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
Weather Guard Lightning Tech
Trump Targets Revolution Wind, Nordex Q3 EBITDA Doubles
Allen covers the Trump administration’s bid to reopen Revolution Wind’s permit, a bipartisan Senate permitting deal, Nordex’s doubled third-quarter profit, and GE Vernova’s new wind chief.
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Have you ever wondered why every dictator in human history follows the exact same playbook? Check this outPlato nailed this 2400 years ago, and it’s been on “rinse/repeat” ever since.
On average, I meet perhaps 50 K-12 teachers each year, and I often ask them: What is the biggest challenge you face that impacts your ability to connect with and educate your students?
Here’s a rough tabulation:
Screen time, how it robs kids of their ability to pay attention, impedes social interaction, and makes parenting more difficult: 80%
Everything else combined: 20%
Maybe this is a cynical viewpoint, but it seems like that world of today revolves around the mega-corporations profiting by punishing their customers.
In this case, we have the tech giants ruining the lives of our children. Elsewhere, we have healthcare industry driving people into bankruptcy, Big Oil ruining our planet, the gun lobby murdering our kids, and, of course, an ultra-corrupt government looting our treasury to pay off billionaire donors.
Note that this wasn’t the case when we boomers were growing up 60 years ago. This is a distinctive shift from the 1960s when corporate America was focused on things like color TVs and the Ford Mustang.
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Trump Targets Revolution Wind, Nordex Q3 EBITDA Doubles
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