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oil-revenue

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The more we learn about the BP oil well blowout in the Gulf of Mexico, the more we ought to question the basic assumptions that led us here.

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Less than a week after British Petroleum unleashed what could be the worst industrial environmental disaster in U.S. history, the company announced more than $6 billion in profits.

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Resilient and ultimately morally bankrupt, international oil darling Exxon Mobil has managed to take the 2008 medal for most profitable American corporation, despite a 33 percent fall in fourth-quarter earnings.

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Remember when we were told that the Iraq invasion would be a quick and straightforward venture, and that the resulting reconstruction effort would pay for itself? Those notions, like so many others that held sway in recent years, have been belied by the actual outcomes, as evidenced by a new report about the highly problematic rebuilding process in Iraq.

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