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“Dangerous Game”: Chevron Warns California That Anti-Petrol Policies Could Result In Gas Price Spikes, Shortages
“Dangerous Game”: Chevron Warns California That Anti-Petrol Policies Could Result In Gas Price Spikes, Shortages Chevron is warning the state of California that its climate policies have consequences: namely, that the price of gas is going to continue to rise. Calling the state’s policies a “dangerous game”, it was reported by Bloomberg this week that Chevron is […]
Largest California Refinery Hit With Strike Amid Record-High Gas Prices
Largest California Refinery Hit With Strike Amid Record-High Gas Prices Hundreds of Chevron Corp. refinery workers in the San Francisco Bay Area went on strike Monday following a breakdown in talks between the oil major and the United Steelworkers (USW) union on a contract agreement. At least 500 workers at a gasoline, diesel, jet fuel, […]
Six-Month Sentence for Lawyer Who Took on Chevron Denounced as ‘International Outrage’
Steven Donziger speaks at a rally for his freedom outside his New York City apartment on July 6, 2021. (Photo: Steven Donziger via Twitter) Six-Month Sentence for Lawyer Who Took on Chevron Denounced as ‘International Outrage’ Conviction of Steven Donziger, said one critic, “perfectly encapsulates how corporate power has twisted the U.S. justice system to protect […]
The Anonymous Executioners of the Corporate State
The Anonymous Executioners of the Corporate State Imprisoning the David to Chevron’s Goliath is the latest outrage by a US judiciary now engineered to always favor the interests of capital. Original illustration by Mr. Fish Judge Loretta Preska, an advisor to the conservative Federalist Society, to which Chevron is a major donor, sentenced human rights […]
Chevron CEO Warns “New Dynamics” To Boost Energy Prices Amid Global Supply Crunch
Chevron CEO Warns “New Dynamics” To Boost Energy Prices Amid Global Supply Crunch Soaring energy prices are stoking new concerns about a stagflationary environment of high prices and waning economic growth. Natural gas prices in Europe and the US are through the roof, and WTI futures are over $70 per barrel. Chevron Corp.’s CEO Mike […]
What Oil Companies Face: The WTF-Collapse of Consumption of Gasoline & Jet Fuel from Long-Term Weakness
What Oil Companies Face: The WTF-Collapse of Consumption of Gasoline & Jet Fuel from Long-Term Weakness Transportation fuel demand rose to where it had been in … 1997. While the overall S&P 500 Index is down 2.7% in October, about flat for the three-month period, and up 2.8% for the year, the S&P 500 Energy […]
Chevron Shares Slide After Recording Historic Quarterly Loss
Chevron Shares Slide After Recording Historic Quarterly Loss Chevron Corporation reported a loss of $8.3 billion for the second-quarter 2020, the worst quarterly decline in a generation, and warned: “COVID-19 significantly reduced demand for our products and lowered commodity prices.” Chevron lost $1.59 per share on an adjusted basis while recording revenues around $13.49 billion. In the same quarter last year, […]
BIG TROUBLE FOR THE BIG THREE U.S. OIL COMPANIES: Financial Disaster In Its Domestic Oil & Gas Sector
BIG TROUBLE FOR THE BIG THREE U.S. OIL COMPANIES: Financial Disaster In Its Domestic Oil & Gas Sector There’s no better way to describe what is taking place in the U.S. Big three Oil Companies domestic oil and gas sector than a complete and utter financial disaster. Honestly, I am not exaggerating. The only place […]
Big Oil Doubles Down On Shale Despite Price Drop
Big Oil Doubles Down On Shale Despite Price Drop It’s the time of the year when oil companies start announcing their budgets for next year and besides a steady albeit guarded optimism, one thing stands out: oil majors are doubling down on their shale endeavors. Chevron, ConocoPhillips, and Hess Corp all announced their capex plans […]
Permian Drillers Prepare To Go Into Overdrive In 2019
Permian Drillers Prepare To Go Into Overdrive In 2019 In recent months, pipeline capacity shortage in the Permian has been the center of shale drillers and oil analysts’ attention as much as the surging production from this fastest-growing U.S. oil region that has helped total American crude oil production to exceed 11 million bpd for […]
Big Oil Walking A Tightrope As Prices Rise
Big Oil Walking A Tightrope As Prices Rise Supermajors have had a great year so far, and their third-quarter results, to be released over the next couple of weeks, are likely to strengthen this impression. But this does not necessarily mean that investors will reward them. Investors have become a lot more careful in the […]
WORLD’S LARGEST OIL COMPANIES: Deep Trouble As Profits Vaporize While Debts Skyrocket
WORLD’S LARGEST OIL COMPANIES: Deep Trouble As Profits Vaporize While Debts Skyrocket The world’s largest oil companies are in serious trouble as their balance sheets deteriorate from higher costs, falling profits and skyrocketing debt. The glory days of the highly profitable global oil companies have come to an end. All that remains now is a […]
Gulf Of Mexico Output Falls Nearly 100% After Hurricane Nate
Gulf Of Mexico Output Falls Nearly 100% After Hurricane Nate As of Sunday, 92.61 percent of crude oil production capacity in the Gulf of Mexico was shut in, the Bureau of Safety and Environmental Enforcement said. In barrels, this amounted to 1.62 million per day, with 298 platforms and 14 rigs evacuated, representing 40.43 percent […]
Oil and Gas Industry Publicly Supports Climate Action While Secretly Subverting Process, New Analysis Shows
Oil and Gas Industry Publicly Supports Climate Action While Secretly Subverting Process, New Analysis Shows A new report recently released by InfluenceMap shows a number of oil and gas companies publicly throwing their support behind climate initiatives are simultaneously obstructing those same efforts through lobbying activities. The report, Big Oil and the Obstruction of Climate Regulations, comes on the […]
Local Resistance Can Overthrow Our Political Masters
Local Resistance Can Overthrow Our Political Masters Smoke and fumes from a 2012 fire at the Chevron refinery in Richmond, Calif., sent 15,000 residents to hospitals or medical offices. Richmond City Council member Gayle McLaughlin, interviewed in the article below, is a vocal critic of Chevron’s effect on the environment and the corporation’s longtime political […]
