Showing posts with label ExxonMobil. Show all posts
Showing posts with label ExxonMobil. Show all posts

Wednesday, November 17, 2010

Time to Commit in the Arctic

by Michael Brune

President Obama needs to finish something that started the year before he was born. That's when President Eisenhower set aside the pristine wilderness in the northeast corner of Alaska that we know today as the Arctic National Wildlife Refuge. It's the last truly unspoiled wilderness in the United States, and the only way to be sure it stays that way is to make it a National Monument.



continued at Daily Kos....

Monday, July 12, 2010

Reconstituting the Standard Oil Company

by bobdevo

The Standard Oil Company was the largest and arguably the most powerful corporation in the history of mankind. In 1904, Standard controlled 91% of production and 85% of final sales of petroleum products in the USA. Because of its monopolistic powers and unlawful business practices, on May 15, 1911, the Supreme Court declared the Standard Oil group to be an unreasonable monopoly  under the Sherman Antitrust Act, and ordered Standard to break up into 34 independent companies.



continued at Daily Kos....

Wednesday, June 16, 2010

Waxman details How Oil Companies deal with Real Risks

by jamess


Most Companies face the common dilemma of how to best minimize their Risks, while somehow, managing to make a Profit. It's what makes 'Starting a Business' a Risky proposition for most folks -- there are few "sure fire" deals in the Business World.
This little "constraint" is apparently not much of a factor, in the High Tech world of deepwater drilling, however.  They have simply managed to 'paper-over' any Real Risks they incur for decades now.  Oil CEO's are accustom to seeing it, as an Easy Money Gig.

Their little "risk management" charade has been coming out lately, in the Congressional Inquiries been held by Henry Waxman.
"Rubber Stamp" may take on a whole new meaning, given the way these Exec's seem to like to 'copy each others Homework' ...


continued at Daily Kos....