The TRUTH will set you FREE.
Sunday, September 27, 2015
Merger of Royal Dutch Shell and BG Group
Merger of Royal Dutch Shell and BG Group
Published by Joshua Noonan: September 27, 2015
With the declared April 2015 merger of Royal Dutch Shell and BG Group, formerly British Gas, a combination of assets spanning continents is occurring. The completion date of the merger in early 2016 has had some roadblocks. In Kazakhstan’sKarachaganak Field project, the combined group could lead to Shell to hold 29.5% by 2016. Despite this, the government of Kazakhstan may be blocking the transfer of shares.
The Karachaganak Field is a gas condensate field in northwestern Pre-Caspian Basin nearly one hundred miles east of Oral.The Field was discovered in 1979, with production starting in 1984. Upon independence, AGIP, currently Eni, and British Gas, now BG Group won exploitation rights. Thence, in 1997, Texaco (currently Chevron) and Russia’s Lukoil alongside the original signatories and two companies signed a production sharing agreement for forty years. BG Group and Eni possess 29.25% share a peace and Chevron has 18% and Lukoil has 13.%. Upon arbitration and a December 2011 acquisition,KazmunayGas purchased a 10% stake for two billion USD cash and one billion in non-cash consideration.
The TRUTH will set you FREE.
Saturday, September 26, 2015
Flying Lessons: Centenarian Bill Gibbs’ Path from Logan Heights to Montgomery Field
Posted: 26 Sep 2015 09:16 AM PDT
 shared fromSan Diego Free Press
By Maria Garcia and Connie Zuniga
Bill Gibbs loved airplane flight so much that by the age of twenty-two he had developed barren scrub land in San Diego into his own airport and established a flying service there. Bill, who grew up in Logan Heights, recounted a remarkable story to us at his Mt. Soledad home. He spoke of family hardships during his youth, of hard work and how his passion for flying ultimately led him to develop what is now known as Montgomery Field Airport and a flying service that continues to operate today. Bill's story is also a remarkably long one-- he will be 105 years old in October. [Read more...]
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Posted: 26 Sep 2015 05:52 AM PDT
By Vanessa Ceceña Minors and families chose, and continue to choose, the dangerous and lengthy journey from Central American to the U.S.-Mexico border, simply because it's a more appealing option than remaining in their communities of origin. Many flee the proliferation of gang violence, the continued lack of economic opportunities. Others travel to reunify with family members whom they have not seen for years. Last year we witnessed the greatest surge of Central Americans arriving to our border seeking refuge. By the end of fiscal year 2015, a total of 26,685 unaccompanied minors had arrived at the Southwest U.S.-Mexico border. [Read more...]
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The TRUTH will set you FREE.
No One’s Safe: Wall Street In Fear Of Republicans Destroying Their Businesses
No One’s Safe: Wall Street In Fear Of Republicans
Destroying Their Businesses
shared from
Saturday, September, 26th, 2015, 3:37 pm
With Speaker Boehner’s (R-OH) resignation, the conservatives are in charge of the House. This prospect is terrifying Wall Street, which should indicate that the Republican Party has already ceded the mantle of “party of business”. It just hasn’t become official yet.
“And on Wall Street, fear set in at the prospect of another showdown over the government’s ability to pay its debt, support its export businesses and simply keep its doors open,” Jonathan Weisman and Michael D. Shear writing at the New York Timesreported.
If conservatives don’t shut down the government in the next few weeks, they will surely do it in December when whatever short-term funding bill Boehner can extract from his nutters — or most likely ram through his nutters with the help of Democrats — will expire.
More from the NYT:
The new speaker, elevated to the country’s third-highest constitutional post by a conservative rebellion, will face demands from those same rebels to extract concessions from a president who has little to lose by standing firm.At stake for conservatives will be the one clear victory they have scored since the Tea Party revolution of 2010: firm statutory limits on spending signed into law in 2011, which Mr. Obama has said he can no longer abide.In turn, the Republican Party, already wrestling with the effect of Mr. Trump’s populist insurgency on its chances at the White House, could find itself with the political challenge of justifying to moderate voters yet another Washington crisis, prompted by an even more obstreperous, confrontational House majority.
The House will be run by the petulant children who have already cost taxpayers and businesses billions of dollars just so they could throw a temper tantrum in front of their friends. These are the same people claiming a moral high ground as they steal from babies to fund oil companies.
Republicans keep saying that liberals are ruining business with oversight and regulation, but it is actually Republican shutdowns that are doing the most damage to businesses and the economy. And Wall Street knows it. Just a few months ago business leaders accused Republican lawmakers of not knowing what they were doing.
“They really don’t have a clue what they’re doing or the damage they’re going to inflict on small businesses in America by closing the Ex-Im bank.”
Reasonable liberals want Wall Street businesses to be overseen, not utterly destroyed. They want responsible stewardship that rewards hard work and treating labor well. They disparage what big business has become and a government that steals from them to feed the greed of big business. That is not the same as hating business. The government is supposed to be helping “human people” as the Pope put it, not being used as a mechanism from which to steal from and abuse the people.
None of this would be happening if Republicans hadn’t catered so much to big business — in ways that can’t be justified — that they’ve had to scrounge around for the lowest forms of life who would be willing to hawk their wares, searching for a special combination of egomania and willful ignorance that renders the person incapable of seeing that they are being used like yesterday’s trash. (Hello, Sarah Palin.)
Now Frankenstein’s monster is attacking its maker. Wall Street is terrified.
There won’t be a grown up in charge anymore, no one who can right the ship for the sake of the Republican Party’s image. The Jihadist Johnnies are at the helm and there will be no denying it.
Boehner’s resignation is the cherry on top of the death of the “moderate Republican” delusion. There are no more effective moderate Republican policies or politicians. This in an election year is not what Republicans needed, but it is also not what Wall Street wants and even more importantly, real people will be harmed by another GOP shutdown.
It’s all chaos, terror and dread in D.C. and on Wall Street. But soon enough the disastrous results of the takeover by the nihilistic carnival barkers and tent revival snake oil salesmen will be evident enough. Just in time for Christmas, like the Scrooges they are.
Meanwhile John Boehner can finally sleep again at night, knowing he will soon be free of the relentlessly pecking “wacko birds”.
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