Tag Archives: Shell

The Jamocratic joke

Yup a wordplay and it is not the only one I have, but it is one of the less ‘hurtful’ ones. In the first, I have a republican mindset, I have always had that. I oppose Trump in all its glorified stupidity. I believe the US lost a great man with the passing of John McCain and I think the republicans wrongfully stabbed Liz Cheney in the back on the words of a bully, but we will have a reckoning on that later. Today we start with SkyNews who gave us ‘‘Morally bankrupt’: Biden ‘humiliated’ by Saudi Arabia and oil companies’ (at https://www.skynews.com.au/world-news/united-states/morally-bankrupt-biden-humilitaed-by-saudi-arabia-and-oil-companies/video/5819a070a892b5de3db7a8f259bff9c6), now granted the news is 2 days old. I wanted a little time to mull things over, but the text as given by “The president said it’s “unacceptable” that oil companies are making record profits during “a time of war.”” Oh? America is in a war? Who are they in war with? With their ‘proud boys’, with their failures? The list goes on and it is not a nice list. They gave the power to Wall Street and Wall Street ants ledgers, not excuses. 

And we were given a list of the oil companies

Marathon Petroleum, Valero Energy, ExxonMobil, Phillips 66, Chevron, BP, and Shell.

Marathon made $69B in 2020, that was their operating income, Their Net profit was $9.9B in 2020. Valero might have had a larger revenue $117B (2018), but a much lower Net profit which was a mere $4B (2018), Exxon mobile was the bigger player with $276B (2021), yet only with a Net income of $23B (2021), less than 10%. Are they corporations? Yes they are! They own responsibility to their shareholders and 10% does not add up to much and the statement of “record profits” does not add up, well not completely. You see Biden was handed a bad hand and the Russians gave that to him, so to see him blame American companies is one failure, to nag and bitch to the Kingdom of Saudi Arabia after he vowed to make them a pariah on something lacking clear evidence is a second failure. None of these players owe him, or the American people anything. This is the setting of a commodity driven economy. Consider the list. The US is one of the top three oil producing nations, so why is all that oil squandered? Why did the presidents (all of them, Republicans as well) not halt the consumption of oil? Why was something not done 20 years ago? I have articles spanning back decades on this folly. In 2015 Americans told me to shut up (fair enough), but now they do not get to scream! 

They can have ice cream (to soften the blow) but not whinge and whine. 

You see the problem is so much larger, and the US is part of that problem, it was never part of that solution. In 1999 crude oil was at an almost all time low of $19.35 a barrel. The cost was so low that oil providers started to shut down, the only time is was lower was in July 1946. Oil has had a rollercoaster life with tops in 2008 ($187) and April 1980 ($142), so as it is now at around $114 I would say “You ain’t seen nothing yet”, oh and before I forget what wars were the US in in 2008, or 1980? 

No, as I see it when you decide to hand the reigns to Wall Street, you cannot ‘yap’ like the little chihuahua. A commodity driven economy does not care, it does not care that your granny is sick, that the dog ate your homework, or that the mistress will not have sex with you as you only bought her a Microlino instead of a Dodge Challenger. All parts a commodity driven economy cares nothing about.

And Saudi Arabia? They need to do what is best for their country, not what matters to their greed driven customers. Does it hurt me? Yes it does, but that is the world I live in. I do not control oil, I do not control wealth, as such I am its plaything just like anyone else. As such SkyNews has a point with “US President Joe Biden has been criticised as “morally bankrupt” and “weak” in regard to his energy policy after it was revealed he is planning to visit Saudi Arabia to discuss the global oil crisis.” Yes, it is one way to look, but if he cannot control the American people who are eager to dig a deeper grave by the day (they are almost deep enough to say ‘Nǐ hǎo’ to the Chinese people) and no one in the US is stopping the need for oil, higher prices is where it will be. A simple setting of Supply and Demand.

It is getting worse, less than 3 hours ago we were informed (by Reuters) “Egypt and Saudi Arabia have signed 14 agreements valued at $7.7 billion during a visit to Cairo by Saudi Arabia’s de facto ruler Crown Prince Mohammed bin Salman” in addition there is “the establishment of a $150 million “pharmaceutical city” by Egypt’s Pharco Pharmaceuticals in Saudi Arabia” That is the true benefit of being a true ally to Saudi Arabia, a setting now starts that will cost the American coffers billions, just as I predicted will happen in 2016, 2018, 2020 and now we see the first (or second) impact in 2022. The US pharmaceutical branch in Saudi Arabia will lose power, Egypt will rise. Egypt will offer services to the Kingdom of Saudi Arabia for billions, those billions are lost to the US and the EU. This is the impact of a failed policy that never had any strength to begin with. 

So in all this, the administrations of the US (not President Biden) failed its citizens. The administration set the paper tiger in motion that looks nice, but when the people around it know that this tiger is paper (unlike the one below)

There will be a lack of reaction, a lack of adherence and that is when we realise there was never any need to adhere to anything. So the American people pissed off the KSA and Elon Musk (both energy saviours). So how exactly was that letter anything but a bad idea even before it was written? I see it was a desperate act of an administration that saw its fuel policy go to $5.87 (from $2.17) a rise of well over 100%. We get the desperation of the letter, but the expectation of success is equally laughable. As such what is the letter anything else but an admission that bankruptcy is merely just around the corner? When this all comes to blow the larger setting will come into play and there Wall Street will get to learn the lesson that absolute greed has merely one direction and it is not a good one, but those in Wall Street will have packed up their 8 or 9 figure balance and they will have headed for a zero tax shelter with warm sands and warm beaches. The rest? Well good luck to them. Oh and do not forget winter (and the need for heating fuel) is a mere 17 weeks away now. 

Leave a comment

Filed under Finance, Politics

The part we seem to forget

I was reading an article on the Guardian when something hit me. You see, we have been told parts of this again and again since the 90’s, for 30 years, more likely than not even longer, were we warned for the issues we now see unfold in Greece and all over the world. 

When we consider that and we consider ‘Major climate changes inevitable and irreversible – IPCC’s starkest warning yet’ (at https://www.theguardian.com/science/2021/aug/09/humans-have-caused-unprecedented-and-irreversible-change-to-climate-scientists-warn) we see “Human activity is changing the Earth’s climate in ways “unprecedented” in thousands or hundreds of thousands of years, with some of the changes now inevitable and “irreversible”, climate scientists have warned. Within the next two decades, temperatures are likely to rise by more than 1.5C above pre-industrial levels, breaching the ambition of the 2015 Paris climate agreement, and bringing widespread devastation and extreme weather.” Yet what we do not see, not by any media, is the job the media is supposed to do, the part we expect and the part we should DEMAND they will do, but they will not. The media is the bitch of shareholders, stakeholders and advertisers and their stakeholders will not hear of it, their friends will not like this. We should demand a list, a list of EVERY scientist who opposed the papers showing these dangers for decades. We should demand a list of these scientists and the corporate links they had, the corporate donations they received. The people are entitled to them, but the stakeholders who are behind the screens will not like this and I wonder why not. Actually, I am not that surprised that stakeholders tend to be bitches too, they will have friends they cater too and they do not like it that they are not the powers they pretend to be, but the game is now in a stage where we should look at that part, even as the media is willing to let that part go, just like they play footsie with people like Martin Bashir. So as the Daily Mail gives the people ‘Diana whistleblower who sounded the alarm over ‘dirty tricks’ used by Martin Bashir to secure interview ‘will be paid £750,000 by BBC after losing career’’ we see that the BBC catered to other needs for 25 years and they do not like the limelight of catering, just like others catered to Jimmy Saville and a few others, all (as I personally see it) due to connections to stakeholders, that needs to end. I believe that any media shown to cater to non-media needs, need to get its 0% VAT status revoked for no less than 10 years, see if that motivates them. 

The Guardian gave us (at https://www.theguardian.com/environment/2021/jun/30/climate-crimes-oil-and-gas-environment) “Instead of heeding the evidence of the research they were funding, major oil firms worked together to bury the findings and manufacture a counter narrative to undermine the growing scientific consensus around climate science. The fossil fuel industry’s campaign to create uncertainty paid off for decades by muddying public understanding of the growing dangers from global heating and stalling political action.” This is fine, but this was not enough, the scientists who put their name under some of these marketing plays need to be out in the open, they made their choices, the now need to be banned for life. Catering to stakeholders need to come at a price. It is nice to blame the fossil fuel group, it might not be wrong, but it is shallow, there was an entire support engine of academics and politicians, they need to be pushed into the limelight. Politicians that set the agenda of inaction, supported by academic statements, we need those to be out in the open in all nations, so that we can flush out. The stakeholders, a side the media is for the most unable (read: unwilling) to do. So as the Guardian also gives us “Last month, a Dutch court ordered Shell to cut its global carbon emissions by 45% by the end of the decade. The same day, in Houston, an activist hedge fund forced three new directors on to the board of the US’s largest oil firm, ExxonMobil, to address climate issues. Investors at Chevron also voted to cut emissions from the petroleum products it sells.” So, where were they in the last 2-3 decades? As I personally see it, these people could react well over a decade ago when the water was up to our necks, they decided to fill their pockets a little longer until the water was up to our eyeballs, optionally making reference that clever people had a snorkel. Yet, snorkels have weaknesses, and the eyeballs might see the waves from one direction, not from all directions in that state, for that the water needed to be at no more than neck level, less would have ben better. 

So as we are in this setting, we are all driven to blame fossil fuel and as most oil comes from the middle east it will be appealing to most, yet the truth, the ugly truth is that they could only preserve their income with political and academic support form the west and we want those names, preferable with the names of the stakeholders. 

I wonder if any media will dig into that part, they might say that they do and they might make efforts, but after 2-3 weeks there will be another crises and some stakeholder will drown the effort, that is how the world runs, greed driven against the needs of everyone and at the cost of everything that is not theirs. It is merely my point of view, but I believe it to be a correct one.

Leave a comment

Filed under Media, Politics, Science

Back to basics

Yup, even I have to go back to basics at time, it is not a bd thing, it is actually a good thing. I was looking at the language setting for the TV series (Keno Diastima) I designed and I came up with an approach that has three layers, the action, the attached location and the intonation. The idea is based on the old Infocom games, even as their language is more advanced, consider that you are in a location and you do not know each other. Would you make it complex, or simple. The actions would be (for example), Go, Get, Eat, Drink, Move, Grab, Describe, Turn, Say, Examine, Scan, Attack, Defend, Listen, Connect, Make (so far, the list might expand), the location list is set to the same icons, but part of vocal expressionism, in all this, I need to set up a logical icon list that is between 100-200 icons. Then there is the intonation, I thought of setting the relevance and meaning towards the Greek gods (in the series a different setting), as such military instructions will take a note from Ares, sustenance is from Demeter, Liquid needs are Poseidon, and so on. It is not limited to gods, in our world wisdom might also have come from Homer or Plato, in a setting we can grab a person, but under Plato, Apollo and Ares, that meaning could differ a lot. A setting in this is optionally now solved. I got most of season one now done, I merely need to set the events and dialogues, not bad, in this short a time, I have spend in total no more than 12 hours on all of this and I am getting close to 3 seasons, what a nice creative vibe, and I think that going back to basics only assisted the matter. 

Yet it is not merely about TV-Series, if language is important, if proper language makes us set the stage that needs to be set, then which yahoo milk-dud came up with the setting of ‘Google Play is unsportsmanlike, U.S. states likely to argue in potential lawsuit’? In what law is sportsmanlike used in corporate decisions? Consider Kmart, Pfizer, Amazon, Shell, Novartis and several others, so how many were accused and prosecuted for ‘unsportsmanlike acts’? Where is that covered in law?

The stage gets wider from there. This comes with the quote “The lawsuit is expected to be filed in February or March, the sources said, and it would follow complaints about Google’s management of its Play Store even though the company was originally seen as more open about its app store than Apple Inc”, this is optional getting ridiculous, I would like to investigate the raw data on all the complaints, including WHO had been complaining. Some might accept it when we see U.S. Justice Department, yet that is run by Audrey Strauss, no matter who she is and she might be really good at his job, but the premise is to get a conviction and just does not work here. 

A system that is complex, an Android system it is a Google System, as we see “requires that some apps use the company’s payment tools and pay Google as much as 30% of their revenue”, what Diane Bartz and Paresh Dave are intentionally keeping silent on is that there is a stage where apps are FREE, as such there is contribution, 30% of NOTHING, is NOTHING. This is a stage where people pay $1-$10 for micro transactions, some are very much worth it, others not that much, but that is in the eye of the beholder, but what is important that the entire commercial side requires hardware and software valued at $3000-$8000, and this is before the entire banking part comes into play. Google (Apple too on their devices) takes it all away from the software guy, And in the 1st year these software developers are making a tidy profit, when it normally takes 3-5 year to merely break even, if ever. And this is not about these makers, if they are banned from Android Play and they have to provide their own hardware, they fold and the not so bright people in the legal offices know this, I speculate that they are facilitating for players like Epic Games and these people will not care who gets hurt. The setting that follows is third party providers, yet I demand that any criminal transgressions by these third party players will result in the US Justice department being accountable for ALL damages on the players and on Google, but then like little bitches they run away and blame miscommunication. The intonation is important on both, the US Justice Department is a tool that is being used (as I see it), and as such we are ALL entitled to know the identity and the exact complaint. When the US Justice Department interferes with the safety of our gaming time, no matter where we do it (Android, iOS), you better believe that we all want to nail these idiots to a cross, fortunately the distance between the two locations (Google DC and the US Department of Justice) is 1.2 miles, in good Roman tradition we can (as I personally see it) nail all these people driven to greed driven stupidity on a cross over the lengths of the distance, there is likely to be length left, but I am not hopeful on that, even though, some will have a lovely view on the Lincoln statue for as long as they live. I get it, it might be overly emotional, but the stage is set that we see more and more stupidity on trying to get to Google, all whilst the overhaul of the tax laws would have done it, but that might hurt other people on the hill, would it not? A solution available for 20 years, still ignored, even now and even tomorrow.

A back to basics package that Audrey Strauss could have figured out if she had set her mind to an actual solution and not a witch-hunt, but that might just be me.

Leave a comment

Filed under Finance, IT, Media, Science

Prospecting black gold

There has been news all over the world, some news is good, some less so and at times we cannot see whether news is good, bad or irrelevant. To see the dangers, or perhaps the opportunity of what is what we need to look back to 2014, and start that issue with a quote from the Marvel Movie: Age of Ultron. The quote originally from Tony Stark was: “As I always say, keep your friends rich, and your enemies rich, and then find out which is which“, it is a reference to the arms industry and the benefit of mutual escalation. Keep this in mind when you consider the article in the Independent (at http://www.independent.co.uk/news/business/news/royal-mail-float-scandal-how-hedge-funds-cleaned-up-9303674.html), the title gives us the immediate threat with ‘Royal Mail float scandal: how hedge funds cleaned up‘, and “Speculators were allowed to buy £150m of shares despite Vince Cable’s pledge to favour long-term investors“, I omitted the claim that it was all due to the postman. That person usually rings twice, especially when Jessica Lange is around. Yet the heart of the matter, like in the movie, is not in the ‘boner’ or the ‘bonee’, it is the aftermath that matters. You see, the gem is seen in the local prosecutor and his ploy to get to the truth by going after one side, yet it is Cora’s Lawyer Katz who stops the evidence to get to the prosecutor, which nullifies whatever was attempted. So consider the part we see in the Independent: “around 20 per cent of the shares it had allocated to 16 preferred investors had gone to hedge funds and other short-term investors. This would equate to around £150m of Royal Mail shares – 13 per cent of the entire stock sold by the Government. The companies bought in at the float price of 330p a share. The shares shot up within seconds of trading, eventually peaking within weeks at more than 600p, allowing the hedge funds to bank vast profits at the taxpayers’ expense“, now consider also that this is a reflection of ‘£150m of Royal Mail shares‘. A system that has issues and allows for ‘deal sweeteners‘, now when you see this, and knowing that the bulk of hedge funds managers seem to get away with murder, consider the arrival of Aramco, better stated, the Financial Times headline ‘The $2tn Saudi Aramco question‘, which is now squarely an issue of titanic proportions (intentional pun towards the sinking dinghy). First things first, you see, this is not a fuel vendor like Shell, or a social media company like Facebook, this is the Privatised Saudi oil company that is larger than the sum of Shell, Facebook, Apple and Google. It is a 2 trillion dollar company, now consider the danger of the floating dangers of something like that, hedge funds managers can clean up and those who do will be set for a decadent life, for the rest of their lives. The dangers of something this big is pretty astounding and the fact that it could happen is not that small. You see, the dangers increases as we consider certain facts. NASDAQ gives us: “OPEC agreed in November last year to curb its output by about 1.2 million barrels per day between January and June“, that is because the stocks are a little higher than expected. This happens, oil will always fluctuate, now consider in the US alone there are 32 oil fired power plants. Production is down (for now) and the moment the first heatwave gets to the US, we see a massive spike in power requirements and 32 of those power makers require fossil fuel. In this I am only mentioning the USA, there has been power issues on a global scale, which is always going to be the case, but one of the largest providers towards the demand is going public and that is what speculators really like, because if the supply & demand need is not properly managed, we see an increase option towards fluctuation. Those speculators only need to get lucky once and the mess would be unrepairable.

The Financial Times gives us some of the goods with: “Privatising Aramco is the first step in rebalancing the economy. By disentangling the company, which accounts for more than two-thirds of government revenues, from the state, Prince Mohammed hopes to make Riyadh less oil-reliant, while providing capital for investment in new industries, ranging from technology, where it is pumping $45bn into the SoftBank Vision Fund, to mining. The privatisation of its national champion is crucial to this process” (at https://www.ft.com/content/7ed59bee-163b-11e7-b0c1-37e417ee6c76), but the heart is seen in: “That is even without looking at the question of how much oil actually lies beneath the desert kingdom’s sands“, when we consider that the oil gains in the North sea is slowing down and this is a signal seen in several places, the fact that at some point (in past, present or future) that something similar will happen to the Aramco goods is a certain fact, it is the when that cannot be anticipated. In addition, going public means that you need to be commercial, when it is government no one really cares, but in the public sector the trend must forever be upwards, so when will we see a similar float in Aramco when the numbers are not as great? It has been an utter certainty that nearly all companies go through, some did it calculated knowing they would kill the numbers within a quarter, some hoping they would kill the numbers and some did it whilst they were desperate for a miracle. Yet floating they went. How much of a $2 trillion dollar company in stock value will tumble when that happens?

And these are the circumstances where the acts were valid and not criminal at all (see UK Mail), I am not making any Tesco assumptions here, because the damage in that case will be devastating to the London Stock Exchange. One firm representing close to 70% of its entire market, there would be no London Stock Exchange after such a disaster. Bloomberg gives us the second tier of risks and dangers with ‘Saudi Aramco Cuts Oil Pricing for Europe Where Russia Dominates‘ (at https://www.bloomberg.com/news/articles/2017-04-05/saudi-aramco-lowers-some-crude-pricing-for-asia-raises-for-u-s), a market that Russia already dominates. What would happen if let’s say 3 days after going public, Russia decides to slash their prices for a short time? How would the market react? Not just to Aramco having to follow, but the forecasted annual numbers then take a dive, at who’s expense? Consider that the European market is ‘ruled’ by Russia and Norway, together they make up for 50% of that market and the Saudi part is smaller than Norway and 80% of that 50% market is just Russia. So they can influence the market a fair bit. You see, Bloomberg gives us “There is a risk price wars may resume in Europe, raising the possibility the output cut agreement won’t be extended to the second half of this year“, meaning that in the second half Russia could flood the markets and the streets with black gold. That impact would be felt all over the stock market. There is one part that I am uncertain on. You see, it reads like a small and insignificant part. The quote: “Aramco will tweak the benchmark it uses in the region to make it easier for crude buyers to hedge their purchases” seems small, but consider that hedging is done by a few hundred buyers for up to 25,000 barrels. It seems like nothing, but with 179 buyers it is almost a week worth of crude oil, now the ‘stock is full‘ issue becomes a larger one, because this is a level of fluctuation on stock levels that would impact on the stock prices, the mere stock is full a few weeks ago had a $3 impact (or 4.6%), that becomes a little more than insignificant. Now, I could be wrong here as I am not in the oil, yet you see that this is a concern when it impacts a $2T invested interest by more than just hedge funds managers.

The last part comes from the Guardian. In Jan 2016 they stated “Saudi Aramco is likely to be worth well over $1tn (£685bn)“, this is important as we do not see 1.2 or 1.5 trillion, so this given number implies that in a year Saudi Aramco grow by more than 40%, the exact number cannot be determined. Other media stated that Aramco had grown to 2 trillion last year, but none have given enough evidence to state which number is the reliable one. That too impacts this new market, especially the initial dangers of floating a stock. Yesterday (at https://www.theguardian.com/business/2017/apr/05/theresa-may-lse-saudi-aramco-uk-london-stock-exchange-oil) we see: ‘May and LSE chief woo Saudi ministers for $2tn Aramco listing‘, here we see: “Xavier Rolet, has launched a charm offensive in Riyadh to woo Saudi ministers with the prospect of London hosting the upcoming flotation of Saudi state oil company Aramco, which is likely to be the largest of all time“, the word ‘flotation‘ is given and the danger is now out and about, in clear view of all. So as the UK government is trying to appease Khalid Al-Falih, energy minister of Saudi Arabia (and CEO of Aramco), as well as Yasir al-Rumayyan, the director of the Saudi public investment fund – a sovereign wealth fund, I have to wonder where the Rothschild’s are, because there is no way in heaven or hell that the Rothschild family would be absent of a 5% of a $2T company option and not be a player in something with the ROI of billions, especially after the losses they had with Kurdistan and Africa. They have skin in the game now, and they need a victory in this field, their ego demands it from themselves!

In all this the final part given in the Guardian must not be overlooked, because the quote “Downing Street announced on Monday it had drawn up plans with Riyadh to boost support for Saudi’s much-vaunted Vision 2030 strategic plan for diversifying the Saudi economy to decrease its over-reliance on oil, spearheaded by the deputy crown prince, Mohammed bin Salman, who met May on Tuesday“, as this now offers the level of revenue to fund the ability to become the largest 5G player in the middle east, with options to diversify into Europe, the far East and America. It is perhaps the first time in history that a public company would shoot to a top position in mobile communication, ready to set the market and their values in a few ways on a global scale. For the simple reason that moving into technology and not go for the new tech that will determine the fate of the large mobile and telecom players between 2019 and 2027 seems extremely short-sighted.

 

Leave a comment

Filed under Finance, IT, Media, Politics

Is it merely a need to know?

It is more than just an opinion piece, when we saw the week begin with a piece from George Clooney (yes, that one) and John Prendergast, both responsible for the start of the NGO ‘Not On Our Watch‘, the people might took notice (at https://www.theguardian.com/commentisfree/2017/feb/20/dirty-money-africa-atrocities-uk-banks), the title ‘British banks are go-betweens in global conflict. This can be stopped‘ was even more alluring, but then we see the quote “It is time to act against the kind of corruption that enables governments and armed groups especially in east and central Africa – the deadliest interlinked zone of conflict in the world – to prosecute wars and carry out mass atrocities“, everyone decided to take another nap. Actually, I cannot blame them. It sounds so intense and essential, but if there is one part the population at large does not care about, than it is another corruption article from a place the bulk of the people never cared about it in the first place. Now, this is the plain reality that the people seem to have. Can I blame them? Is it a valid point of view?

This becomes part of the centre that we lose when we see that implied levels of corruption are impeding our quality of life in Europe. I discussed part of it in ‘When a Newspaper gets it wrong‘ (at https://lawlordtobe.com/2017/02/16/when-a-newspaper-gets-it-wrong/). The article linked here implies a lot, especially when you realise that we are faced with British Champagne stories in an age where any member of the EU mentioning it should not even be allowed to be a member of the EU parliament. Then we get “The National Crime Agency judges that billions of pounds of suspected proceeds of corruption are laundered through the UK each year“, which might be true, might not be true, but most important, when we realise that there is also the quote “the international community has failed to fully deploy the anti-money laundering measures“, I would like to see a comparison on a national level, you see, comparing the UK numbers (where possible) with the numbers of Europe’s largest Transit harbour on the planet (read: Rotterdam) and as such the container laundering schemes where it goes on for more iterations of laundering as the bitcoin is used. So how can we see how much is laundered per nation? Is the UK the big player here? How does the UK compare to the Netherlands, Germany, Belgium, France, Spain, Italy and Poland? Can we see those numbers please? You see, as we read “These kinds of financial-pressure measures can help save lives“, the bulk of the readers seem to ignore, or remain ignorant on how the pharmaceutical industry funnels billions, all perfectly legal and as such taxation is avoided. Yes, it makes perfect sense to focus on millions and not address the billions missed. Oh, and perhaps can we see the expected, or predicted time table from the quote “Our team is gathering the evidence needed“, now, let’s be honest, that such a given is next to impossible, but a few changes fought for at present might restore the essential need of legal overhauls, a side that does not seem to make the press that often and more important, the more Clooney stories we get, the less gets overhauled or clearly illuminated that an overhaul is essential. Now the quote we see at the end “a real difference can be made in ending wars in Africa and the mass atrocities that accompany them if we target those that are benefiting financially from the mayhem and suffering“, we can only agree with the principle need. I will not oppose that as such. Yet, it has only been a month since the article at https://www.theguardian.com/business/2017/jan/26/nigerian-oil-pollution-shell-uk-corporations  and as such, when we hear ‘Nigerian oil pollution claims against Shell cannot be heard in UK, court rules‘ and the issues of pollution against the Royal Dutch Shell, we need to take a moment to consider whether the futility that team Clooney and Prendergast (Team CP) is bringing to the media. The given subtitle ‘Campaigners hoped case would pave way for lawsuits to be brought against corporations for actions abroad‘ is another part in that the issues cannot be properly examined. This we see in “Shell has denied liability and argued last November that the challenge involves “fundamentally Nigerian issues” that should be heard in a Nigerian court“, now it is important to know that I did not study the court notes. So, if we can accept that the court did do a proper hearing and accepted the relevant issues, than no matter what Team CP brings us, the simple truth is that the dangers of any Nigerian court would properly stop the issues correctly seemingly would become almost pointless (if we accept the corruption part that team CP claims. In addition, when we read the accusation ‘A man collecting polluted water at an illegal oil refinery site‘ gives us even more, especially when we concentrate on the word ‘illegal‘, so is Royal Dutch Shell connected to the illegal refinery site? What evidence is there? So now we get the case that team CP is concentrating on a few numbskulls with the limited possibility to stop millions, whilst the players they need to go for is walking away with billions. In that regard their actions are implied to be ‘doomed to fail’ and that is in the most likely positive version, a more negative version is that massive amounts of times are wasted and nothing gets to be achieved. It is in addition likely that the Royal Dutch Shell would assist team CP with other meaningless cases whilst the Royal Dutch Shell remains out of reach. So how is that for justice?

This we see confirmed in the quote “Joe Westby, campaigner on business and human rights at Amnesty International, said: “This ruling could mean that the communities will never receive meaningful compensation, and that the oil spills will be not be properly cleaned up”“, which supports the view I am having and I got to the conclusion as fast as I was reading the article, only to see that other experts agree with me. The final quote “The company says the Bille and Ogale communities’ problems with oil spills are due to sabotage, theft from pipelines, and illegal refining“, which if proven shows the innocence of Shell to some degree, and it shows to the larger degree that team CP have very little chance of success to the degree they need it as change in Nigerian environmental legislation would be essential to force initial change. Apart from that view, there is still the illegal refining, that takes equipment, which beckons the question how much has the Nigerian government confiscated? How many people got prosecuted in all this? There is no clear answer of success and there likely will not ever be one as illegal refiners are in the same category as illegal poachers, as the need or ivory continues, the number of elephants will decrease in Africa until the animal is extinct, then what?

Unless the Nigerian government starts hunting down these transgressors with success and extreme prejudice, they end up not having any level of success. Greed is the ultimate equaliser, the need of the one outweigh the ability of many. A reality that has continued on a near global scale since the early 1900’s. Change is too slow and without harsh levels of success, the opinion piece on and from team CP is not going anywhere but into the circular storage and archiving solution (read: trashcan).

In this Shell has no consideration to assist, the government has no place to start and as the wrong parties are more and more likely blamed we get a situation that until the proper papers are filed, the people involved have no option left to move in any direction, which works great for the facilitators of these events. Someone is making a bundle and as these parties cannot be correctly and accurately identified, the actions against them remain empty, unresolved and hollow.

 

Leave a comment

Filed under Finance, Law, Media, Politics, Science