Record profits for Exxon & record pay for CEO, page 1

While the rest of us suffer, Exxon/Mobil is raking in the bucks.

NEW YORK (Reuters) - Exxon Mobil Corp. (XOM) Chief Executive Lee Raymond's compensation package jumped to more than $38 million last year, when soaring energy prices helped the No. 1 public oil company report one of the largest profits in U.S. corporate history.

Full Story.

The American public needs to realize that these "soaring gas prices" have less to do with oil production in foreign countries and more to do with corporate greed on the part of the companies selling gas here in the US. That corporate greed is supported by our government becuase it helps fund the politicians we've "elected."

The bottom line is we the people can change this. If everyone who buys gas were to buy from independent retailers and not the major chains (Union, Exxon/Mobil, Arco, Citgo, Shell, etc) then those chains would lose money and be forced to lower their prices. It really is that simple.

Here's the problem, those independent retailers are few and far between and the lazy masses of the US public today would rather whine about prices than drive an extra mile or two for gas. No wonder our nation is rapidly decaying.

Think oil companies are to blame for rising gas prices? Think again. It's the tree huggers.

www.sfgate.com.../chronicle/archive/2005/04/14/EDGLUC816J1.DTL

From the article:

One thing is certain: Oil companies are not the culprits. In California, where gas prices are among the nation's highest, the oil industry has been repeatedly investigated yet no evidence of "price manipulation" has ever been found.

Though other factors cause high gas prices, such as high taxes and increasing world demand, environmental regulation is among the primary reasons. For example, environmental regulation has significantly restricted drilling for oil in Alaska and on the continental shelf. More drilling will increase the supply and thus lower prices...

From drilling to refining to distribution, environmentalists have done everything they can to raise gas prices.


Environmentalists are not actually concerned with the well-being of man. Their real motive is to sacrifice man to nature by stopping industrial activity. For instance, Adam Kolton of the Alaska Wilderness League states, "Drilling the wildest place in America is objectionable no matter how it's packaged." David M. Graber, a research biologist with the National Park Service, states, "We are not interested in the utility of a particular species, or free-flowing river, or ecosystem, to mankind. They have ... more value -- to me -- than another human body, or a billion of them."

Oil companies deserve praise for producing an abundance of gasoline despite the massive burden of environmental regulations foisted upon them. To increase the gasoline supply, we need to start by eliminating needless environmental regulations, including drilling bans and prohibiting certain octane boosters. If the government makes the choice to protect people's freedom, gasoline prices below a dollar-per-gallon won't be just a relic of the past.

End of Article.




So it looks like the enviro-whackos are causing record profits for Exxon, record pay for CEO's....... and record gas prices.

While I agree that there are many "environmental" regulations that have less to do with protecting the environment than they do with harassing big business, many of them are legitimate concerns. Why do we need to drill for oil in Alaska? There are untapped oil reserves all over the US and Mexico that can be tapped with less potential for harm. Mexico could be a huge oil producing country if we helped them straighten out their corrupt government instead of waging a useless war thousands of miles away. Learn more here.

I can't understand how anyone can learn that ONE PERSON in Exxon/Mobil was paid $38 million dollars and not see a way that they can afford to lower their prices (and still turn a decent profit).

If nothing else, I think the government should regulate the amount of profit that oil companies can squeeze out of a gallon of gas. But then where would our elected officials get their kickbacks and grafts?

This whole mess is disgusting to me. I'm going to get a hydrogen bike!

Originally posted by Mr No One

If nothing else, I think the government should regulate the amount of profit that oil companies can squeeze out of a gallon of gas.
a hydrogen bike!

That is a VERY dangerous thing to do. Do you really want the government to have a legal president in regulating prices of provate products?

I THINK NOT!

Please, consider the long term ramifications of that.

Can these people make it any more obvious?

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