37 Burst results for "Oil Companies"

Fresh update on "oil companies" discussed on The Joe Piscopo Morning

The Joe Piscopo Morning

00:41 min | 10 hrs ago

Fresh update on "oil companies" discussed on The Joe Piscopo Morning

"Joe Lumber. Thank you on the money, As always. We appreciate it, my friend. No lumbered right there. Joe Piscopo right here at Trinity as regional medical center in Elizabeth, New Jersey, and you know, we will be talking with the great John Katzman. TT's momentarily. What happened with the Colonial pipeline. Why is that happening? John knows oil would you have ran somebody they're gonna pay, and it's like, okay, everything's going to be back to normal. That's what we're hearing from Washington. In the meantime, it cost $5 million. Where did that extortion come from? Probably Russia and as Russia fingerprints all over it. Where is the mainstream media on this? And why aren't they concerned about it? We're concerned about because it's happening here. And as I'll just told us in Ireland, there's a health system that's been hacked. So that you're emboldening these people. Once you pay the money, and how in the name of goodness Gracious is one oil company, one oil company so vital to like a third of the United States. Does that scare anybody that we gotta worry about? One oil company and then all the almost of the you know, the South, the south east of the United States is like it's stranded.

John Katzman Joe Lumber Joe Piscopo Ireland $5 Million Gracious John United States Elizabeth, New Jersey One Oil Company Washington Colonial Trinity Russia Third Of The United States South
Fresh update on "oil companies" discussed on Morning News with Hal Jay & Brian Estridge

Morning News with Hal Jay & Brian Estridge

00:32 min | 11 hrs ago

Fresh update on "oil companies" discussed on Morning News with Hal Jay & Brian Estridge

"News here. W b A P. Brian Estrange out today how Jay's here, Scott said. Wait. Here it is well with Hal J. The colonial pipeline. It's kind of getting back in order. You know, they've got it up and running again. But there's still a bunch of gas shortages because it's going to take a while. It was like you get back to normal. Yes, because at one point yesterday 71% of gas stations in North Carolina where without gasoline think about that 71% North Carolina gas stations didn't have gas. That's a pretty big number, and there was really I guess there was no reason for this to happen. People just panicked, right? You know, in Virginia's 55%, so Yeah. Then what We're learning now about this pipeline to in terms of the hackers is that the colonial pipeline company made they paid Almost $5 million to the eastern European hackers, which contradicted the report that said they had no intention of paying what sort of extortion fee to restore it. Okay, Don't think about this. We're dealing with oil and oil companies. And I would think you know, companies that have quite a bit of money. I don't know how much extra money they have. But I think what I would do They paid five million to the hackers. I think I'd come up with another five million and get the number one hacker and hiring. So here's how we did it Well, that that sounds funny, but it happens that the FBI does higher. Well, that hack well, because they that reason they want to know. How did you do this? We want to know how to prevent this. Yes, but they can't make $5 million doing it right. That's true. The FBI's not paying you $5 million for sure. Well of a company wanted to know bad enough. Especially if you're doing.

Five Million North Carolina Scott $5 Million FBI 71% 55% Virginia Today Yesterday W B A P. Brian Estrange Hal J. JAY Almost $5 Million ONE Eastern European One Hacker
US Proposes Ending Rule That Weakened Wild Bird Protections

AP News Radio

00:52 sec | Last week

US Proposes Ending Rule That Weakened Wild Bird Protections

"The Biden administration is proposing to restore longstanding protections for wild birds that work ended under former president trump in its final days in office the trump administration ordered a halt to prosecutions under the migratory bird treaty act for accidental but avoidable bird deaths more than one thousand north American birds are covered by the treaty from peregrine falcons to songbirds and more than twenty owl species hundreds of cases targeting utilities oil companies and wind energy developers resulted in criminal fines and civil penalties totaling five point eight million dollars between two thousand ten in two thousand eighteen most notably a one hundred million dollar settlement by energy company BP after the two thousand ten oil spill in the Gulf of Mexico which killed an estimated one hundred thousand birds Ben Thomas Washington

Biden Administration Trump Administration Peregrine Falcons BP Gulf Of Mexico Ben Thomas Washington
Daphne Zohar on Biotech Entrepreneurship

The Long Run

01:46 min | Last week

Daphne Zohar on Biotech Entrepreneurship

"Zohar welcomes the long run. Anklet so daphne you started pure tek. How many years ago rose about two thousand five. That we reese first-round financing arm. It was really a very interesting journey. We built ertak by bootstrapping. Happy you more about that. Well yes so. Tell me from the beginning. What drew you to biotech in the first place. And how did you come about the idea to start. Pure tech is so. I've always been really interested in entrepreneurship. I started in companies. When i was in high school. I studied entrepreneurship new venture creation at northeastern Mostly because they had a coop program that enabled me to start companies while i was in school So i've always really been interested in offer for nurse ship and i became interested in this sort of interface between academic breakthroughs academic discovery and how those gatt advanced. What is daphne. Can we re just a little. What what kind of companies. Why did you start there at northeastern and what was your like proverbial first job. Well when one company i started this is sort of one company i started was a olive oil company Another one was a veterinary products company. and i think as an entrepreneur and the things that she is when you're an entrepreneur. You're doing everything you can to move forward the idea that sort of like terminator. You're just gonna keep going to make things work.

Zohar Reese Daphne
Hunter Biden Says He Wouldn't Take Burisma Job Again

Planet Money

00:54 sec | Last month

Hunter Biden Says He Wouldn't Take Burisma Job Again

"S. The others were made by Fizer and Madonna. As the FBI continues to investigate a laptop reported to belong to Hunter Biden, the president's son is speaking with regret about his relationship with the Ukrainian oil company, Bary SMA when his father was vice president. NPR's Scott Simon reports Hunter. Biden doesn't say he was wrong to serve on the board of the oil company at acknowledges the bite name was an asset. But he told us in an interview that he grew up in politics and should have foreseen it would become an issue for his father's 2020 presidential campaign. At the end of the day, the question was whether it was wise well. What I know now is that it was certainly not wise in this political environment to create that perception, and that's why I would not do it again. No investigation has found any evidence of impropriety. Hunter. Biden's memoir, Beautiful Things, which is

Fizer Hunter Biden Bary Sma Scott Simon Madonna FBI Biden NPR Hunter
Brazil's Supreme Court Rules Judge Moro Was 'Biased' in Lula Trial

BBC World Service

00:52 sec | Last month

Brazil's Supreme Court Rules Judge Moro Was 'Biased' in Lula Trial

"Louise Ignacio Lula to silver of corruption four years ago was biased. Leonardo Russia has more By three votes to to Brazil's highest court concluded that judge says Yamato had violated Lula's rise in several occasions. Mr Moto had sentence Lula to more than nine years in jail for corruption in the state oil company Petrobras eyes Lola was leading most opinion polls was banned from the 2018 presidential election and spent almost two years in jail. His luck began to change when hackers intercepted compromising messages exchanged between judge model and the prosecutors in which they showed political bias and discuss the need to expedite the trial in order to put the former leader behind bars before the elections. You're listening to world news from the BBC.

Louise Ignacio Lula Lula Mr Moto Yamato Petrobras Brazil Russia Lola BBC
'The Stories Are Heartbreaking.' What 1 Reporter Witnessed In Mozambique's Violence

Weekend Edition Saturday

03:46 min | 2 months ago

'The Stories Are Heartbreaking.' What 1 Reporter Witnessed In Mozambique's Violence

"Graphic violence. Kaba Delgado's were the poorest regions in Mozambique and was largely ignored by the central government. Into large reserves of oil and gas were discovered offshore. His international oil companies have moved into the area. Fighters have stepped up their attacks. Terrorizing Villagers, burning homes, destroying farms. And publicly beheading. Women and Children. But the government of Mozambique and trying to put down the movement is also implicated in the violence. Aid groups estimate that half a million people have fled their homes and are in urgent need of aid. Journalists are not usually granted access to the area. But nay Hewat occur accompanied it. Aid group to cover Delgado last November. And was able to speak to survivors joins us now. Thank you for being with us. Thank you so much for having me. What did they tell you? I mean, the stories are heartbreaking. We spoke with a 10 year old girl named Maria and she remembers the day that the Attackers came into her village. They started burning houses down, they started looting. Maria was separated from her family during the violence, and she told me that the Attackers forced her and the other Villagers to sit and watch as they beheaded. People that they had grown up with people that they knew. After she fled. She fled into the forest and her foot got caught in an animal trapped like a hunting snare. Eventually she was rescued and she was carried to Pemba, which is a southern city in the Kaaba Delgado province. And Maria recovered from her wounds, and she also had malaria in the local hospital. And that was when she discovered that both her mother and her father had been beheaded in that attack. You know, That's just one of the many, many stories that I heard while I was there, all of them with the same level of brutal and senseless violence. Who are the Attackers, or is there one answer to that? There are many answers to that. But I will try to give Ah general overview of how this developed from what we know, Um, outsiders. The countries that have been named have in Kenya, Tanzania. On brothers so outside influences came into the country and started preaching against the version of Islam that was practiced in cover Delgado at the time. And they began preaching radicalizing in the mosques up there. And I spoke with some civil society leaders who told me that you know there were folks in these mosques who told the government something is going on here. Something is going wrong and that Thies concerns were just not addressed urgently. By the government. And so what ended up happening is that you have a local population, primarily young men, primarily unemployed who hear this radical version of Islam, and that's how people say that this started And then if, of course, if you fast track it a few years in 2019 Isis, the Islamic state claimed credit for its first attack, and that really changed the dynamics. This went from being a kind of local issue of violence by you know citizens who were unhappy or felt left out or left behind. Becoming really an international geopolitical problem. And you know that brings us up to where we are today. Just just this week, the United States government Has classified the Islamic state Isis

Kaba Delgado Mozambique Nay Hewat Maria Delgado Kaaba Delgado Central Government Pemba Malaria Tanzania Kenya Thies United States Government
There is a Surge Of Coronavirus Deaths in Mexico

The Economist: The Intelligence

07:21 min | 2 months ago

There is a Surge Of Coronavirus Deaths in Mexico

"New data reveal a surge of cova deaths in mexico. The country has officially confirmed more than two million cases. An almost one hundred eighty thousand deaths from the corona virus but mortality rates. Tell an even more grim tale over the past year deaths were fifty two percent higher than in previous years. According to the financial times that puts mexico's rate of excess deaths much higher than that of countries such as america and brazil assembled woman to stay lot yet earlier this month. Mexico's president andres manuel. Lopez obrador widely known as anglo said. We are living in a stellar moment. The kovic spike is far from the country's only problem poverty. Corruption and crime are all on the rise but polls indicate that two years into amyloid term. Most mexicans are willing to give him more time. Mexico's president is incredibly popular. Sir burke is our mexico bureau chief he wanted on slide in two thousand eighteen and he still has approval ratings that most other leaders would be extremely jealous off at sixty two percent as it stands and that's all in spite of what looks like a very good handling of most things most obviously at the moment the pandemic. What do you mean by that. Mexico is a terrible record for covert hospitals are full and oxygen tanks in short supply. It's done very few tests for covid. It hasn't provided very much financial support tool for people who are suffering or being asked to stay home not to work the vaccination which is one sort of bright spot potentially insofar as mexico has lined up enough vaccines to cover its population. But it's a very very slow start. That might be picking up now. But otherwise there talks of ten years to get to seventy five percent of the population being vaccinated. I'm currently this has been a problem again from the top. So i'm low has completely downplayed the importance of the pandemic. He has refused to wear a face mask apart from wants when he flew in an airplane to go to the united states and he got covid himself the stars of this year and he reappeared and everyone thought well. Maybe he'll have changed his mind after this. But he reiterated again that he wouldn't be wearing a face mask so in the face of that pandemic response on wires his popularity still so high so he had this amazing vision for mexico in eighteen. Which is why he won with a landslide. He said. I'm going to do a fourth transformation. These big bold plan to make the country fairer and more equitable ending corruption and crime. And making sure there was economic growth where the gains were fairly distributed so that poor people go rich. The reality is slightly different from the vision so far in the two and a bit years. He's been in power. He's been undoing. The reforms of previous presidents and dismantling that system throwing out the baby with the bath water you could say. And then his new initiatives mainly they seem to fail to solve the problems that they put two and then a of third element is that he's really concentrated power in the presidency and some people say that they get things done and other people think they're more evil intentions behind that well. Let's come back to the throwing the baby out with the bathwater part. What's he'd been doing. In terms of reform he abolished prosper. Which was a very sort of lauded conditional cash transfer program for the poor he also reversed education. Reform was much more meritocratic assessment of teachers. A big one at the moment is he's trying to reverse bit by bit and opening of the energy market. That happened in two thousand thirteen so it was open to private and foreign enterprises which make electricity cheaper and greener on current. Neither congress is debating a bill which would favor cfe which is state owned electricity provider. So they're actually go first into the grid. As opposed to the cheaper electric which is often green provided by private companies. This would obviously raise prices and deti energy but it could also breach the. Us mexico canada agreement. Which is the north american free trade pact to replace after another sort of big thing has been getting rid of or proposing get rid of a lot of the autonomous agencies such as the freedom of information agency all these ones keep checks on the government and what it's doing so well he's been tearing all that down. What's he been building up. Will you say his own initiatives. Don't do what they should. He's very dedicated to fiscal discipline. That's a good thing especially in a so-called left leaning president it's also become very counter productive during the pandemic. The imf is telling mexico to spend more so far it's only spent nine point seven percents of gdp on extra efforts during the pandemic and more needs to be done and some people think this is going to need to scarring that there's going to be permanent drop in output caused by loss of jobs and businesses so the recovery is going to be much much slower in mexico than elsewhere. He's also splashed out on bizarre old-economy projects such as pouring money. Pex the world's most indebted oil company. And then he's putting eight billion dollars into a refinery at the time when no other country is building refineries and it's not clear what economic return that will be from that and you mentioned the big transformative plan was in part about ending endemic corruption and crime. How's that been going. Well either jason. That was point. Four percent dip in murders last year and he proclaimed this dip as a very significant success. But that's after a rise the before and frankly during the pandemic you'd expect it to have dropped them. In in other countries across latin america that also suffer high levels of violence that has been the case he also rejected the previous government's tactic of killing and capturing crime kingpins because led to a splintering of gangs. And you might be worth rejecting that. But there's no alternative puts in place. So i think his vision is that you alleviate poverty and crime goes down. That might happen in the long term but it does nothing to sort out the short term problem the problem of the current chapel as opposed to the ones who are still only three years old on corruption. As you could say he's set a good example so has been good political rhetoric. The stiffer penalties on bribe-taking for bureaucrats. But he's unless strengthen the institutions to carry that ford again it's more rhetoric than actual institutional change or heft. The national anticorruption prosecutors overwhelmed with cases and one government agency suggests that the number of acts of corruption actually rose by nineteen percent between two thousand seventeen and two thousand nineteen. It is as you say not a big list of happy news here. I mean when will that's ring down to the electorate. I mean how long we'll mexicans continue to support him for his failures because he really has persuaded a lot of people that he's like them and cares about the he's very popular because of who he is and his message rather than necessarily what he does. The opposition is seen as corrupt on what came before him was horrifically corrupt. And so he's seen the best of a bad bunch by a loss of people. But you know here's a classic populace and a lot of elite azam Against him they see him as a mexican version of hugo chavez. Which i think is a little bit of an exaggeration. But there's this big divides on the mix of policy failure. I'm power grabbing is is worrying.

Mexico Andres Manuel Lopez Obrador Sir Burke United States Anglo Brazil IMF Congress Canada Latin America Jason Ford
How To Build a Successful Flight Instructing Business

Stuck Mic AvCast – An Aviation Podcast About Learning to Fly, Living to Fly, & Loving to Fly

06:03 min | 3 months ago

How To Build a Successful Flight Instructing Business

"You on the last episode in part one of this. You can have accessible flight instructing business. We went over different things like how it started as a new. Cfi you know getting over that initial anxiety and in the fears of flight instructing and also how to establish yourself and build your skills and your reputation we talked a little bit about the flight school versus independent and also setting your rate. You know how you get paid and that type of thing. We're gonna go a little bit more into that part of it as far as getting paid and where we left off so One of the things that we. I think we talked about a little bit. But i think we really need to solidify and also understand a little bit. More is the day rate versus hourly rates. And i'm going to start this off. I just to talk about what i've done as an example on a day an hourly rate and what you guys can look forward to. It varies now. Obviously an hourly rate. Let's talk about the simple one. I that's how most flight instructors are paid by the hour. You work in our you get paid for an hour now. Some people are and we talked a little bit about. This are confused as far as you know. When do they get paid. Do they get paid just for the flight or do they get paid for the ground instruction and we did talk about that. Where yes you get paid the whole time. You're instructing most of the time but there are some flight schools that don't charge for that. So if you're doing a debrief preflight you're you're actually just doing just a groundless. And you should be getting paid for those hours mostly. It's the same a rate but there are some flight schools that do change and also as an independent. You can change yourself so again hourly rate is simply while you're instructing you get paid by the hour something that gets a little more confusing i think is the day rate. And that's something that i think that you can kind of look at it from this viewpoint. There's an opportunity cost to you doing a day rate in other words. You're giving up your day to go fly for somebody. But you're also guaranteed that money per day so if you look at an eight hour day you could ask for the eight hours of flying time per hour but what's probably going to happen is When you're asking for a rate for the whole day they're going to have to negotiate that so basically is is something a lot of folks use both in the flight instructing world and also in the corporate world. They hire pilots for that day. The way that i've used as i used to work for an oil company. And i would do their flight instructing and i would do some of their reviews and they would pay me a certain amount of money per day. We'll talk a little bit about how much you get paid back. Then i was getting paid one hundred dollars a day to actually fly with this person to to build time for that individual and also to do their flight. We've used for the people there. That's a little bit different. i mean. nowadays things have changed especially if you specialize for day rates as far as like a serious and that type of thing so again. It's something that. I normally what i tell people is. If you're going to do a day rate start high if you're going to be tied up for the whole day it's a six or eight hour day you normally work your ass for that. You can always negotiate down from there but normally what happens is you're going to get paid a little bit less than your hourly rate for an eight hour day. Not always though if you look at. And i'm gonna ask tom speak up a little bit about this one. I know in in the serous world. That is a little bit different. I mean they. Those guys get paid some amazing amount as far as that day rate but anyway that's a simplification of the day rate. I do day rates on on other things. And but i want to hear cinema some of your comments here so i'm going to start with tom as far as day rates. What has been your experience. And if you could i know you have a little experience in the series world. Maybe he'd comment on that. Yeah so you're correct with the hourly rate and you know charging for flavor or ground and whether you're working for somebody or whether you're independent It's all structured a little differently. Obviously if you're working for flight school you're going to be sharing that money with whoever owns that flight school If you're an independent you're probably going to be able to charge. Most of the money yourself. the hour leeann the day rate. comes down to. What are you going to charge the way that i figured out is like what am i gonna charge per hour and you know what is a full day so just to keep. The math made full day. Ten hours know so that was that was my. That's my day rate. Um compared to my hourly rate then. That's what i've changed. What i put into it One of the things that came to my mind also is that you know as an independent flight instructor. I've had opportunities where traveled to go work with somebody. And you know so now you're including expenses as well so now it's a day rate plus expenses you know so if i'm specifically leaving my house to go teach somebody you know i mean and this is agreed upon beforehand with the with the pilot. I'm working with but generally you know they'll pay my day rate and they'll pay for my lodging and food for the day you know so That that become part of it as well. How do you keep track of all that. And what are you gonna charge for it. And what's what's a good rate to do that. And you know you just go by looking out there you can talk to other. Cfi's there's there was a bunch of different ways you know I had students that at one point told me you don't charge enough. You're selling yourself short. You know so. I had to look at it. I was i was probably you know Not charging enough for my services you know. It took a lot of effort in time and resources to get to where i was at. And you know i should be compensated for what it is that i'm doing and and that's what you got comes in this whole thing. What are you willing to work for an hourly rate. What are you willing to work for. As a day rate are Are you gonna make sure that somebody covers your expenses. If you're going above and beyond where you normally fly out of those some of the thoughts i had.

TOM CFI
Trump Administration Auctions Arctic National Wildlife Refuge To Oil Drillers

Environment: NPR

03:59 min | 4 months ago

Trump Administration Auctions Arctic National Wildlife Refuge To Oil Drillers

"And now a story you have missed. During last week's storming of the us capital. The trump administration achieved one of its biggest environmental reversals. It auctioned off leases to drill oil in alaska's arctic national wildlife refuge it's one of the country's most pristine places home to migrating caribou birds and polar bears but the sale was a bust degan hanlin of alaska's energy desk joins us now to explain welcome. Hi thanks for having me on. Thanks for being with us okay. So the trump administration has pushed for the sale for three years. I mean republicans have pushed to allow drilling in this refuge for decades. What exactly happened here. So the sale received a striking lack of interest as a former federal gas official told me it was a dry hole. A bust about half of the area up for leasing got no offers at all. No major oil companies submitted bids instead just two small companies each picked up one lease and the rest of them went to the state of alaska. There's a state owned economic development corporation here the highest bidder on nine leases. But what. I don't get the revenue. The refuge is thought to contain a lot of oil. Right so why wasn't there. More demand. well industry analysts have said there's multiple reasons a major one is the opposition to drilling in this place. There are ongoing lawsuits fighting. The trump administration's leasing program there filed by environmental groups. And the glitch. In which is an indigenous group that hunts the caribou that commonly give birth in the refuge. And they say. The leasing program is rushed legally flawed. There's also just the high cost of doing business in the arctic compared to say texas and there's the uncertainty about future oil demand and the changing presidential administration. Here's how larry personally former federal gas official for alaska put it betting your company and billions of dollars on oil in a high risk environment on the arctic. Besides for all the grief you're going to take from the public from shareholders from investors. That's a big gamble companies. Just don't have the appetite for that anymore and one more point money from this sale was meant to offset president. Trump's tax cuts back in two thousand seventeen but this sale will raise just a small fraction of the amount. The government had hoped okay so the industry didn't really show up. But you said the state of alaska actually stepped up since tapped into buy up leases. Would are they going to do with that. You think right so there's actually quite a bit of political support in alaska for drilling in the refuge. They say it's a way to create more state revenue more jobs so the basic idea. Is that the state buys these leases. Which last for ten years and can be renewed and it could just sit on them and wait for market conditions to improve and then it would have to partner with the oil industry to do that. Actual drilling okay. Well president-elect biden has said. He opposes drilling in the arctic refuge. Can you do anything about the leases. That have already been sold. It's not clear yet what we'll do. We know that. Normally lisa's could take months to finalise. But we expect the trump administration to try to rush them through before biden takes office when option is biting. Try to buy back those leases when he's an office though that's kind of unusual also. Once a company has an oil lease. They still have a lot of permits and approvals so industry analysts say a biden administration could hold up that permitting process and it's also still possible. A federal court could intervene teagan handling of alaska public media thank you.

Alaska Arctic National Wildlife Trump Administration Arctic Elect Biden Larry Arctic Refuge Donald Trump United States Texas Lisa Biden Biden Administration Teagan
Tony Bobulinski, Hunter Biden and China

Ben Shapiro

05:01 min | 4 months ago

Tony Bobulinski, Hunter Biden and China

"The Wall Street Journal has a couple of reports detail in the rest of the sort of Bob Belinsky story one. The headlines has. Hunter Biden, Sex business partner alleges Father knew about venture, however. Corporate records reviewed by The Wall Street Journal show no record for Joe Biden. According to The Wall Street Journal. The Biden campaign denied that Joe had any involvement in this Chinese venture with this oil company or stood to gain by it. Belinsky said he was rankled by Joe Biden's public statements. He never discussed the international business activities of Hunter and other family members. He also cited nearly $5 million in payments. A Senate Republican report last month said that C E F C made $200 law firm has another reason to come forward. Jablonski said he took part in the meeting with Hunter, Joe Biden and Joe Biden's brother, James Biden in L. A in 2017 when they discussed the Biden family business plans with the Chinese, of which Joe Biden was plainly familiar, at least at a high level. Biden campaign spokesman didn't immediately respond to a question about the alleged meeting with Bob Belinsky, James Biden and attorney for Hunter. Biden didn't respond to requests for comment. And then they, of course issued from the campaign. This blanket denial. Text messages and emails related to the venture that were provided to the journal. Bye Bye. Belinsky, mainly from the spring and summer of 2017 Don't show either Hunter Biden or James Biden discussing a role for Joe Adventure. Mr Gillie are is one of the partners told the Journal. I'd like to clear up any speculation that former VP Biden was involved with the 2017 discussions about our potential business structure. I'm unaware of any involvement in any time of the former VP the activity in question it never delivered any project revenue. Which sounds like maybe just maybe the project was on the road, and then it sort of fell apart. Kimberley Strassel has report over The Wall Street Journal on this She says. That Bible in skis text message just show he was recruited for the project by that James Gillies. Our character, 100 associate, Delia explains in December 2015 text, there will be a deal between the Chinese and what one of the most prominent families from the United States a month later he introduces Rob Walker, also a partner of Biden in March, 2016 Gilyard told Bob Belinsky, the Chinese entity was C E F C Which was shaping up to be the Goldmans of China. Meeting Goldman Sachs. Earlier promise that's a month to develop the terms of the deal with Hunter at this point, Joe Biden, of course, was still vice president. Is the deal began to take shape in 2017 by Belinsky began to question 100 would contribute. Besides his name and worried he was quote kicked out of the U. S Navy for cocaine use. Killer acknowledged skill sets it missing and observed that Hunter has a few demons. He explained that in brand 100 is imperative, but right now he's not essential for adding input. Hunter was hardly visible through most of the work until final negotiations ramped up in mid May, he brought in his uncle Jim Biden for a steak hunter in Texan emails wanted offices in three U. S. Cities, significant travel budgets of statement for Jim a job for an assistant and more frequent distributions of any gains. And, of course, he explained, he wanted a hell of a lot more than 100 $50,000 per year because his ex wife would nearly take all of it. Hunter repeatedly made clear that his contribution was his name. He railed at Bob Belinsky that the CFC heads are quote coming to be my partner to be partners with the Bidens even remind him that in this instance only one player holds the Trump card in its me may not be fair, but it's the reality because I'm the only one putting on and putting an entire family legacy on the line. Abiding claims he never discussed his son's business. But of course there was that made 2017 expectations letter, including that 10% for quote unquote, the big guy in one text, 100 said, quote my chairman given emphatic, no toe a version of the deal. Bye. Belinsky suggested that the chairman referred to Joe Biden. Deal fell through on the Chinese and in the summer of 2017. So is it possible that Hunter was freelancing? He was going around that that Joe had spent years basically patting me on the head telling me to go pick up bags of cash if you could help him And then now Joe's out of office and 100 want help Mount. He was freelancing and every so often you'd run something my job. Certainly possible certainly plausible. Is it true that Joe Biden while he was VP? Probably knew what Hunter was up to. Yeah, that is, that is probably true. Okay, So here's the problem. Nobody. The media wants to talk about this story at all. They don't find it interesting or fascinating at all that you're Biden has throughout his career engaged in sort of the low level corruption that many public officials do. Reckoning, sweetheart mortgages and that sort of thing. Well, or at least a sweetheart land deal from from people who are interested in some of the legislation on the table when he was in the Senate. And NPR put out an actual statement before the Nile before the denial from the Biden campaign. Here's what NPR's public editor said. Quote. We don't want to waste our time on stories that are not really stories. We don't want to waste listeners and readers time on stories that are just pure distraction. As unbelievable that is a taxpayer funded journalistic institution, openly declaring that they simply will not engage, but they're not interested whatsoever in the story preemptively. To the media. I mean, so all this is the lead up to their bait, right? The media are obviously and clearly on the side of Joe Biden, which means that the debate the stakes are really high. Because now this is basically the last chance. For Trump to set the table for Trump to change the topic from Trump to shifted course of the race. The members of the media again. It wasn't just NPR. Many members of the media were over and over, declaring that the hunter by the story was not, in fact a story. They kept a clean without any evidence whatsoever that it was Russian disinformation.

Joe Biden Bob Belinsky Belinsky James Biden Biden Hunter Hunter Biden The Wall Street Journal Joe Adventure Mr Gillie Vp Biden Kimberley Strassel James Gillies Goldmans U. S Navy For Cocaine Use Jablonski JOE Jim Biden
Trump administration to auction oil drilling rights in all federal lands of ANWR coastal plain

Marketplace with Kai Ryssdal

02:25 min | 4 months ago

Trump administration to auction oil drilling rights in all federal lands of ANWR coastal plain

"After decades of debate the trump administration next week is planning to auction off drilling rights in alaska. More specifically alaska's national wildlife refuge those against drilling say they want to protect the land which is home to some two hundred and fifty animal species including caribous and wolverines. But here's what you may find surprising. And this long-awaited bidding process turns out. There's not a lot of interest. Here's marketplace's scott tong. A lot of things were in fashion in the mid eighties. Big hair fanny packs and oil giants wanting to drill in alaska. National wildlife refuge an. I'll have mostly gone out of style. Tim brasher co publishes the alaska economic report. One thing that is really interesting. A lot of us in alaska who follow these things is how embitterment the major oil companies have been an war for years. That could be because they sense. The toxic politics decades of environmental opposition media risk of lawsuits against oil companies. Considering in war plus corporate reputational risk readdress and drilling in remote alaska is not cheap. Warns energy and lawyer. David hayes a former top official at the interior department. The price of oil is not high. The expense of drilling at alaska is high. Meanwhile there are many places in the world that are much cheaper to drill for oil than the alaskan arctic. So most if not all oil giants are expected to sit out the bidding which would mean lowest prices in measly royalties for the government. Now at exactly what. Congress predicted three years ago. When an authorized leasing assumed a billion dollars in royalties the bids that are put in are going to be nowhere near what congress said would occur. Low bids mean drilling rights could go for bargain. Prices though and radner at the alaska economic report predicts some interest perhaps among state and local players. The geology does look very good and even given all the bad pr and the politics. I just can't imagine that somebody maybe just individuals aren't going to submit bids perhaps anticipating lukewarm interest alaska state development commission. Just got the okay to itself to make a grab for potentially valuable land and eventually flip it or partner with oil. Companies deadline for bids came yesterday and wednesday. They'll be unsealed

Alaska Caribous Scott Tong Tim Brasher Wolverines Alaskan Arctic David Hayes Interior Department Giants Radner Congress Alaska State Development Commi
After Decades-Long Push, It's Not Clear Who Will Bid In Arctic Refuge Oil Lease Sale

Environment: NPR

03:25 min | 4 months ago

After Decades-Long Push, It's Not Clear Who Will Bid In Arctic Refuge Oil Lease Sale

"The trump administration has fewer than three weeks to go and is working to lock in oil drilling in the arctic. National wildlife refuge. It's holding an oil lease sale next week. Deacon handling of alaska's energy desk reports it's unclear. how much oil is under the refuge. Supporters of drilling in the arctic refugees coastal plain often point to its oil potential as a reason to develop the remote stretch of land president. Donald trump has described it as the gravesites of energy in the world. But while geologists say the rock formations oil seeps and old seismic results seem promising. The data available is still limited. We don't know very much about this area. David house neck is senior. Research geologist at the us geological survey and he helped with the agencies last assessment of oil potential and alaska's coastal plain back in the late nineteen ninety s. The usgs calculated anywhere from about four to twelve billion barrels of recoverable. Oil house. next says that's a whole of oil but also a huge range in part because it's based on seismic data from the nineteen eighty s. Technology has come a long way since then going into a lease sale in the coastal plain with the only data being thirty five year old. Two d data is quite unusual house. Neck says what's also missing from the usgs assessment is any data from actual wells in the refuge. There's been just one exploratory. Well drilled in the coastal plain also back in the eighty s on alaska native land but the results of that test well are a closely guarded secret confidentiality agreement and never an end date on it. Mark myers geologist and former commissioner of the alaska department of natural resources is one of the few people who have seen the results from the test. Well outside of the big oil companies that paid for it. So i can't comment on in terms of what i saw even though it was a lot of new york times. Investigation based on legal documents suggested the results were not promising but the amount of oil is just one factor companies will consider when deciding whether to bid in the alaska sale. Another is the money. Myer says it's already more expensive to drill in the arctic compared to say texas on top of that oil prices are still low after an oil price war and the coronavirus pandemic hit the industry. Hard low prices have fallen down to a level that we larry little capital for exploration in these companies. So that's one of the biggest negatives. There's also the controversy says weena gun. An analyst with the energy research firm would mackenzie. The refuge is home to migrating. Caribou polar bears and other wildlife and that has prompted multiple lawsuits to block drilling there. Some big banks site climate change and say they won't fund oil projects in the arctic. An amount of i guess public opinion the it wouldn't necessarily be good p for them to be seen as ruling and the article drilling and environmentally sensitive areas. But perhaps the biggest uncertainty of all is the changing administration. President elect joe biden says he opposes drilling in alaska's refuge although if leases are finalized before he takes office. It's not clear how he would stop it for npr news. I'm teagan hanlin in

Arctic Alaska David House Mark Myers Alaska Department Of Natural R Deacon Donald Trump Weena Neck Caribou Polar Bears Myer New York Times United States Mackenzie Texas President Elect Joe Biden Npr News Teagan Hanlin
U.S. extends protection for Houston-based Citgo from PDVSA creditors through July

Dennis Prager

00:29 sec | 5 months ago

U.S. extends protection for Houston-based Citgo from PDVSA creditors through July

"Until mid 2021. That gives President elect Joe Biden several months to set his policy on Venezuela, which is in a historic economic and humanitarian crisis. The protections have been set to expire on January 19th the day before Biden takes office. Venezuela has own Citgo since the 19 eighties as part of the state run oil company PTV ESA it provides between 5% and 10% of U. S gasoline. Keith Peters reporting about 20 African migrants found in if they're

President Elect Joe Biden Venezuela Citgo Biden PTV Keith Peters U.
Airline stocks slide as highly contagious Covid mutation in UK prompts travel restrictions

Mornings With Gail - 1310 KFKA

01:04 min | 5 months ago

Airline stocks slide as highly contagious Covid mutation in UK prompts travel restrictions

"Down this morning as the encouraging news on the stimulus agreements being overshadowed by news out of the uk that gail just mention that new and fast spreading strain of the covid nineteen is prompting. New travel restrictions. Right i mean you've got countries banning travel from the uk to include germany france. Italy canada israel the netherlands and belgium and shares of travel stocks coordinated lee Down because of that cruise ships airlines and oil companies Oil is fuel for cruise ships and airlines and so the oil companies are down on the news as is the oil price so i. The market's not as bad as it was earlier this morning and futures a dark thirty. This morning i saw The dow down five hundred points. It's down one hundred sixty seven now. That's a half percent at thirty thousand and eleven

Lee Down UK Gail Belgium Netherlands Italy Germany France Israel Canada
Rena Shah, Head of Business Development at Binance.US - Blockchain and Energy

Bitcoin Radio

03:55 min | 5 months ago

Rena Shah, Head of Business Development at Binance.US - Blockchain and Energy

"Was wondering if you could Speak to you know how you got into blockchain and maybe give any advice for students shooting in totally. I got into block chain crypto from the energy industry Prior to working in crypto iowa's a petroleum engineer with an oil company and basically. What kind drew my attention towards crypto as that people were using oil and gas to do crypto mining and i was kind of thinking so much of the energy we reproducing going towards that sector. I was wondering what bitcoin is. What was a sting they were mining for. You know in my traditional sense. I always thought of mining. Its you know mining for goal drilling for oil things like this in this whole digital currency thing kind of captured. My attention insult. I kind of took it to the far extreme to defend that. I immediately bought quite scheming rigs and thurbers and set up my own mining poll. I would not recommend people to do that directly because it takes a lot of capital and it was maybe not my best decision but you know it was interesting this than i finally got to learn how you set up. How do i drew mine for currency but then how do liquidate it. That was like the whole learning process for me and that really captured eight hundred. There's this alternative market that almost no one knew about five six years ago. Absolutely so yeah. That's so interesting to me. Because actually in our interviews with students A lot of them got their start mining as well A they heard about this bitcoin thing and they set up their own rig so Is that something that you would not recommend. Nowadays it's kind of hard proof of work. It's kind going to be obsolete everything's being approved at stake. If you're going to set up a rig i would start it off on a smaller scale than going all in like i did spending like fifty sixty thousand on like servers and such. But if you're going to do on a smaller scale totally trade out. I think it's kind of worthwhile to see turning on your rig configuring it how you wish and then watching it go to work for you and then senior output of what your earnings. It's a whole different stream of capital that you never saw coming but anything kinda larger than that perhaps. Get some friends or family to help you out along the way because it's just a lot of operational experience that you kind of have to learn to basically run your own business like on day one which i was not prepared for. Yeah that's a good point is you're kind of immediately setting up a business Yeah i did it in a different way so how. I did mine if that i consciously only wanted to use renewable energy for mine especially coming from the traditional power sector. I only wanted to use green energy towards mining. Because i thought it was morally a little. Bit kinda weird to be using oil to mine for crypto because oil should be is more for like human consumption like basic power for people. So when i set my not actually partnered with community solar farm so that all my rigs in service would be housed on their solar farm off the grid. I wasn't basically adding to the grid. Absolutely yeah i've heard people talk about like the best ways if you have some sort of free or cheap or renewable energy sources If you rob if you live with somewhere with water rates you house like running water that is generating electricity or or some other reason like can be really good investment gaia and if you're using green energy in america you actually could get a tax incentive to something to think about.

Bitcoin Iowa America
New York’s $226 Billion Pension Fund Is Dropping Fossil Fuel Stocks

Democracy Now! Audio

01:00 min | 5 months ago

New York’s $226 Billion Pension Fund Is Dropping Fossil Fuel Stocks

"The state of new york has announced plans to divest. Its two hundred twenty. Six billion dollar retirement fund from most fossil fuel companies. The new york state common retirement fund is the third largest public pension fund in the united states. New york state controller. Tom donna police said the fund would divest from the riskiest oil and gas companies by twenty twenty five and decarbonised by twenty forty. The decision follows years of organizing by the divest new york campaign which was launched after hurricane. Sandy bill mckibben co-founder of three fifty dot. Org hailed the decision. This is one of the really great. In a moment. This is the biggest pension fund to divaesque. It comes from the state that is at the heart of the global financial system. That is it is smart money and it comes after the lawyer for of the controller to engage with these oil companies and try to knock some sense into

New York State Common Retireme Tom Donna New York Sandy Bill Mckibben United States Hurricane
Ex-Energy Secretary Says Fixing Climate Change Is Tough, There's No Vaccine

Environment: NPR

06:32 min | 5 months ago

Ex-Energy Secretary Says Fixing Climate Change Is Tough, There's No Vaccine

"President-elect biden plans to change. us climate policies or rather. Pick up where they left off. Resuming efforts disrupted under the trump administration biden talks of the united states generating all its electricity by twenty. Thirty five without emitting carbon into the atmosphere. He wants the whole economy to run on clean energy by twenty fifty. If that can be done at all it will demand changes in technology so we called someone who knows the technology well. Steven chu was a recipient of a nobel prize in physics. He was also secretary of energy in president obama's administration and he says climate change makes the pandemic look simple. There will be no vaccine magical shot for climate change and it's going to have a more profound impact on the world at large if you can imagine that than what we're going through today. Steven chu says. Markets are moving in favor of cleaner energy. President trump's administration loosened fuel economy standards for cars and promoted coal but the coal industry kept dying on. Its own and car companies. Say they are ready to go back to stricter standards. Renewable energy like wind and solar is getting cheaper while oil companies are contemplating a different future. We've been interested by the news that some oil companies are forecasting peak demand Not that their production would peak but that the demand for oil is plateauing or declining in the next few years. Yes i would say it's more plateauing will be a long plateau which is not what they would have said ten years ago. It's in part due to the fact that they are into spain. Electric vehicles will become better and better and they will as they look towards the future. I think the more forward leaning oil companies are saying well essentially by twenty seventy twenty seven five. Whatever we need to be a very different business you're going to actually use oil or natural. Gas is then. The carbon can't be released into the atmosphere in past business cycles. The market has sometimes worked against renewable energy oil prices go up wind and solar lamar attractive by comparison but then oil gets very cheap as it absolutely has been during the pandemic and oil becomes much more attractive. Is there any reason to think that cycle would be broken this time. Yeah the technology is getting better. I go back to something like electric vehicles. Which for personal transportation you can imagine those at twenty twenty five thousand dollar car. That has a three hundred fifty mile range as four times less expensive to own and operate in terms of fuel and maintenance and pretend you can charge two hundred miles in five minutes. Six minutes and means the car batteries last longer than the human bladder. Which is the key criteria. I hadn't thought about that. People are going to stop for that reason. Okay go on. Yes and so. These type of batteries will be deployed so it makes much more sense. People will gravitate towards naturally. That's why the oil companies are looking towards other uses for oil natural gas particularly chemicals plastics. What they really love is if you could use that material to make construction materials that begin to displace cement or seal or at least supplement them in and lower the carbon footprint of those things. Oh because there's a big carbon footprint with those materials does construction materials as well. Oh absolutely cement. For example is responsible. Just cement is responsible for about eight percent of the entire carbon emissions so given the changes in technology and the changes in the marketplace is the biden administration which is set these relatively ambitious climate goals for twenty thirty five and twenty fifty. Are they pushing on an open door. Then no not really because in the end to get rule acceptance is got to be better cheaper and there's a nurse and so if you look at how you make these major shifts in infrastructure. These are half a century investments. How the lifetime of a coal plant. The lives of a national as planned. Lifetime of an automobile is fifteen. Two going on twenty years now. You can retire things before their natural lifetime. But then there's a lot of resistance to do that So the question for the government is how did give this a shove. How did they move things a little faster than they might naturally move on their own. That's right the real question is what will help people make electric vehicle choice. We'll first thing would be. The technology gets so instead of keeping your old car. You really want to have something. That's just better. But how do you retire things before. The national lifetime is initially now. You have to demonstrate that this change is going to be good for not only health but the economy and everything else. It has to be cost effective and cost effective e e. Could incorporate the cost of cumin house. Hopefully the american public will have no trouble trying to understand that when it comes to your own your family your children's health. It's worthwhile one of the reasons i wanted to call you. Was that you were in the obama administration when it was attempting to get climate legislation through congress. And it didn't happen. There was tremendous political resistance. Do you think the political landscape may have changed in a way that will allow more serious investment in fighting climate change. Yes in fact. I would go further and say i think some oil companies you know. I'm on a advisory group to royal dutch. Shell and i truly believe that the company wants to see itself in a completely new business that they cannot be a carbon company that emits carbon into the atmosphere and so there's also growing awareness as the public than companies themselves in. This is a problem. We have to be part of the solution. Even if it means that. We've got to have to completely reinvent ourselves steven chu. It's a pleasure talking with you. Thank you so much. Okay my pleasure.

Steven Chu Trump Administration Biden Nobel Prize United States Biden Administration Barack Obama Spain Obama Administration Government Congress Shell
Six U.S. Oil Executives Are Convicted of Corruption in Venezuela

Fresh Air

00:48 sec | 6 months ago

Six U.S. Oil Executives Are Convicted of Corruption in Venezuela

"Accord in Venezuela has sent in six American oil executives to prison for corruption. As NPR's Philip Reeves reports, the executives continue to maintain their innocence. The six are executives from Sicko, a refining company based in Houston. They were flown to Caracas three years ago for a meeting with Citgo's owners, Venezuela's state owned oil company there they were arrested by the government of Nicolas Maduro. And accused of running an embezzlement scheme. Washington has called for their release. But now a Venezuelan judge has sentenced five of the men to prison for just under nine years. The six was given 13 years. The news. Media and rights groups were denied access to the trial. The verdicts were greeted with dismayed by families and lawyers of the so called Sicko six who say they're innocent. Philip Reeves NPR news

Philip Reeves Venezuela Nicolas Maduro Sicko NPR Citgo Caracas Houston Washington
Venezuela judge convicts 6 American oil execs, orders prison

AP News Radio

00:50 sec | 6 months ago

Venezuela judge convicts 6 American oil execs, orders prison

"A Venezuelan tribunal has announced the outcome of the trial of six refinery executives who never came home from a twenty seventeen meeting in Caracas six American oil executives who were lured to Venezuela for a business meeting and event held for three years were found guilty of corruption charges by Venezuelan judge and sentenced to prison that's according to defense lawyers who dashed hopes of a quick release but said they would appeal five of the men were sentenced to prison terms of eight years and ten months one of them received a thirteen year sentence Alario Rafael Zambrano a brother to two of the men said they were victims of judicial terrorism the so called cico six are employees of the Houston based company it's owned by Venezuela's state oil company their arrest was the beginning of a purge by president Maduro's government at a time when relations between Caracas and Washington were crumbling news media and human rights groups were denied access to the hearings I'm Jennifer king

Caracas American Oil Venezuela Alario Rafael Zambrano Houston Maduro Washington Jennifer King
"oil companies" Discussed on Drilled

Drilled

02:01 min | 1 year ago

"oil companies" Discussed on Drilled

"Change. <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> We now have a <Speech_Female> <Advertisement> membership program <Speech_Female> <Advertisement> for drilled old <Speech_Female> <Advertisement> through sleet <Speech_Female> supporting cast. <Speech_Female> You can go <Speech_Female> to critical frequency <Speech_Female> dot org slash. <Speech_Female> Join <Speech_Female> if you like <Speech_Female> the podcast and <Speech_Female> you want to support more <Speech_Female> reporting. We're <Speech_Female> doing a ton of <Speech_Female> it. This year joined <Speech_Female> the program for four ninety <Speech_Female> nine a month <Speech_Female> that gets you. Access to <Speech_Female> a members. Only feed <Speech_Female> of not only drilled <Speech_Female> also <Speech_Female> peace of mind with <Speech_Female> the Beeman and Dan <Speech_Female> some other critical <Speech_Female> <Advertisement> frequency. PODCAST <Speech_Female> <Advertisement> joining soon. <Speech_Female> The member feed <Speech_Female> will always be ad <Speech_Female> free. And you'll <Speech_Female> also get access to <Speech_Female> bonus episodes <Speech_Female> extra interviews <Speech_Female> scoops <Speech_Female> and some sneak <Speech_Female> peeks of investigations <Speech_Female> coming <Speech_Female> up. Check that out. <Speech_Female> It's at critical frequency <Speech_Female> dot org <Speech_Female> slash. Join <Speech_Female> the really appreciate. <Speech_Female> Your support <SpeakerChange> helps <Speech_Music_Female> us keep going. Drilled <Speech_Female> <Advertisement> is produced and distributed <Speech_Female> by critical <Speech_Music_Female> frequency. <Speech_Music_Female> It's reported and <Speech_Music_Female> hosted by me <Speech_Music_Female> and also producer <Speech_Female> on the show executive <Speech_Female> producers <Speech_Female> our Richard Wiles <Speech_Female> <Advertisement> and Katie. Ross <Speech_Female> <Advertisement> our story consultant. <Speech_Female> <Advertisement> Is Rica. <Speech_Female> <Advertisement> Murthy our <Speech_Female> theme music for these <Speech_Female> twice monthly <Speech_Female> episodes <Speech_Female> is by Martin wissembourg <Speech_Female> other music music <Speech_Female> in the show is <Speech_Female> from David. whited <Speech_Female> demerit <Speech_Female> are cover. Art is drawn <Speech_Female> by Lucas. Hausky <Speech_Female> drilled his <Speech_Female> funded in part by <Speech_Female> generous grant from the <Speech_Female> Institute for Governance <Speech_Female> and sustainable all <Speech_Female> development. You <Speech_Female> <Advertisement> can find drilled wherever <Speech_Female> you get your podcast <Speech_Female> and please remember <Speech_Female> to read and review <Speech_Female> <Advertisement> the podcast. <Speech_Female> It helps us find listeners <Speech_Music_Female> <Advertisement> and fight <Speech_Music_Female> <Advertisement> climate deniers. <Speech_Music_Female> Thanks <SpeakerChange> for listening. You <Speech_Music_Female> see it next time

"oil companies" Discussed on Drilled

Drilled

01:36 min | 1 year ago

"oil companies" Discussed on Drilled

"Hi to systemic human rights violations all over the world either. Not Necessarily the company is that we should be having the energy transition over to because take us this past week. Oil companies have been busy funding attacks on the green new deal in various climate scholars. The heartland institute. It is all over. Cortez a group called power the future which claims to represent energy industry workers but is run by a long time Coke Institute and Coke Foundation staffer the The Independent Petroleum Association of America. IPA went after scholars. Naomi rescues and Jeffrey Soup ran on their blog. Energy in-depth alleging conspiracy amongst amongst the researchers and lawyers who filed amicus briefs in a California court case the blog was launched with funding from BP Chevron Shell you know all those independent petroleum producers in our last episode we talked about another similar organization the Western Energy Alliance which claims to represent small producers but has members from global oil companies including Exxon on its board and its blog western wire which sent a fake reporter to try to get information out of a lawyer. WHO's arguing against excellent none of this points to companies that seem ready to write down assets or regulate themselves? The proof is in the numbers between now and twenty thirty thirty the US is on track to account for sixty percent of world growth in oil and gas production expanding extraction at least four times more more than any other country that doesn't sound like an industry seeking a global solution to climate.

Western Energy Alliance heartland institute Coke Institute BP Chevron Shell US Coke Foundation Exxon Cortez Jeffrey Soup The Independent Petroleum Asso Naomi California reporter
"oil companies" Discussed on Drilled

Drilled

02:31 min | 1 year ago

"oil companies" Discussed on Drilled

"Hoping have enjoyed certain subsidies in the US tax code for century. Some politicians and pundits. Let's have focused on the idea of bringing the fossil fuel industry around to transitioning to cleaner energy and they've toyed with the idea themselves at various points. Exxon was early on solar alert panels and Lithium Ion batteries in the nineteen seventies for example as we learned in our first series. MVP and Shell flirted with the idea of becoming energy companies as in the early two thousands but stockman and trout. Point out that realistically you might not want the people who've blocked progress for thirty years in charge of a massive transformation at the industry of the century round two thousand where I was looking at the London. VPN Shell kind of both went through this kind of rebranding branding exercise to biggest international companies. In Britain. Shell had come out of this reputational crisis. This is a Nigeria scandals and think he had other issues and they both went through this kind of rebranding it is. Amy became beyond petroleum. Shell Shell started doing kind of similar he are if it's there. Was this big debate about whether it made sense for on a gas company to transition to other forms absorb energy or whether they were just too ingrained in the business that they been doing for the nearly a century at that point and twin needing twenty is doing they're both predominantly all of the all the gas companies. Very little has changed. I think essentially the clean energy transition doesn't really need these companies to to to happen. It's already happening. We just need governments to stop doing that and create the regulatory structure the Herodotus clean energy baby those companies will be incentivized more incentivized to get on board. All maybe they will simply you know decrease in and size and slowly disappear as the transition happens. I think historically we've only seen them in the transition to clean energy Anji with time to Nile and your campaigns to the greenwash what. They're what they're actually doing. So the histories. The mystery average twenty eighteen.

Shell Shell Shell US Exxon London MVP Nigeria Britain Amy
"oil companies" Discussed on Drilled

Drilled

02:35 min | 1 year ago

"oil companies" Discussed on Drilled

"So scientists have said we have a little over a decade to radically reduce emissions and fossil fuel dependence and response oil companies have launched a lot of ad campaigns about algae-based biofuels or buses powered by coffee grounds but their balance sheets tell a different story. US companies are expanding production and dominating dominating the global market. It's not just in action on climate. It's a leap in the opposite direction. That's the context in which the green new deal has been drafted. It's important learn to remember that when you hear. Oil execs or politicians with close ties to the fossil fuel industry described the resolution as quote radical despite all the debate about it. The green new deal doesn't contain any specific policy recommendations yet although the green new deal. FAQ Did get into a bit more detail. Here's rap Alexandria Akhazia Cortez announcing the resolution and explaining why. It's not a bill. This is our first step. Our first step is to define the problem and defined the scope of the solution and so we're here to say that small incremental policy solutions are not enough. They can be part of a solution solution but they are not the solution unto itself but while the Green new deal drafters optimistically stated in their FAQ that new fossil fuel project simply. Please won't be necessary as we transition to a new economy. That ignores the reality that they're not currently needed but that doesn't stop the industry from pursuing the idea that any transition condition will happen without placing restrictions and requirements on oil companies ignores the way those companies have behaved for over a century and the entrenched power structure that that behavior has created incumbent our industry St Century old as that we've built a a lot of our infrastructure around the industry that particular community in the United States has relieved harnessed our political ogle system to ensure that they get their way so it's really a denial of their influence and power to said that our just following demand they've actually manufactured honest generation and rinse our society is structured around the fossil fuel industry. The street at technology now that are ready to go and that he can rebuild society around so I freaked enough to power the bottle industry.

Alexandria Akhazia Cortez United States
"oil companies" Discussed on Drilled

Drilled

01:40 min | 1 year ago

"oil companies" Discussed on Drilled

"Tapes that actually aligns with our climate goals is the only way to guarantee success in uniqueness goals kind of the number one recommendation of our report or slows from pretty simple the whole nation. Stop digging to stop. Digging here would mean not only stop expansion of fossil fuel production but also to manage its decline as we transition to cleaner energy. I know that idea idea sounds radical. But that's where we're at precisely because oil companies blocked any sort of action for decades. Another argument we hear often from oil companies is that they're merely supplying demand but supply and demand are lovers the impact each other and despite what oil companies spokespeople and front groups say the fossil fuel industry is not in fact the world's only a hundred percent consumer driven demand only marquette. Here's trout again and her colleague. Orange Stockman Komo consumption of any product is determined by supply. And so it's kind of the nominee that eh we can only look at a demand. Supply plays a big part of the equation. What we're seeing right right now at the United States is massive expansion of production? Such that the dumping on a new oil on the world market that depressing oil prices by lowering prices incentivizing greater fossil fuels.

Orange Stockman Komo United States
"oil companies" Discussed on Drilled

Drilled

02:58 min | 1 year ago

"oil companies" Discussed on Drilled

"In two thousand sixteen the nonprofit oil change international released a report on where exactly the world's stood carbon carbon lies in terms of meeting the Paris agreement goals but they found was startling and this year they released an update on that report. That's even more concerning. Here's Kelly trout a senior research analyst. With the group we'd have more oil gas and coal already in existing fielded minds around the world. Then we can afford burn and so that really shaped a lot of our work over the past couple of years and what prompted us to do this report or guest arm the US right Out is we were seeing the data and the projections of how rapidly. US oil and gas production has already already grown and that it can continue growing at us. Similar meaty fast and alarming pace and you know our this global analysis else's coins to the facts that meeting the Paris agreement goals will require a bed. The expansion of the fossil fuel industry stops now everywhere wearing the world. Meanwhile the United States the wealthiest fossil fuel producer in the world with arguably the greatest responsibility a start winding down in production of fossil fuels as moving further than any other country in the world. Actually rent up so at a time when we need to be reducing the amount of fossil fuel production in the world the US is expanding extraction the oil change. International report concludes at the US. Oil and gas industry is gearing up to unleash the largest burst of new carbon emissions in the world between now and twenty fifty. Keep in mind that the latest report from from the Intergovernmental Panel on climate change warned that reaching two degrees Celsius warming would significantly increase the odds of severe potentially irreversible impacts to human and natural systems compared to limiting warming to one point five degrees Celsius the difference there could mean the disappearance of entire ecosystems and communities the PCC report emphasized that a one point five degrees Celsius. Path is possible but will require quote rapid and far-reaching transitions and and deep emissions reductions in all sectors so that carbon pollution near-zero by twenty fifty. Now says doesn't suggest that we should you turn the tax overnight what it really points series the need to manage the decline of fossil fuel production. Use Globally in that. We can't just it depends on the markets to figure this out in a way that mine will align with climate limit or to be just and equitable for workers in communities that are on the frontlines of the Industry now that by planning.

United States Paris Kelly trout research analyst Intergovernmental Panel producer PCC
"oil companies" Discussed on Drilled

Drilled

01:38 min | 1 year ago

"oil companies" Discussed on Drilled

"That was president trump at this year's state of the Union and those two statements that the US is is the largest oil producer in that. We're now a net exporter for the first time in decades contradict. What will companies have been saying for years to justify inaction on climate aamot change? Here's Chevron Attorney. Ted Boutros talking to reporters on the steps of the District Court in San Francisco last year. We recognize that. Global warming is a serious issue in poses serious problems that need to be confronted on a global basis. It's a standard narrative from oil companies. No climate change is a problem but it's a global problem requires a global solution becomes a little harder to tell that story when the president is bragging on you. Being the world's number one provider of fossil fuels rented talk today about how in a period where there is global consensus around the need to tackle climate change. US oil companies knees have been ramping up. Production Exxon Mobil an announcement earlier. This month declared itself on track for ambitious growth by twenty twenty five. It's oil and gas ass. Production will be twenty five percent higher than it was in two thousand seventeen. A recent report in the Financial Times revealed that none of the oil majors spends even as much as three percent of their capital investments on low-carbon energy. Today we'll get into what that means for the world and how it's led to the proposal of green new new deal Westervelt and this.

president Exxon Mobil Ted Boutros US Chevron Attorney Financial Times San Francisco Westervelt District Court Union
"oil companies" Discussed on The Essential Oil Revolution

The Essential Oil Revolution

05:28 min | 1 year ago

"oil companies" Discussed on The Essential Oil Revolution

"Cnet plant would destroy the essential plant and you wouldn't get anything from it the flowers too fragile so every single part of it is extremely important not to go back to Cedar Wood that process from the beginning to create his farms to make sure that we have those essential wow I feel like we could talk for a whole nother our this about the farming and the testing and all of the processes we tell of thousands hundreds of thousands of really small businesses because each and every person at the part of living is their own small business report supporting things that I thought was most important to me I started well as I've gone through the trouble of figure out who had the best essential oils and then it didn't want to stop there because as a network marketing company and living also has products every single to go to the Best Ito dot com and there's a link right there the by the book directly from Amazon in the right to you we'll put a link to that in our show notes as well though thank you again Bill Liebeck this has been wonderful thanks for sharing your wisdom with us here on the Oil Revolution Smith I really appreciate this opportunity thank you well there you have it folks I'd love to hear your thoughts and opinions on today's episode go over to our facebook page where you can see today's episode posted and tell us what you think also find me on Instagram at life by Sam right you can find our show notes and all the resources listed on today's episode at Revolution Oils PODCASTS DOT com. We'll see you.

Bill Liebeck Cedar Wood facebook Cnet Amazon Sam
"oil companies" Discussed on The Essential Oil Revolution

The Essential Oil Revolution

22:49 min | 1 year ago

"oil companies" Discussed on The Essential Oil Revolution

"Revolution where you're given the tool to supersede an ordinary everyday lifestyle inspiring speakers diy recipes healthy living tips and more Komo so her body processed all those toxins out I mean if it'd mean that she had to stay near the bathroom or something to be able to deal with the symptoms but she's alive will also say that they don't or that does better in it's become through I don't know about you but to me it just feels like it's become this elite ugly and almost divisive atmosphere around this topic of essential oil of all things which are just these beautiful simple plant based substances but there's so much wrapped up into that that word first of all the word best right can get a lot of people really fired up and then there's so many different ins and outs but when you start doing your research and you started you came at a place of total unbiased you weren't making money with young being you you were just using them for yourself and looking for the best quality or yourself so or some of those questions you started asking in the beginning and what did you start to learn along your journey that led you to really want to write this book when I started out I was actually a linguist in the air force so my job in the air force able to analyze data and table to determine what the motivation was behind somebody's saying something determine if they were telling the truth is one of the biggest ways I could do that by following the money and figuring out where the spending their money or what kind of projects they would spend their money on and so by doing that I was able to figure out that an essential oil company winded spend basically six distinctive properties that kind of stuck out to me especially for young living they own their own farms may have total trends currency I really appreciate that when I was trying to do research on it and I really appreciate it and I was trying to research on it to be able to figure out what was the best oil company because I had all this total transparency of information to be able to look at so owning their own farms puts young living as totally distinctive from everybody else because auto broker essential oils whereas every other essential oil company is essentially a broker because at some point in the process they have to take somebody else's word for it whereas they start to finish quality guarantee right never leaves their control their oversight testing and standards not only did they do testing inside their house but they do testing out side of their company to other third party companies who aren't just on their payroll to provide the results that they want but companies that are reputable and you say worked for Scotland Yard about that that the third party testing I think is such an important key point in your right other companies will say well we get third party ballots in his well that walk me through a little bit more about what happens in those laboratories and what do we need to be aware of when we see those claims being made one with other essential oil companies that the lab that is supposedly this independent company is really just a subsidiary of their same company so it's it's not tactically a third party laboratory where they're actually on their payroll to provide testing constantly every month whereas living like I mentioned they have Tories at support in Scotland Yard's doctor kind of quality that is there but one of the things that I learned was that APPs nor which is the the French repeat Quality Standards Group they even started adopting living standards as their standards because their standards was so much higher in so that would be y that we want to be determining factors lasts all of the living was much higher quality because not only were they doing testing inside their house that they were sending it out to Louis reputable places and having them do testing on coming back results yeah so one thing you mentioned was the transparency component right and that's something that I really love about young living as well I mean you can go the farms talk to the staff talk to the the scientists need they're just they're so passionate and open honest about their farming practices now one criticism that I hear people say a lot is that you should never buy essential oils for my company that does not disclose their G. C. M. S. results which there's a whole lot that we could say about that but I want to hear your take explain to it's kind of quickly what that means what that estimate over two questions there could transparency and the testing standards we tackle transparency I so you talk about transparency my wife and I actually went and visited living farms the farm we've got a half hour drive away and we went in all-dancing we'd like to come and take a tour of our when we got a a half an hour tour of part of that process even though they were stealing a relief important all the time and he explained in detail every single part of that process that the oil's going through all the way from packing the cooker to the distillation into where the how it's Indi- every single abortion and we've got to our entire facility what the any questions my wife said okay let's back claws in that door and it actually turned out to the genders closet so we had seen every single portion of that and then he asks us so you guys probably GonNa limit so we got this complete and total transparency from the is still really manager about the entire process without even having the necessity of being a part of the of living the high quality standards there but then those wells for acting standards young live windows twenty one different tests in triple kate times during the process and you're testing standards are so high that can determine when adults chemicals are actually inside a sample that they have gotten there was actually a time when somebody was questioning the quality of the unlimited soon essential and what ended up coming into into light was that they said I'd had adults chemicals in it and the young living came back and release they're testing results all of them that particular batch than it was said to have this adults and chemicals in and not only were they able to take that person's testing results with their knowledge of the equipment to be able to say okay. I doc you didn't clean your sample in between doing the cinnamon bark and the other substance itchy using before by the way this is the substance that were testing on beforehand and here's where you made your mistakes in your past so that is why their knowledge of their equipment difference because this other person was trying to say the didn't have high quality oils but they released their test results when there was some sort of question about it the reason why you're living doesn't release testing results on his G. C. and mass spectrometer results is because the companies would then take their essential oils and synthetic create other components to make those peaks and valleys of young consensual adults and then they would release those sandwiches look we have Santa Peaks and valleys in reality there falsely creating the evidence to make it look like it's so funny to me I see all the time like facebook ads and whatnot from all these different news putting ads out that will essentially say look you know where as good as young Levin or young living customers are buying from US instead because we Hebrew so it kind of makes me laugh out loud because everyone's holding themselves to this had the highest standard out there which is young living essential oils but then there's this other part of the Internet that's like oh they're just lying basically they're just adulterating everything and if they didn't have anything to hide and they would just share all for information all the time and you can't this company you could not share all its information because look at all of these companies trying to end they have a good quality them and so they release all that information out there they're going to have so many people trying to mimic their test results with synthetic Emma Coles or with Edo tweaking or just flat out lying you know because honestly and it makes me Kinda laughed when people are like oh I'm not going to buy young living because they don't release they're g CMS results and I'm like okay let's pretend that they did would you have a clue how to actually have the right people wouldn't know most you show me a young living oil guest strike dommage I can hardly even say the word test results compared to a synthetic completely adulterated oil from Walmart I'm not going to be able to tell the difference right it'll be staring him in the face that I have not studied and I don't know what those results say so yeah but it's a criticism here a lot for sure and I I WANNA talk about a couple more we're going in there and these are just the frequently asked questions and criticisms that I hear all the time from people who ask me why do you you choose young Levin when Bubba I WANNA I wanna get into all of that with you and not leave anything on the table so we'll do that in a moment after we gay quick break support this week comes from our lovely sponsors over at third love their love is my absolute.

Komo
"oil companies" Discussed on Marketplace with Kai Ryssdal

Marketplace with Kai Ryssdal

03:50 min | 1 year ago

"oil companies" Discussed on Marketplace with Kai Ryssdal

"Adapt or die right. I mean it sounds harsh but there is a certain amount of Darwinism in business got to stay a step beheaded competition so from time to time on this program. We tell you about companies. Making hard left turns or right turns. Take your pick youtube started out as a video based dating service. It's true shop by the ECOMMERCE company online snowboard equipment in its early days this next pivot marketplaces and dealers about to tell you about was even more unusual oil and gas exploration to competitive video gaming here. You go if you're wondering how in the world company gets all the way from fracking fortnight. It started with a phone call in the summer of two thousand eighteen black ridge oil and gas. CEO Kindy Habilis was channing with one of his company's largest investors. We said Ken and what do you know about. East sports and I chuckled. I said well I can tell you. My eleven year old son is playing fortnight all the time when he's not he's on Youtube watching other people quake fortnight or he's on twitch watching the Sky Ninja play for the investor on the phone guy named Lyle Berman was pitching a company called Allied E. Sports which puts together and broadcast on cast video game tournaments allied was part of the same company as World Poker tour which Berman also funded seventeen years ago turns out Berman's a pretty famous poker players. He's in the Poker Hall of fame he told Develops that Black Ridge Acquisition Corp and investment companies would public in two thousand seventeen should ditch oil and gas and instead acquire the E. Sports Sports Company along with the Poker Company for a cool one hundred and fifty million dollars. We weren't out looking for sports opportunities but we ended up going full steam ahead with the pivot to east sports. The world of competitive video gaming suddenly just looked like a better investment than the volatile energy industry which was losing its luster but to make the pivot. Black Ridge had to sell the idea to its investors. You know when we were going on the road explaining this to shareholders very first question was wait a minute when you came here before for your October two thousand seventeen I feel you are selling an oil and gas thesis. What is this all about is concerned that his expertise energy. He says e sports arts is such a young industry that there are no real experts. They're Joanne. Highland Co authored a book called pivot how top to adapt and change course to find ultimate success asks. She says there are a few things business needs to understand when trying to make a hard left turn we would want to know that they have a good market understanding of these new markets that they would want to go into because it's very difficult to go from for example oil and gas all the way over to east sports without having some fundamental capabilities abilities to make it happen a big pivot. It's been done many times just look at video game company Nintendo. It started out as a Japanese playing card manufacturer in the eighteen ninety s after some mild success. The company was struggling to stay afloat tried to get into a bunch of other industries that ended up going nowhere. They sold rice for awhile they a Try to get into taxi cabs. They even had something called love hotels which are hotels at rent by the hour Dodd you can fill in the rest of their yourself. That's Jeff Ryan and he's author of the Book Super Mario how Nintendo conquered America he says when the company started manufacturing video games in the nineteen seventies it still had contacts in the toy industry so does pivot was a little less out of left field and moving from oil and gas to East Sports Nintendo never did what language seems to which which is to discard their whole hand of poker and pick five new cards that new handy sports is growing rapidly technology consulting firm activate says already more than two hundred and fifty million people watch sports around the world and Goldman Sachs says more people watch other people play video games than tune in for Major League Baseball. I mean for marketplace.

E. Sports Sports Company Lyle Berman youtube East Sports Nintendo Joanne Jeff Ryan Allied E. Sports Nintendo Black Ridge Dodd Poker Hall Black Ridge Acquisition Corp CEO Goldman Sachs Ken Kindy Habilis Major League Baseball Highland Co
"oil companies" Discussed on Marketplace with Kai Ryssdal

Marketplace with Kai Ryssdal

06:47 min | 1 year ago

"oil companies" Discussed on Marketplace with Kai Ryssdal

"Coming up. They sold rice for a while. They try to get into taxicabs then they did east sports but first. lets us do the numbers now. Industrial is down fifty two points today at ten percent twenty seven thousand thousands of ninety four the Nasdaq was essentially unchanged eighty one eighty two s and p five hundred three thousand and six. US steel hammered down more than eleven percent today after cutting its profit forecast company recently laid off a bunch of workers in Michigan. US Steel Company nucor off three tenths percent steel dynamics advanced about four tenths of one percent House Speaker Nancy Pelosi the Democratic proposal today to cut prescription drug prices so into Wall Street drug cabinet we go. Pfizer popped up nearly a third of one percent. GlaxoSmithKline delivered nearly two thirds percent today bonds rose noon on the tenure T. note ask happens down to one point seven percent listening to marketplace and you count on marketplace to help you understand how the economy works and the way it affects our lives as a nonprofit news organization we count on listeners like you to support this kind of journalism think of it as an investment in your lifelong education any donation helps and if you give today you'll help unlucky fifty thousand dollar match from the Kendeda Fund so please become a marketplace investor at marketplace dot org and thanks this marketplace podcast is brought to you by Entercom There's no room for idle chat in business. So if email is your only moneymaker make room for something. New Intercom. Intercom is the only business messenger that starts with real time chat thing keeps growing your business with conversational bots and guided product tours take intercom customer unity in just twelve months they converted forty five percent more visitors visitors through Intercom Messenger. Make Room for a new revenue channel. Go to ENTERCOM DOT COM slash podcast. That's intercom dot com slash podcast and by capital capital one with the spark cashcard from capital one you earn unlimited two percent cashback on all of your business purchases think about it unlimited two percent cashback on everything you buy for. Your Business and that cashback can add up to thousands of dollars which you can reinvest back into your business so you can keep growing take Christina stumble owner farmgirl flowers flowers in San Francisco. She earned one hundred fifteen thousand dollars in cash back last year with spark card and then she used that money to invest in digital marketing imagine what unlimited two percent cashback could do for your business see capital one dot com for details. What's in your wallet. This is marketplace. I'm Kai resolve this next story. Worry brought to you by that little something extra. You have to pay when you buy something. In most states you go to the store you buy a pack of gum or you go to a dealership the by car you pay sales tax for a long time though like twenty six years if you bought something online from a company in another state no tax do the Supreme Court said so but then in two thousand as an eighteen in a case called South Dakota v Wayfair deep into the days of the Internet economy. The court changed its mind and said out of state online taxation was okay and in the year or so since that ruling states knowing a good source of revenue when they see it have passed laws doing just that laws that senators from a couple of states without without sales tax not WANNA stop from Oregon Public Broadcasting K Davidson explains to understand how these laws work step into this Portland warehouse and meet Dave stains be checking out the shelves looking to see what we have in stock right now stains be runs ecommerce for made in Oregon which sells all kinds of distinctly Brinkley Oregon products pottery Pendleton blankets and this very popular hat. It's a trucker hat. It's got a patch that says Oregon is above California there's a lot of Oregon's just chuckle and love that thing as I said distinctly Oregon now another distinct thing about Oregon is it has no sales tax of its own so this year. It's been a huge change for made in Oregon to have to collect tax for online sales in about a dozen other states Colorado Dove Georgia Illinois Maryland Michigan Minnesota stains says it's a headache he estimates it will cost nearly forty thousand dollars in staff of time in software to comply with tax rules of dozens of states and companies around the country are confronting the same situation. Diane yetter is the founder of the Sales Tax Institute in Chicago so sales tax before the Supreme Court decision last year was based on where a company maintained physical presence and so the easy way to think about that is where did you have a store an office manufacturing plant a warehouse but in what's known as the Wayfair case the court looked at the the explosion of online shopping and the erosion of sales tax revenue it ruled that companies can also establish an economic presence in a state making them responsible for collecting sales tax that was good news to Washington State Representative Gael Tarleton. The wayfair decision is one of those rare things that happen in where we say. Everyone has to play by the same set of rules. If you're an online customer it's the same as walking into a storefront today. Almost every state including Washington requires online businesses to collect sales tax once retail sales pass a certain threshold say one hundred Thousand Dollars Charlton says that money matters in Washington which has no income tax and relies heavily on sales taxes to fund services. We're paying for health care where paying for education we're paying for affordable housing and everything that our communities need to thrive but the US senators from Oregon and New Hampshire where there is no sales tax folks are worried about how businesses are faring in this post wayfair world. They've introduced legislation to prevent remote sellers from having to collect sales tax until twenty twenty one to give them more time to prepare in Oregon. Senator Jeff Merkley says the measure would exempt small businesses altogether. This bill will say that small businesses businesses across the nation those that have less than ten million dollars in sales do not have to collect sales taxes for the ten thousand taxing jurisdictions across across the country. He says big businesses can handle the complexities of sales tax compliance. They have the infrastructure to be able to do this and that's that's not such a burden to a small business. It's an enormous burden. There are signs. Some states may be sympathetic to that argument. A handful have already changed the thresholds olds. They use to determine which remote companies should collect sales tax recognizing too. Many small businesses were affected in Portland Oregon. I'm Kate Davidson for marketplace spoke.

Oregon Sales Tax Institute US wayfair Portland Supreme Court Kate Davidson Pfizer GlaxoSmithKline US Steel Company Brinkley Oregon Nancy Pelosi Senator Jeff Merkley Michigan Kendeda Fund
"oil companies" Discussed on Marketplace with Kai Ryssdal

Marketplace with Kai Ryssdal

05:39 min | 1 year ago

"oil companies" Discussed on Marketplace with Kai Ryssdal

"Big United Nations Climate Change Summit is going to be here this weekend. New York technically runs through Monday. The problem is of course that conferences and reports in summits are great but climate change. The actual thing is already here more extreme weather bigger wildfires fire higher sea levels as well adapting to all that is a huge global challenge technical one to now. Who Do we know who's always ready to take on big challenges. how about Silicon Valley which as it happens is dealing with global warming right in its own backyard molly would the host of marketplace tech went to find out what big tech back doing about it. Silicon Valley is not just a metaphor for the tech industry. It's unreal place cities and businesses and people surrounded by a rising sea and at risk from increasingly extreme weather and I wanted to know what the industry is doing to adapt and maybe help the rest of us too so we started here. This is a bicycle path along the Stevens Creek trail it runs through mountain view. California where Google is located and it connects to a whole system of trail that covers much of silicon valley at rush hour on a weekday. It's teeming with telecommuters people walking running scooting and riding their bikes. She has foldable bikes ahead to add to purple lights up. Yes yes mostly purple that is pat showalter and DEB Henningsson. We we asked them to meet us here to basically show me how the tech industry the community and climate change come together every day showalter's the former mayor of mountain view and and civil engineer. This is a steelhead stream steelhead trout see your head trout update have been coming here for thousands of years meanwhile DEB Henningsson the one one with the purple bike and the purple hair for what it's worth. She has been biking to her job at Google on this trail every day for the past seventeen years alongside lots of other tech workers I into it employees. Microsoft employees and Google employees all use trail the Samsung campus. That's over here is right next to the trail yeah so they're thera bunch and you can see impacts of climate change all along this trail showalter showed me deep cliffs that drop into the Creek because the sides of the bank have collapsed from from cycles of drought and heavy rain and in the ravine R. Trunks of really big trees that fell over during landslides well when you have the more droughts you the trees are stressed. Arrest the banks dry in more fry -able. It's easier to a road them. The trees fall in Stevens Creek trail is really kind of a little like a little microcosm. Some of climate change and it's not just drought that will be a problem here. It's more heat waves. Wildfires storms and sea level rise the bay area. You know we have the central central feature being the San Francisco Bay. We have development that rings the Bay Mike Milky is with the Silicon Valley Leadership Group Trade Association that includes most big tech companies. We have nine counties one hundred one cities over seven million people. We have a lot at stake from sea level rise. The campuses of facebook Intel Intel Cisco Google are all basically at sea level scientists call this region a bathtub as the water level gets higher it spills over the sides into the communities around it back on the trail deb. Henningsson says she thinks tech companies know about the risks to their infrastructure and the community speaking for or herself and not Google. She says that as they tried to adapt to the climate change that's coming. These companies are also cleaning up the mess that Silicon Valley left behind from the nineteen sixties to the eighties when the valley was actually manufacturing computer tips and semiconductors using actual silicon and there is a lot of pollution leftover in fact Santa Clara County the heart of the valley has more superfund cleanup sites than any county in the US the companies that are here especially the companies that are large landowners. There's they recognize the mistakes of past technology companies and are dealing with it in a Lotta ways and I think the current generation of tech companies is all too aware aware of that history and wants to do better better kind of Tech Company. I asked Henningsson if maybe the biggest tech companies should get together with governments and launch launch something like a space program climate. I think that there are many employees inside companies that would like to to do more with their individual technology projects and apply them to climate change and I think you'll start to see more of that becoming republic but she says maybe one barrier is that climate change isn't just a concrete challenge that you can solve with the right code unlike the space program. There is no cardinal cardinal goal. There is no we're going to get to the moon in ten years and you know Tech Companies Love Goals and they love moon shots right. They love unachievable goals but it it usually is a concrete goal. You know that's the hard thing about climate change so far the big tech companies are mostly tackling climate change changed their nonprofit divisions and by making their own operations more sustainable but it's not part of the core business for most of them in Silicon Valley. I'm molly would good for marketplace. Paulie and marketplace tech have been doing a whole week of coverage about what Silicon Valley is and is not doing about climate. I am a change you can find it at marketplace dot. Org.

Silicon Valley DEB Henningsson Google pat showalter Stevens Creek Silicon Valley Leadership Grou New York San Francisco Bay California Bay Mike Milky Samsung Microsoft Paulie Santa Clara County facebook dot
"oil companies" Discussed on Marketplace with Kai Ryssdal

Marketplace with Kai Ryssdal

02:51 min | 1 year ago

"oil companies" Discussed on Marketplace with Kai Ryssdal

"Trade trade talks picked up today. US China trade talks to be clear. It's been a long eighteen months as you know of tariffs flying back and forth next round of which by the way is set for October Uber Fifteenth Fresh American taxes on another two hundred fifty billion dollars worth of stuff that we import from China. We talk a whole lot on this program about what the trade war is doing to consumers here because we are paying the trump tariffs Chinese consumers though what's up with them. Marketplace Jennifer pack is in Shanghai on the streets of Shanghai. Some consumers complained China's retaliatory tariffs on. US goods are hurting. Many of the levees target American food products things like Pecans from the state of Georgia tariffs on these have increased forty percent since last year. The Honda who's passing out flyers to a busy lunchtime crowd says he loves the Georgia Pecans but doesn't buy them as often since the price went up even so sometimes when I really want to have someone I can't control myself all all just might be he's more worried about the cost of basic foods and that's affected by factors other than tariffs fruit and pork prices for example have seen double digit increases because of bad weather and African swine fever. I hesitate a lot when I buy things now and most Chinese consumers don't feel the effects of tariffs terraced on things like American Beef Cherries and whiskey because they are premium products the few who can afford them like ecommerce workers soon trend are less cost cost-conscious. He says he's just had a wage increase and besides if the tariffs push prices too high there are other options. Do you'll make up if we don't want to buy from the US you can import from Australia. There's not much difference really others like John J. O. In advertising says he wouldn't mind switching to Chinese brands so so so when I was young I thought imported goods. Were better now. I believe our Chinese products are good and the tariffs aren't just affecting products. The current trade tensions sometimes make things harder for anyone working on. US China Projects Elaine who studied at Ucla then return to China to work in film film. There are a lot less film on the you can do a lot of coal productions if you use a American crew. Sometimes I have problem. The trade. Tensions are assessor topic here so it's sometimes hard to know what people really feel about the tariffs challenge this retired government worker worries about official retaliation and would only give her surname. Chen when we asked what brands she buys. This was her response while missio thing. Would we buy Chinese my niece products. We're Chinese remember that although when it comes to her cell phone so he's a phone in Shanghai I'm Jennifer for pack for marketplace..

US China Shanghai Jennifer pack Chen Honda Georgia Ucla John J. O. Australia official Elaine two hundred fifty billion doll eighteen months forty percent
"oil companies" Discussed on WSJ What's News

WSJ What's News

02:20 min | 2 years ago

"oil companies" Discussed on WSJ What's News

"Have maybe more limited investments in specific renewable technology. But they are speaking a lot about investing in you know, kind of next generation possibilities. But I do think the investment levels are are smaller compared to what the Europeans are doing. It seems that is starting to gain traction in the United States. Can you tell us a little bit more about how pressure has been different overseas? As compared to in the United States. I think that a lot of European investors. This is certainly maybe the number one issue or among the most significant issues. And so it is true that some investors are saying, hey, there's risk that is related to climate. And if you're not kind of part of the transition that we're not we're not sure that, you know, whether you're investment is too risky. One example, I could give you an last week, Norway sovereign wealth fund. This is a one trillion dollar investment fine has huge investments in oil and gas. They said, hey, these US upstream companies predominantly the companies that are. Testing in shale. They are just overall to linked to the oil price. There's just too much risk there in our portfolio. And then they also said on the other hand, we're not completely divesting. So they're still invested in major oil companies. But they're saying that they want to emphasize that in the future. They're only going to best in those that are making significant that's on renewable energy and new technology. So that's one example. And I think they're seeing a lot of pressure in that regard from a lot of European investors. But also really from US investors to I think he has investors want to say, hey, what's your strategy? And the thing for a lot of these investors that we speak with. It's really important is is the future of oil demand growth secure. Right. So even if you're maybe not hugely worried about the fate of a really large. Well, capitalized company when it comes to climate change. You might actually be worried about legitimately worried about the future of oil demand growth. How long will it be that way? How fast will it continue to grow? Oh, and one of the threats to that. And so I think those are the sets of questions that they're of dealing with and and trying to make sure that they really people know that they care about and intend to be very responsive towards that's Wall Street Journal reporter Bradley also joining us via Skype from Houston. Thank you so much, Bradley. Thanks so much for having me. And that's what's news. I'm Ameri for totally in New York for the Wall Street Journal..

United States Wall Street Journal Bradley New York Norway reporter Houston one trillion dollar
"oil companies" Discussed on WSJ What's News

WSJ What's News

03:26 min | 2 years ago

"oil companies" Discussed on WSJ What's News

"Big oil companies are boosting production in the Permian basin. Both Chevron and Exxon Mobil have big plans in the coming years. Joining me now in our studio to talk more about the growth. There is Wall Street Journal reporter Bradley Olsen, Bradley, the Permian basin in Texas and New Mexico has led to an oil boom in those areas mostly driven by growth in hydraulic fracturing in the region. Tell us a little bit more about the growth there in recent years. Will the growth in the Permian basin has been tremendous. I mean, I think it's approaching almost four million barrels a day, which if you were to rank that area along with OPEC nations, it would exceed or be close to being able to exceeding Iran and Iraq. So I think a lot of people because it sort of west, Texas and New Mexico somewhat rural just something that people may not pay that much attention to the growth. There has really been surprising and tremendous ample, Chevron Exxon Mobil have recently details plans to expand in the area. What can you tell us about what they are planning? So Chevron is about double its production in the next five years and Exxon. I think is probably going to do the same the guidelines. They've given I guess by about twenty twenty-five each company will be producing a million barrels of oil and gas day and to give you some context on that, you know, right now each company, you know, that that would make up about a third of chevrons total production. If that were true right now an excellent that'd be about a fourth of their total production. So it's a major. Shift to the United States and to sort of North America that's going on with some of these big companies, and it's also somewhat unprecedented. One field for one company to have a million barrels a day. It's totally unusual, and it sort of reflects this push that a lot of the bigger companies are finding that they can get, you know, good profits. Good returns from the Permian basin, or they hope they can I guess you could say, and it's an opportunity where they have a lot of land. And and they feel like this is one of the most stable areas where they can operate, and we know that big oil companies did very well in twenty eighteen but what does their expansion, particularly in the Permian basin mean for those smaller companies in the region will in many cases, there there could be a squeeze, you know, if you have these big companies that are growing at a huge rate. They're going to be able to lock up pipeline space labor contracts, all kinds of things will be easier for them because of how big they are. And also because of the way that these big oil companies kind of go about their business, you know, Chevron the Chevron CEO. Oh, told us in an interview that they have, you know, they've reviewed twenty-five thousand wells, and they created this sort of massive development plan, which, you know, the includes kind of the optimal spacing how far well should be spaced apart all these kind of things, and so they're going about this in a very meticulous kind of programmatic way that is is designed to make money and a lot of the smaller companies, I think will face cost pressure because of that. And then a lot of them to have found it to be difficult. They've tried to undergo a shift focusing more on on returns making money and kind of having fracking be about profit before. Now, it's really been a lot about growth. How much can I grow production every year? But investors are saying, hey, it's it's time for this to make money. We're you know, we're twenty years in we've been waiting a long time you need to make money now. And so as they've kind of gone through that shift a lot of them have not performed as well, as I think many people would have expected based on the way they said expectations overall. What do these projections that Chevron and Exxon Mobil are making? For the coming years..

Chevron Permian basin Chevron Exxon Mobil Exxon Mobil Exxon Texas Wall Street Journal New Mexico Bradley Olsen OPEC reporter North America United States Iran Iraq CEO million barrels four million barrels
"oil companies" Discussed on KVNT Valley News Talk

KVNT Valley News Talk

02:16 min | 3 years ago

"oil companies" Discussed on KVNT Valley News Talk

"On it that they will not pass and under the consumer that they were aided remember that's what on the minimum wage you would have democrats say no if you increase the minimum wage are not going to pass it on to the consumer they're going to eat it well somebody's going to be eating it and in california and it probably is is not going to be the oil companies or the retailers no i mean you have to pay the taxes they're going to have that that's that's just the way in and just the way go in and out you don't i'm expecting now 'cause collusion is the new word and i've got ta you know this there's you know there's going to be a look across the board all the gas boot all gas prices went up roughly twelve cents to fifteen cents a gallon on right after they raise the taxes that's collusion arab f or will have the the the california lawmakers during the same thing they did with a soda tax was at philadelphia were they did it were they were they walked in and said what wait a minute they're passing the soda tax you on we we just has yes so now they're this will be wait for there will be at least one lawmaker along the way in california that will say well they're passing it along to assume are i believe was the mayor of saikh outrageous they should be eighty s share they passed an increase in costs under the consumer i remember the retailers were posting signs this is why it's so expensive this is holding in iraq and they were furious and river they various theories of how dare you pass that on that was like the uh the uh the remember okay so you have the credit card holders bill of rights remember that whole thing you're too stupid to read your statement so we're gonna make it in larger letters there's an and then there was which by the way killed credit lines for uh middle class and lower middle class families all of that a it was it was horrific to watch a lot of this stuff happen when you were seeing the stories of what was going on the thanks or any industry in all the soda industry the the gasoline retailers in california at a pass that on to.

california oil companies gas prices philadelphia saikh iraq
"oil companies" Discussed on WORT 89.9 FM

WORT 89.9 FM

01:53 min | 4 years ago

"oil companies" Discussed on WORT 89.9 FM

"The local level and on more on the social level between these communities that may be preservation communities and nonnative commute although i am in native studies i don't really studied native people i studied more that relationship between the way border towns and and the reservations and you know building that bridge sometimes it some you know people like nurses or school teachers that have had a prior relationship sometimes it's done through food were up in the parochial area there was a big emphasis on pot luxe and fish fries and building those um uh building those relationships one person at a time and that's incredibly important work it's usually not so much done by the uh by the male leaders that are in the spotlight but by the women leaders who are behind the scenes and building those relationships in a very strong way and so when the alliance emerges it's already has some um some character to it and that it's not just focused on the environmental threatened that's another thing i found remarkable is how some of the nonnative people through these alliances learned about for instance the importance of defending sacred sites that might be on their property uh that they're trying to defend from eminent or main but that their families seized from native families i'm not that long ago um in in the 1870s or 1880s and have an understanding of how that land was acquired to have an understanding of the sacredness of that land to enable the tribes have access to it and protection of it and to understand how were kind of all together and one ecosystem are one watershed instead of uh just that we have a common enemy in the oil companies or whatever institution is threatening um that it's also builds the slow coal watershed baid store.

oil companies