Word: chevronings
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...Downriver, it's easy to see the cause of this deadly hostility. Since the 1950s, when oil was first found in recoverable quantities, the Delta and the waters off Nigeria's coast in the Gulf of Guinea have made the country and oil majors such as Chevron, Agip, ExxonMobil and Shell hundreds of billions of dollars. Nigeria currently earns more than $3 billion a month from oil - which accounts for some 95% of its export earnings and 40% of its gdp. But the vast majority of the people of the Delta still live in severe and visible poverty...
...which is by the far the largest operator in Nigeria, has been forced to evacuate staff and scale back operations in the past few months. Time asked representatives of a number of oil companies to comment for this story, but all declined interviews. In an e-mailed statement, a Chevron spokesman said, "We take the security of our people and facilities seriously, and for obvious reasons cannot discuss the measures we implement to mitigate these risks." A Shell spokeswoman pointed to the company's 2004 report entitled People and the Environment, which details the steps the company is taking...
...from an individual corporation may have serious repercussions for that corporation. Such actions, however, generally benefit that corporation’s competitors, whose actions are frequently just as exploitative. Take, for example, the “effective” boycott of Shell in the late 1990s, which probably benefited Chevron more than anyone else...
...reach a peak andgo into its final decline. For years, a handful of petroleum geologists, including me, have been predicting peak oil before 2007, but in an era of cheap oil, few people listened. Lately, several major oil companies seem to have got the message. One of Chevron's ads says the world is currently burning 2 bbl. of oil for every barrel of new oil discovered. ExxonMobil says 1987 was the last year that we found more oil worldwide than we burned. Shell reports that it will expand its Canadian oil-sands operations but elsewhere will focus...
...nature itself seems mortally wounded as well. The 30-mile strip of houses, farms and schools has been transformed into a sump filled with fetid water. Groves of orange trees lie half submerged near Triumph. In Empire, almost 1 million gallons of oil have broken out of a giant Chevron storage tank, coating the levees and seeping into the marshland. A herd of cows staggers ankle deep through greasy waters in Venice. A few miles north, horses graze amid dead fish and the hulks of beached shrimp trawlers...