Shell abandons North Slope oil leases, raising questions about the industry’s fu

RE · May 24, 2024, 08:27 PM

Quote from: TDoS on May 24, 2024, 05:33 PMIf lack of interest in Alaska beyond bieng just a summer tourist destination craters both real estate values decent paying employment, it might be a nice place to collect some retirement property.

Definitely a great spot for Alzheimer's victims to wander into the woods and get eaten by bears.

RE

TDoS · May 25, 2024, 06:05 AM

Quote from: K-Dog on May 24, 2024, 11:24 AMShell is increasing their MEOMI Money earned on money invested.

Generally referred to as IRR (internal rate of return). They don't use the word money because it sounds so...banker-ish. Oil men don't like being mistaken for money grubbing bankers at any level.

RE · May 25, 2024, 08:12 AM

Quote from: TDoS on May 25, 2024, 06:05 AM
Quote from: K-Dog on May 24, 2024, 11:24 AMShell is increasing their MEOMI Money earned on money invested.
Generally referred to as IRR (internal rate of return). They don't use the word money because it sounds so...banker-ish. Oil men don't like being mistaken for money grubbing bankers at any level.

Like the Heroin dealers in Lethal Weapon who always call it "the merchandise".

RE

RE · May 25, 2024, 08:29 AM

First Shell abandons the Slope, now 2 TBTF Banks won't underwrite bond for FF companies. Looks like finance is getting a little tighter in the Oil patch.

https://oilprice.com/Latest-Energy-News/World-News/Two-of-Europes-Biggest-Banks-to-Stop-Underwriting-Oil-and-Gas-Bonds.html

Two of Europe's Biggest Banks to Stop Underwriting Oil and Gas Bonds

RE

TDoS · May 25, 2024, 09:53 AM

Quote from: RE on May 25, 2024, 08:12 AM
Quote from: TDoS on May 25, 2024, 06:05 AM
Quote from: K-Dog on May 24, 2024, 11:24 AMShell is increasing their MEOMI Money earned on money invested.
Generally referred to as IRR (internal rate of return). They don't use the word money because it sounds so...banker-ish. Oil men don't like being mistaken for money grubbing bankers at any level.

Like the Heroin dealers in Lethal Weapon who always call it "the merchandise".

RE

Hadn't thought about it that way but....yeah....seems reasonable

RE · May 25, 2024, 10:07 AM

It's standard Orwellian "Newspeak". Substitution of more benign or positive sounding phrases for unappealing labels. Like calling anti-abortion advocates "pro-life."

RE