Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘oil’

Who Pays Unskilled Labor US $80,000/year?!

Posted by Warm Southern Breeze on Sunday, June 22, 2014

“For Scripture says, “Do not muzzle an ox while it is treading out the grain,” and “The worker deserves his wages.”
-1Tim5:18

Lately, much has been made of raising the Minimum Wage, which does nothing more than establish a minimum standard.

But who cares about minimums?

We should strive to exceed!

Some well-known, publicly-traded, highly profitable firms, however, revel in greed, and wallow in the slop, when they can do far better for the employees who operate their businesses.

The question is often asked “why pay unskilled workers $10 or even more per hour?”

It’s a valid question, and deserves a genuinely thoughtful response.

So, let’s pose that question to BIG OIL COMPANIES in Williston, North Dakota, where…

“oilfield companies pay unskilled 19 year-olds $80,000 a year.”

 

http://www.marketplace.org/topics/economy/mall-middle-what-used-be-nowhere

by Dan Weissmann
Monday, June 16, 2014 – 15:21

Williston, North Dakota, has the nation’s highest rents. Thanks to the fracking boom, a basic apartment in Williston costs more than something similar in New York or San Francisco. And it comes with a lot fewer amenities.

For instance, shopping. If Walmart doesn’t have it, the nearest outlet is at least two hours away. Now, a Swiss investment firm has announced plans to Read the rest of this entry »

Posted in - Business... None of yours, - Did they REALLY say that?, - Faith, Religion, Goodness - What is the Soul of a man?, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

BIG OIL’s Corrupting Influence in American Politics: Propping up Corrupt Regimes to Prop Up Profits

Posted by Warm Southern Breeze on Friday, March 7, 2014

Report

Slick Moves

The SEC could help tackle corruption in resource-rich countries around the world — but the oil industry is getting in the way.

Angola, Africa’s second-largest oil producer, is regarded as one of the most corrupt countries in the world. And American oil lobbyists are only making the situation worse: They are exploiting Angola by seeking to delay and weaken the implementation of a crucial U.S. transparency law.

That law, Section 1504 of the Dodd-Frank Act, also known as the Cardin-Lugar amendment, promises a breakthrough in preventing dirty deals and illicit payments being made for natural resources around the world, similar to the shady transaction recently uncovered by Foreign Policy. If implemented fully, the law would make U.S. oil and mining companies disclose the payments they make to governments across the world, including in Angola. However, oil lobbyists have been making misguided arguments that laws in Angola and three other countries prevent the required disclosures.

Off Shore Oil Drilling Rig

Off Shore Oil Drilling Rig – MARTIN BUREAU/AFP/Getty Images

Angolan officials secretly profiting from the country’s oil riches is not a surprise. It is only the latest episode in a sad history that goes back for decades. Global Witness, where we work, began exposing the complicity of the international oil and banking industries in the plundering of state assets during Angola’s 40-year civil war in our 1999 report A Crude Awakening. This was followed by our 2002 report All the Presidents’ Men, which called on the oil companies operating in Angola to “Publish What You Pay” (PWYP). Under this rallying call, Global Witness co-launched the PWYP campaign, which is now an international coalition of more than 790 civil society organizations in over 60 countries, including Angola, advocating for transparency laws such as Section 1504.

These efforts are intended to prevent scandals similar to the Trafigura deal covered in Foreign Policy, which provide a glimpse of the endemic corruption in Angola‘s oil industry. Only a few days before Foreign Policy published its story, media reports about leaked documents relating to other corruption claims caused the share price of SBM Offshore, a Dutch oil services company operating in Angola, to plummet 17.9 percent when markets opened. SBM released a statement challenging the validity of the leaked documents, saying that they are partial, taken out of context, contain outdated information, and are not representative of the facts. SBM had also already disclosed to its investors that it was conducting an internal investigation into questionable payments in Angola. However, the dramatic stock drop suggests that SBM investors had not anticipated the scale of the corruption risk exposure.

Another oil services company active in Angola, Weatherford International, which is listed on the New York Stock Exchange and headquartered in Switzerland, has recently pleaded guilty to violations of the U.S. Foreign Corrupt Practices Act (FCPA), including bribery of the executives of Sonangol, Angola’s state oil company. It has agreed to pay fines of $253 million to settle the case, one of the largest FCPA settlements ever.

These cases illustrate the urgent need for transparency in Angola’s oil sector. The successful implementation of Read the rest of this entry »

Posted in - Business... None of yours, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

North Dakota oil output at new high in August

Posted by Warm Southern Breeze on Thursday, October 11, 2012

North Dakota oil output at new high in August: regulator

NEW YORK | Wed Oct 10, 2012 5:43pm EDT

NEW YORK (Reuters) – Oil production in North Dakota accelerated in August, jumping by 3.6 percent from July levels to top the 700,000 barrel-per-day mark for the first time in the state’s history, data from the state Industrial Commission showed on Wednesday.

The state’s August oil output rose by nearly 25,000 barrels-per-day from the previous month and hit just above 701,000 bpd, fast approaching volumes from OPEC-member Qatar, which produced 770,000 bpd in August.

Most of this was from Read the rest of this entry »

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Oil prices crashed and Chevron still made nearly $24 a barrel

Posted by Warm Southern Breeze on Saturday, July 28, 2012

Must be something to what those kooky Occupy Wall Street type folks, and the evil Democrats are saying.

Oil prices crashed and Chevron still made nearly $24 a barrel

By Ronald D. White; July 27, 2012, 1:32 p.m.

Take just about any business situation in which the value of a company’s primary product suddenly falls by more than 29% and it could be time to panic. Then there is the oil patch, where billions of dollars in profits are possible even after that kind of collapse in crude prices. Chevron Corp. of San Ramon, Calif., is just such an example.

Even with the sharp drop in oil prices that began in the first quarter and ran through the end of the second quarter — a decline from $109.41 a barrel to $77.69 a barrel — Chevron had a positive margin of $23.53 on every barrel of crude it produced, according to analysts. Chevron said its margin was actually $26 a barrel. Read the rest of this entry »

Posted in - Lost In Space: TOTALLY Discombobulated, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Rest In… Pieces of A Man, Gil Scott-Heron

Posted by Warm Southern Breeze on Saturday, May 28, 2011

The world learned of musician poet/author Gil Scott-Heron‘s death via Twittter from his manager Jamie Byng.

His voice was one that demonstrated a strong sense of outrage over social injustice, and will be sorely missed.

Early in his life, his parents divorced where they lived in Chicago, and his mother moved him to Jackson, Tennessee where he was raised by his grandmother Lillie Scott.

He first came to public renown through his recording “The Revolution Will Not Be Televised,” which was a semi-prophetic commentary upon the times in which we now find ourselves.

Known for Read the rest of this entry »

Posted in - Did they REALLY say that?, - Faith, Religion, Goodness - What is the Soul of a man?, - Read 'em and weep: The Daily News, End Of The Road | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Out of sight, out of mind? Research Scientist finds Gulf of Mexico bottom dead

Posted by Warm Southern Breeze on Monday, February 21, 2011

BIG OIL companies – in this instance and most notably BP – are quick to “remind” their consuming public that they are the “good guys” that always wear white and that they our “knight in shining armor coming to your emotional rescue.”

However, having never been one to believe in conspiracy theory, or genuine collusion, yet in all honesty, one must acknowledge that BIG OIL has significant self interest called stock held by Wall Street shareholders. Those are the masters to whom they are loyal… NOT the American people.

Scientist finds Gulf bottom still oily, dead

By Seth Borenstein, AP Science Writer – Sat Feb 19, 8:53 pm ET

WASHINGTON – Oil from the BP spill remains stuck on the bottom of the Gulf of Mexico, according to a top scientist’s video and slides that she says demonstrate the oil isn’t degrading as hoped and has decimated life on parts of the sea floor.

That report is at odds with …Click HERE to read if we’re REALLY being deceived about this careless tragedy…

Posted in - Did they REALLY say that?, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

It’s official… I’m a nerd.

Posted by Warm Southern Breeze on Friday, January 14, 2011

Animation of U.S. Obesity Trends by State 1985...

Image via Wikipedia Centers for Disease Control and Prevention

Hey!

What do you read for fun?

It seemed an entirely apropos title for this entry.

What DO I read “for fun”?

Well, here are two excerpts from items I’m now reading. …Continue reading…

Posted in - Did they REALLY say that?, - Even MORE Uncategorized! | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment »

Call me! 1-866-448-5816

Posted by Warm Southern Breeze on Tuesday, July 27, 2010

What a shocker!

I called 1-866-448-5816 Deepwater Horizon Response Volunteer Request Line: Suggestions and Volunteering – and asked,

Read the rest of this entry »

Posted in - Did they REALLY say that?, - Lost In Space: TOTALLY Discombobulated | Tagged: , , , , , , , , , , , , , , , , , | Leave a Comment »

Flickr: Deepwater Horizon Response’s Photostream

Posted by Warm Southern Breeze on Friday, July 9, 2010

Close Up Views of the

GULF OF MEXICO - Coast Guard Seaman Michael Paluh scans the site of the Deepwater Horizon Response at dawn as the Coast Guard Cutter Resolute patrols nearby July 8, 2010. The Resolute, home-ported in St. Petersburg, Fla., is serving as a search and rescue guard to help support and protect people and ships involved in Deepwater Horizon response efforts to stop the leak and recover oil on the water. U.S. Coast Guard photo by Petty Officer 1st Class Matthew Belson.

Flickr: Deepwater Horizon Response’s Photostream.

Posted in - Did they REALLY say that?, - Faith, Religion, Goodness - What is the Soul of a man?, - Lost In Space: TOTALLY Discombobulated, - My Hometown is the sweetest place I know, - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , | 2 Comments »

 
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