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Old 04-19-2017, 09:51 PM
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Default Forget Sanctions: Exxon Would Like Access to Russian Oil Anyway



With the simple submission of a technical sanctions waiver, oil giant Exxon Mobil created a potential PR headache for the White House. On Wednesday, the Wall Street Journal reported Exxon is seeking a greenlight from the U.S. government to bypass sanctions on Russia and resume doing business with the country’s state-owned oil giant Rosneft.

It’s hard to imagine how the optics could be worse. One of the biggest of the many scandals plaguing Trump’s White House is the FBI investigation into whether his campaign coordinated with Russian intelligence to tip the election in his favor. An unverified dossier alleges that Rosneft may have played a role in the Russian election meddling. And Secretary of State Rex Tillerson happens to be the former Exxon CEO — who before becoming America’s top diplomat had lobbied the Obama administration to ease sanctions that hamstrung Exxon’s business in Russia.

The State Department is one of several government agencies that will oversee Exxon’s waiver application, though a State Department spokesman told the Wall Street Journal Tillerson (who received the Russian Order of Friendship in 2013) is recusing himself from any decisions relating to Exxon for two years.

The sanctions were put in place in 2014, after Russia annexed Crimea. The sanctions prevent U.S. companies from dealings with Rosneft involving technology transfer, and also target Rosneft chief — and Putin confidant — Igor Sechin.

Under Tillerson’s leadership, Exxon paid hundreds of thousands of dollars to lobbying groups to argue against U.S. sanctions and he personally met with senior Obama White House officials a dozen times to discuss sanctions on Russia (though he assured Congressional leaders at his confirmation hearing in January he “never lobbied against sanctions personally” and “to [his] knowledge, Exxon never directly lobbied against sanctions.”) Exxon figures the sanctions, which have forestalled exploration in places like the Russian Arctic, cost it at least $1 billion.

Exxon is apparently trying to get U.S. permission to drill in the Russian Black Sea; if it doesn’t drill an exploratory well this year, it could lose the concession. But existing sanctions aside, Exxon’s efforts now to get access to deepwater, offshore oil fields is a little curious given the big global oil supply glut and still-cheap prices. Deepwater projects, like the one Exxon is trying to get going, generally need oil prices closer to $70 a barrel to be economic; crude oil has spent months in the $50 a barrel range. (Exxon’s other sanctions-stalled project with Rosneft, in the chilly Kara Sea, would be an even dicier proposition at these prices.)

But under the terms of its agreement with Rosneft, Exxon’s Black Sea play could expire if it doesn’t act soon, so it presumably wants to keep the proverbial pilot light on so they’re ready to pounce when prices rebound.

Another reason could be sheer competitive pressure. The European Union is granting sanctions waivers to its own companies, including Italian oil company Eni, to explore cooperation with Russia in the Black and Barents Seas, even while the sanctions freeze out U.S. firms.

“Exxon is worried it could get boxed out of the Black Sea by the Italians,” one person briefed on the Exxon waiver told the Journal.

https://www.yahoo.com/news/forget-sa...205200454.html
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Old 04-20-2017, 09:06 AM
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Default Re: Forget Sanctions: Exxon Would Like Access to Russian Oil Anyway

More fake news and another phony scandal based on the phony dossier. Anti Trump hate mongers conveniently refer to the dossier as "unverified" then treat it as gospel. Tllerson recuses himself from all State department dealings with his former company but it is all a big scandal.
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Old 04-20-2017, 09:20 AM
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Default Re: Forget Sanctions: Exxon Would Like Access to Russian Oil Anyway

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Originally Posted by Mikeyy View Post


With the simple submission of a technical sanctions waiver, oil giant Exxon Mobil created a potential PR headache for the White House. On Wednesday, the Wall Street Journal reported Exxon is seeking a greenlight from the U.S. government to bypass sanctions on Russia and resume doing business with the country’s state-owned oil giant Rosneft.

It’s hard to imagine how the optics could be worse. One of the biggest of the many scandals plaguing Trump’s White House is the FBI investigation into whether his campaign coordinated with Russian intelligence to tip the election in his favor. An unverified dossier alleges that Rosneft may have played a role in the Russian election meddling. And Secretary of State Rex Tillerson happens to be the former Exxon CEO — who before becoming America’s top diplomat had lobbied the Obama administration to ease sanctions that hamstrung Exxon’s business in Russia.

The State Department is one of several government agencies that will oversee Exxon’s waiver application, though a State Department spokesman told the Wall Street Journal Tillerson (who received the Russian Order of Friendship in 2013) is recusing himself from any decisions relating to Exxon for two years.

The sanctions were put in place in 2014, after Russia annexed Crimea. The sanctions prevent U.S. companies from dealings with Rosneft involving technology transfer, and also target Rosneft chief — and Putin confidant — Igor Sechin.

Under Tillerson’s leadership, Exxon paid hundreds of thousands of dollars to lobbying groups to argue against U.S. sanctions and he personally met with senior Obama White House officials a dozen times to discuss sanctions on Russia (though he assured Congressional leaders at his confirmation hearing in January he “never lobbied against sanctions personally” and “to [his] knowledge, Exxon never directly lobbied against sanctions.”) Exxon figures the sanctions, which have forestalled exploration in places like the Russian Arctic, cost it at least $1 billion.

Exxon is apparently trying to get U.S. permission to drill in the Russian Black Sea; if it doesn’t drill an exploratory well this year, it could lose the concession. But existing sanctions aside, Exxon’s efforts now to get access to deepwater, offshore oil fields is a little curious given the big global oil supply glut and still-cheap prices. Deepwater projects, like the one Exxon is trying to get going, generally need oil prices closer to $70 a barrel to be economic; crude oil has spent months in the $50 a barrel range. (Exxon’s other sanctions-stalled project with Rosneft, in the chilly Kara Sea, would be an even dicier proposition at these prices.)

But under the terms of its agreement with Rosneft, Exxon’s Black Sea play could expire if it doesn’t act soon, so it presumably wants to keep the proverbial pilot light on so they’re ready to pounce when prices rebound.

Another reason could be sheer competitive pressure. The European Union is granting sanctions waivers to its own companies, including Italian oil company Eni, to explore cooperation with Russia in the Black and Barents Seas, even while the sanctions freeze out U.S. firms.

“Exxon is worried it could get boxed out of the Black Sea by the Italians,” one person briefed on the Exxon waiver told the Journal.

https://www.yahoo.com/news/forget-sa...205200454.html
If we are to believe the WSJ, Exxon asked. That doesn't mean that Exxon gets. Several departments must sign off.

This is a non story.
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Old 04-20-2017, 10:44 AM
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Default Re: Forget Sanctions: Exxon Would Like Access to Russian Oil Anyway

I can't read the last two posts but I would bet money it's A OK with them.
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Old 04-20-2017, 10:54 AM
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Default Re: Forget Sanctions: Exxon Would Like Access to Russian Oil Anyway

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I can't read the last two posts but I would bet money it's A OK with them.
Once again the King of the Ignore List lies. It is not that he cannot read others posts because he is afraid to so he places us on the ignore list. Then he whines about comments he has chosen to ignore.
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Old 04-20-2017, 09:06 PM
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Default Re: Forget Sanctions: Exxon Would Like Access to Russian Oil Anyway

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Originally Posted by AZRWinger View Post
More fake news and another phony scandal based on the phony dossier. Anti Trump hate mongers conveniently refer to the dossier as "unverified" then treat it as gospel. Tllerson recuses himself from all State department dealings with his former company but it is all a big scandal.
What's fake about that report?
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Old 04-20-2017, 09:07 PM
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Default Re: Forget Sanctions: Exxon Would Like Access to Russian Oil Anyway

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I can't read the last two posts but I would bet money it's A OK with them.
YEA!its two of our contingent of putin humpers.
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Old 04-20-2017, 11:04 PM
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Default Re: Forget Sanctions: Exxon Would Like Access to Russian Oil Anyway

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Originally Posted by AZRWinger View Post
More fake news and another phony scandal based on the phony dossier. Anti Trump hate mongers conveniently refer to the dossier as "unverified" then treat it as gospel. Tllerson recuses himself from all State department dealings with his former company but it is all a big scandal.
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What's fake about that report?
Are you kidding?...

1) The retired British intel guy who wrote the dossier was being paid by an anti-Trump opposition research firm...

2) In his dossier, he made a claim that Trump campaigner Michael Cohen went to Prague to have a meeting with Russian operatives...The passport proof he used was from a DIFFERENT Michael Cohen and Trump's Cohen has never been to Prague....

3) It's been already defined as a "garbage document" that should have never been shown to the Obama and Trump administrations due to it's lack of credibility...



BUT!!!!....

There are two other points that need to be made...

1) Someone in the Obama Administration (or even Obama himself) decided "Hey! We can use this dossier as a loophole to get a FISA warrant!! Judges never deny them!!!...

(This was after many in the media and Obama staffers were yelling FISA warrants were NEVER given to the Obama Administration having to do anything with Trump campaign surveillance)...

2) The dossier was LEAKED to the media...That is a felony (that the Left wishes would go away because political leaks that advantageous to their ideology are OK even if it destroys national security and confidence in the intelligence community...
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Old 04-20-2017, 11:23 PM
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Default Re: Forget Sanctions: Exxon Would Like Access to Russian Oil Anyway

After all these years I am still amazed at the hate for Obama. The accusations against him that are not close to being in his character. Your hate for Obama is truly deep. Like a sickness.

Quote:
Originally Posted by cnredd View Post
Are you kidding?...

1) The retired British intel guy who wrote the dossier was being paid by an anti-Trump opposition research firm...

2) In his dossier, he made a claim that Trump campaigner Michael Cohen went to Prague to have a meeting with Russian operatives...The passport proof he used was from a DIFFERENT Michael Cohen and Trump's Cohen has never been to Prague....

3) It's been already defined as a "garbage document" that should have never been shown to the Obama and Trump administrations due to it's lack of credibility...



BUT!!!!....

There are two other points that need to be made...

1) Someone in the Obama Administration (or even Obama himself) decided "Hey! We can use this dossier as a loophole to get a FISA warrant!! Judges never deny them!!!...

(This was after many in the media and Obama staffers were yelling FISA warrants were NEVER given to the Obama Administration having to do anything with Trump campaign surveillance)...

2) The dossier was LEAKED to the media...That is a felony (that the Left wishes would go away because political leaks that advantageous to their ideology are OK even if it destroys national security and confidence in the intelligence community...
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Old 04-21-2017, 08:05 AM
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Default Re: Forget Sanctions: Exxon Would Like Access to Russian Oil Anyway

Putin and Tillerson talked privately for two hours last week in Moscow.

Wonder what the topic was?

A) removing sanctions
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