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Author	Topic: Oil Companies Still Hiding the True Risks of Deepwater Drilling from Investors	Post a Reply Back to Topics

Gas_Eyes Champion Author Dallas Posts:2,812 Points:671,585 Joined:Mar 2011	Message Posted: Aug 6, 2012 9:41:45 AM Ignore Gas_Eyes Report Abuse Oil and gas companies are doing a terrible job of disclosing climate and deepwater drilling risks, even in light of the tragic Gulf of Mexico oil spill, according to a new report. While companies are making extensive capital investments related to climate change and deepwater drilling, they are generally failing to adequately disclose the associated risks in a manner consistent with US Securities and Exchange Commission’s (SEC) rules and growing investor expectations, according to a report co-authored by Boston-based investor coalition Ceres and advisory firm David Gardiner & Associates. The report evaluated SEC filings for the 10 largest US-listed oil and gas companies – Apache, BP, Chevron, ConocoPhillips, Eni, ExxonMobil, Marathon, Shell, Suncor and Total – none of which received an e Visit OilPrice.com for full article

Gas_Eyes

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Dallas

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Message Posted: Aug 6, 2012 9:41:45 AM

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Oil and gas companies are doing a terrible job of disclosing climate and deepwater drilling risks, even in light of the tragic Gulf of Mexico oil spill, according to a new report.

While companies are making extensive capital investments related to climate change and deepwater drilling, they are generally failing to adequately disclose the associated risks in a manner consistent with US Securities and Exchange Commission’s (SEC) rules and growing investor expectations, according to a report co-authored by Boston-based investor coalition Ceres and advisory firm David Gardiner & Associates.

The report evaluated SEC filings for the 10 largest US-listed oil and gas companies – Apache, BP, Chevron, ConocoPhillips, Eni, ExxonMobil, Marathon, Shell, Suncor and Total – none of which received an e
Visit OilPrice.com for full article

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honda0105 Champion Author Tallahassee Posts:18,818 Points:1,636,245 Joined:Nov 2008	Message Posted: Aug 9, 2012 6:00:17 AM Ignore honda0105 Report Abuse If Pig Oil's mouthpiece, OilPrice.com, is bringing this up, then it stands to reason that this is solely the tip of the iceberg.
teafortwo Champion Author Washington Posts:22,375 Points:1,412,000 Joined:Feb 2009	Message Posted: Aug 8, 2012 12:36:35 PM Ignore teafortwo Report Abuse NHLiveFree and jrsva have both made very interesting points ....
Gas_Eyes Champion Author Dallas Posts:2,812 Points:671,585 Joined:Mar 2011	Message Posted: Aug 8, 2012 8:12:14 AM Ignore Gas_Eyes Report Abuse Most of the drilling are not done by big oil companies but are farmed out to oil services companies. Big oil should disclose what they are doing.
jrsva Champion Author Virginia Posts:9,999 Points:1,639,950 Joined:Jan 2006	Message Posted: Aug 7, 2012 1:24:18 AM Ignore jrsva Report Abuse Most of the easy oil has been recovered. Drilling in deep water and other hostile places increases the cost and the risk of oil production. The sooner we have viable alternatives to petroleum fuels the better off we will all be.
us4usa Champion Author Missouri Posts:6,120 Points:1,137,585 Joined:May 2008	Message Posted: Aug 7, 2012 1:06:28 AM Ignore us4usa Report Abuse Same with car salesman/DC, still hiding the true risks...
Vette1967 Champion Author Albany Posts:6,107 Points:1,303,700 Joined:Jun 2009	Message Posted: Aug 7, 2012 12:56:01 AM Ignore Vette1967 Report Abuse They wouldn't do that.
NHLiveFree Champion Author New Hampshire Posts:11,294 Points:1,649,905 Joined:Jun 2008	Message Posted: Aug 7, 2012 12:45:18 AM Ignore NHLiveFree Report Abuse Most of the Big Oil resident shills and spin doctors are MIA on this news article. Interesting?
NHLiveFree Champion Author New Hampshire Posts:11,294 Points:1,649,905 Joined:Jun 2008	Message Posted: Aug 7, 2012 12:41:24 AM Ignore NHLiveFree Report Abuse Big Oil is right up there with Wall St and the mega Banks for a total lack of ehtics and trustworthiness!
arb0526 Champion Author Greensboro Posts:2,112 Points:437,345 Joined:Mar 2011	Message Posted: Aug 7, 2012 12:38:40 AM Ignore arb0526 Report Abuse Oil companies pray to their God in hopes it will be a banner year without government involvement
Eugenian Champion Author Oregon Posts:2,001 Points:388,855 Joined:Oct 2009	Message Posted: Aug 7, 2012 12:28:25 AM Ignore Eugenian Report Abuse Big Oil isn't telling the truth? I'm shocked! Shocked!
LCSTEELERBOB Champion Author Gary Posts:2,961 Points:720,580 Joined:Oct 2008	Message Posted: Aug 7, 2012 12:21:36 AM Ignore LCSTEELERBOB Report Abuse OIL COMPANIES ARE JUST LYING BUTT HEADS
gaswatchON Veteran Author Ontario Posts:475 Points:120,435 Joined:May 2012	Message Posted: Aug 7, 2012 12:20:23 AM Ignore gaswatchON Report Abuse I'm so surprised that the oil company's are telling a lie NOT!!! If the oil company's had to pay taxes on there lies nobody else would have to pay taxes
gem1224 Champion Author Tulsa Posts:1,541 Points:491,640 Joined:May 2011	Message Posted: Aug 7, 2012 12:20:07 AM Ignore gem1224 Report Abuse everything has risks...... DUH
pa79th Champion Author Pennsylvania Posts:1,922 Points:1,243,050 Joined:Jun 2007	Message Posted: Aug 7, 2012 12:19:51 AM Ignore pa79th Report Abuse Um, I think Deepwater Horizon showed us all the risks we need to know about.
mrinmoyd Champion Author Illinois Posts:1,095 Points:364,525 Joined:Jun 2011	Message Posted: Aug 7, 2012 12:19:46 AM Ignore mrinmoyd Report Abuse ok
crreed1 Champion Author West Virginia Posts:2,100 Points:2,550,715 Joined:May 2005	Message Posted: Aug 7, 2012 12:19:36 AM Ignore crreed1 Report Abuse ok
pumaMN Champion Author Minnesota Posts:1,593 Points:357,115 Joined:Aug 2011	Message Posted: Aug 7, 2012 12:19:22 AM Ignore pumaMN Report Abuse ok
Number43 Champion Author Lexington Posts:8,844 Points:1,664,895 Joined:Oct 2008	Message Posted: Aug 7, 2012 12:16:05 AM Ignore Number43 Report Abuse Liberals still making up LIES!
judgemobile Champion Author Ohio Posts:7,700 Points:2,471,660 Joined:Nov 2005	Message Posted: Aug 7, 2012 12:15:12 AM Ignore judgemobile Report Abuse greed lives--so is anyone really surprised ??
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Aug 7, 2012 12:14:00 AM Ignore pastorpaulcg Report Abuse Ok
Toppers Champion Author Atlanta Posts:9,147 Points:2,497,420 Joined:Mar 2005	Message Posted: Aug 7, 2012 12:13:48 AM Ignore Toppers Report Abuse No surprise
PetroScopper Champion Author Houston Posts:6,755 Points:1,576,660 Joined:Aug 2008	Message Posted: Aug 7, 2012 12:13:04 AM Ignore PetroScopper Report Abuse This comes as no real surprise to any of us, I'm sure. I think that is why they push so hard to get rid of the EPA and any other organization that will hold them to account for some of the trash they subject the American public to- far too much money and too many stupid people standing in the way... it's all about the dollars.
dky63 Veteran Author Illinois Posts:417 Points:166,965 Joined:Apr 2011	Message Posted: Aug 7, 2012 12:12:37 AM Ignore dky63 Report Abuse Big Oil Lies - ha ha ha
TBONE3 Champion Author Pennsylvania Posts:8,881 Points:2,004,125 Joined:Mar 2005	Message Posted: Aug 7, 2012 12:11:59 AM Ignore TBONE3 Report Abuse I should think the big investors already know that.
otherdave Champion Author Indiana Posts:3,535 Points:1,296,110 Joined:Oct 2008	Message Posted: Aug 7, 2012 12:11:53 AM Ignore otherdave Report Abuse Thank you Mr. Obvious!
stratlinetime Champion Author Kalamazoo Posts:2,416 Points:590,560 Joined:Feb 2011	Message Posted: Aug 7, 2012 12:11:40 AM Ignore stratlinetime Report Abuse Ok
souly Champion Author Montreal Posts:1,904 Points:459,095 Joined:Jun 2010	Message Posted: Aug 7, 2012 12:11:26 AM Ignore souly Report Abuse thanks for the post
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Aug 7, 2012 12:11:11 AM Ignore tedjm1 Report Abuse Who believes they would tell the truth? Only an idiot.
boatfloyd Champion Author Jacksonville Posts:1,858 Points:415,675 Joined:Mar 2012	Message Posted: Aug 7, 2012 12:10:12 AM Ignore boatfloyd Report Abuse It has to be dangerous.
HEBster Champion Author Kentucky Posts:8,922 Points:2,400,630 Joined:May 2006	Message Posted: Aug 7, 2012 12:09:58 AM Ignore HEBster Report Abuse Of course they are
DrCashFlow Champion Author Massachusetts Posts:7,201 Points:1,653,850 Joined:Jun 2008	Message Posted: Aug 7, 2012 12:09:17 AM Ignore DrCashFlow Report Abuse no surprise there. it's all about cash flows and stock price
Vette1967 Champion Author Albany Posts:6,107 Points:1,303,700 Joined:Jun 2009	Message Posted: Aug 7, 2012 12:08:26 AM Ignore Vette1967 Report Abuse If we only knew the truth.
LanguageMan1 Champion Author Tampa Posts:11,861 Points:1,688,515 Joined:Apr 2008	Message Posted: Aug 7, 2012 12:07:03 AM Ignore LanguageMan1 Report Abuse Wouldn't surprise me a bit.
joel27nc Champion Author Raleigh Posts:10,672 Points:1,885,095 Joined:Mar 2008	Message Posted: Aug 7, 2012 12:06:22 AM Ignore joel27nc Report Abuse Nothing new.
regout Champion Author Quebec Posts:3,090 Points:859,430 Joined:May 2010	Message Posted: Aug 7, 2012 12:03:26 AM Ignore regout Report Abuse Ok.
jem069 Champion Author Detroit Posts:2,679 Points:714,780 Joined:Jan 2011	Message Posted: Aug 7, 2012 12:02:10 AM Ignore jem069 Report Abuse Ok
cokezero All-Star Author Philadelphia Posts:830 Points:401,510 Joined:May 2009	Message Posted: Aug 7, 2012 12:01:45 AM Ignore cokezero Report Abuse ok
MDTDriver Champion Author California Posts:9,848 Points:2,180,900 Joined:Jul 2006	Message Posted: Aug 6, 2012 11:56:24 PM Ignore MDTDriver Report Abuse Nothing new here.
Saunch2012 Veteran Author Pennsylvania Posts:451 Points:113,355 Joined:May 2012	Message Posted: Aug 6, 2012 11:54:32 PM Ignore Saunch2012 Report Abuse ok
jferrara41 All-Star Author Pennsylvania Posts:598 Points:110,665 Joined:Apr 2012	Message Posted: Aug 6, 2012 11:52:28 PM Ignore jferrara41 Report Abuse ok
DandyDapple All-Star Author North Dakota Posts:715 Points:330,170 Joined:Sep 2008	Message Posted: Aug 6, 2012 11:51:51 PM Ignore DandyDapple Report Abuse they hide a lot they don't want us to know ...
J4romeo All-Star Author Gary Posts:506 Points:1,219,125 Joined:Jan 2006	Message Posted: Aug 6, 2012 11:44:15 PM Ignore J4romeo Report Abuse there are risks in every day of life!!
defiancegasman Champion Author Ohio Posts:7,099 Points:1,327,520 Joined:May 2006	Message Posted: Aug 6, 2012 11:43:59 PM Ignore defiancegasman Report Abuse BIG OIL is LIEING AGAIN??? How can that be!
Tekkersmom57 Champion Author Syracuse Posts:2,014 Points:727,915 Joined:May 2010	Message Posted: Aug 6, 2012 11:43:36 PM Ignore Tekkersmom57 Report Abuse They want us kept in the dark.
Is246 Champion Author Albuquerque Posts:1,044 Points:443,535 Joined:Apr 2011	Message Posted: Aug 6, 2012 11:42:36 PM Ignore Is246 Report Abuse Not good.
Blue48 Champion Author Illinois Posts:7,445 Points:1,665,645 Joined:Feb 2007	Message Posted: Aug 6, 2012 11:41:54 PM Ignore Blue48 Report Abuse NOT A SHOCKER!
mdskier Champion Author Maryland Posts:10,071 Points:1,809,365 Joined:Aug 2005	Message Posted: Aug 6, 2012 11:34:33 PM Ignore mdskier Report Abuse Would Oil companies ever lie? Oh, don't answer that one! [Edited by: mdskier at 8/6/2012 11:35:17 PM EST]
VernonOR Champion Author Oregon Posts:3,013 Points:758,005 Joined:Aug 2010	Message Posted: Aug 6, 2012 11:34:25 PM Ignore VernonOR Report Abuse Being truthful is something most companies are not known for.
mikaye Champion Author Cleveland Posts:3,959 Points:890,185 Joined:Jun 2010	Message Posted: Aug 6, 2012 11:33:55 PM Ignore mikaye Report Abuse they don't want anyone to know the facts
gavinON All-Star Author Toronto Posts:562 Points:112,935 Joined:Mar 2012	Message Posted: Aug 6, 2012 11:32:17 PM Ignore gavinON Report Abuse hmmm