Monday, March 13, 2023

Oil companies record profits do not dictate offering them ANY deals on drilling except shutting down!

March 13, 2023

Berlin - The head of the United Nations (click here) called Monday for scientists to serve up “cold, hard facts” to push governments into making policies that curb climate change before a key global warming threshold is passed.

His comments came as experts and officials from around the world gathered for a week-long meeting in the Swiss Alpine town of Interlaken to finalize the last of seven reports issued by the global body’s panel of top scientists since the Paris climate accord was forged in 2015.

In a video address to delegates, U.N. Secretary-General Antonio Guterres said that the latest report by the Intergovernmental Panel on Climate Change “could not come at a more pivotal time.”

“Our world is at a crossroads — and our planet is in the crosshairs,” he said. “We are nearing the point of no return; of overshooting the internationally agreed limit of 1.5 degrees Celsius (2.7 Fahrenheit) of global warming.”...

What about this doesn't the Biden White House understand? Voters, as well as the media, need to understand this is not a bargaining issue. There is NO LEEWAY OR WIGGLE ROOM, for anything except eliminating carbon based energy from the world order!

The petroleum industry has received record profits because the average American was exploited as Congress sees no need for regulation at all. The people of the USA are paying the price for petroleum profits with their Greenbacks, their property and their lives and this is the answer from the White House? "But, it was a really good deal."

There is no DEAL that is a good deal unless it eliminates carbon from any form of energy source.

With the profits petroleum has made on the backs of Americans, there is no need for any type of rescue plan as they are no longer needed. The American people already paid them their future earnings!

February 2, 2023

Houston - ConocoPhillips (NYSE: COP) today reported fourth-quarter 2022 earnings of $3.2 billion, (click here) or $2.61 per share, compared with fourth-quarter 2021 earnings of $2.6 billion, or $1.98 per share. Excluding special items, fourth-quarter 2022 adjusted earnings were $3.4 billion, or $2.71 per share, compared with fourth-quarter 2021 adjusted earnings of $3.0 billion, or $2.27 per share. Special items for the current quarter were primarily driven by impairment of certain aged, suspended wells and corporate expenses.

Full-year 2022 earnings were $18.7 billion, or $14.57 per share, compared with full-year 2021 earnings of $8.1 billion, or $6.07 per share. Excluding special items, full-year 2022 adjusted earnings were $17.3 billion, or $13.52 per share, compared with full-year 2021 earnings of $8.0 billion, or $6.01 per share....