From the American Energy Society: US supermajor Chevron acquired Hess for $53 billion two weeks after Exxon Mobil purchased Pioneer Natural Resources for $60 billion and while BP doubled its YOY profits ($27B). Note: Many SMEs believe the sector’s historic performance is far from over and that the Permian Basin in Texas will likely remain the centerpiece of all activity in the foreseeable future.
I’m reminded of a boss/senior partner I had as a young man who liked to say, on occasions such as these, “Well at least now it’s getting real.”
Yes, the gloves are off, and Big Oil no longer seems to care that its standing in the world of PR is really no better than that of Hamas. They are baking the planet for profit, and there is not a goddamned thing we can do about it, at least in the short-term.
In the long-term, of course, we can electrify everything and that hope there is a path back to methane and CO2 levels that stabilize the climate here on the only planet we call home.
One Cost Item No Longer Necessary for Big Oil: Public Relations
A couple of months ago, I happened to ask a friend who had emigrated from Sweden if she was religious. “No!” she exclaimed. “Almost no one in Sweden is religious.”
As we see at left, there seems to be a huge correlation between atheism and the national level of happiness. But what causes that?
Are believers unhappy people for some reason? That doesn’t make sense.
Here’s my two-fold theory. Atheists believe:
a) That we only live once, so we try to enjoy it while we can.
And, more importantly,
b) That we need to take care of one another (since there is no God). We’re willing to make sacrifices if that means things like great education, universal healthcare, environmental responsibility, tolerable working conditions, and near-zero poverty.
Renewable Energy
From the Independent: “Trump Administration to Pay Two More Companies to Walk Away from U.S. Offshore Wind Leases”
From this article in The Independent:
The Trump administration announced two more payouts Monday for energy companies to walk away from U.S. offshore wind projects under development.
Bluepoint Wind and Golden State Wind have agreed to end their offshore wind leases in exchange for reimbursements totaling nearly $900 million. Both companies have decided not to pursue any new offshore wind projects in the United States, the Interior Department announced Monday.
Bluepoint Wind is an offshore wind project in the early stages of development off the coasts of New Jersey and New York, while Golden State Wind is a floating offshore wind project proposed off California’s central coast.
Trump is hellbent on destroying the renewable energy industry so as to benefit his billionaire friends in fossil fuels.
He’s on course to be remembered as the most destructive person in world history, with the possible exception of Adolph Hitler.
What is said here about Pete Hegseth is clearly true.
But keep in mind that he’s fiercely loyal to Donald Trump, and Trump couldn’t possibly care what happens to the United States, as long as he can stay out of prison and enrich himself and his family.
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