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?
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