OT ; interview with ceo CHEVRON..

[freddiekingman]

good read here...they are looking for the best project around the world...and they have a lot of cash..

 "Governments everywhere find high energy prices much scarier than the threat of global warming"...

http://www.washingtonpost.com/business/technology/chevron-ceo-policies-show-risk-of-high-energy-prices-is-greater-than-risk-of-climate-change/2012/12/27/c4bf0e9e-504f-11e2-835b-02f92c0daa43_story.html

[freddiekingman]

Next year Chevron will invest $33 billion —

[ebster123]

"To meet that demand, Chevron is in the midst of an enormous cycle of investment aimed at extracting oil and gas from wherever it hides in the earth’s crust."
Freddie, I also like this quote from the article. Even if bashers could claim "stranded gas" looks like Chevron is willing and qualified to do " extracting oil and gas from wherever it hides in the earth’s crust."!!!!! Time will tell....

[sageo]

Eb- Good morning! Thanks for your post. I was just wondering....if someone would ask John Watson (Chevron) ,why would you spend 3x or 4x the money for gas in Australia than you could spend in PNG (onshore) for a better resource, I wonder what his answer would be ?? It does boggle the mind,doesn't  it ?  Sage (ha,ha)..

[ebster123]

Sage, I agree and would that question has already recently been asked... Time will tell!!!

[freddiekingman]

Eb- Good morning! Thanks for your post. I was just wondering....if someone would ask John Watson (Chevron) ,why would you spend 3x or 4x the money for gas in Australia than you could spend in PNG (onshore) for a better resource, I wonder what his answer would be ?? It does boggle the mind,doesn't  it ?  Sage (ha,ha)..

well , they might be in the mix...not?...if we have several bidders, knowing they returned to the Island and with the cash-pile they got,they will be one of them...