Letter Proves NY AG, Others “Unlawfully” Ganged Up on ExxonMobil

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NY AG Eric Schneiderman – corrupt

Once again there is HUGE news that points to “unlawful” (i.e. illegal) actions on the part of New York State Attorney General Eric Schneiderman–and mainstream media is ignoring it. Previously the Energy & Environment Legal Institute (E&E Legal) released copies of communications between Schneiderman, Massachusetts AG Maura Healey and other lefty Dems to engage in an unethical secrecy pact in their campaign to shake down Exxon Mobil by claiming the company “knew” man-made global warming exists and that burning the nasty fossil fuels the company produces contributes to it (see Smoking Gun: AGs Signed Pact to Keep Exxon Documents Secret). Now E&E Legal has released communications that show Schneiderman et al “unlawfully” colluded by forming an “informal coalition…to stem climate change and expand the availability and usage of renewable energy”. That is, they sought to attack a private company, Exxon, for not admitting mankind is causing a catastrophic toasting of Mom Earth. The AGs decided Obama’s Paris agreement needed some help–and they would do so by agreeing, and keeping secret their agreement, to target private companies like Exxon who won’t roll over and play dead on the issue of global warming. AG Schneiderman and the other lefty AGs have been caught corrupting our system of justice by forming a gang to bully companies and individuals into silence. Will we now see any justice against Schneiderman and the other law breakers? We’re not holding our breath…
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Shakedown Complete: XTO Pays PA AG $400K to Make Case Go Away

Make Him an Offer He Can't RefuseJust prior to going on trial for committing felonies while in office, Pennsylvania Attorney General Kathleen Kane (Democrat) needed something, ANYTHING, to distract the press from focusing on her own crimes. Since she took office in January 2013, Kane has targeted the Marcellus industry. One of the first high profile cases she manufactured (out of nothing) was to accuse XTO Energy of committing a crime in an accidental spill of a few thousand gallons of frack wastewater–an accident in Lycoming County, PA that happened years before she took office and didn’t have any long-term effects (see PA AG Abuses Her Authority, Files Criminal Charges Against XTO). The case Kane has tried to manufacture against XTO, launched in her first year in office, is finally over. Instead of dragging it out further, XTO decided to pay Kane $400,000 to make it all go away (called a shakedown in the organized crime world). Kane is settling with XTO using a “rehabilitation” program normally used for drunk drivers without a prior record–that’s how desperate she is to get this case settled and turn the focus away from herself for a few days. “Coincidentally” Kane’s own felony trial begins on Monday. It’ll be a sweet day to watch her frog marched out in leg irons when she’s convicted…
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NY & MA AGs Refuse to Comply with Congressional Supeona

lawlessThe lawless Attorney General in New York, Eric Schneiderman, and his philosophical twin in Massachusetts, AG Maura Healey, are refusing to obey a subpoena issued by Congress for copies of their communication records that would show the two (along with other AGs) have been unethically (perhaps illegally) colluding with Big Green groups in targeting Exxon Mobil over the issue of so-called global warming. As MDN previously reported, Schneiderman, Healey and several other far-left radicals made fantastical claims that Exxon “knew” that burning their evil, filthy, nasty oil and natural gas is causing Mom Earth to warm up, so the AGs served subpoenas to Exxon to turn over every piece of communication the company has ever had. Why? So the AGs could try to build a case against Exxon’s expression of free speech (see NY AG Targets/Accuses ExxonMobil of Lying about ‘Climate Change’). Interestingly, Schneiderman, Healey and others in this cabal were suspected, now with proof, that they’ve been colluding with each other and with radical Big Green groups in their witch hunt of Exxon (see Smoking Gun: AGs Signed Pact to Keep Exxon Documents Secret). So Congress went on a little fishing expedition of its own, issuing subpoenas to Scheiderman et al (see NY AG, Others Served Congressional Subpoena re Exxon Witch Hunt). Schneiderman and Healey are officially refusing to obey the subpeona. Hey psycho AGs: Exxon has every right to refuse YOUR subpoenas too! Sauce for the goose…
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ExxonMobil, Saudis Plan to Build New Ethane Cracker on Gulf Coast

joint ventureYesterday ExxonMobil and Saudi Arabian petrochemical giant SABIC announced they have formed a joint venture partnership and are evaluating (and plan) to build yet another ethane cracker plant complex along the Gulf Coast–in either Texas or Louisiana. The Gulf Coast has numerous such plants already in operation. The northeast has (so far) none. Why the two companies are not looking to the northeast is beyond us. In their announcement the companies said they want to locate along the Gulf Coast “near natural gas feedstock.” Why is this an MDN story? Because (a) pipelines are planned from the Marcellus/Utica region to the Gulf Coast, and this cracker, if built, will be yet another new market for our gas, and (b) because it will likely compete with the crackers that do get built in the northeast. Shell has committed to building one in Pennsylvania, and PTT Global Chemical will make a final investment decision in 2017 on a planned cracker in Ohio. A new Exxon/SABIC cracker will compete for our gas supplies, we have no doubt. Here’s yesterday’s joint announcement…
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ExxonMobil Buying InterOil for $2.5B – Another LNG Love Story

Love StoryIn early 2015, MDN brought you the news that Shell was making a play to buy BG Group for $69.7 billion (see LNG Love Story: Shell Makes Play to Buy BG in $69.7B Megamerger). As we pointed out, the purchase was all about LNG, or liquefied natural gas. Shell consummated the deal in February of this year (see Shell & BG One Company After Today, Shell Ponies Up $14.4B Cash). The “man on the street” may not realize it, but the Shell/BG merger was the biggest such merger in the oil and gas industry since Exxon purchased and merged with Mobil in an $89 billion deal, back in 1999. ExxonMobil is now making its own LNG play. Yesterday the company announced a deal to purchase InterOil, an LNG company based in Papua New Guinea, for $2.5 billion. Yes, a MUCH smaller deal than the Shell/BG merger–but it points out the direction things are heading. Big Oil is making tracks to become Big Gas. The writing is on the wall. Eventually oil and petroleum-based products will recede. The obvious alternative is clean-burning natural gas. When the world’s largest oil companies say (and prove with their actions) that the future is in natural gas, well, that’s a tectonic shift in the oil and gas industry…
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NY AG, Others Served Congressional Subpoena re Exxon Witch Hunt

subpeonaThe Attorney General from Massachusetts, Maura Healey, the AG from New York, Eric Schneiderman and several other far-left radicals drunk on their own power have made fantastical claims that Exxon “knew” that burning their evil, filthy, nasty oil and natural gas is causing Mom Earth to warm up, so they serving subpoenas to Exxon to turn over every piece of communication the company has ever had, so they can build a case against Exxon’s free speech (see NY AG Targets/Accuses ExxonMobil of Lying about ‘Climate Change’). As we wrote, these far-out libs represent the rise of the new Enviro Nazis (see Rise of the New (Environmental) Nazis – Free Speech Under Attack). Exxon isn’t taking it lying down–they’re fighting back (see Exxon Beats Back Free Speech Attack by Liberal AGs in Climate Fight). Interestingly, Schneiderman and other anti-drilling AGs are suspected, now with proof, that they’ve been colluding with each other and with radical Big Green groups in their witch hunt of Exxon (see Smoking Gun: AGs Signed Pact to Keep Exxon Documents Secret). Those who champion free speech and common sense (i.e. they don’t believe in the fairy tale of man-made global warming) have now turned the tables on these vicious, criminal AGs and their Big Green posse. Another group of AGs have not-so-subtly told the anti-drilling AGs they themselves may face prosecution for knowingly overstating the case of man-made global warming (see Is it Time to Prosecute Global Warming Alarmists?). It’s the other side of the argument. If you can prosecute someone for “knowingly” underplaying the case for man-made global warming, as Scneiderman, Healey and other AGs are trying to do to Exxon, why can’t you also prosecute someone for knowingly overplaying the case? Schneiderman, Healey and others now have something else to worry about. Yesterday the U.S. House of Representatives Science, Space, and Technology Committee sent subpoenas to Schneiderman, Healey and eight radical enviro organizations requiring them to cough up the documents they’ve been hiding that show their collusion to try and bring down Exxon…
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Smoking Gun: AGs Signed Pact to Keep Exxon Documents Secret

smoking-gun.jpgEmails recently obtained through Freedom of Information Act (FOIA) requests provide proof that New York Attorney General, Eric Schneiderman, along with Democrat AGs from a number of other states, pre-planned an attack on Exxon Mobil, not only colluding with each other, but with also with radical environmental groups. And they tried to keep it all secret. AG Schneiderman’s office circulated a “Common Interest Agreement” to the other AGs–a pact he wanted them to sign that they would not release any documents about their colluding schemes to smear Exxon–BEFORE they launched the attack. We honestly wonder if what they did is criminal. We sincerely hope Exxon is pushing for an FBI investigation into this bunch of sleazy AGs–which include not only Schneiderman, but also the AGs from the Virgin Islands, Rhode Island, and Massachusetts…
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Exxon Beats Back Free Speech Attack by Liberal AGs in Climate Fight

fight backMDN previously chronicled an insidious effort being spearheaded by the odious New York State Attorney General Eric Schneiderman in an attempt to criminalize free speech by accusing Exxon Mobil of “knowing” man-made global warming is “true” but suppressing that knowledge (see NY AG Targets/Accuses ExxonMobil of Lying about ‘Climate Change’). You disagree with Scheiderman on global warming, he wants to take your money away and put you in jail. As we’ve pointed out, it’s Nazi-like (see Rise of the New (Environmental) Nazis – Free Speech Under Attack). Schnedierman has convinced other state AGs to join his cackle (what a group of hyenas is called), including the far-left AG of Massachusetts, Maura Healey, and the hapless, bumbling idiot of an AG in the Virgin Islands, Claude Walker. What the cackle didn’t expect is that their prey would turn around and begin hunting them! Exxon has already stopped Mass. AG Healey (see Exxon Fights Back Against Mass. AG’s Illegal Subpoena). Now, add one more victory to Exxon’s tally: the hapless Virgin Islands AG Walker has withdraw his subpoena against the company…
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Exxon Fights Back Against Mass. AG’s Illegal Subpoena

hyenaMassachusetts Attorney General Maura Healey, New York AG Eric Schneiderman and several other Democrat AGs have ganged up like a pack a hyenas with saliva dripping from their legal fangs at the prospect of bringing down one of the biggest preys imaginable–Exxon Mobil. Healey, Schneiderman and others are making fantastical claims that Exxon “knew” that burning their evil, filthy, nasty oil and natural gas is causing Mom Earth to warm up, so they’ve been serving subpoenas to Exxon to turn over ever piece of communication the company has ever had, so they can build a case against Exxon’s free speech (see NY AG Targets/Accuses ExxonMobil of Lying about ‘Climate Change’). As we’ve previously written, these far-out libs represent the rise of the new Enviro Nazis (see Rise of the New (Environmental) Nazis – Free Speech Under Attack). The legal hyenas believe they could bring down the “beast”–stealing Exxon’s money and redistributing it to voters who will keep them in office forever. Just one little problem: Exxon isn’t playing along. The beast is not wilting, not running, not willing to give up and give in, like the legal hyenas thought it would. In fact, the beast is fighting back…
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The Carbon Crazies Turn Out at Exxon Mobil’s Annual Meeting

System ChangeThe climate changer crazies were in full regalia outside of the Dallas, TX facility where Exxon Mobil was holding its annual meeting yesterday morning. Sporting signs that said “Keep It in the Ground” and “System Change not Climate Change” (which was from “an ecosocialist coalition”) and many others, these nutjobs shouted at investors filing in to the facility. Christopher Helman, a reporter from Forbes, was on hand–both inside the meeting and outside to talk with the crazies (give that man hazard pay!). Helman files this report…
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Anti-Fossil Fuel Insanity Metastasizes in Brains of Rockefellars

Question: How did John D. Rockefeller make his billions? Answer: Oil. John Rockefeller worked hard and integrated multiple Pennsylvania refineries into a single company that eventually became Exxon Mobil–the largest oil company headquartered in the U.S. (and one of the largest in the world). As often happens with the generations that follow the one who worked so hard to establish a family fortune–the kids and grandkids and great grandkids were soft. Clueless. Everything handed to them on a silver platter. Which left their brains susceptible to the virus of liberalism–a virus that kills brain cells and renders its victims blubbering idiots. And that’s just what has become of the Rockefeller clan. How’s this for ironic? Last week the Rockefeller heirs announced they’ve sold off all remaining Exxon Mobil stock they owned because Exxon has engaged in “morally reprehensible conduct.” What kind of egregious conduct have they engaged in? Paying for prostitutes to visit drilling platforms offshore for their workers? Bulldozing neighborhoods in poor, third world countries so they can extract oil and gas? Espionage against competitors? Nope. None of those things. The “morally reprehensible conduct” is that Exxon won’t admit that mankind is causing Mom Earth to catastrophically warm up. And that, dear reader, is the highest sin that can committed against the new climate change religion. Which is why we say anti-fossil fuel insanity has fully metastasized in the brains of the Rockefeller clan…
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Exxon to Spend 25% Less in 2016, But Raises $12B to Go Shopping

ExxonMobil, the largest U.S.-based energy company and largest producer of natural gas in the U.S., released an interesting press release yesterday. In it, they divulge their high-level plans for 2016. Among those plans, the company will spend $23 billion this year, which is 25% less than what they spent last year. Exxon will start up 10 new upstream projects in 2016 and 2017, which will add an additional 450,000 oil-equivalent barrels per day to their already huge production. Exxon CEO Rex Tillerson is quoted as saying, “We are advancing several Downstream and Chemical projects to increase feedstock flexibility, produce higher-value products and expand logistics capabilities to strengthen our competitive advantage in these businesses.” Our thought: Let’s hope one of those downstream projects getting advanced this year is the Monaca, PA ethane cracker. It’s also interesting what Exxon didn’t say in yesterday’s press release: They didn’t comment on the recent $12 billion in bonds they’ve floated so they can go shopping and pick off distressed competitors and/or their assets…
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Top 20 Marcellus Drillers – Ranked by Environmental Impact

top 20Last Friday MDN brought you the news about a professor who devised a clever formula for evaluating the overall environmental impact of 20 Marcellus drillers (see Mirror Mirror on the Wall, Who’s the Best Driller of Them All?). At the time we only knew who the top and bottom companies are in the list. CONSOL Energy took top honors, while ExxonMobil was last or “least” environmentally friendly as compared with the others. We now have the entire list (below). Where does your favorite driller fall in the list?…
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ExxonMobil 2015: 50% Decline in Earnings, Thank God for Downstream

Yesterday ExxonMobil released its fourth quarter and full year 2015 update. Not a pretty picture. ExxonMobil is the largest oil and gas company headquartered in the U.S. It’s also the owner of XTO Energy–which is one of the major drillers in the Marcellus/Utica Shale. Everyone watches Exxon closely as a barometer for other oil “majors” as they’re called. Yesterday Exxon reported a 58% drop in quarterly profit for 4Q15 (over 4Q14), and a 50% decline in 2015 earnings over 2014 earnings. Capital and exploration spending was $31.1 billion in 2015, down 19% from 2014. Exxon anticipates more cuts in spending for 2016, with capital and exploration spending of $23.2 billion, a decrease of 25% from 2015 levels. The clear sentiment in the statement below is, “Thank God for downstream” (gas stations and chemical plants) which kept the company from falling even further…
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ExxonMobil: Fossil Fuels Will Produce 80% of World Energy Thru 2040

Understanding the global energy picture is helpful so we know where the shale energy piece “fits” in that picture. Each year ExxonMobil prepares an annual energy outlook. On Monday they released the 2016 ExxonMobil Outlook for Energy: A View to 2040 report (full copy embedded below). Some interesting tidbits from the report: “In 2040, oil and natural gas are expected to make up nearly 60 percent of global supplies, while nuclear and renewables will be approaching 25 percent. Oil will provide one third of the world’s energy in 2040, remaining the No. 1 source of fuel, and natural gas will move into second place.” Perhaps most astonishing (for wacko environmentalists) is this: Fossil fules–oil, natural gas and coal– will continue to meet almost 80 percent of the world’s energy needs through 2040. It is intellectual suicide to pretend so-called renewables will be able to shoulder the energy burden in our lifetime. Ain’t gonna happen. We live in a world powered by fossil energy–and THERE’S NOTHING WRONG WITH IT…
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Morningstar Outlook/Predictions for Oil & Gas in 2016 & Beyond

Morningstar, Inc. is one of, if not THE leading providers of independent investment research in North America, Europe, Australia, and Asia. Morningstar’s analysts keep a close eye on many different sectors, including the energy sector. Yesterday Morningstar published its Quarter-End Insights for the oil and gas sector, which include not only a look back at what happened, but predicts what they see coming in 2016 and beyond. Among Morningstar’s predictions: “Long-term” prices for oil will hit $70 per barrel for Brent crude and $64 per barrel for WTI. Near-term oil prices? They “could be ugly.” Morningstar recommends three specific E&Ps in which to invest. Two of them operate in the Marcellus…
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