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THE Chevron Thread (merged)

Discussions related to the global politics of energy use and acquisition.

Unread postby DriveElectric » Wed 13 Jul 2005, 13:12:58

There is nothing particularly surprising about an oil company discussing Peak Oil.

What's hidden agenda here? Does anyone have a clue? I don't trust this.


Lorenzo, your statement seems to be based on the underlying assumption that Chevron is evil and must have an ulterior motive. Did you ever consider the concept that perhaps there are people working at Chevron who are also concerned about the future?

Actually, oil companies stand to make an absolutely fortune with $100 oil. Most of their oil projects are based on being profitable with oil at $15. So anything higher than that is a bonus. Even if production drops 5%, a doubling of the price of oil to $100 makes an oil company just filthy rich.
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Unread postby tdrive » Wed 13 Jul 2005, 15:44:11

...a doubling of the price of oil to $100 makes an oil company just filthy rich.


... you mean the shareholders. The company is just a piece of paper.
There is a big difference.

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Unread postby lotrfan55345 » Wed 13 Jul 2005, 15:51:51

DriveElectric wrote: Did you ever consider the concept that perhaps there are people working at Chevron who are also concerned about the future?


Nah... thats impossible.
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Unread postby I_Like_Plants » Wed 13 Jul 2005, 17:35:41

You could be cynical and say that if the general populace knows how oil's getting harder to get, they won't object so much to paying more for it.

I think this is why chevron is doing this, they can charge more with less complaints if people see what's going on. It has the benefit of getting the message out to more people, which is good, and Chevron's campaign may even help keep prices down, through demand destruction.
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Unread postby thequietkid10 » Wed 13 Jul 2005, 22:37:26

While I am all for Peak Oil awarness....

I think there is another motive behind this.

Think about it. Two gas stations, Chevron and Exxon, same cost, maybe Chevron is even more expensive by a few cents, but one has a site about Peak Oil the other is criticized for having absoultely no money invested in alternatives, and is consitered the epidimy of "Big Oil."

Where do you want to by your gas?
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Unread postby I_Like_Plants » Thu 14 Jul 2005, 04:13:39

I don't "by" my gas at either one, I don't have a car.

If I rent a car, I "by" my gas whereever is handy.
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Unread postby Waterthrush » Thu 14 Jul 2005, 06:28:09

Nonetheless it constitutes a warning shot. I kept my copy of the ad - must have cost them hugely to put a two page full color advertisement in Section A of the NY Times and many other papers.

The urgency is racheting up. Gasoline is the lead story again on MSNBC. Agencies keep reissuing forecasts. Now, gasoline "may" stay at a high price into autumn.

Since I believe that we are at peak, it is very interesting from a historical point of view to watch this very slow train wreck. I hope everyone is trying to record his/her impressions and experiences as this proceeds.

And to try for analysis too. The Saudi whipsawing of production announcements - they will increase, they won't increase, they will increase, maybe they won't increase - it's been interesting to read the analysis here.

I've talked a lot about it at work, and it still seems that it isn't getting through to people. They are all too "busy" to think about it.
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Unread postby pstarr » Thu 14 Jul 2005, 13:46:39

I_Like_Plants wrote:I don't "by" my gas at either one, I don't have a car.

If I rent a car, I "by" my gas whereever is handy.


don't be so haughty. you owned a SUV until last week.
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Unread postby ShawnAvery » Fri 15 Jul 2005, 09:11:18

ive taken this whole chevron thing as the first of the many corporate lifeboats that are jumping off the titanic. the ideas of mindless consumption, fraudulent accounting practice, and lobbying the federal government to get taxes to subsidize companies that cant turn over a profit have made our country weak. other countries with economies that arent based on fraud will have a very large advantage in the coming resource wars. we in the united states compete with eachother because of capitalism. other countries are more nationalistic, they look out for eachother. here in the u.s. its not about looking out for your neighbor or even nationalism. its about corporate power and i think that will be our undoing.

if anything in the world will make these corrupt corporate bastards think twice is a little bit of reality that starts to unwind their vast web of lies.

you cant throw millions of dollars at the truth expecting it to change its mind. the truth is the truth.

corporate power has basically become everything in the united states. the truth is that we as a people have only been in support of corporate power because it has brought us material wealth and prosperity, even if we've lost a lot of other rights because of that.

the corporations will lose the ability to bring prosperity as peak becomes evident. i smell a massive backlash on the horizon against the mainstream in politics and media because of rising gasoline prices.

i think chevron is being very smart in this marketing campaign. the problem has gotten too big to hide, everyone can see the giant pink elephant in the room right now. it's idiocy to deny it, and in being the first to recognize the elephant basically guarantees that chevron will be the last neck on the chopping block when the oil companies are made to be held accountable for fraudulent reserve estimates and future growth projections.

i dont think that shell will be the only american company that will have to revise its reserve estimates downwards.

on a lighter note, wouldnt it be funny if unocal was actually sold to china, and the chinese after acquiring their newfound prize found that 90% of unocal's reserve estimates were fictional?

that would make my day. :-)
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Chevron on Peak Oil

Unread postby bobbyald » Mon 18 Jul 2005, 09:08:20

Chevron have today placed a large double page open letter in the FT (The leading UK financial paper). Basically it says that we have an energy problem and we need to start talking now!

They also give the following link: http://www.willyoujoinus.com
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Unread postby Kickinthegob » Mon 18 Jul 2005, 23:02:44

I liked this quote from the advertising section.

It took us 125 years to use the first trillion barrels of oil We'll use the next trillion in 30.

So why should you care?


They may be right about the next trillion barrels being used over the next 30 years, maybe not. That would just be if everything goes according to the Chevron plan.

Many of the posts in the discussion section are promoting 3 things, conservation, alternative energy sources and govt/big business solutions.

My eyes glaze over with talk of these solutions from the uninformed. Conservation may result in Jevons paradox, alternative energy sources on a scale to replace oil look unlikely and govt/big business solutions could be scary.

If you want to be one of the 10 richest people on the planet get into the oil and gas business or into the technology industry.

Wanna meet the 10 richest people in the world?

Transparency is what we need from govt/big business. Conservation is fine on a personal level but forget about it making one bit of difference in the grand scheme of things. In the end I suppose it was a big leap for the company to admit we have a problem but then I wonder what their motive really is because let's face it, Chevron is here to make a profit, anything else is secondary.
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Did you see the new (PO)"billion barrel"Chevron ad

Unread postby Bas » Tue 26 Jul 2005, 16:03:23

just saw it on CNN international, found it on Chevron's site too, you can download it there (under the name; "timeline"):

http://www.chevron.com/about/advertising/#tv

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Last edited by Bas on Tue 26 Jul 2005, 16:22:12, edited 1 time in total.
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Unread postby Bas » Tue 26 Jul 2005, 16:05:18

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Unread postby bobbyald » Tue 26 Jul 2005, 16:15:38

In the UK they are running large double page ads in the FT (The major financial paper) saying the same thing. They know the situation is serious and obviously want to say that they have been warning the world when the crisis arrives.


Pity it's not entirely accurate:

"By 2030 the number of cars in the world increase by 50%"

No they wont. By 2030 we will be in deep, deep trouble and the number of cars will be down significantly.
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Unread postby Bas » Tue 26 Jul 2005, 17:59:09

possibly bobby, yeah they are doing the veiled warning thing...

related to this is Shell coming clean with it's false reserve estimates, the other companies still have to do that...
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Unread postby IanC » Tue 26 Jul 2005, 20:57:41

I've been trying to figure-out why the oil giants are running these ads. Is it merely so they can claim that they tried to break PO to us gently? Is it to "green-wash" their image? Is it to help the curry favor with legislators who can give them bigger tax breaks? Is it to help position themselves to be at the forefront of the mad dash to develop "alternatives" in the near future?

Who knows. I think it's a good idea to follow the money. Money is why these companies are in business and their sole purpose is to make more money. I think they are trying to prepare us for exorbitantly priced oil and gas. We'll look at them more sympathetically as we line their pockets with money, trying to hold onto our current way of life.

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Unread postby Free » Tue 26 Jul 2005, 21:17:07

Wow you definitely know there is something wrong when the fat cats warn the mice not to eat too much cheese...
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Unread postby Eli » Tue 26 Jul 2005, 21:47:15

Ian I think you are absolutely right.

I agree they are just trying to explain why oil is at 100 dollars a barrel and why they are making a gazzilion dollars before the fact. This seems to me to be the best explanation. They are going to make a truly obscene amount of money at the same time the majority of the people are hurting like they never have before. People will want there heads on a platter when oil hits 100.

We live in very interesting times oil could spike to 80 tomorrow. A couple of well placed bombs and people would be going nuts.

An article appeared in my local paper about this add campaign, it could have been written by a peak oiler.
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Unread postby ShawnAvery » Wed 27 Jul 2005, 00:29:59

i think chevron is trying to grow a conscience. perhaps they are smart enough to realize the true depth of the problem, and fully realize that a hard landing would not be in their best interests.

peak oil affects everyone, even the super rich. they are used to their pile of wealth growing, not shrinking.

its in everyone's best interest to try and find alternatives. we have to share the earth.
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Unread postby deconstructionist » Wed 27 Jul 2005, 06:35:02

of course Chevron did not go on to say:

"After blowing through 1,000,000,000,000 barrels of oil in 30 years there will be none left."
UNLESS
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