Exxon/Mobil and Halliburton:
In case you didn't know, the free-market does not regulate itself:
"ExxonMobil Reports Record $36 Billion privately giant ExxonMobil reported Monday it made a record $36 billion last year - a sum larger than the economies of 125 countries. Exxon became the first company to ever make more than $10 billion in a financial quarter. During the last three months of 2005 the oil giant made over $1,300 every second or nearly $5 million every hour. . . . Officials from the country's major oil companies, however, are refusing to testify this week at a Senate hearing looking into whether oil industry mergers in recent years have made gasoline more expensive at the pump. While it is making record profits, Exxon Mobil is also trying to avoid paying damages from the 1989 Exxon Valdez oil spill. On Friday the corporation asked a federal appeals court to erase an order for Exxon to pay out five billion dollars in damages ordered by an Alaskan jury. "
http://www.democracynow.org/article.pl?sid=06/01/31/1532240
Oil shortage made prices go up? and we're all paying more for gas than ever? and Exxon/Mobil is posting record gains? How does this make sense? Yet despite these gains, they are fighting a court-ordered settlement to pay for the clean-up of a spill of their oil that caused enormous damage to the environment? The more I learn about these enormous companies, the more I worry that not even the courts have the power to help regulate them.
"In other business news, Halliburton has reported it made a company-record $2.4 billion last year - making 2005 the company's most profitable year in its 86 year history. The company - which was once headed by Vice President Dick Cheney - has seen its stock value double over the past year. Last week Halliburton subsidiary KBR won a $385 million contract to build and operate new detention facilities in case of a "emergency influx of immigrants" into the country."
http://www.democracynow.org/article.pl?sid=06/01/30/157208
Hmmm... I'm not pointing fingers, just pausing to take notice. I think it's important that we at least take notice.
5 comments:
I am sure he is, but do we know if VP Cheney is profiting directly or indirectly from the rise in Halliburton's stock. Not defending, just asking for my own information?
Yeah, he does still have ties. See this:
http://www.cbsnews.com/stories/2003/09/26/politics/main575356.shtml
Also interesting from the same report:
"Halliburton has contracts worth more than $1.7 billion for its work in Iraq, and it could make hundreds of millions more from a no-bid contract it was awarded by the Army Corps of Engineers, The Washington Post has reported."
bastards all!
the oil companies, W, the officers who removed the demonstrator, the demonstrator, Cheney, Col. Sanders...
Bastards all.
?
you know, the Colonel, with those wee beady little eyes. "Oooo you're gonna eat my chicken"
bastard.
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