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Tillerson CEO of ExxonMobil had a total compensation of approximately $27.2 million for 2015. His base salary for 2016 was increased by $120,000. Compare this to the US Secretary of State Salary of $205,700, which pays less than 1/100th of his ExxonMobil compensation.

Tillerson was recommended by some of the cast of Bush administration characters, arguably criminals, who contributed to getting the US to go to war in Iraq and who still think it was a great idea. Should Trump be following their advice? One need only look at the Veteran involved in the recent US Fort Lauderdale airport shooting to see that the war was detrimental to the mental and physical health of Americans, as well as Iraqis. And, why wouldn’t the VA help him? These people are happy to damage the minds, bodies and souls of people but never willing to help after the fact. Boy Scout victims of pedophiles (for almost 100 years) also suffer from post-traumatic stress. At the minimum, Tillerson was involved in cover-up of this by refusing to release documents without a court order. Where is their psychiatric care? Due to failure to produce information about his leadership locations with timeline and continued hiding of documents, it is impossible to ascertain his role in the Boy Scout sex abuse scandal where even Cub Scouts were assaulted.
Chicken Kiev public domain via Wikipedia
What must be Condi Rice’s fav dish – Chicken Kiev, followed by what should be Putin’s fav dish, Poutine
Poutine Public Domain via Wikipedia
As reported by Exxon to the US SEC:
In 2014, the European Union and United States imposed sanctions relating to the Russian energy sector. With respect to the foregoing, each joint venture continues to comply with all applicable laws, rules and regulations. The Corporation’s maximum before-tax exposure to loss from these joint ventures as of December 31, 2015, is $1.0 billion.https://www.sec.gov/Archives/edgar/data/34088/000003408816000065/xom10k2015.htm

The joint venture was with Rosneft, “an integrated oil company majority owned by the Government of Russia.https://en.wikipedia.org/wiki/Rosneft

Who recommended Tillerson to Trump? First Condoleezza Rice, followed up by Robert Gates. His nomination was reportedly advocated by Steve Bannon and Jared Kushner. Tillerson has had close ties to Russian President Putin “since Tillerson represented Exxon’s interests in Russia” under Russian President Boris Yeltsin. Tillerson is reportedly a friend of Ignor Sechin, as well. Sechin is “leader of the Kremlin’s Siloviki faction who is ‘widely believed to be Russia’s second-most powerful person’ after President Putin“. The 2011 ExxonMobil agreement with Russia to drill in the Arctic, signed by Tillerson is believed to be worth as much as $300 billion (or more). Sanctions against Russia disrupted their work. https://en.wikipedia.org/wiki/Rex_Tillerson. Apart from environmental considerations, more oil and gas drilling lowers the cost per barrel, so that the land-owner gets almost nothing. The money would appear to be in the refining, if the price of crude oil stays low and gas (petrol) prices high. Or something else is going on. The something else appears to be that the Russian Government owned Rosneft agreements with ExxonMobil create a petroleum megacartel once sanctions are lifted. Glencore, led by Tony Hayward of BP oil spill infamy, just bought almost 20% of Rosneft. And, BP appears to still own almost 20% of Rosneft. Not only does this Rosneft-ExxonMobil Megacartel want to drill the Arctic, but the deepwater Gulf of Mexico. They seem to be still working together at Sakhalin despite sanctions. Perhaps most important is that Tillerson’s nomination made Exxon Mobil stock jump in value.

Rice Hadley Gates SOS California
Who is Anna Manuel listed here? A less well known partner. She was part of the team on the US-India civilian nuclear con, and, much more:

Condi Rice wrote the “Chicken Kiev Speech”, which was interpreted as urging the Ukraine to stay in the Soviet Union: “The Chicken Kiev speech[1] is the nickname for a speech given by the United Statespresident George H. W. Bush in Kiev, Ukraine, on August 1, 1991, months before a December referendum in which Ukrainians voted to withdraw from the Soviet Union, in which Bush cautioned against “suicidal nationalism”.[2] The speech was written by Condoleezza Rice—later Secretary of State under President George W. Bush—when she was in charge of Soviet and Eastern European affairs for the first President Bush.[3] It outraged Ukrainian nationalists and American conservatives, with the conservative New York Times columnist William Safire calling it the “Chicken Kievspeech” in protest at what he saw as its “colossal misjudgment”.[4]…” Read more here: https://en.wikipedia.org/wiki/Chicken_Kiev_speech

Excerpted from the “Right Wing” Cato Institute.org:
FEBRUARY 4, 2014 11:14AM Hadley and Gates on Iraq
By CHRISTOPHER A. PREBLE Former Bush national security adviser Stephen Hadley took to the Wall Street Journal’s op ed pages last week to try to make the case that the Iraq war was worth fighting… Hadley does not contend that Hussein had a functioning nuclear weapons program (in contrast to Condoleezza Rice’s warning that “we don’t want the smoking gun to be a mushroom cloud”; or Bush’s famous “sixteen words” about Iraqi yellowcake), and Hadley’s prediction that Hussein would have restarted one after 2005 is purely speculative, and ignores the possibility that Iran restarted its program in response to the U.S. invasion. Hadley’s bottom line, however, is the same as Cheney, Rice, and Bush’s: the war was worth fighting… The Iraq surge also failed to turn around public sentiment toward the war here in the United States. Americans opposed the war when Bush announced the surge in January 2007. They opposed the war a year later, and by the same margin. (Gallup asks: Was the war a mistake? Pew: Was it the right or wrong decision?) Even today, more than seven years after the surge, the majority of Americans do not believe that the war was worth fighting… I tend to agree with Jeremy Lott: If American politicians–but Republicans, especially–can’t get on the same page with the American people when it comes to the signature foreign policy of the first decade of the 21st century, then those same politicians shouldn’t expect to be taken seriously on a host of other issues.
” Creative Commons, BY-NC: https://www.cato.org/blog/hadley-gates-iraq.

The more oil and gas which is pumped out of the ground, the lower the price, so the environment will be destroyed with little financial benefit to the landowner and environmental destruction to be expected, especially with fracking. ExxonMobil is active around the world already: https://en.wikipedia.org/wiki/ExxonMobil. If Exxon drops US operations and only drills in Russia then it would be a benefit to the US environment to the detriment of the Russian environment. They must intend to make money in the refining or have something else up their sleeves for which this is a cover, such as jacking up the price of stock.

Regardless, those European countries who do not wish to fall to Russia as Crimea did, should be very concerned by the Tillerson appointment. Now many western European countries have significant, and wealthy, Russian minorities who can cry help help to Putin, although those countries geographically closest to Russia should be the most concerned. See: https://miningawareness.wordpress.com/2017/01/08/nazi-pact-with-russia-the-devils-alliance-hitlers-pact-with-stalin-1939-41-review/

Given the shockingly short memories of many Americans, now days Condi Rice is better known as a U. of Denver co-Alumnus of Monica Petersen, who died or disappeared in Haiti. Rice used to be better known as the person who tutored Bush II on foreign policy, and a Stanford Provost. Stanford was best known for its ties to the CIA and military industrial complex. Instead of holding the Bush Administration responsible for its crimes, as might be expected, the blogosphere is blaming the Clintons and Obama for every evil which ever occurred in the world, while totally forgetting the Bushes. How much does this have to do with Robert Mercer pumping millions of dollars to oppose Hillary? How much to do with Putin pumping out propaganda? How much is truth? Or was it one of the oldest tricks in the book: accusing the Clintons and entourage of what the Trump administration is?

A Jan. 16, 2001 Chevron Press Release stated that “Condoleezza Rice, a Chevron Corp. director since 1991, resigned from the company’s board, effective Jan. 15. Rice was named President-elect George W. Bush’s national security adviser-designate.” That is Bush II. She wrote the “Chicken Kiev” speech for Bush I in 1991, which appeared to suggest that the Ukraine should not get its independence. (See below)

Either Condi Rice was too lazy or illiterate to read even a small article about Iraq’s history or about Baathism, or she is lacking in analytical skills, or she lied and deceived to push the US into a costly and senseless war – not only financially but in cost to human life. We know that she had access to Encyclopedias due to her association with universities. However, if she is an illiterate Ph.D. she would not be unique. If one examines the work attributed to her co-alumnus Monica Petersen, Rice’s apparent lack of academic rigor-intellectual acumen should come as no surprise either. In the run-up to the Iraq war, on CNN, Rice spouted the following re Iraq: “We don’t want the smoking gun to be a mushroom cloud.” https://en.wikipedia.org/wiki/White_House_Iraq_Group

Many people in the US, Britain, and around the world, saw through the lies and protested against these senseless wars. At least some who had lived through Bush I knew what to expect from Bush II and fought like hell to keep Bush II out and get Gore in. Nonetheless, the Bush Administration benefitted from the combination of lack of access to encyclopedias, and widespread lazy allergy to reading, found among large sectors of the American public and so did initially have some popular support.

Of course, Chevron benefitted from the Iraq War, as a quick internet search makes clear. How much did it cost the American public strictly from a government perspective: “total spending for U.S. operations in Iraq and Afghanistan and other activities related to the war on terrorism would amount to between $1.2 trillion and $1.7 trillion for fiscal years 2001 through 2017.” (US CBO)

Click to access 10-24-costofwar_testimony.pdf

That excludes the human cost. And, the US government is too cheap to even buy a hypoallergenic dog for this soldier – a kind soul had to donate it: “Once a Soldier, Babb served two lengthy deployments during Operation Iraqi Freedom as a transportation specialist. He now struggles with post-traumatic stress disorder and a traumatic brain injury sustained overseas.”I lost some great friends in-country and at war,” he said. “I want them to be remembered.” (US Mil, Former Soldier’s service dog offers sign of hope, compassion By John Budnik (USACE) December 13, 2016)

Starting in 2004, around a dozen Rockefeller descendants put forth several shareholder resolutions urging Exxon to invest in renewable energy. So, don’t blame the Rockefellers for this. Read: https://www.theguardian.com/environment/2015/mar/27/rockefeller-family-tried-and-failed-exxonmobil-accept-climate-change

Exxon Mobil claimed $1 billion of losses for 2015 due to the sanctions against Russia:
ExxonMobil’s net acreage holdings in Sakhalin at year-end 2015 were 85 thousand acres, all offshore. A total of 1.5 net development wells were completed. The Arkutun-Dagi project started up, and development activities continued on the Odoptu Stage 2 project in 2015./ At year-end 2015, ExxonMobil’s net acreage in the Rosneft joint venture agreements for the Kara, Laptev, Chukchi and Black Seas was 63.6 million acres, all offshore. ExxonMobil and Rosneft formed a joint venture to evaluate the development of tight-oil reserves in western Siberia in 2013. Refer to the relevant portion of “Note 7: Equity Company Information” of the Financial Section of this report for additional information on the Corporation’s participation in Rosneft joint venture activities…. Iraq At year-end 2015, ExxonMobil’s onshore acreage was 0.6 million net acres. West Qurna Phase 1 oil field rehabilitation activities continued during 2015 and across the life of this project will include drilling of new wells, working over of existing wells, and optimization and debottlenecking of existing facilities. In the Kurdistan Region of Iraq, after operations were temporarily suspended due to security concerns in the region during 2014, ExxonMobil resumed its seismic program and exploration drilling in 2015, with 1.6 net exploration wells completed during the year… In 2013 and 2014, the Corporation and Rosneft established various entities to conduct exploration and research activities. Periods of disproportionate funding will result in the Corporation recognizing, during the early phases of the projects, an investment that is larger than its equity share in these entities. These joint ventures are considered Variable Interest Entities. However, since the Corporation is not the primary beneficiary of these entities, the joint ventures are reported as equity companies. In 2014, the European Union and United States imposed sanctions relating to the Russian energy sector. With respect to the foregoing, each joint venture continues to comply with all applicable laws, rules and regulations. The Corporation’s maximum before-tax exposure to loss from these joint ventures as of December 31, 2015, is $1.0 billion.


References for Chicken Kiev Wikipedia article:
* 1: Chicken Kiev is a pseudo-French recipe formerly familiar on American hotel menus.
* 2. “Bush Sr. clarifies ‘Chicken Kiev’ speech”. The Washington Times. May 23, 2004.
* 3. Monck, Adrian; Hanley, Mike (December 6, 2004). “The secrets of chicken Kiev”. New Statesman.
* 4. Safire, William (December 6, 2004). “Putin’s ‘Chicken Kiev'”. The New York Times.


See too: https://miningawareness.wordpress.com/2014/05/06/german-dresdner-bank-commerzbank-putin-and-russian-state-owned-gazprom-rosneft/

Notes on Tillerson stocks and earnings

Around the time of his nomination as Sec of State Exxon Mobil stock jumped up to $92.58 which is close to the 52 week high of $95.55. The 5 year high was $100.68 ca July 1 2014. Even Trump tweets about nuclear causes the price of uranium to jump. Furthermore, he has 3 months to disinvest from most of his stock in which time a lot can be done to pump the price before sell off by either him or Trump.

Washington Post estimated $218 million in Exxon stock (Washington Post, 2016-4-29)
Based on “NOTICE OF 2016 ANNUAL MEETING AND PROXY STATEMENT” April 13, 2016 https://www.sec.gov/Archives/edgar/data/34088/000119312516539460/d14941ddef14a.htm
We estimate under $200 million. Thus, we put approximately $200 million.

$120,000 raise on base salary for 2016 https://www.sec.gov/Archives/edgar/data/34088/000119312516539460/d14941ddef14a.htm
Stock Nest Egg of $218 million in Exxon stock (Washington Post, 2016-4-29)

His ExxonMobil pension is worth $69.5 million, and he has an estimated $200 million ExxonMobil stock nest egg. (See “Notice of 2016 Annual Meeting and Proxy Statement, April 13,2016). https://www.sec.gov/Archives/edgar/data/34088/000119312516539460/d14941ddef14a.htm)

The US Secretary of State Salary salary is $205,700 https://en.wikipedia.org/wiki/United_States_Secretary_of_State Why would Tillerson leave his job as CEO of Exxon to take a job paying less than 1/100th of his current salary? What’s in it for him? What’s in it for ExxonMobil? Dropping of sanctions against Russia leading to an merger with Russia’s Rosneft. Tillerson is apparently being forced out due to age, but he would make more as an Exxon Board Member, than as Secretary of State. He also will retain some stock interest in ExxonMobil for up to 90 days.

For regular stock, whether Exxon or other, such as EDF, Novartis, etc., Tillerson has 90 days to divest. There are a lot of possibilities to pump price by word or deed in the interim. His very appointment may be a stock pump and dump scam. Notice the huge loopholes: “I hold stock in ExxonMobil. I do not hold any vested or unvested stock options. I will divest my stock in ExxonMobil within 90 days of my confirmation. I will not participate personally and substantially in any particular matter that to my knowledge has a direct and predictable effect on the financial interests of ExxonMobil until I have divested this stock, unless· I first obtain a written waiver, pursuant to 18 U.S.C. § 208(b)(l), or qualify for a regulatory exemption, pursuant to 18 U.S.C. § 208(b)(2).”

He says he “resigned from my position as Chairman and CEO of ExxonMobil Corporation. (ExxonMobil) on December 31, 2016. For a period of one year after my resignation from ExxonMobil, I will not participate personally and substantially in any particular niatter involving specific parties in which I know that ExxonMobil is a party or represents a party, unless I am first authorized to participate, pursuant_ to 5 C.F.R. § 2635.502(d).” SO WILL HE RESIGN AS SEC OF STATE AFTER ONE YEAR?

47 page version of his assets, etc: https://assets.documentcloud.org/documents/3254118/Tillerson-Ethics-Undertakings-and-Financial.pdf

The Tillerson ethics document is recent. The earlier information dates from the original draft of this post on the 17th of December.