Word: chevron
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...guess what Rainwater did a few weeks ago, right after oil prices topped $129 per bbl. for the first time? "I sold my Chevron," he says. "I sold my ConocoPhillips. I sold my Statoil. I sold my ENSCO. I sold my Pioneer Natural Resources. I sold everything...
...private pools. Indeed, there are signs of vitality in other sectors of the impoverished country's once moribund economy. Cambodia's GDP grew 10.4% in 2006 - the highest rate in Southeast Asia that year - and foreign investment shot up some 400% to nearly $4 billion. Thirteen foreign companies, including Chevron, have licenses to explore Cambodia's offshore blocks for oil and natural gas; the government says domestic oil production could begin within three years. The rush for Cambodia's gold coast is on, raising hopes that the economic torpor of this aid-supported nation will finally end. "This part...
...bulk of Canada's new energy will get pushed through an expanded pipeline network straight to waiting U.S. upgrading plants and refineries, a majority of which are located in such Midwestern states as Minnesota, North Dakota and Ohio. Shell, Chevron, British Petroleum and Total S.A. of France, along with about 20 smaller but no less ambitious players, are also transforming Alberta's boreal oil patch into the primary supplier of feedstock for an integrated North American energy market. "Canada is extremely important to U.S. energy security," says Rob Routs, executive director of oil sands at Netherlands-based Royal Dutch Shell...
...strong operational foundation," says Katinas, whose previous assignments have taken him to Saudi Arabia, Singapore and the U.K. In addition to Syncrude and Imperial, the biggest operators in the oil sands are Suncor Energy Inc., a Canadian-owned company, and Albian Sands Energy Inc., a joint venture of Shell, Chevron Corp. and Marathon Oil Corp. This tight clutch of companies accounts for 75% of all production in the oil sands...
...socialist President Evo Morales told the U.N. that "if we want to save our planet Earth, we have a duty to put an end to the capitalist system." And capitalists polished their image to a green sheen: Macy's unveiled a new solar-power system in San Jose, Calif.; Chevron ran ads extolling the power of "human energy" to save the world...