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Friday, July 28, 2006

The dirty filthy ExxonMobile

ExxonMobile has posted the highest record profit of all time. In the last 3 months, it has made a $9 Billion profit on a revenue of $100 Billion. Was the Iraq war really about Democracy or Freedom – or was it about oil?

Is it just a coincidence that ExxonMobile CEO, Lee Raymond met Vice President Dick Cheney to discuss Oil exploration in Iraq before the war started? Is it just a coincidence that Raymond stepped down just months before the war to be appointed onto the board of the American Enterprise Institute, a Washington think tank that has been key in promoting the invasion and occupation of Iraq? Is it just a coincidence that Willima R. Howell sits on the board of ExxonMobile and Halliburton Inc. (a company Cheney was head of before he became Vice President). Halliburton has won billions of dollars in uncontested military contracts. Is it just a coincidence that if ExxonMobil were to get an agreement for the giant Majnoon oil field in southern Iraq, it would double its state reserves, vastly increasing the market value of the company, which already owns access to more oil around the world than any other private oil firm?

But ExxonMobile doesn’t just 'coincidentally' support the Iraq war, it also tries to shut down any discussion of global warming….. Sterling Burnett is a senior fellow at the National Center for Policy Analysis, an organization that has received over $390,000 from ExxonMobil since 1998. On Fox, Burnett compared watching Al Gore’s movie, An Inconvenient Truth, to watching a movie by Nazi propagandist Joseph Goebbels to learn about Nazi Germany.

ExxonMobil doesn’t have a substantive answer to Gore’s movie, so it bankrolls people like Burnett to smear Gore personally. Dutifully, Burnett recently wrote an editorial defending former Exxon CEO Lee Raymond’s lavish compensation (which amounted to $190,000 a day in 2005). He failed to mention his financial connection to the company.

Transcript from FOX:
That’s the problem. If I thought Al Gore’s movie was as you like to say, fair and balanced, I’d say, everyone should go see it. But why go see propaganda? You don’t go see Joseph Goebbels’ films to see the truth about Nazi Germany. You don’t go see Al Gore’s films to see the truth about global warming.

Not just blood for oil, but the planet for oil as well. God bless crony capitalism.


At 30/7/06 7:00 pm, Blogger Genius said...

Petrol companies (and such traders in general) tend to make money during times of eratic prices. So they would make money from a war in the Middle East even if they had absolutely no interests in that area at all - some might say particularly if they have no interests there.

At 31/7/06 12:23 pm, Anonymous Anonymous said...

I agree- it is all basic economics. In Australia there is a banana crisis, and is a similar analgy to the 'oil crisis'. Most of the banana crop was wiped out by a cyclone which has caused prices to skyrocket. The growers who's crops were not affected can now enjoy extremely high prices. The same applies for the oil industry at the moment.

At 31/7/06 3:45 pm, Anonymous Anonymous said...

You should see what they do in Acheh

At 2/8/06 9:27 am, Anonymous podcastagainstthemachine.com said...

............................I would go further and suggest these oil players had much more involvement in the promotion of the Iraq war than passive investors.

At 11/8/06 11:04 am, Anonymous Anonymous said...

If we are so upset about the profits these tirants are making, lets do somthing about it.....Stop buying there fuel. It's pretty simple folks, They are nothing without customers, they are just showing us how stupid we are.
" Red neck from Alabama"

At 17/8/07 4:15 pm, Anonymous CreditWatcher said...

It so happened that oil companies are the richest and most powerful ones. They rule almost everything and everybody wants to be friends with them ;) No one is able to do without there fuel. So, I adree with the previous comment.

At 30/11/07 6:27 pm, Blogger Opra said...

Everything in the world is interconnected. I agree that oil companies and many others are connected with their customers. More than that, they will not be able to get profits without customers.


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