Chevron Doubles Down On LNG Bet (Arnold)

[realFedUp]

Chevron Doubles Down On LNG Bet
By Jamie Court

When ChevronTexaco announced its purchase of Unocal on April 4th, Arnold Watch noted ( http://www.arnoldwatch.org/blogs/blogs_000683.php3 ) that the purchase was a bet that Liquefied Natural Gas (LNG) would eventually be a major energy source for California and that Arnold would be its pitchman. (Particularly given Schwarzenegger Chief of Staff Pat Clarey's role as former Chevron lobbyist and the $222,200 the company has already invested in Arnold's political prospects.) Well, campaign finance reports now show that four days after the Unocal acquisition - on April 8th - Chevron dumped another $50,000 into the Team Arnold initiative fund, the misnamed "Citizens to Save California Committee." Yesterday, Chevron purchased two LNG carriers from South Korea's Samsung Heavy Industries to support growth in Chevron's LNG business. "This latest commitment provides ChevronTexaco with a flexible and competitive means of transportation to underpin the company's LNG growth strategies!
," said ChevronTexaco global gas president John Gass. The same could be said for ChevronTexaco's continued investment in Arnold and his ability to turn around his plummeting approval rating.

Read more at: http://ArnoldWatch.org

[oscar111]

1. Mr. GASS runs the gas division? LOL

for real?

[realFedUp]

2. lol

truth is funnier than fiction

[roody]

3. Chevron

Cancel your Chevron/Texaco credit cards, and tell them why!! If you are not a public employee, tell them you appreciate teachers and police and firefighters and nurses, and you do not like the governor's rotten ideas. Tell them you want to support those who care for us and teach us to read!!!