more on think of this everytime you fill your tank .. Exxon Mobil Posts Largest Annual Profit for U.S. Company - New York Times

[David Farber <dave () farber net>]

Begin forwarded message:

From: Chris Beck <cbeck () pacanukeha net>
Date: January 30, 2006 5:37:35 PM EST
To: dave () farber net
Subject: Re: [IP] think of this everytime you fill your tank .. Exxon  
Mobil Posts Largest Annual Profit for U.S. Company - New York Times

Rumour has it David Farber, on or about 30.Jan.2006 17:04, whispered:
> http://www.nytimes.com/2006/01/30/business/30cnd-exxon.html? 
> hp&ex=1138683600&en=ed7ac90463244e93&ei=5094&partner=homepage

I love this quote:

"This might be the best macroeconomic environment ever for oil," said  
Dave
Pursell, a partner at Pickering Energy Partners, Houston-based  
research firm.
"More than any of its peers, Exxon knocked the cover off the ball  
with its long,
disciplined view of global projects."

Yeah, it was the long disciplined view of global projects that did  
it.  Had
nothing to do with control of a vertical market, reduced supply,  
increased
demand, a cartel, and huge subsidies from government.

--
Chris Beck  -  http://pacanukeha.blogspot.com
Cheap.  Fast.  Good.  Pick two.


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