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Shea Gunther

Exxon Mobil's massive profits are bad for the environment

Three out of the top five largest corporations are oil companies. How do you fight a company that makes $1,000 a second in profit?

Thu, Jul 29 2010 at 1:44 PM EST
 7

Photo: Qnr Away For a While/Flickr
Exxon Mobil just announced that its second quarter earnings are $7.56 billion, nearly doubling the company's tally for the second quarter of last year.
 
That's almost a thousand dollars a second in income.
 
And that's a bad year for them. In 2008, they made more than $45 billion, which works out to a little more than $1,400 a second.
 
How do you fight something that big? Something that rich? An immortal entity with almost unlimited resources and control of all the people who make the rules.
 
So far in the wake of BP's oil leak, there have been no new significant reforms or regulations on oil drilling. New oil disasters (in a Michigan river, China and the Gulf) pop up in the news every day, and we all just keep on trucking on. We're not learning from this disaster; we're not using it as an opportunity to change the way we use non-renewable resources. The GOP has the Democrats so boxed in and out-maneuvered that the left has been unable to make any meaningful advances on climate change legislation.
 
Why? Because companies like Exxon Mobile don't want it to happen. When you're invincible and immortal and make $1,000 a second in profit, what you don't want to happen usually doesn't happen.
 
Seriously, how do we fight that? Exxon Mobile is just one of a number of cash-rich energy companies committed to the fossil fuel status quo. Their power, taken together, is almost unimaginable. How do you fight that, in any other way than very, very slowly?
 
What do you think?
 
 
Are you on Twitter? Follow me (@sheagunther) there; I give good tweets.
 
And if you really like my writing, you can join my Facebook page.
 
CLOSE link:
Previous Post
Are receipts poisoning us with BPA?
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BP is selling the fake story that there's no oil
You might also like:
Related Topics: Gulf Oil Spill, Oil & Gas

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anonymous
Wisdom_of_the_ages 07/31/2010 22:08 PM

You know what I haven't seen properly practiced in about 80 years? The boycott. Ultimately, people will either rise up and soar ever higher, or we will evolve in different directions, them and we... Who will become what? Is H.G. Wells right in Time Machine?

There will be no fighting, because the top crust sees to it that the lower classes feel as though war is a terrible, terrifying thing fought for greedy reasons, and that holy wars are things that get fought in vein against our.... More

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anonymous
Scott S 07/31/2010 12:31 PM

I love how everyone wants to fight the evil oil companies. These people must hate cars, electricity, heat, plastics, computers, tires, bubble gum, make-up. . . The list goes on and on. You can't hate an industry, especially one that contributes so universially to our modern lives, thats why they are so rich! Why are we trying to punish companies that are good for business, good for their employees, and good for their millions of shareholders! And why are we awarding companies who gambled.... More

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anonymous
Anonymous 07/03/2011 17:37 PM

If the people do not put down companies such as exxon mobile, by the way there are plenty of other oil companies to supply us with our need for oil, if the people do not stand up and put this company into receivership, bankrupt, due to the people boycotting their product that yields the most profit, oil for diesel and kerosene gas, we will always have these no concience companies in our face forever. All it takes is making them bleed money until they die...Will the people heed the call and.... More

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anonymous
Homer S 07/31/2010 02:25 AM

You talk about the profits of the oil companies. What you don't say is what it costs the oil companies to make the profits and what percentage of the profits are of the total costs to run the business. If you were truthful about the whole mess you would find the oil companies run less that 10% profits. That not bad for major companies and certainly not obscene. If you looked up the facts your story would be just a bunch of garbage.
I do not support the oil companies. I do not hate them.... More

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anonymous
Purple P. Pleater 07/30/2010 17:07 PM

In the wake of BP's oil spill, you want to know how to fight a company that had nothing to do with BP's oil spill? When the Valdez spilled, did you want to know how to fight Shell?

And boy, that GOP must really be something to box in and outmaneuver the party that has strong majorities in both houses of Congress and holds the Oval Office. Here's a hint: Democrats are a bunch of shills too. If you're really serious, vote out the Reds *and* the Blues and support the Greens.

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anonymous
DavidHasselhoffsRevenge 07/30/2010 09:54 AM

You can fight the evil oil by throwing your car off a cliff. That will show them. Those jerks!!!!!! All that oil and stuff!!! ARG! It makes me so mad that I'm gonna drive my CAR!!!!!!!! ARRG!

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anonymous
Andrew S 07/30/2010 09:19 AM

That number is truly staggering. If BP's profits are/were anything like Exxon's, the price it will pay for killing the Gulf is about a week's profits. No wonder Tony Hayward seemed to care less.
Apart from switching to non-oil-based transportation, which is still beyond most of our abilities right now, we can start driving less as a culture. Three ideas: 1) help make cities more attractive places to live; 2) protect or otherwise restrict exurban areas from rampant home-building & road.... More

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