Oil and gas producers fire back at Democratic presidential candidates.

[Tom Kirkman + 8,860]

The Oil & Gas Industry responds to Democrat presidential candidate attacks with a full-page ad in New York Times.

Oil and gas producers fire back at Democratic presidential candidates

Candidates seeking the Democratic presidential nomination have been in attack mode on fossil fuel executives, with Bernie Sanders asserting they should be charged criminally, Joe Biden wanting to jail them and Elizabeth Warren accusing corporate leaders of corruption.

On Monday, an oil and gas trade association representing independent producers in Utah and elsewhere in the West took out a full page ad in the New York Times to respond as Super Tuesday nears.

“It would be criminal not to produce the reliable, affordable energy that keeps people warm in the winter, cool in the summer, and gets them to school to learn and work to provide for their families,” reads the open letter signed by 54 Western oil and gas executives. “Without our energy, the lights go dark, and smartphones go silent. Medicines and medical devices cease to cure the sick and injured. Food cannot be grown and grocery store shelves go bare.”  ...

 

... The full-page ad features a young boy studying by lantern light, one of the billion people worldwide the industry says lack access to affordable, reliable electricity.

“We’re proud to provide the power and raw materials to manufacture the goods Americans use every day, from clothes and shoes to anything with a computer chip,” the letter says. “Currently there are no alternatives that do everything that oil and natural gas do. We continue to innovate to produce more energy, reduce costs for consumers, and lessen environmental impact.”

The letter goes onto say that electricity from natural gas is the No. 1 reason the United States has been able to reduce its greenhouse gas emissions more than any other country in the world.

“We know that people don’t understand how oil and natural gas enables just about every product and service they use every day, but just because we’re taken for granted doesn’t mean we should be vilified,” Sgamma said. “If the political rhetoric we’re hearing this primary season actually became reality, the voters would abandon these politicians in droves.”

The letter concludes by saying the criminal prosecution of oil and gas executives and halted production would send more than 10 million jobs overseas and result in hundreds of billions dollars spent to import oil and gas from other countries.

“We don’t want to be partisan, but when they are attacking us we have to stand up for ourselves,” Sgamma said.

[Enthalpic + 1,496]

8 minutes ago, Tom Kirkman said:

 

... The full-page ad

At least they accept it's not news just an ad.

Those executives are literally paid agents of oil...

"the open letter signed by 54 Western oil and gas executives"

Edited February 25, 2020 by Enthalpic

[Old-Ruffneck + 1,246]

4 minutes ago, Enthalpic said:

Those executives are literally paid agents of oil...

And the problem is???

[Enthalpic + 1,496]

4 minutes ago, Old-Ruffneck said:

And the problem is???

No problem, but acknowledge the undersigned do not necessarily hold those values; paid agents.

Same exec hired to a peanut butter company would say peanuts are great even though he/she is personally allergic.

 

Edited February 25, 2020 by Enthalpic

[Old-Ruffneck + 1,246]

18 minutes ago, Enthalpic said:

No problem but the undersigned do not necessarily hold those values; paid agents.

Same exec hired to a peanut butter company would say peanuts are great even though he/she is personally allergic.

 

Right under the picture it says "We, the Undersigned Executives, Would be Criminal [Not Too] Produce Oil and Natural Gas. 

So the execs that put their name to that ad obviously feel strongly about producing oil and Ng. How do you determine they are "paid agents" of oil? I believe if they put their name to the ad and paid for it to me means the folks have an issue with Commie Bernie and Senile Joe, and Can't figure out who she is Liz Warren. This is America and everyone is entitled to their opinion.

Edited February 26, 2020 by Old-Ruffneck
error

[0R0 + 6,251]

The oil execs are pointing out that their companies are providing the stuff of life to the people. Thus the Democratic candidates and the Party at large are intending to starve and freeze the people and shut them from the world stranded at their cold homes in the dark. Bringing famine poverty and pestilence to the people they claim to represent.

[Enthalpic + 1,496]

56 minutes ago, Old-Ruffneck said:

 

So the execs that put their name to that ad obviously feel strongly about producing oil and Ng. How do you determine they are "paid agents" of oil?

They obviously get paychecks.

How long would they collect those same checks if they publicly spoke out against oil and gas development?

They are contractually obligated to support the company... #PaidAgent

Don't get me wrong most people are wage slaves and are forced to be loyal to their corporate masters. Those execs are already rich and just like power; they could leave with a fat severance package at anytime and never work again.

Edited February 26, 2020 by Enthalpic

[ronwagn + 6,290]

5 hours ago, Tom Kirkman said:

The Oil & Gas Industry responds to Democrat presidential candidate attacks with a full-page ad in New York Times.

Oil and gas producers fire back at Democratic presidential candidates

Candidates seeking the Democratic presidential nomination have been in attack mode on fossil fuel executives, with Bernie Sanders asserting they should be charged criminally, Joe Biden wanting to jail them and Elizabeth Warren accusing corporate leaders of corruption.

On Monday, an oil and gas trade association representing independent producers in Utah and elsewhere in the West took out a full page ad in the New York Times to respond as Super Tuesday nears.

“It would be criminal not to produce the reliable, affordable energy that keeps people warm in the winter, cool in the summer, and gets them to school to learn and work to provide for their families,” reads the open letter signed by 54 Western oil and gas executives. “Without our energy, the lights go dark, and smartphones go silent. Medicines and medical devices cease to cure the sick and injured. Food cannot be grown and grocery store shelves go bare.”  ...

 

... The full-page ad features a young boy studying by lantern light, one of the billion people worldwide the industry says lack access to affordable, reliable electricity.

“We’re proud to provide the power and raw materials to manufacture the goods Americans use every day, from clothes and shoes to anything with a computer chip,” the letter says. “Currently there are no alternatives that do everything that oil and natural gas do. We continue to innovate to produce more energy, reduce costs for consumers, and lessen environmental impact.”

The letter goes onto say that electricity from natural gas is the No. 1 reason the United States has been able to reduce its greenhouse gas emissions more than any other country in the world.

“We know that people don’t understand how oil and natural gas enables just about every product and service they use every day, but just because we’re taken for granted doesn’t mean we should be vilified,” Sgamma said. “If the political rhetoric we’re hearing this primary season actually became reality, the voters would abandon these politicians in droves.”

The letter concludes by saying the criminal prosecution of oil and gas executives and halted production would send more than 10 million jobs overseas and result in hundreds of billions dollars spent to import oil and gas from other countries.

“We don’t want to be partisan, but when they are attacking us we have to stand up for ourselves,” Sgamma said.

It is really too bad that the oil and gas industries just woke up to the fact that they need to play hardball. They have been playing along with the Global Warming bullshit and saying good things about renewables with almost all of their public relations for a decade or more. Finally, they are getting around to saying that Natural Gas is the Solution to Pollution! I hope it is not too late. They definitely need to go to their new plan of telling the truth. They also need to quit flaring and develop the market for natural gas in America as well as overseas. 

[Ward Smith + 6,615]

4 hours ago, Enthalpic said:

They obviously get paychecks.

How long would they collect those same checks if they publicly spoke out against oil and gas development?

They are contractually obligated to support the company... #PaidAgent

Don't get me wrong most people are wage slaves and are forced to be loyal to their corporate masters. Those execs are already rich and just like power; they could leave with a fat severance package at anytime and never work again.

You're delusional if you believe that last sentence. Take a good look at the companies who signed the ad. Those are relatively small independent operators. You don't have rose colored glasses, you've got mud covered glasses. 

[Douglas Buckland + 6,308]

2 hours ago, ronwagn said:

It is really too bad that the oil and gas industries just woke up to the fact that they need to play hardball. They have been playing along with the Global Warming bullshit and saying good things about renewables with almost all of their public relations for a decade or more. Finally, they are getting around to saying that Natural Gas is the Solution to Pollution! I hope it is not too late. They definitely need to go to their new plan of telling the truth. They also need to quit flaring and develop the market for natural gas in America as well as overseas. 

I was surprised that at least some people in the oil & gas industry were actually being proactive and defending what they do!

Historically, and I have never figured out why, the industry just remained silent while being bashed by any individual or organization with an axe to grind.

It is well past the time for the industry to go on the offensive and EDUCATE people as to what the oil and gas industry actually provides and the safety and environmental safeguards which THEY have put in place. To let biased or uneducated organizations control the narrative is, in a word, stupid!

[Zhong Lu + 845]

The irony is that if Sanders wins the election it might actually be good for commodity prices.  Less supply -> higher prices.

For example, if he declares a ban on fracking, oil prices jump 5 bucks overnight.  

There's also the minor point that at the rate commodities prices are going, there aren't going to be frackers anyways.  For the majors, a Sanders presidency might not be bad for them.  He'll guarantee high oil prices with his policy, and it's the majors that can take the best advantage of it.  The downside is that he might also pass a giant energy tax.  

From the majors' perspective, Sanders winning the presidency while Republicans control the Senate is probably the best option.  Sanders means higher oil prices, and their influence/money in the Senate can prevent any energy taxes.  Frackers go out of business and they scoop up everything.  

EDIT: If Sanders wins the election, it might be a good idea to scoop up XOM, especially if people dump it in response to the result.  Sanders might actually be good for the majors because of "higher oil prices."  Also given their deep pocketbooks, there's nothing stopping them from expanding into renewables, too. 

XOM's yields are now 6%, as the market is clearly expecting a dividend cut.  If oil jumps to 70 or 80 thx to Sanders, XOM is going to be seriously undervalued.  

Edited February 26, 2020 by Zhong Lu

[Enthalpic + 1,496]

6 hours ago, Ward Smith said:

You're delusional if you believe that last sentence. Take a good look at the companies who signed the ad. Those are relatively small independent operators. You don't have rose colored glasses, you've got mud covered glasses. 

Two of those undersigned work for Western Energy alliance who paid for the ad. Those "poor" executives only make 500K to over a million each year.

https://www.wesc.ca/upload/media_element/182/01/2018-info-circ-print-2.pdf

Edited February 26, 2020 by Enthalpic
Sorry that was "energy services", but still big money

[Enthalpic + 1,496]

https://postmediacalgaryherald2.files.wordpress.com/2019/06/compensation_page_2018.pdf

Top oil guy in Calgary makes 18 million a year, tough life, really needs more money.  Look stuff up Ward.

Edited February 26, 2020 by Enthalpic

[Douglas Buckland + 6,308]

4 hours ago, Zhong Lu said:

The irony is that if Sanders wins the election it might actually be good for commodity prices.  Less supply -> higher prices.

For example, if he declares a ban on fracking, oil prices jump 5 bucks overnight.  

There's also the minor point that at the rate commodities prices are going, there aren't going to be frackers anyways.  For the majors, a Sanders presidency might not be bad for them.  He'll guarantee high oil prices with his policy, and it's the majors that can take the best advantage of it.  The downside is that he might also pass a giant energy tax.  

From the majors' perspective, Sanders winning the presidency while Republicans control the Senate is probably the best option.  Sanders means higher oil prices, and their influence/money in the Senate can prevent any energy taxes.  Frackers go out of business and they scoop up everything.  

EDIT: If Sanders wins the election, it might be a good idea to scoop up XOM, especially if people dump it in response to the result.  Sanders might actually be good for the majors because of "higher oil prices."  Also given their deep pocketbooks, there's nothing stopping them from expanding into renewables, too. 

XOM's yields are now 6%, as the market is clearly expecting a dividend cut.  If oil jumps to 70 or 80 thx to Sanders, XOM is going to be seriously undervalued.  

Before Sanders could take office, any oil & gas entity that could would move operations elsewhere to avoid his misguided wrath. I wonder if he has factored in how many upstream, midstream and downstream jobs (as well as third party jobs) would be lost instantly to his asinine policies? 

[Douglas Buckland + 6,308]

3 minutes ago, Enthalpic said:

https://postmediacalgaryherald2.files.wordpress.com/2019/06/compensation_page_2018.pdf

Top oil guy in Calgary makes 18 million a year, tough life, really needs more money.  Look stuff up Ward.

Has he earned it or are you simply saying that because a guy makes good money that he is therefore evil? How many people have jobs due to his efforts? How much does he, and his firm(s) contribute in taxes?

[Douglas Buckland + 6,308]

9 minutes ago, Enthalpic said:

Two of those under signed work for Western Energy alliance who paid for the ad. Those "poor" executives only make 500K to over a million each year.

https://www.wesc.ca/upload/media_element/182/01/2018-info-circ-print-2.pdf

Just curious as to who YOU think should have ‘signed’ this ad...Greenpeace?

[Enthalpic + 1,496]

1 minute ago, Douglas Buckland said:

Has he earned it or are you simply saying that because a guy makes good money that he is therefore evil? How many people have jobs due to his efforts? How much does he, and his firm(s) contribute in taxes?

18 million a year isn't "good money" it's selling your soul.

Argue they just love oil... I say they like 18 million a year more.

[Douglas Buckland + 6,308]

1 minute ago, Enthalpic said:

18 million a year isn't "good money" it's selling your soul.

Argue they just love oil... I say they like 18 million a year more.

So anyone making over X amount a year (please define X) has sold his or her soul?

[Enthalpic + 1,496]

7 minutes ago, Douglas Buckland said:

So anyone making over X amount a year (please define X) has sold his or her soul?

 

Maybe when you make more than ten times the pay of a Greenpeace executive?  18 mill guy is bought, 500K person is cool.

 

 

https://storage.googleapis.com/planet4-international-stateless/2019/06/de3fd269-gpi-combined-financial-statements-2018.pdf

Edited February 26, 2020 by Enthalpic

[Enthalpic + 1,496]

Pretty sure anyone here would take 18 mill a year from Greenpeace to say "oil sucks." 

Don't lie.

Edited February 26, 2020 by Enthalpic

[Rob Plant + 2,756]

22 minutes ago, Enthalpic said:

18 million a year isn't "good money" it's selling your soul.

Argue they just love oil... I say they like 18 million a year more.

I fail to see why they cant defend the industry they work in by pointing out to the general public exactly what oil and gas provides them each and every day that many either take for granted or dont even know about.

I also dont get what these guys salaries have got to do with defending their industry. Is Bill Gates evil and best mates with Satan just because he is a billionaire? or are you happy to use microsoft products?

These arent paid stooges!

Edited February 26, 2020 by Rob Plant

[Enthalpic + 1,496]

2 minutes ago, Rob Plant said:

 

I also dont get what these guys salaries have got to do with defending their industry. Is Bill Gates evil and best mates with Satan just because he is a billionaire? or are you happy to use microsoft products?

LOL Bill Gates is a humanitarian who is going to give away most of his fortune.  He understands he doesn't deserve so much money.

Edited February 26, 2020 by Enthalpic

[Enthalpic + 1,496]

https://en.wikipedia.org/wiki/The_Giving_Pledge

Warren Buffett too.

Edited February 26, 2020 by Enthalpic

[Rob Plant + 2,756]

1 minute ago, Enthalpic said:

LOL Bill Gates is a humanitarian who is going to give away most of his fortune.  He understands he doesn't deserve so much money.

And how do you know what the people mentioned on this ad give away in charitable donations??

How do you know anything personal about them other than their salaries?

[Rob Plant + 2,756]

In my experience people who earn way more than they need are normally very philanthropic, I would be surprised if many on the list weren't also.