Comments on: Always Read the Small Print…. Especially Chevron’s. http://transitionculture.org/2006/10/02/always-read-the-small-print/ An Evolving Exploration into the Head, Heart and Hands of Energy Descent Sat, 11 Feb 2012 19:10:28 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: anonymous http://transitionculture.org/2006/10/02/always-read-the-small-print/comment-page-1/#comment-2766 anonymous Tue, 03 Oct 2006 00:45:22 +0000 http://www.transitionculture.org/?p=477#comment-2766 <p>This 'full disclosure' actually seems to be just the opposite of the problems you note with crooked EBay merchants and opaque sales tactics. Chevron is giving fair warning that although promising, many factors could influence the outcome of this discovery. They are warning you NOT to put all your money into CVX, because this discovery may not pan out for the above reasons and other unanticipated ones. Go ahead and question the science, but the boilerplate legal-ese of the press release proves nothing shadey about Chevron's practices.</p> This ‘full disclosure’ actually seems to be just the opposite of the problems you note with crooked EBay merchants and opaque sales tactics. Chevron is giving fair warning that although promising, many factors could influence the outcome of this discovery. They are warning you NOT to put all your money into CVX, because this discovery may not pan out for the above reasons and other unanticipated ones. Go ahead and question the science, but the boilerplate legal-ese of the press release proves nothing shadey about Chevron’s practices.

]]> By: Dan http://transitionculture.org/2006/10/02/always-read-the-small-print/comment-page-1/#comment-2765 Dan Mon, 02 Oct 2006 19:18:48 +0000 http://www.transitionculture.org/?p=477#comment-2765 <p>If you understood basic finance you would know that EVERY publicly traded company prefaces EVERY press release with this type of statement also known as the cover-my-ass statement or the 'I do not want to be sued statement'.</p> If you understood basic finance you would know that EVERY publicly traded company prefaces EVERY press release with this type of statement also known as the cover-my-ass statement or the ‘I do not want to be sued statement’.

]]> By: Joanne Poyourow http://transitionculture.org/2006/10/02/always-read-the-small-print/comment-page-1/#comment-2761 Joanne Poyourow Mon, 02 Oct 2006 14:41:42 +0000 http://www.transitionculture.org/?p=477#comment-2761 <p>Please realize that that first paragraph you have quoted "This press release of Chevron Corporation contains forward-looking statements ..." is standard boilerplate (is that term used worldwide?). Those phrases are used by Certified Public Accountants here in the States on anything that contains projected figures (budgets, estimates, forecasts, etc). I believe the wording comes from the AICPA, the organization that guides the accountants. I think you have similar in your country, but you use a different name for the professional certification.</p> <p>The second paragraph is interesting in that it seems to list everything under the sun, but again, this is likely the lawyers speaking.</p> <p>I was interested in this Gulf "find" sufficiently to wade through the debunking report you posted (the abreviations and oil science were a bit daunting), but I think you're hopping on a minor detail on this one. You seem to be supposing those 2 paragraphs are reflective of the rest of the material in the press release, and I think they are not, they are standard, and you'd probably find them on every major corporate press release that included any sort of numbers in it.</p> Please realize that that first paragraph you have quoted “This press release of Chevron Corporation contains forward-looking statements …” is standard boilerplate (is that term used worldwide?). Those phrases are used by Certified Public Accountants here in the States on anything that contains projected figures (budgets, estimates, forecasts, etc). I believe the wording comes from the AICPA, the organization that guides the accountants. I think you have similar in your country, but you use a different name for the professional certification.

The second paragraph is interesting in that it seems to list everything under the sun, but again, this is likely the lawyers speaking.

I was interested in this Gulf “find” sufficiently to wade through the debunking report you posted (the abreviations and oil science were a bit daunting), but I think you’re hopping on a minor detail on this one. You seem to be supposing those 2 paragraphs are reflective of the rest of the material in the press release, and I think they are not, they are standard, and you’d probably find them on every major corporate press release that included any sort of numbers in it.

]]>