tyb
no war needed. This is iran trying to spike the price of oil, add in the refinery explosion in philly and they have the actors at full tilt trying to do this. Oil has not spiked, up a little but not much
Exxon's $53 billion Iraq deal hit by contract snags
Negotiations over $53 billion project to boost Iraq's oil output have been stymied by US-Iran tensions and terms of the contract that Baghdad objects to.
BAGHDAD - Just weeks ago, US energy giant ExxonMobil looked poised to move ahead with a $53 billion project to boost Iraq's oil output at its southern fields, a milestone in the company's ambitions to expand in the country.
But now a combination of contractual wrangling and security concerns, heightened by escalating tensions between Iraq's bigger neighbour Iran and the United States, has conspired to hold back a deal, according to Iraqi government officials.
The negotiations have been stymied by terms of the contract that Baghdad objects to, said four Iraqi officials involved in the discussions who spoke to Reuters on condition of anonymity due to the sensitivity of the matter.
The main sticking point, they said, was the means by which Exxon proposed to recoup its development costs, with the company aiming to share the oil produced by two fields - something Iraq opposes, saying it encroaches on state ownership of production.
One of the Iraqi negotiators said Baghdad would not sign anything with the current terms proposed by Exxon.
ExxonMobil declined to comment on the terms of the contract or the negotiations, with a spokeswoman in Texas saying: "As a matter of practice, we don't comment on commercial discussions."
The deputy oil minister for upstream affairs, Fayadh Nema, said on Wednesday that talks were ongoing and he expected a deal soon.
The negotiations have also been held up by two separate evacuations of Exxon staff from Iraq, a result of escalating regional tension between the United States and Iran.
The first was in May after hundreds of US embassy staff were sent home over unspecified security threats from Iran, which backs a number of Shiite armed groups in Iraq. The second was this week following a rocket attack thought to have targeted the company which local officials blamed on Iran-backed militias.
Tehran has not commented on the attacks, but the evacuations highlighted the persistent instability in Iraq that is hindering business, fuelled by the US-Iran tensions.
Iraq is one of the only nations in the world to have friendly relations with both Washington and Tehran; the arch-enemies are its two biggest allies and Baghdad is caught in the middle as they vie for influence in the country.
Many Iraqi officials say the stalling of talks with Exxon and disruptions to its staffing point to the limits of American power in Iran's smaller neighbour, and that US-Iran tensions have led to a series of security incidents including unclaimed attacks on oil tankers in the Gulf.
"Exxon pulled its staff from Iraq in response to regional unrest. The question is how they will run a $53 billion project with constant regional instability," said an Iraqi oil official who oversees foreign companies' operations in the south. "They might abandon work again and that will hurt our energy sector."
Contract wrangles
Iraq is the second-largest oil exporter in OPEC and has long-term aims to boost output curtailed by decades of war and sanctions. Such projects are among the most valuable prizes in the world for international oil companies.
https://middle-east-online.com/en/exxons-53-billion-iraq-deal-hit-contract-snags
you would be correct…'former' but they are like the C_A, you never retire until you get the pine box
knock this shit off faggot
Kellogg Family Trust sold $5.49m in shares-June 20
Logo Kellogg
Kellogg is the world leader of the production and the marketing of cereal for breakfast.
Net sales break down by family products as follows:
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snacks (50.2%): biscuits, pastries, cereal bars, waffles, etc. sold under the Kellogg's, Keebler, Cheez-It, Murray, Austin and Famous Amos brands;
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cereals (38.4%): primarily Kellogg's brand;
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frozen products (11.4%).
Net sales break down geographically as follows: the United States (50.4%), North America (13.7%), Europe (17.7%), Latin America (11.2%) and Asia/Pacific (7%).
https://www.marketscreener.com/KELLOGG-13226/company/
https://www.secform4.com/insider-trading/55067.htm
The W. K. Kellogg Foundation was founded in June 1930 as the W. K. Kellogg Child Welfare Foundation by breakfast cereal pioneer Will Keith Kellogg.
In 1934, Kellogg donated more than $66 million in Kellogg Company stock and other investments to the W. K. Kellogg Trust (equivalent to $990 million in 2018[1]).
As with other endowments, the yearly income from this trust funds the foundation.
In the early 21st century, the foundation is the seventh largest philanthropic foundation in the U.S. In 2005, the foundation reported that the total assets of the foundation
and its trust were US$7.3 billion; about US$5.5 billion of this was in Kellogg Company stock. The foundation funded US$243 million in grants and programs in its 2005 fiscal year.
82% of this was spent in the United States; 9% in southern Africa; and 9% in Latin America and the Caribbean.
In 1996, it supplied a multi-year grant worth $750,000 ($1.13 million in 2018 dollars)
to start mass salt fluoridation programs which were then carried out by the Pan American Health Organization (PAHO), covering 350 million people in Bolivia, Dominican Republic, Honduras, Nicaragua, Panama, and Venezuela.
The project was part of a multi-year plan launched by PAHO in 1994 to "fluoridate the entire Region of the Americas".
More recently, they have provided funding for HealthCorps to prevent childhood obesity by encouraging students to take personal responsibility for their health and wellness.
https://en.wikipedia.org/wiki/W._K._Kellogg_Foundation
it's not working with regards to the oil trade.
https://www.dailyfx.com/crude-oil
wholesale gas prices not updates yet
still on 6/20 prices
Gasoline (RBOB)
($/gallon)
NY Harbor 1.80 +2.6
Gulf Coast 1.76 +3.7
Los Angeles 1.77 +2.7
https://www.eia.gov/todayinenergy/prices.php
we pay up our ass for gas. Torrance/Carson/Richmond-up north- all used in concert to keep prices high. Saw $5.05 then by a certain horse racing track bit south of pendy.