NL-Outsidethebox [confederation]

So consumers have been looking for a ways and means to make their displeasure heard towards the price gouging oil companies. I think we have it now we just need to get the word out and for people to stand together.

http://www.cbc.ca/nl/story/nf-hebron-shelved-20060403.html

Williams, however, said the province believes ExxonMobil Properties – one of the project's four partners – does not want to develop the project.

"I'm saying to ExxonMobil right now that if you don't want to move on with this project, then we would be prepared to take you out," said Williams, who added his government is prepared to take on a greater equity stake with remaining partners.

Williams said provincial negotiators were close to reaching an equity stake of five per cent.

Williams said Monday that hopes for a negotiated deal by a March 31 deadline looked good late last week, until the companies asked for tax credits and exemption on fuel costs.

This from a company that has reported the highest profits in the history
http://money.cnn.com/2005/10/28/news/economy/windfall_tax/

On Friday Chevron (Research) became the latest big oil company to report a jump in profits for the third quarter, a day after Exxon Mobil (Research), the nation's biggest oil company, reported $9.9 billion in net earnings -- the biggest corporate profit on record.

IMHO this is a no brainer Oil and gas is a peoples resource and as such the peoples representative (GOVT) should have a stake in it's development and profits.

Offshore timeline
1979: Oil discovered at Hibernia, on the Grand Banks off Newfoundland.
Feb. 15, 1982: The Ocean Ranger drilling rig sinks in a storm; all 84 crew members killed.
March 8, 1984: Supreme Court of Canada rules Ottawa, not the Newfoundland government, has jurisdiction over offshore mineral resources.
Feb. 11, 1985: Atlantic Accord signed, providing for federal and provincial joint management of offshore resources.
Sept. 14, 1990: Government and four partners sign development agreement on Hibernia. The project is later stalled when a partner withdraws and a new one is sought.
Aug. 5, 1996: Agreement reached to develop Terra Nova oil field.
Nov. 17, 1997: Hibernia produces first oil.
April 2, 2002: An arbitrator rules in favour Newfoundland and Labrador over an offshore boundary dispute with Nova Scotia.
Jan. 20, 2002: Terra Nova produces first oil.
March 28, 2002: White Rose oil field receives regulatory approval.
Nov. 12, 2005: White Rose produces first oil.

Oh well I guess I'll be gasing up at a good Maritime company across the road Irving.

Just my little stone I'll be throwing at the goliath EXXON.


http://www.theglobeandmail.com/servlet/ArticleNews/TPStory/LAC/20060204/WILLIAMS04/TPNational/Canada
http://www.cbc.ca/nl/story/nf-hebron-clarity-20060405.html
http://www.cbc.ca/nl/story/nf-hebron-shelved-20060403.html
http://www.cbc.ca/nl/story/nf-hebron-williams-050406.html
http://www.cbc.ca/nl/story/nf-hebron-partners-050405.html
http://www.cbc.ca/nl/story/nf_hebron_2006016.html
http://stjohns.cbc.ca/template/servlet/View?filename=nfHebronA020213
http://money.cnn.com/quote/quote.html?symb=XOM
http://thinkprogress.org/2005/05/09/consumers-on-fumes-oil-industry-guzzels-profits/
http://www.usatoday.com/money/companies/earnings/2005-10-27-xom_x.htm
http://www.consumeraffairs.com/news04/2005/oil_price_probe.html

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