Stories tagged with "ecuador"

The Dubious Lawsuit against Chevron in Ecuador - Part 1

[Editor's note by Super G] The Oil Drum staff consists of a diverse set of voices. The story that follows is one staff member's perspective. Other perspectives on this case may be posted in the future.

Recently, a fraudulent lawsuit against Dole was dismissed. According to the WSJ,

Court cases get dismissed all the time, but rarely are dismissals as significant as the two lawsuits against Dole Food and other companies that were tossed recently by a California judge. Among other good things, the ruling is a setback for tort lawyers who troll abroad seeking dubious claims to bring in U.S. courts.

The allegations against Dole, the world's largest fruit and vegetable producer, involved banana plantation workers in Nicaragua who alleged that exposure to the pesticide DBPC in the 1970s left them sterile. The only problem is that most of the plaintiffs had not worked at plantations and weren't sterile. In fact, there's no evidence that farm workers at Dole facilities were exposed to harmful levels of the chemical -- which was legal and widely used at the time -- or that the level of exposure they did experience even causes sterility.

I recently visited Ecuador, as a guest of Chevron. Based on what I learned during that visit, it seems to me that the suit against Chevron has a fair number of similarities to the Dole suit. In this post, I will explain why I think the Chevron case is as dubious as the Dole case.

Angola Joins OPEC

The news is official — Enlarged Opec aims for high crude prices.
At a gathering in Abuja on Thursday [December 14], ministers from the 11 member countries opted to cut their production by another 500,000 barrels per day from February and accepted African producer Angola as a new member from January 1.
More details will follow below the fold but let us set the correct tone at the start.


"What did we do before?" he asked rhetorically,
alluding to the move to ramp up output in 2004 after the
aborted cut. "People don't know the trouble we go to, to
balance the market
," Mr. [Ali al-] Naimi said. "Without us,
the oil market would be chaotic
."
From OPEC's Cut Aims to Prop Up Prices.

Now that Christmas has come early, let's examine what's going on in the Organization of Petroleum Exporting Countries.

World Oil Exports: A Comprehensive Projection

[editor's note, by Prof. Goose] This is a guest post by lads.

This article is a first simplistic (but comprehensive) assessment of World Oil Exports, here defined has the total amount of liquid hydrocarbons that are surpluses in producing countries. This assessment is made by projecting in to the future fixed change rates that reflect current trends in liquids production and consumption in countries where presently the difference between the two is positive. The outcome of this assessment is worrisome.