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[IP] more on think of this everytime you fill your tank .. Exxon Mobil Posts Largest Annual Profit for U.S. Company - New York Times



Begin forwarded message:

From: "John S. Quarterman" <jsq@xxxxxxxxxxxxxx>
Date: January 30, 2006 9:43:55 PM EST
To: dave@xxxxxxxxxx
Cc: "John S. Quarterman" <jsq@xxxxxxxxxxxxxx>
Cc: ip@xxxxxxxxxxxxxx
Subject: Re: [IP] more on think of this everytime you fill your tank .. Exxon Mobil Posts Largest Annual Profit for U.S. Company - New York Times 


From: Chris Beck <cbeck@xxxxxxxxxxxxxx>
Date: January 30, 2006 5:37:35 PM EST
To: dave@xxxxxxxxxx



"This might be the best macroeconomic environment ever for oil," said
Dave Pursell, a partner at Pickering Energy Partners, Houston-based
research firm.
"More than any of its peers, Exxon knocked the cover off the ball
with its long, disciplined view of global projects."
Yeah, it was the long disciplined view of global projects that did it. 
Had nothing to do with control of a vertical market, reduced supply,
increased demand, a cartel, and huge subsidies from government.
Well, that and possibly pumping more than $8 million into about 40 thinktanks 
for PR against global warming probably didn't hurt:
 http://www.motherjones.com/news/featurex/2005/05/exxon_chart.html


--
Chris Beck  -  http://pacanukeha.blogspot.com


-jsq


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