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: "John S. Quarterman" <jsq () quarterman org>
Date: January 30, 2006 9:43:55 PM EST
To: dave () farber net
Cc: "John S. Quarterman" <jsq () quarterman org>
Cc: ip () v2 listbox com
Subject: Re: [IP] more on think of this everytime you fill your  
tank .. Exxon Mobil Posts Largest Annual Profit for U.S. Company -  
New York Times

> From: Chris Beck <cbeck () pacanukeha net>
> Date: January 30, 2006 5:37:35 PM EST
> To: dave () farber net

> "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.

Well, that and possibly pumping more than $8 million into about 40  
thinktanks
for PR against global warming probably didn't hurt:
 http://www.motherjones.com/news/featurex/2005/05/exxon_chart.html

> --
> Chris Beck  -  http://pacanukeha.blogspot.com

-jsq


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