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By Bill Boyarsky
$17.79
By Melvyn P. Leffler
$13.60
$22
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AP/Jeannie Nuss
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The oil giant is sure doing its best to prevent journalists from covering the recent oil spill from its Pegasus pipeline in Mayflower, Ark., reporters say. And unfortunately for them, a pliant county sheriff’s office has shown it’s all too willing to help Exxon Mobil out.
Posted on Apr 7, 2013
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Flickr/TomaBw
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By Justin Elliott, ProPublica —
Like the nonprofit groups that poured money into last year’s elections, the decade-old State Government Leadership Foundation has been able to keep the identities of its funders secret. Until now.
Posted on Feb 17, 2013
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Screenshot
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While you were paying record prices at the pump in 2012, the cash was flowing to oil companies such as Exxon Mobil and Chevron, according to recently released earning reports.
Posted on Feb 3, 2013
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Flickr / World Economic Forum
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While a host of social welfare programs sit on the congressional chopping block, Exxon Mobil pulled in a near-record first-quarter profit of $10.65 billion.
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By Amy Goodman — Twenty years ago, the Exxon Valdez supertanker spilled at least 11 million gallons of oil into Alaska’s pristine Prince William Sound. The consequences of the spill were epic and continue to this day, impacting the environment and the economy.
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Despite the massive federal stimulus package, national GDP only grew 1.9 percent from April to June, the Commerce Department has announced, and it actually shrank in the last quarter of 2007. Meanwhile, high gas prices, supposedly reflecting costs, spiked profits of oil companies, with Exxon recording its most profitable quarter ever. In fact, reports the NYT, “It was the highest quarterly profit ever for any American company, as Exxon made nearly $90,000 a minute.”
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AP photo / Charles Dharapak
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By Robert Scheer — As we head into the Fourth of July weekend of patriotic bluster and beer swilling—but before we are too besotted with ourselves—might we also for once consider our imperfections? Why not take a moment to heed the cautions of our founding father, George Washington, whose true legacy will most likely be ignored during the flag-waving weekend?
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NOAA
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Nineteen years ago, the Exxon Valdez supertanker struck a reef in Alaska, causing an environmental catastrophe so devastating its impact continues to be felt. A court later slapped Exxon with $5 billion in punitive damages, but on Wednesday the Supreme Court ruled that the oil giant shouldn’t have to pay more than about a tenth of that amount.
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Flickr / azrainman
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Exxon Mobil made $10.9 billion last quarter, but investors were disappointed that the world’s biggest oil company had only its second-biggest quarter ever. With a product that is harder and harder to find, shareholders who demand even bigger windfalls and consumers who are about ready to revolt, you almost have to feel sorry for the oil companies. No, you really don’t.
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flickr.com
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By Robert Scheer — Whadda you mean “we,” Mr. TV Pundit? When you say “we” are doing better in Iraq or, even more absurd, that “we” were right to invade that country in the first place, are you putting Joe Blow American in the same bag as the top officers of Exxon, which made $40.6 billion in profit last year?
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AP photo / Al Grillo
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The federal corruption probe that first blew the lid off the Alaskan political scene a year ago with the discovery of $32,200 in cash stashed away in the home of Republican Pete Kott, former speaker of the Alaskan House of Representatives, has since spread like an oil slick, leaving precious few prominent lawmakers unstained.
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No need for creative accounting at these outfits: It’s good to be an oil company these days.
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From crooksandliars.com
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Sure, it’s despicable. But it’s also a bit gratifying to see how low Big Oil has to stoop to try to squelch Al Gore’s message.
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As gas prices soar across the nation, Exxon’s board paid its recently-retired chairman, Lee R. Raymond, over $686 million since 1993—with $400 million of that coming in his final year with the company.
A compensation payout like that got N.Y. Stock Exchange Chairman Richard Grasso sued.
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Real American Boy: How Our Byzantine Immigration System and Failed Economy May Have Made a Terrorist
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