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Oil Without Apologies
Keywords:
Chevron CEO John Watson says the U.S. needs more affordable energy, and this means it needs to find more fossil fuels. It needs more oil gas and coal. He says the U.S. should take advantage of its own fossil fuel resources. People want strong environmental standards, but as Watson puts it, their top most priority is affordable energy which creates economic growth and jobs. He criticizes the Obama administration for not pushing ahead with developing of U.S. offshore oil, because BP's problems were not systemic and industry wide. He calls for dramatically increasing U.S. oil production, and doing this immediately. Worldwide Chevron plans to invest $26 billion for its exploration budget, and plans to drill in Australia, Western Africa, Gulf of Thailand and other locations. Watson points out that the dynamics of oil production are affected by two factors, price and technology. With current prices at over $100 a barrel more oil is accessible. At these prices new technologies can make it possible to use existing older wells to increase production. He cites the example of Bakersfield, where steam flooding is helping get 70 to 80 barrels out of every 100 barrels in the ground, when in the past Chevron could only get 10-20 barrels of oil. Another technology he mentions is hydrofracking for producing large and cheap supplies of natural gas. Chevron acquired Atlas Energy for $3.2 billion in 2010 to enter this market. Watson's overall emphasis is on the U.S. going for affordable energy and affordable conservation that will create economic growth and a better future.
Chevron and Ecuador
03/08/2011
Grouped Articles
Chevron Is Granted Ecuador Injunction
Wall Street Journal 03/08/2011
Wall Street Journal 04/16/2011
It Doesn’t Matter if Ecuador Can Afford This Dam. China Still Gets Paid.
New York Times 12/24/2018
U.S. Energy policy- 2010-2012
04/16/2011
Grouped Articles
Wall Street Journal 04/16/2011
Wall Street Journal 12/12/2011
Wall Street Journal 11/13/2012
Report of the Commission on the BP Deepwater Horizon rig Gulf oil spill
06/05/2010
Grouped Articles
In Gulf, It Was Unclear Who Was in Charge of Rig
New York Times 06/05/2010
Recipes for Ruin, in the Gulf or on Wall Street
New York Times 06/11/2010
Chinese Walls, Pocked With Peepholes
New York Times 06/11/2010
Oil Executives Try to Explain Differences From BP
New York Times 06/15/2010
At BP, a History of Boldness and Costly Blunders
New York Times 07/12/2010
Oil Rigs’ Biggest Risk: Human Error
Wall Street Journal 04/20/2015
Obama administration offshore drilling policy in the wake of the Deepwater Gulf Oil Spill
05/27/2010
Grouped Articles
Obama and the Dreaded Katrina Comparison
BusinessWeek 05/27/2010
Offshore drilling policy reversed
Washington Post 12/02/2010
Offshore Drilling Curbed Again
Wall Street Journal 12/02/2010
Path Clears for Deep-Water Drilling
Wall Street Journal 01/04/2011
Drilling Is Stalled Even After Ban Is Lifted
Wall Street Journal 01/03/2011
Wall Street Journal 04/16/2011
The US oil-drilling industry
02/10/2011
Grouped Articles
Wall Street Journal 02/10/2011
Wall Street Journal 04/16/2011
Exxon and Shell Report Strong 2nd-Quarter Profits
New York Times 07/28/2011
Oil Drillers to Feel Pinch From Crude Fall
Wall Street Journal 08/10/2011
Oil prices in 2011
02/04/2006
Grouped Articles
Pump Prices Likely to Stay Above $3
Wall Street Journal 01/06/2011
IEA: Oil Output Needs to Increase
Wall Street Journal 01/19/2011
Optimism Dents Oil Bulls' Hopes
Wall Street Journal 01/25/2011
Tom Keene's Econo Chat: A Sell-Off Ahead for Oil?
BusinessWeek 01/27/2011
Oil's Rise Threatens Economic Growth
Wall Street Journal 03/01/2011
Wall Street Journal 02/28/2011
Shell CEO Jack Voser provides a useful perspective on the global oil outlook looking forward- 2013 -2030
04/16/2011
Shell CEO Voser sees continuing dependence on fossil fuels and a greater role for renewable energy. He sees a increasingly prominent role for natural gas.
Grouped Articles
Wall Street Journal 05/02/2013
China, India to Drive World's Growing Energy Use
Wall Street Journal 07/26/2013
Shell CEO Scripts a Leading Role for Gas
Wall Street Journal 01/16/2013
Wall Street Journal 01/16/2013
Wall Street Journal 04/16/2011
Smog Clears on China Energy Reform
Wall Street Journal 03/08/2013
Chevron CEO John Watson on the continuing need for fossil fuels
04/16/2011
Grouped Articles
China, India to Drive World's Growing Energy Use
Wall Street Journal 07/26/2013
Wall Street Journal 04/16/2011
Spill's Toll on Oil Output Grows Clearer
Wall Street Journal 04/20/2011
The proposed U.S.-Canada partnership for the Keystone XL Pipeline project
01/07/2009
This would bring an additional 1.1 million barrels of Canadian oil to the U.S. from Alberta oil sands. The project is being held up by the Obama administration. The Energy Department gave its approval in February 2011, but it is being held up for further environmental studies. Advances in environmental protection for oil sands development have reduced the footprint of the processes used in production of oil. This would reduce imports from the Middle East and have a favorable impact on oil prices.
Grouped Articles
Trade and Oil on Agenda as Obama Visits Canada
New York Times 02/20/2009
Wall Street Journal 07/28/2013
Canada Looks to Sell Its Oil Beyond U.S.
Wall Street Journal 08/23/2013
Keystone XL Review Sees Little Impact on Climate
Wall Street Journal 02/02/2014
Even Without Keystone Pipeline, Oil Has Flowed
Wall Street Journal 02/02/2014
House Passes Bill to Approve Keystone XL Pipeline
Wall Street Journal 11/14/2014
Ban on deepwater drilling in the U.S. in 2010.
05/27/2010
After the BP oil spill Obama administration continues ban till No 30, 2010.
Grouped Articles
Obama and the Dreaded Katrina Comparison
BusinessWeek 05/27/2010
Wall Street Journal 07/12/2010
Path Clears for Deep-Water Drilling
Wall Street Journal 01/04/2011
Wall Street Journal 04/16/2011
Bob Dudley: Three Years After the Spill, BP Gets Bullish
Wall Street Journal 03/15/2013
WSJ examination in 2010 of two decades of US oil exploration.
07/05/2006
Research by WSJ following the BP oil drilling disaster.
Grouped Articles
An Oil-Thirsty America Barreled Into 'Dead Sea'
Wall Street Journal 10/09/2010
Wall Street Journal 02/10/2011
Wall Street Journal 04/16/2011
Exxon Find Rekindles Domestic Oil Hunt
Wall Street Journal 06/09/2011
Oil Rigs Stage Exodus From Gulf of Mexico
Wall Street Journal 07/05/2006
Oil Drillers to Feel Pinch From Crude Fall
Wall Street Journal 08/10/2011
2011-2012 oil price increases and production increases by the Saudis, Iraq and Libya to increase the effectiveness of sanctions on Iranian oil
04/26/2006
Grouped Articles
Saudi, U.S., Iraq Step in to Plug Libya Oil Gap
Wall Street Journal 09/11/2013
In Libya, Unrest Brings Oil Industry to Standstill
New York Times 09/12/2013
Exxon Mobil Signs Iraq Deal With PetroChina, Pertamina
Wall Street Journal 11/28/2013
Host of Conflicting Forces Has Saudis on a Tightrope
Wall Street Journal 04/10/2007
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
As Oil Prices Plummet, Saudi Arabia Faces a Test of Strategy
New York Times 10/15/2014
The U.S. oil industry- higher industy profits and aggressive oil exploration efforts 2010-2014
07/05/2006
Grouped Articles
Senators Pass Mexico Oil Plan as Snag Arises
Wall Street Journal 12/12/2013
Global Oil Glut Sends Prices Plunging
Wall Street Journal 10/15/2014
Exxon and Shell Report Strong 2nd-Quarter Profits
New York Times 07/28/2011
Oil Rigs Stage Exodus From Gulf of Mexico
Wall Street Journal 07/05/2006
Oil Majors Rediscover Their Exploring Mojo
Wall Street Journal 11/10/2011
Oil Firms Face Services Hurdle
Wall Street Journal 12/23/2011
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