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Oil Companies Still Hiding the True Risks of Deepwater Drilling from Investors

OilPrice.com -- Oil and gas companies are doing a terrible job of disclosing climate and deepwater drilling risks, even in light of the tragic Gulf of Mexico oil spill, according to a new report.

While companies are making extensive capital investments related to climate change and deepwater drilling, they are generally failing to adequately disclose the associated risks in a manner consistent with US Securities and Exchange Commission’s (SEC) rules and growing investor expectations, according to a report co-authored by Boston-based investor coalition Ceres and advisory firm David Gardiner & Associates.

The report evaluated SEC filings for the 10 largest US-listed oil and gas companies – Apache, BP, Chevron, ConocoPhillips, Eni, ExxonMobil, Marathon, Shell, Suncor and Total – none of which received an e

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Submitted Aug 06, 2012 By: Gas_Eyes
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Companies Still Hiding the True Risks of Deepwater Drilling from Investors Post a Reply Back to Topics
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honda0105
Champion Author Tallahassee

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Message Posted: Aug 9, 2012 5:00:17 AM
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If Pig Oil's mouthpiece, OilPrice.com, is bringing this up, then it stands to reason that this is solely the tip of the iceberg.
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teafortwo
Champion Author Washington

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Message Posted: Aug 8, 2012 11:36:35 AM
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NHLiveFree and jrsva have both made very interesting points ....
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Gas_Eyes
Champion Author Dallas

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Message Posted: Aug 8, 2012 7:12:14 AM
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Most of the drilling are not done by big oil companies but are farmed out to oil services companies. Big oil should disclose what they are doing.
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jrsva
Champion Author Virginia

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Message Posted: Aug 7, 2012 12:24:18 AM
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Most of the easy oil has been recovered. Drilling in deep water and other hostile places increases the cost and the risk of oil production. The sooner we have viable alternatives to petroleum fuels the better off we will all be.
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us4usa
Champion Author Missouri

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Message Posted: Aug 7, 2012 12:06:28 AM
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Same with car salesman/DC, still hiding the true risks...
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Vette1967
Champion Author Albany

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Message Posted: Aug 6, 2012 11:56:01 PM
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They wouldn't do that.
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NHLiveFree
Champion Author New Hampshire

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Message Posted: Aug 6, 2012 11:45:18 PM
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Most of the Big Oil resident shills and spin doctors are MIA on this news article. Interesting?
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NHLiveFree
Champion Author New Hampshire

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Message Posted: Aug 6, 2012 11:41:24 PM
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Big Oil is right up there with Wall St and the mega Banks for a total lack of ehtics and trustworthiness!
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arb0526
Champion Author Greensboro

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Message Posted: Aug 6, 2012 11:38:40 PM
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Oil companies pray to their God in hopes it will be a banner year without government involvement
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Eugenian
Champion Author Oregon

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Message Posted: Aug 6, 2012 11:28:25 PM
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Big Oil isn't telling the truth? I'm shocked! Shocked!
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LCSTEELERBOB
Champion Author Gary

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Message Posted: Aug 6, 2012 11:21:36 PM
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OIL COMPANIES ARE JUST LYING BUTT HEADS
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gaswatchON
Veteran Author Ontario

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Message Posted: Aug 6, 2012 11:20:23 PM
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I'm so surprised that the oil company's are telling a lie NOT!!!
If the oil company's had to pay taxes on there lies nobody else would have to pay taxes
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gem1224
Champion Author Tulsa

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Message Posted: Aug 6, 2012 11:20:07 PM
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everything has risks...... DUH
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pa79th
Champion Author Pennsylvania

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Message Posted: Aug 6, 2012 11:19:51 PM
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Um, I think Deepwater Horizon showed us all the risks we need to know about.
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mrinmoyd
Champion Author Illinois

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Message Posted: Aug 6, 2012 11:19:46 PM
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ok
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crreed1
Champion Author West Virginia

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Message Posted: Aug 6, 2012 11:19:36 PM
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ok
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pumaMN
Champion Author Minnesota

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Message Posted: Aug 6, 2012 11:19:22 PM
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ok
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Number43
Champion Author Lexington

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Message Posted: Aug 6, 2012 11:16:05 PM
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Liberals still making up LIES!
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judgemobile
Champion Author Ohio

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Message Posted: Aug 6, 2012 11:15:12 PM
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greed lives--so is anyone really surprised ??
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pastorpaulcg
Champion Author Virginia

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Message Posted: Aug 6, 2012 11:14:00 PM
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Ok
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Toppers
Champion Author Atlanta

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Message Posted: Aug 6, 2012 11:13:48 PM
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No surprise
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PetroScopper
Champion Author Houston

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Message Posted: Aug 6, 2012 11:13:04 PM
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This comes as no real surprise to any of us, I'm sure. I think that is why they push so hard to get rid of the EPA and any other organization that will hold them to account for some of the trash they subject the American public to- far too much money and too many stupid people standing in the way... it's all about the dollars.
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dky63
Veteran Author Illinois

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Message Posted: Aug 6, 2012 11:12:37 PM
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Big Oil Lies - ha ha ha
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TBONE3
Champion Author Pennsylvania

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Message Posted: Aug 6, 2012 11:11:59 PM
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I should think the big investors already know that.
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otherdave
Champion Author Indiana

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Message Posted: Aug 6, 2012 11:11:53 PM
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Thank you Mr. Obvious!
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stratlinetime
Champion Author Kalamazoo

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Message Posted: Aug 6, 2012 11:11:40 PM
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Ok
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souly
Champion Author Montreal

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Message Posted: Aug 6, 2012 11:11:26 PM
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thanks for the post
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tedjm1
Champion Author New York

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Message Posted: Aug 6, 2012 11:11:11 PM
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Who believes they would tell the truth? Only an idiot.
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boatfloyd
Champion Author Jacksonville

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Message Posted: Aug 6, 2012 11:10:12 PM
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It has to be dangerous.
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HEBster
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Message Posted: Aug 6, 2012 11:09:58 PM
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Of course they are
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DrCashFlow
Champion Author Massachusetts

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Message Posted: Aug 6, 2012 11:09:17 PM
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no surprise there. it's all about cash flows and stock price
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Vette1967
Champion Author Albany

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Message Posted: Aug 6, 2012 11:08:26 PM
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If we only knew the truth.
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LanguageMan1
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Message Posted: Aug 6, 2012 11:07:03 PM
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Wouldn't surprise me a bit.
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joel27nc
Champion Author Raleigh

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Message Posted: Aug 6, 2012 11:06:22 PM
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Nothing new.
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regout
Champion Author Quebec

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Message Posted: Aug 6, 2012 11:03:26 PM
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Ok.
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jem069
Champion Author Detroit

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Message Posted: Aug 6, 2012 11:02:10 PM
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Ok
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cokezero
All-Star Author Philadelphia

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Message Posted: Aug 6, 2012 11:01:45 PM
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ok
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MDTDriver
Champion Author California

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Message Posted: Aug 6, 2012 10:56:24 PM
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Nothing new here.
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Saunch2012
Veteran Author Pennsylvania

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ok
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jferrara41
All-Star Author Pennsylvania

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ok
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DandyDapple
All-Star Author North Dakota

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Message Posted: Aug 6, 2012 10:51:51 PM
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they hide a lot they don't want us to know ...
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J4romeo
All-Star Author Gary

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Message Posted: Aug 6, 2012 10:44:15 PM
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there are risks in every day of life!!
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defiancegasman
Champion Author Ohio

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Message Posted: Aug 6, 2012 10:43:59 PM
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BIG OIL is LIEING AGAIN??? How can that be!
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Tekkersmom57
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Message Posted: Aug 6, 2012 10:43:36 PM
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They want us kept in the dark.
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Is246
Champion Author Albuquerque

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Message Posted: Aug 6, 2012 10:42:36 PM
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Not good.
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Blue48
Champion Author Illinois

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Message Posted: Aug 6, 2012 10:41:54 PM
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NOT A SHOCKER!
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mdskier
Champion Author Maryland

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Message Posted: Aug 6, 2012 10:34:33 PM
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Would Oil companies ever lie?

Oh, don't answer that one!

[Edited by: mdskier at 8/6/2012 11:35:17 PM EST]
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VernonOR
Champion Author Oregon

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Message Posted: Aug 6, 2012 10:34:25 PM
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Being truthful is something most companies are not known for.
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mikaye
Champion Author Cleveland

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Message Posted: Aug 6, 2012 10:33:55 PM
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they don't want anyone to know the facts
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gavinON
All-Star Author Toronto

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Message Posted: Aug 6, 2012 10:32:17 PM
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hmmm
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