'Tis the Season for Oil Company Misinformation
In my travels around the globe, I have never been to another country that regards their oil companies as we do here in the U.S. I have actually been in countries where people view their domestic oil companies as a source of national pride. Here in the U.S., the average person on the street views our oil companies as vile, greedy parasites on taxpayers that should be tarred, feathered, and run right out of the country. While this belief is commonly held among Democrats, even staunch Conservatives like Bill O’Reilly have gone on anti-oil company rants , while offering suggestions like “American oil companies must supply the federal government with a written explanation every time they raise the price of gas and oil.”
Why It Matters to Me
But why should I care? Well, I care because ignorance is the basis of bad energy policy decisions. Bad energy policy decisions are likely to lead to higher levels of oil imports, which will hasten the demise of the U.S. as a superpower. (Lots of bad decisions are contributing to our slide toward mediocrity, but record trade deficits brought on by record flows of money to oil exporting nations are a contributor).
But I also care because I used to work for an oil company, and therefore I take misinformation directed at the oil industry somewhat personally. As I learned how oil companies really worked, I felt compelled to explain to people why their perceptions were wrong. It pained me to see so many hard-working people — people who provide the energy that most people use every day to move around the world — treated with such revulsion. As someone once said to me “It isn’t the oil company employees that we are angry with. It is the oil companies themselves.”
Let me be clear that I want to see the world reduce dependency on oil. In fact developing replacements for oil is the basis of my job. But my fear is that before that day comes, we will simply marginalize our domestic oil companies, and while we are still heavily dependent on oil, that dependence is shifted to an even greater degree to foreign oil companies like Saudi Aramco. So I think it is a bad idea to put policies in place that will give foreign oil companies an advantage over domestic oil companies — and many of the proposals that are frequently floated would do just that.
HuffPo: A Fountain of Misinformation
Last week earnings were announced for several major oil companies. Any time oil prices are high, earnings for integrated oil companies are likely to be high. And that is going to lead to consumer anger, which is often fueled by a steady dose of misinformation. Huffington Post just published a story on ExxonMobil’s earnings, and the comments following the story demonstrate a stunning level of ignorance about oil companies.
Pure Oil Company - News
High oil prices are driving the bulk of the profits; pure refiners like Valero also saw earnings increase, but not like those of oil producers. Some of the article is correct, some of it is most certainly incorrect, and much of it is misleading.
(NASDAQ:BEXP), which is now one of the largest pure Bakken play companies in the world. US Energy has a fantastic position in, and is trading at a large discount to its peers in the Bakken Shale. Wells there, at current oil prices, earn anywhere from a
The upstream company will be the largest pure-play oil and gas exploration and production business in the US. Production growth will come from investments in areas including unconventional resource plays, natural gas and liquefied natural gas.
ConocoPhillips (COP) is a daringly independent company in the oil and gas space. With a down-to-earth openness about it's role as a producer of fossil fuel resources, ConocoPhillips has taken a huge leap towards becoming a pure oil company,
(NASDAQ:BEXP), which is now one of the largest pure Bakken play companies in the world. US Energy has a fantastic position in, and is trading at a large discount to its peers in the Bakken Shale. Wells there, at current oil prices, earn anywhere from a
'Tis the Season for Oil Company Misinformation
In my travels around the globe, I have never been to another country that regards their oil companies as we do here in the U.S. I have actually been in countries where people view their domestic oil companies as a source of national pride. Here in the U.S., the average person on the street views our oil companies as vile, greedy parasites on taxpayers that should be tarred, feathered, and run right out of the country. While this belief is commonly held among Democrats, even staunch Conservatives like Bill O’Reilly have gone on anti-oil company rants , while offering suggestions like “American oil companies must supply the federal government with a written explanation every time they raise the price of gas and oil.”
Why It Matters to Me
But why should I care? Well, I care because ignorance is the basis of bad energy policy decisions. Bad energy policy decisions are likely to lead to higher levels of oil imports, which will hasten the demise of the U.S. as a superpower. (Lots of bad decisions are contributing to our slide toward mediocrity, but record trade deficits brought on by record flows of money to oil exporting nations are a contributor).
But I also care because I used to work for an oil company, and therefore I take misinformation directed at the oil industry somewhat personally. As I learned how oil companies really worked, I felt compelled to explain to people why their perceptions were wrong. It pained me to see so many hard-working people — people who provide the energy that most people use every day to move around the world — treated with such revulsion. As someone once said to me “It isn’t the oil company employees that we are angry with. It is the oil companies themselves.”
Let me be clear that I want to see the world reduce dependency on oil. In fact developing replacements for oil is the basis of my job. But my fear is that before that day comes, we will simply marginalize our domestic oil companies, and while we are still heavily dependent on oil, that dependence is shifted to an even greater degree to foreign oil companies like Saudi Aramco. So I think it is a bad idea to put policies in place that will give foreign oil companies an advantage over domestic oil companies — and many of the proposals that are frequently floated would do just that.
HuffPo: A Fountain of Misinformation
Last week earnings were announced for several major oil companies. Any time oil prices are high, earnings for integrated oil companies are likely to be high. And that is going to lead to consumer anger, which is often fueled by a steady dose of misinformation. Huffington Post just published a story on ExxonMobil’s earnings, and the comments following the story demonstrate a stunning level of ignorance about oil companies.
Pure Oil Company - Bookshelf
The Pure Oil Company, building an integrated business
Pure Oil Trust vs. Standard Oil Company, being the report of an investigation by the United States Industrial Commission. Comp. from private and official sources by the Oil City Derrick, 1899-1900
PURE OIL TRUST vs. STANDARD OIL COMPANY, BEING The Report of An Investigation BY THE United States Industrial Commission. Compiled From Private and Official ...New York supplement
NATIONAL LINSEED OIL CO. (Supreme Court, General Term, Fifth Department June ... (2) that the oil tendered to the defendant should be pure raw linseed oil, ...The history of the Standard oil company
It certainly looks as if the Pure Oil Company has devised an organisation ... Mr . Archbold, in describing this voting trust of the Pure Oil Company to the ...World oil
Depth Jefferson County — King & Dempscy WD Fell 2 * Muskingum County — Ohio Fuel Supply Co. Frank E. Stalker 18 4 Pure Oil Co. ...Daily News Directory
Pure Oil - Wikipedia, the free encyclopedia
Pure Oil Company was an American petroleum company founded in 1914 ... Pure was organized by independent interests to counter to the dominance of Standard Oil Company in the ...
PURE Oil Jobbers Cooperative, Inc. - A PURE History
Six years later, the company name changed to PURE Oil, and by 1926, it had moved to ... In 1950, PURE Oil opened a new research laboratory, and by the 1960's, annual sales had ...
Pure Oil Company
Pure Oil Company on WN Network delivers the latest Videos and Editable pages for News & Events, including Entertainment, Music, Sports, Science and ...
Purolator - Pure Oil Now. Pure Oil Later.
Purolator oil filters have been manufactured, marketed and distributed since 1923. Today, Purolator brand includes more than 2,000 part numbers for automotive, light ...
PURE Oil Jobbers Cooperative, Inc.
Welcome to the PURE Co-op. Founded in 1993, the PURE Oil Jobbers Cooperative, Inc. ... marketers of the PURE brand, which dates back to the founding of PURE Oil Company in 1920. ...