Gem of the day

There are many, many things that could be said about Chevron's new Aids Will Lose campaign. Here's one: it's a deliberately designed PR initiative to enhance Chevron's image and distract sustainability critics, after a particularly bad year revealing Chevron and BP represent the worst risk for investors given their respective oil spill records.

Case in point is this Tweet:

On the other hand, with global oil production continuing to plateau and no new conventional reserves in sight, maybe over the next decade it's Chevron that will lose.

That must be what Ian MacDonald, a VP at Chevron meant when he said this at the latest Kurdistan-Iraq Oil & Gas conference:

"I believe all of us stand on the threshold of a great adventure."

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