Editor's
Mail
Bad
News for Exxon and ConocoPhillips
Bad News for Exxon and ConocoPhillips.
http://www.petroleumworld.com/storyt07062701.htm
I
see these news articles about Exxon and Conoco failing to get
a deal
in Venezuela, and I see that the titles are typically
written as if it was neutral news on the wellbeing of these companies,
like "ExxonMobil and ConocoPhillips to Negotiate their Venezuelan
Exit," or "Exxon, ConocoPhillips Refuse Chavez Deal."
How is this anything other than very bad news for these companies?
Oh, I forgot. As long as the price of Oil goes up, so does Exxon**.
Bullshit. This is the echo chamber talking. Not only does the
high price of Oil stress the very US Economy that keeps Exxon
in Business*, but high prices support alternatives to Exxon's
product. Sure, Alternative production of energy is just a speck
on the radar, but it's growing like mad. Exxon is between a rock
and a hard place. Prices continue stay up, and they must continue
ignoring alternatives, because to recognize them in any way is
to legitimize their potential, and give them a big boost.
* Like militarily assuring a stable searoutes for Oil Distribution.
** Hereafter I use the name Exxon only, just to save time, not
because they are in some way specifically the target of my
ire.
http://americansolareconomy.blogspot.com/
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