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Common Sense, Current Affairs, Liberal Logic, Man-made Climate Change Isn't Real, Video 04.06.2021 No Comments
David Ramsden-Wood, Hitachi Vantara O&G Business Development; #hottakeoftheday, Author, Observer of intellectual inconsistency and caller of BS as required
It’s… about …. time.
For far too long, the oil and gas industry has gone along to get along. The substantial platforms of our majors and their marketing budgets and trade associations have placated, instead of attacked, and been quiet, passive, and accepting. If we learned anything as a society in 2020, it’s that the media is propaganda tool for those pushing an agenda. Narrative is controlled and bought. Full stop.Before we get to the #hottakeoftheday “Hero of the Year” award (hint, it’s Chris Wright of Liberty Oilfield Services), let’s look at Engine No. 1’s proxy battle with Exxon. Here is a hedge fund that owned 0.02% of ExxonMobil’s stock, or roughly 8.5 mm shares and bought at roughly $40/share (~$340 mm). Their proxy battle cost $30 mm which represents ~9% cost on the total position.
Do we REALLY think that Engine No. 1 paid for that? They have 3 new directors, with a press machine and a “hedge fund” behind them that is happy to spend money to influence the energy transition narrative and investment outcomes.
Which brings us to Chris Wright and the battle the industry has had with The North Face, a VF Company. A CEO is in a unique position to use their platform to counteract one narrative with another.
Me? I love energy. Our life is enabled by energy. And the virtue signaling of those that don’t want to acknowledge the role oil and gas plays in our economy is getting really old. So… Chris. Thank you.
The video is below, and I encourage you to watch it and share it. He says it better than I ever could.
It’s…. about…. time.
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Common Sense, Current Affairs, Liberal Logic, Man-made Climate Change Isn't Real 24.04.2020 No Comments
The Exxonmobil Port Allen Lubricants Plant in Port Allen, Louisiana.
PHOTO: LEE CELANO/REUTERS
Anti-carbon activists don’t sleep even during a pandemic, and earlier this week New York City Council members introduced a resolution to divest from banks invested in fossil fuels. Perhaps they don’t know that hand sanitizer and personal protective equipment come from hydrocarbons synthesized by their arch-villain Exxon Mobil.
Exxon’s predecessor Standard Oil invented isopropyl alcohol (IPA), the key ingredient in disinfectants and hand sanitizer, in 1920. Its Baton Rouge chemical plant is now the world’s largest producer of IPA. While refineries have been throttled back, Exxon has ramped up IPA production by 3,000 tons per month, which is enough to produce 50 million four-ounce bottles of sanitizer.
The oil giant recently noted in a press release that the state of New York has turned to the Baton Rouge plant for critical supplies. Gov. Andrew Cuomo should be grateful Exxon isn’t holding a grudge after the state’s four-year inquisition for allegedly deceiving itself about its climate impact, which finally ended last December when a state judge tossed the state lawsuit as entirely without merit.
Exxon is also increasing production of a specialized polypropylene that is used in medical masks and gowns by about 1,000 tons per month, which is enough to manufacture up to 200 million medical masks or 20 million gowns. At the same time, it is applying its expertise in material science to develop new face shields that utilize a filtration fabric.
To continue reading this story, click (HERE) to go to the Wall Street Journal
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Barrasso: Pelosi, ‘Environmental Extremists’ Delay Relief for Americans to Pursue ‘Liberal Wishlist’
Common Sense, Current Affairs, Liberal Logic, Man-made Climate Change Isn't Real, Obamacare, Taxes, Video 24.03.2020 No CommentsIf you watch one thing on Dems blocking coronavirus relief, make it this.The American people are losing their jobs left and right and Democrat Speaker of the House Pelosi is holding them hostage with partisan demands.This speech from Wyoming Senator John Barrasso is worth every minute of your time.Tax breaks for solar panels? For wind turbines? Democrats are holding up a rescue mission for the American people over airline emissions?! These are worthy topics for discussion, but NOT ON THIS BILL. The American public needs IMMEDIATE relief! -
2nd Amendment, Common Sense, Current Affairs, Liberal Logic, Man-made Climate Change Isn't Real, Obamacare, Taxes 15.03.2020 No CommentsNifty lil chart for tonight’s #DemDebate courtesy of@SteveGuestJoe Biden & Bernie Sanders are 2 sides of the same radical coin
