Politics

[Wheels]

 

[Ray B]

Looks like we found out what October 8 was about.

View attachment 493635

October 8: Seattle Mariners overcome 8 to 1 score to defeat Toronto Blue Jays 10 - 9.

 

[marksman]

Oct 9, 2022 President Vladimir Putin has gifted Russia something big on his 70th birthday. He has just snatched a huge oil and gas project from the United States of America. Putin signed a decree on the 7th of October that will make Russia take over the operations of the Exxon Mobil in the Sakhalin-1 oil and gas project. Exxon Mobil is an American energy giant. Russia is now the biggest operator of the Sakhalin-1 oil and gas development project, located off the coast of Sakhalin Island in Russia’s far east. The takeover of Exxon is yet another of Vladimir Putin’s signature moves to grapple and choke western energy properties in Russia. Watch to know more

 

[Major Bonkers]

An interesting take - in a 'why, Oh why?'/ 'we're all doomed' sort of way - on the destruction of the American middle-class.

What the article does not say is which politician identified the problem and tried to do something about it.

https://unherd.com/2022/10/how-turbo-wokism-broke-america/

 

[WAB]

Oct 9, 2022 President Vladimir Putin has gifted Russia something big on his 70th birthday. He has just snatched a huge oil and gas project from the United States of America. Putin signed a decree on the 7th of October that will make Russia take over the operations of the Exxon Mobil in the Sakhalin-1 oil and gas project. Exxon Mobil is an American energy giant. Russia is now the biggest operator of the Sakhalin-1 oil and gas development project, located off the coast of Sakhalin Island in Russia’s far east. The takeover of Exxon is yet another of Vladimir Putin’s signature moves to grapple and choke western energy properties in Russia. Watch to know more

With the brain drain Russia is experiencing, it will be interesting to see how well they can operate this. This is not an easy field to operate.

 

[shootist~]

Oct 9, 2022 President Vladimir Putin has gifted Russia something big on his 70th birthday. He has just snatched a huge oil and gas project from the United States of America. Putin signed a decree on the 7th of October that will make Russia take over the operations of the Exxon Mobil in the Sakhalin-1 oil and gas project. Exxon Mobil is an American energy giant. Russia is now the biggest operator of the Sakhalin-1 oil and gas development project, located off the coast of Sakhalin Island in Russia’s far east. The takeover of Exxon is yet another of Vladimir Putin’s signature moves to grapple and choke western energy properties in Russia. Watch to know more

Just more state propaganda for the Russian population.

ExxonMobil announced back in March they were discontinuing operations in the Sakhalin - in solidarity with the Ukrainian people.

ExxonMobil to discontinue operations at Sakhalin-1, make no new investments in Russia

IRVING, Texas – ExxonMobil today issued the following statement regarding the situation in Ukraine.

corporate.exxonmobil.com

 

[freefall]

Any American company who is doing business in a totalitarian state and then acts surprised when they seize it is at best a pack of fools, more likely collaborators who are still profiting as they cry poor-mouth.

 

[Alistair]

Any American company who is doing business in a totalitarian state and then acts surprised when they seize it is at best a pack of fools, more likely collaborators who are still profiting as they cry poor-mouth.

Fair, but circumstances dictate a fair bit if you're an oil company.

Looking at list of the worlds biggest producers you get Saudi Arabia, Russia, US, Canada, Iraq, UAE, Nigeria, Kuwait, Kazakhstan, Norway.

Not exactly a 'who's who' of the worlds most free and democratic nations, Norway, Canada and the US excluded.

 

[WAB]

Fair, but circumstances dictate a fair bit if you're an oil company.

Looking at list of the worlds biggest producers you get Saudi Arabia, Russia, US, Canada, Iraq, UAE, Nigeria, Kuwait, Kazakhstan, Norway.

Not exactly a 'who's who' of the worlds most free and democratic nations, Norway, Canada and the US excluded.

Yes and regimes change. You can’t just walk away from a multi billion dollar investment when politics shift.

 

[sgt_zim]

An interesting take - in a 'why, Oh why?'/ 'we're all doomed' sort of way - on the destruction of the American middle-class.

What the article does not say is which politician identified the problem and tried to do something about it.

https://unherd.com/2022/10/how-turbo-wokism-broke-america/

The author fails to see the forest for all the trees. We already have a much-too-powerful state. The state without the power to grant favors is of no utility to those with the wealth of Bezos, Soros, or Buffet.

Those fellas might have some semblance of control for a while, but a brutal murderer will come along, along the lines of a Stalin or a Mao, and will either set them all straight or disappear/suicide the ones who won't toe the line.

 

[Alistair]

Yes and regimes change. You can’t just walk away from a multi billion dollar investment when politics shift.

Indeed. In fact I'm honestly quite surprised just how many international businesses have bailed out of Russia in recent months. Yes, the optics are bad now, but in 5 years no one will care and it's a lot of assets to simply write off over what is, when you really get down to it, a transient political hiccup that'll be very quickly forgotten by both consumers and the investor community. Especially for the oil industry which, rightly or wrongly, already has a terrible ESG reputation and is a bit of a pariah for many traditional sources of business finance.

 

[Ray B]

ESG

One more variation of Snake Oil perpetrated by the Communists that is best avoided at all costs.

 

[Alistair]

One more variation of Snake Oil perpetrated by the Communists that is best avoided at all costs.

I quite agree, but if it dictates your access to affordable capital as a business or your share price (and it increasingly does) it's a matter of life or death in the corporate world.

For that not to be the case, the consumers and investors (both large and small) whose pension funds make up the equity of the big corporate lenders need to make it abundantly clear that it's not of interest to them, and I can't see that happening any time soon in any 'western' nation.

On the bright side, an independent investor with no real interest in virtue signalling can find some good buys in the 'unfashionable' sectors of the market like oil, cigarettes and weapons.

 

[375 Ruger Fan]

 

[Randy F]

 

[Ray B]

The Bidet has been in for 20 months and 20 days, but it's all a blur as we strive for the finish line, hoping that the light at the end of the tunnel is not an oncoming train.

 

[Wheels]

 

[Red Leg]

Oct 9, 2022 President Vladimir Putin has gifted Russia something big on his 70th birthday. He has just snatched a huge oil and gas project from the United States of America. Putin signed a decree on the 7th of October that will make Russia take over the operations of the Exxon Mobil in the Sakhalin-1 oil and gas project. Exxon Mobil is an American energy giant. Russia is now the biggest operator of the Sakhalin-1 oil and gas development project, located off the coast of Sakhalin Island in Russia’s far east. The takeover of Exxon is yet another of Vladimir Putin’s signature moves to grapple and choke western energy properties in Russia. Watch to know more

Pretty sure Exxon Mobile has barely noticed - this was announced in March (did the little dictator have an early birthday?) Regrettably, I suspect the Russian return on investment has been rather disappointing to date.

One year ago Exxon Mobile closed at 101.02 - Friday they closed at 101.03. By the way, how is the Russian market doing? Asking for a friend.

 

[Ray B]

why should we expect anything but to take some private property in Sakhalin- afterall, Stalin stole it from the Japanese and Putin is just keeping up an old family tradition.

 

[marksman]

and some people talk about how trump talks LOL

Oct 10, 2022 Donald Trump has played a compilation video taking aim at US President Joe Biden and some of his recent gaffes.

lets go Brandon