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exxonmobil

ExxonMobil Confronts the Carbon Bubble

April 28, 2014 by Geoffrey Styles
56

Last fall I wrote about the notion that future policies to address climate change expose investors in companies producing fossil fuels to a potential bubble in asset valuations. So I was particularly interested when Exxon issued a report last month responding to specific shareholder concerns along these lines.[read more]

How Do You Justify Consuming ExxonMobil's Oil?

April 17, 2014 by Robert Rapier
24

There is a risk of misinterpretation with this article, so I want to spell out my intent up front. This should not be read as a defense of ExxonMobil or their business practices, because that’s not what it is. It’s an attempt to get the reader to understand how they think, and why they do the things they do.[read more]

Energy Quote of the Day: Exxon's Climate Response 'Consummate Arrogance'

April 5, 2014 by Jared Anderson
3

Exxon and Climate

We reported earlier this week about ExxonMobil’s response to shareholder requests for information about the company’s climate change mitigation efforts. And climate activist Bill McKibben leveled both barrels at the oil major in a piece that denounces the Exxon reports as arrogant provocations.[read more]

Conservative Confidential Memo: Wind Power the Next Target

May 14, 2012 by Nathanael Baker
1

Conservative America's fight against the advancement of a new energy economy continues to evolve.  The latest development is a concerted campaign to discredit the wind industry and shift public opinion against the technology.A confidential memo published by The Guardian highlights a proposal crafted by John Droz, a fellow at the...[read more]

Good for Exxon Does Not Mean Good for American People

June 28, 2011 by Rod Adams
8

The oil and gas industry public relations organizations are spinning up in response to the New York Times pieces on the long term viability of natural gas produced by hydraulic fracturing. (See Behind Veneer, Doubt on Future of Natural Gas and S.E.C. Shift Leads to Worries of Overestimation of Reserves) Several commentaries appeared...[read more]

Media Misinformation Promotes Dysfunctional Energy Policy

June 21, 2011 by Robert Rapier
2

 Over the years I have had some enlightening interactions with the news media. I have gradually developed the view that many in the media believe their role is more to entertain than to inform. My naive younger self believed that the media generally presents objective information, which is important to ensure that a well-informed...[read more]

Video: Alaska's Offshore Oil - Hope or Peril?

May 24, 2011 by Silvio Marcacci

The U.S. government is considering plans to increase oil and gas production off Alaska, and major companies are eying untapped resources in the Beaufort and Chukchi Seas. But these potential oil and gas fields are in pristine areas, called “the garden” by native Inupiat tribes, that have been hunted and fished for thousands of years. energyNOW! correspondent Dan Goldstein travels to Alaska’s North Slope to find out if offshore drilling can co-exist with an ancient way of life.[read more]

Getting Even With ExxonMobil

May 3, 2011 by Robert Rapier
1

It is no secret that consumers are suffering from very high gasoline prices. And as a result of these high prices, ExxonMobil just reported a first-quarter profit of $10.7 billion — 69 percent higher than a year ago.  The national level of disgust and anger is approaching record levels as we watch the loss of our hard-earned dollars...[read more]

The Oil Earnings Backlash

May 3, 2011 by Geoffrey Styles
7

Another oil industry earnings season bolstered by high oil prices has sparked the customary controversies about price gouging and industry subsidies. Last Thursday I participated in ExxonMobil's press call following the release of that company's first quarter earnings. In addition to the responses to my questions about access to non-US...[read more]

Energy Supply Worries Are Over! Natural Gas Resource Estimate Increased by 3%!

April 28, 2011 by Rod Adams

I am in a snarky mood this morning. Please forgive me while I try to explain the sources of my wry amusement – and my continuing worries that keep me from getting a good night’s sleep. Yesterday, I was in a conversation with a man who was explaining the recent changes in Nuclear Regulatory Commission written and unwritten rules regarding...[read more]

Debunking 5 Myths about Gas Prices

March 30, 2011 by Robert Rapier
1

Gasoline prices have been steadily climbing for several months, and Americans are feeling the pain at the pump. The possible culprits (from greedy oil execs to Mideast turmoil) are as plentiful as the proposed solutions (more offshore drilling, green energy or government reserves). But what is really driving prices up? And what, if anything, can be done about it? Let’s take a moment to fill up on information about our fuel.[read more]

Alaska Congressmen Propose to Axe Multi-Billion Dollar Natural Gas Pipeline

February 8, 2011 by Nathanael Baker

Alaska lawmakers have proposed legislation which would abandon the Alaskan natural gas pipeline project. Building a pipeline capable of transporting Alaska's immense natural gas reserves has been the topic of discussion since the 1970s.  However, it was not until 2008, when former Governor Sarah Palin signed into a law a bill...[read more]

ExxonMobil, One of the Biggest Owners of the Energy Supply Casino, Explains Its Big Bets on Natural Gas

October 31, 2010 by Rod Adams
1

I have a number of acquaintances who either work or have worked for ExxonMobil. Most of those ExxonMobil employees were people I met at the Naval Academy or at alumni functions. They are some of the brightest and numerically competent people I have ever met. Figures from 3rd Quarter 2010 Earnings ReportsWhen looking at objective...[read more]

ExxonMobil Says No to Subsidies

September 15, 2010 by Robert Rapier

Earlier this week I participated in a conference call with ExxonMobil that was hosted by the American Petroleum Institute (API). It is the first API blogger call I have joined in a very long time, but my schedule was open and I was interested in the subject matter. ExxonMobil would be talking about proposed tax policy changes and how...[read more]

It’s The Real Thing: The Power of Koch

September 8, 2010 by David Levy
4

We are at a critical juncture, as a backlash appears to be derailing action on climate change. If progressive groups want to address this threat, we need to understand the interests, strategies, and cultural politics at play. Brian Flannery, chief climate strategist for ExxonMobil, recently circulated his rather depressing report from...[read more]