Word: chevrontexaco
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Dates: during 2002-2002
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Driving the oil rush are the prospect of higher prices and Washington's search for reliable oil suppliers outside the Middle East. European companies such as TotalFinaElf and Royal Dutch/Shell have long been players in the region but leading the new charge are U.S. giants ExxonMobil and ChevronTexaco and independents such as Amerada Hess, based in New York...
Were increasing the profits of U.S. energy companies actually President Bush’s driving motivation, he would not be preparing the American military for a massive operation. The reason ChevronTexaco and ExxonMobil are currently unable to tap the wealth of resources in Iraq is because of the U.N.-imposed economic sanctions that have been in place since Hussein’s invasion of Kuwait in 1990. The easiest way to get at Iraqi oil, therefore, is to end sanctions. Peter Beinart, editor of the New Republic magazine, illustrated this point in early October. “Attacking Saddam...
...Money still gets pumped into oil and gas?Indonesia's largest export industry?but there are considerable operational risks. In August, Caltex Pacific Indonesia, a subsidiary of ChevronTexaco, was forced to turn over management of an oil field in Sumatra to a joint venture between a local government and Pertamina, the country's big domestic producer. Caltex ran the field for 30 years, but when its production contract expired, the company was unable to get a standard extension. Under Suharto, Jakarta controlled the country's natural resource industries. But now, power is devolving to the provinces and local politicians want...
...Numbers 25 is the number of jobs oil company ChevronTexaco agreed to create for Nigerian villagers to end a standoff by local mothers demanding more posts for their sons $1 million is how much more the average U.S. college grad will earn in his lifetime compared to someone who only finishes high school, according to the Census Bureau 3 million teens seriously thought about or attempted suicide in 2000, says a survey by the U.S. Substance Abuse and Mental Health Services, and only 36% received counseling $17.3 billion is the amount of money spent by the Federal Government...
...Italian officials condemned the attack. Police said that several people apparently used iron bars and clubs to damage the graves and pry open one coffin. NIGERIA Oil Women Between 200 and 300 ethnic Ijaw women occupied four oil pumping stations in Nigeria's coastal Delta State. Run by ChevronTexaco, the stations are in the same area as the Escravos oil terminal that was occupied by unarmed women between July 8 and 18. That protest ended after the oil giant agreed to build schools and clinics, provide water and electricity service, set up farms and create jobs. BURUNDI Talks Abandoned Talks...