Staff Writer: Published: 26 May 2015

Exxon Mobil and Hunt Oil aren’t turning their backs on Mexico’s oil fields yet.

The North Texas-based oil companies were among 26 entities approved to bid on drilling rights in the shallow-water Gulf of Mexico off Veracruz, the Mexican government announced Monday.

Mexican President Enrique Peña Nieto announced in 2013 that the country was opening its oil and natural gas fields to foreign companies for the first time in almost 80 years to try to revive lagging production. But enthusiasm has waned since last summer, as low crude prices threaten drilling projects worldwide.

Posted in: Exxon Mobil, Gulf of Mexico, Oil, Royal Dutch Shell Plc.
Tagged: ExxonMobil · Gulf of Mexico · Royal Dutch Shell Plc · Shell

The TRUTH will set you FREE.

This Presidential Candidate Wants Everyone To Be Able To Take A Vacation

BY BRYCE COVERT

POSTED ON MAY 27, 2015 AT 9:21 AM

Sen. Bernie Sanders (I-VT) speaking at his kick off rally

CREDIT: AP/ANDY DUBACK

Vermont Senator Bernie Sanders (I) held his first rally after launching his bid for the Democratic presidential candidacy on Wednesday evening. And during his speech, he made a call for “guaranteed vacation time for every worker in this country.”

That’s a first for someone vying for the American presidency, according to Dean Baker, co-director of the Center for Economic and Policy Research. “I feel pretty comfortable saying that it is a first,” he said. “I’ve been pushing on this one for years and I’m pretty sure I would know if another candidate had pushed this idea.”

The United States does not in fact have any requirement that employers offer their workers vacation time. That makes it unique among developed countries. Twenty othersguarantee that citizens will get paid vacation, ranging from 30 days in France to 10 in Japan and Canada. Five even go so far as to make sure workers get a bit of extra pay to cover vacation expenses. Thirteen countries also tack on a required number of paid holidays; the U.S., again, does not require employers to offer any paid holiday time.

Some American employers offer paid vacation and holiday time even though they’re not required to. But the number that do so has fallen over the past two decades. About a quarter of Americans aren’t offered paid holidays, while a quarter aren’t offered paid vacation time. Those who do get vacation, meanwhile, got five fewer days of it last year as compared to the year before. READ MORE

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The international flag of Earth is kind of a big deal. Here's why.

The international flag of Earth is kind of a big deal. Here's why.

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The international flag of Earth is kind of a big deal. Here's why.

Star Wars characters pose with shelter pets for a unique spin on a classic photo shoot.

This researcher asked kids what's wrong with U.S. schools. Here are their ideas.

The TRUTH will set you FREE.

Bernie's campaign launch yesterday

We're still in awe.

Watching thousands of Vermonters come together in Burlington yesterday to see Bernie officially kick off our campaign for president was something to behold. We pulled together some of our favorite shots so you can get a feeling of what it was like.

Check out photos and video from Bernie's campaign launch and share them with your friends and family.

Click here to see more photos and video from the campaign kickoff.

Thanks again for all your support,

Team Bernie

The TRUTH will set you FREE.

Bernie Sanders and an Aberrant Media

Larry Wines:Unwarranted labels. Trivializing, defining, ball-and-chain labels, the very labels that the MSNBC show hosts affix to Bernie Sanders with all the epoxy they can conjure, as if (their choice of) these labels were part of his name.

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WEDNESDAY, 27 MAY 2015

Jeb Re-Writes Iraq War History

Joseph Palermo: Nothing illustrates better the moral and intellectual bankruptcy of the Republican war hawks who call themselves presidential candidates than their attempts to whitewash the history of how this nation went to war in Iraq.

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Race & Foster Care: Intersection with Black Lives Matter

Hear from community activists who have directly experienced growing up in foster care. Panelists will share the racial impacts that occurred within their time in foster care as well.

READ HERE

Corporate Welfare Fails to Deliver the Jobs

Lawrence Wittner: For several decades, state and local governments have been showering private businesses with tax breaks and direct subsidies based on the theory that this practice fosters economic development and, therefore, job growth. But does it?

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Bernie Sanders and an Aberrant Media

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Keeping an Eye on Fellow Workers

Murray Polner: Good luck, Sherry Chen, dealing with a presidential administration which will leave as one of its legacies an unprecedented number of prosecuted leakers and whistleblowers.

READ HERE

The TRUTH will set you FREE.