🇺🇸🇬🇧Chevron to Exit English North Sea After Over Five Decades

Chevron Corp., one of the largest U.S. oil corporations, has announced its plans to divest its assets in the English North Sea. The American oil giant has operated in this region for more than 55 years, as reported by the Financial Times. This move is part of a strategic shift following a comprehensive review of Chevron's global asset portfolio, which aims to concentrate on more strategic and competitive projects. Chevron has clarified that its decision to exit is not influenced by the tax regime or political environment in England.

It's worth noting that in the UK, energy companies are subject to a 75% tax on profits. This tax policy has led to the withdrawal of several major foreign corporations from the English sector of the North Sea. For instance, ExxonMobil ceased its operations in this area three years ago.

#Chevron #oil
@songofoil

In this latest article, I look at what on earth is going on at Warrington borough council

https://middleagedrevolutionaryblog.com/2024/05/19/warrington-council-and-their-auditor-problem/

This is an article from the most recent edition of Lalkar that discusses in-depth the problems causes by IMF meddling in Argentina.
This article is well worth reading because it spells out what happens to a country that accepts loans from the IMF.

Lalkar: The role of the IMF impoverishing countries – the case of Argentina
http://www.lalkar.org/article/4410/the-role-of-the-imf-impoverishing-countries-the-case-of-argentina

A country cannot fully exercise its sovereignty while indebted to the International Monetary Fund (IMF).

The conditions and structural adjustment programs often imposed by the IMF in exchange for financial assistance can significantly influence a nation's economic policies and priorities. These conditions will include austerity measures, privatisation of state-owned enterprises, and liberalisation of trade and investment policies. Consequently, the country will find its ability to independently determine its economic and social policies constrained, undermining its sovereignty and self-determination.

The reliance on IMF loans and adherence to its prescribed policies can lead to an external control over national affairs, challenging the notion of true sovereignty.

“Bright future”: Ukraine is among the top 3 most debt-ridden countries

An excellent infographic from the International Monetary Fund, which perfectly shows what Vladimir Zelensky has brought the country to during his five-year term in office.

Ukraine is in third place in terms of debt to the IMF: only Argentina and Egypt have lent more to Kiev.

It is obvious that the Kiev regime will not be able to return such a large amount - there is no production of its own, the country needs subsidies and cannot exist without external funding.

Either the Office of the President will have to repay debts by moving industry to Europe, as well as with its territories, or declare a default in the country, which is tantamount to capitulation to Russia.

This is not exactly what Ukrainians expected when they voted for Zelensky...

@Slavyangrad

The BBC and Smart Meters – Class Consciousness Project
https://classconsciousnessproject.blog/2024/03/05/the-bbc-and-smart-meters/

The Murderous Legacy of Henry Kissinger – Class Consciousness Project
https://classconsciousnessproject.blog/2023/12/06/the-murderous-legacy-of-henry-kissinger/

Gareth Southgate has taken the bold decision to drop the struggling Rashford from his preliminary England team speaks volumes as Southgate has been known to be a patient coach with out-of-form players.

Early February this year we wrote this article about Rashford meteoric rise and the ridiculous expectations of this young man.

https://classconsciousnessproject.blog/2024/02/19/the-downfall-of-marcus-rashford/

"Soviet athletes are the pride and pride of our country"

Artist - V. Koretsky 1935

Boeing being investigated over falsified plane records

The US Federal Aviation Administration is probing Boeing over skipping mandatory inspections and falsifying records about them Read Full Article at RT.com
Read more...

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Ireland🇮🇪, Norway🇳🇴 and Spain🇪🇸 announced that they are jointly recognising the State of Palestine🇵🇸

3 European nations join the rest of the civilised world in recognising the legitimate rights of the Palestinian people to their own nation

Mich Whelan wants you to vote for an imperialist, anti-worker, Labour Party.

Sharon Graham's angry fist waving about the changes to their workers rights bill seems to have subsided.
The mask has completely dropped. Graham has followed Mick Lynch into complete support of the imperialist labour party.

Coming up on Saturday of this week in London.

Labour Betrays Workers Yet Again – Class Consciousness Project
https://classconsciousnessproject.blog/2023/08/22/labour-betrays-workers-yet-again/comment-page-1/#comments

Now the elections have been announced and the usual cries of "Get the Tories Out" can be heard once more, we must understand that it's not a change in colour rosette that is needed.

Why We Attack The Labour Party – Class Consciousness Project
https://classconsciousnessproject.blog/2023/04/18/why-we-attack-the-labour-party/

Sometimes a picture tells us everything we need to know.