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U.S. Will NOT give Exxon permission to drill in Russia

Winston

Winston

Give me convenience or give me death
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The United States will not make an exception for American companies, including oil major Exxon Mobil Corp, seeking to drill in areas prohibited by U.S. sanctions on Russia, Treasury Secretary Steven Mnuchin said on Friday.

The unusually direct statement served to clarify that the United States would maintain a tough stance on sanctions against Moscow.

"In consultation with President Donald J. Trump, the Treasury Department will not be issuing waivers to U.S. companies, including Exxon, authorizing drilling prohibited by current Russian sanctions," Mnuchin said in a statement.
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"It's good from a regulatory perspective as it provides clarity to U.S. companies, but it's also great from a foreign policy perspective," Edward Fishman, a fellow at the Atlantic Council think tank and former State Department official during the Obama administration, said of Mnuchin's statement. "Any uncertainty about the future of sanctions scares our allies and encourages Russia to prolong its aggression in Ukraine."
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UPDATE 2-U.S. will not give Exxon permission to drill in Russia | Reuters

Hmmmm.
 
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Chomsky said:
I saw this yesterday, but didn't have time to post it.

But yeah, I think I'll give Trump credit here.
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I read somewhere, although I went searching and I couldn't find it.. That Exxon has until the end of the year to begin drilling, or they lose their claim to the oil. They are running out of time.
 
Captain Adverse said:
Hmmmm, now I wonder how this will be twisted to make the Trump Administration look bad....
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We're all waiting for HuffPo to cover this story before taking an official position ;).
 
Chomsky said:
:lamo

With confirmation by the Daily Kos ...
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Exxon still has a claim to the oil. But, I think that expires at the end of the year. This is a major deal. If Trump lets the clock run out on this oil claim, that is compelling evidence that nothing nefarious is going on between Putin and Trump. My personal beliefs about the truth of what happened last summer, hinge on the sanctions being lifted, so Exxon and Rosneft can make each other richer.

Tillerson has recused himself from all matters regarding Exxon and The State Dep't.
 
Where does the gov get the authority to tell a private business where they can and cant drill outside of its borders?

Sent from my SM-G920P using Tapatalk
 
trouble13 said:
Where does the gov get the authority to tell a private business where they can and cant drill outside of its borders?

Sent from my SM-G920P using Tapatalk
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From sanctions.

The area where Exxon wants to drill is the former Ukraine. Russia invaded Ukraine, annexed Crimea, and now they want to harvest natural resources, that prior to 2014, and after the sovereignty of Ukraine was won, they did not own. That would be like Mexico invading TX and AL, and then asking Russian oil company Rosneft to come harvest the oil with them.
 
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trouble13 said:
Where does the gov get the authority to tell a private business where they can and cant drill outside of its borders?

Sent from my SM-G920P using Tapatalk
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If those companies are headquartered in the US, I'm pretty sure from some law/amendment/etc. on national interests.

But who knows.
 
Winston said:
Exxon still has a claim to the oil. But, I think that expires at the end of the year. This is a major deal. If Trump lets the clock run out on this oil claim, that is compelling evidence that nothing nefarious is going on between Putin and Trump. My personal beliefs about the truth of what happened last summer, hinge on the sanctions being lifted, so Exxon and Rosneft can make each other richer.

Tillerson has recused himself from all matters regarding Exxon and The State Dep't.
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Trump may be doing the right thing here, and politically he may have no choice.

But I delineate these actions with what may have occurred during the election. He or his may indeed have done nefarious activities back then. I don't see these actions as necessarily exonerating them.
 
Hatuey said:
If those companies are headquartered in the US, I'm pretty sure from some law/amendment/etc. on national interests.

But who knows.
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Right now, it's the sanctions. Lift the sanctions, Exxon can drill.
 
Hatuey said:
If those companies are headquartered in the US, I'm pretty sure from some law/amendment/etc. on national interests.

But who knows.
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I know there used to be laws on the books implemented after the war, and yeah the motive was national interests. We even established a strategic petroleum reserve back then.

Part of our military strategy was to destroy the Axis' Power's petroleum delivery. A mechanized army depends upon petroleum. We also strategically took out their bearing factories, limiting their abilities to replace damaged and destroyed mechanized war vehicles and other mobile war machinery.
 
apdst said:
President Trump is now anti-job and anti-economic growth.
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Yeah, about the size of it. The media coverage of Trump and his administration to date has been little more than a continual liberal / progressive butt hurt bitch fest.

Donald Trump media coverage is 89 percent negative, as first 100 days
Study Finds Mainstream Media Coverage of Trump 89% Negative ...
Honeymoon from Hell: The Liberal Media vs. President Trump

I think it exactly in their character to twist this into an attack as well.
 
Politically, I don't see how the administration could have gotten away with doing any differently. In the end, if politicians do the right thing then it doesn't really matter if it is due to conscience or political pressure. So I'll give Trump credit for making the right call.
 
eohrnberger said:
Yeah, about the size of it. The media coverage of Trump and his administration to date has been little more than a continual liberal / progressive butt hurt bitch fest.

Donald Trump media coverage is 89 percent negative, as first 100 days
Study Finds Mainstream Media Coverage of Trump 89% Negative ...
Honeymoon from Hell: The Liberal Media vs. President Trump

I think it exactly in their character to twist this into an attack as well.
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That may be true but, no one here is attacking Trump today. We're just discussing the sanctions, Russia, Exxon, Rosneft, Trump, Tillerson. If discussing news stories can be misconstrued as an attack on Trump, take it up with the behavior of the POTUS. And thus far, we've actually given Trump a kudos or two for honoring the sanctions.
 
Russia and China are pretty much the only countries in the world that don't have to answer to the western bloc, including our economic policies. It's the reason why they never get good press.
 
Winston said:
That may be true but, no one here is attacking Trump today. We're just discussing the sanctions, Russia, Exxon, Rosneft, Trump, Tillerson. If discussing news stories can be misconstrued as an attack on Trump, take it up with the behavior of the POTUS. And thus far, we've actually given Trump a kudos or two for honoring the sanctions.
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Fair enough and true. My comment was in response to apdst's post, commenting on how the media is going to twist and contort this, which is what I posted, as I agree with him.

So far, taken in total, both the administration and Tillerson have handled Russia appropriately, and the Exxon / Russia issue well (as in Tillerson recusing being any part involved between Russia and Exxon).

As another posted commented, it is the only way that the administration could handle this situation, given the political realities. This is also something that I agree with, and have expanded upon by calling the present Exxon CEO an idiot even asking for any favoritism or support from Tillerson (pretty sure he did that).
 
apdst said:
It'll be yours before long.
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Anyone against unfettered drilling is a job killer to you people, not to me.

Let's make a bet on it. You'll not see that line from me in whatever timeframe you specify, a bet of any amount of forum donations you like.
 
Deuce said:
Anyone against unfettered drilling is a job killer to you people, not to me.

Let's make a bet on it. You'll not see that line from me in whatever timeframe you specify, a bet of any amount of forum donations you like.
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Exxon going Russia to drill for oil isn't going to produce many American jobs. They'll be using Russian drilling contractors. That's how those deals are usually negotiated.
 
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