Exxon Shatters Profit Records

giant-oil.jpg “Oil giant makes corporate history by booking $11.7 billion in quarterly profit; earns $1,300 a second in 2007.”

That was the CNN headline. Honestly I don’t want to make this a political blog and I won’t but when I saw this today I thought *#$%!. (The Elusive Donna prohibits me from spelling out what I actually thought.) We keep blaming the guys cranking out the oil for the high prices we pay at the pump. We line up like lambs to the slaughter at the gas pumps. We keep going along with the idea that it’s just the cost of crude that keeps the price going up. Turns out, not so much.

Exxon didn’t make the same profit as last year. Exxon didn’t just make a profit this year. Exxon shatters profit records.

My issue with this is mostly around the cost of heating oil. There are families who depend on heating oil to keep from freezing to death. It’s not about cutting back on their trips to the Quickie Mart. We don’t have a choice whether we put oil in our tank unless we also choose to lose our house and or choose to freeze to death. Somebody somewhere needs to explain to one of the “godly conservative political leaders” in the U.S. and Canada that the WWJD answer is that Jesus wouldn’t shatter profit records on the backs of the working poor. It staggers my imagination that CNN can report this and we don’t all take to the streets and drop by the corporate offices of EXXON and CHEVRON and CONOCO and discuss a rebate together.

Help me out here with a reality check. Does this seem insane and immoral to anyone but me?

About brianmpei

Stumbling towards what comes next.
This entry was posted in greed, Leadership, Meaning, politics, Rant. Bookmark the permalink.

4 Responses to Exxon Shatters Profit Records

  1. Yves says:


    It is insane.

    I’m actually reading a good book, that touches subjects like these….

    “The Collapse of Globalism: And the Reinvention of the World” by John Ralston Saul.

    People who are working in the decision making positions in these huge multinationals are far from reality. There seems to be no understanding of reality… It seems as though people in the decision making positions are actually dehumanized in reference to their fellow humans….. being solely focused on profit and their bottom line, the decision makers are blind to actual facts and only see numbers, statistics, projections…..

    Stuff like that sickens me greatly Brian….

  2. tell me when and where and i’m there! this is so angering.

  3. Andrew says:

    Brian you expose the under-belly of capatilism, that botttom line thrives on profit. Your thoughts punctuate the obvious that this is insane and immoral. Bottom line is driven by yesterdays bottom line. Nothing new on these headlines other than these bragging levels are taking share holders to new places of false security. Perhaps the key to dropping these giants is channelling our anger towards finding alternatives that actually break the back of the bully on top of the sandpile?!Maybe it’s wood pellets, maybe it’s electricity powered by windmills, maybe its re-cycled rubber tires…maybe its gathering my dogs daily droppings and donating doo doo to drop-off dump-sites that feed city turbines?!! Lets find options that become a real threat. I think the focus needs to be on alternatives that blind-side the giants. I agree that grumbling at the pumps only increases the purchase of lottery tickets… as we wait to pay at the pumps we secretly hope the numbers of the day will bail us out of our troubles! Ever wondered why more lottery tickets are sold at gas pumps? Maybe this one is for another day, it just seems we need to look at alternatives that are real, sustainable and with the poor in mind, which is why you wrote this in the first place. While in Nepal I saw the students take to the streets due to this very issue,… it’s not only about corrupt government….it’s not only about greed, and it’s not only about profit…but it’s also about finding new alternatives. Capitalism understands competition.

  4. brianmpei says:

    Good thoughts all. Thanks for the insight and feedback. I’m a protester in need of a protest!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s