Friday, September 27, 2013

Destination Saudi Arabia

That is the title of a want ad by Chevron Phillips Chemical Company that appeared in the Times Picayune of 9/22 and starts off as follows:  Start your two year adventure at our S-Chem facility in Jubail, Saudi Arabia.  Chevron Phillips Chemical and its middle east affiliates offer competitive salaries, on in-country salary  uplift premium, a comprehensive benefits package, commodities and service allowence, housing, bonus potential and more.

This ad really tells a sad story.  American Oil, Gas and Chemical companies and their middle east affiliates are still tied so close together one can not separate them from the OPEC.  That is one reason America has been so dependent on middle east oil.  It is also one of the reasons why the price of a barrel of oil is manipulated and there fore relates to the high price of a gallon of gasoline.

The American Oil Industry is tied so close to middle east oil they can never be trusted to make America independent of foreign oil.  It has not happened over the years despite the billions of dollars in tax breaks granted to them.  And make no mistake the U.S. has enough oil deposits and the industry does have the technology to find, drill and produce that oil.

They are one of the most profitable industry year in and year out and yet they are untruthful in many of their pronouncements.  Their operations in Louisiana have destroyed the wetlands, the coast and the marshes and they have yet to be held accountable by Louisiana's elected officials.  They have also not repaired the damage they did like they agreed to do.

The Industry is the best example of Corporate America at its worst and the greed they represent.


This commentary written by John Lucia. 

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