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U.S. News: Peak profits and empty pockets at the pump
As gas climbs to $5 a gallon, the pain is evident everywhere. Buses are packed. GM is closing factories. The airlines are laying off pilots and flight attendants. Independent truckers are going bankrupt. Real wages...Not Just Consumers Struggling With Gas Prices
I had been wondering what happened to my local Exxon station, one of only two gas stations in Oakton, Virginia. I even Uttered about it. I noticed some time ago that it no longer displayed prices on the sign. ...Exxon $2.5 billion oil spill ruling overturned
"WASHINGTON (Reuters) - The U.S. Supreme Court on Wednesday overturned the record $2.5 billion in punitive damages that Exxon Mobil Corp had been ordered to pay for the 1989 Exxon Valdez oil spill off Alaska. The...Indonesia: Supreme Court Rules Against Exxon in Aceh Case (News + Analysis)
This is an interesting case in many ways. What responsibilities does a corporation have overseas if, due to local politics and wars, employees are harmed or cause harm for reasons that have nothing to do with the company?This article doesn't quite make it clear if the...
ExxonMobil to sell 2,220 gas stations
Exxon Mobil Corp is planning to sell off its company-owned gas stations because they are not profitable enough at the current price of gas.Business must be bad for them to take this measure!" The nation's largest oil... Today, The Exxon Valdez, The McCain Switch, We all Embellish
On This Day " On this day in 1989 the Exxon Valdez runs aground off the coast of Alaska, spilling 11 million gallons of oil into the water. On to today's top stories: "2 McCain Moments, Rarely Mentioned" (Elisabeth Bumiller, New York Times) Moment One: In 2001,... Venezuela Vs Exxon Mobil: PDVSA wins unfreezing oil assets at London court (u...
Caracas, Venezuela, 18 March, 2008. Venezuelan Minister for Oil and President of PDVSA, Rafael Ramirez, has announced his country won an ordeal at a London court. Thus, it has managed to reverse a... Exxon Mobil still expects to manage Indonesia`s Natuna gas block
"On February 19, the Indonesian government asked Pertamina to replace Exxon as manager of the Natuna block after talks to retain Exxon's contract were halted without the issue having been resolved.Exxon Mobil holds a...Chavez Threatens US Oil Cutoff
" CARACAS, Venezuela (AP) - President Hugo Chavez on Sunday threatened to cut off oil sales to the United States in an "economic war" if Exxon Mobil Corp. wins court judgments to seize billions of... Exxon wins court order freezing sale of billions in oil assets by Venezuela
"Exxon Mobil has won court orders freezing as much as $12 billion in petroleum assets controlled by Venezuela's government in an escalation of a dispute over efforts by President Hugo Chávez to assert greater... The Machine Gun of Capitalism
SF Gate's Mark Morford eloquently summarizes where we are before the election, and asks the tough questions that will have to be answered by the new US President about the sustainability and workability of the... Exxon Reports Record Profits
Why am I not surprised?"Exxon Mobil made history on Friday by reporting the highest quarterly and annual profits ever for a U.S. company.
Exxon (XOM, Fortune 500) shares gained nearly 2% in pre-market trading on the... Chinese Taking Lead in Obtaining Limited Global Oil Resources
An alarming global trend is occuring with Chinese national oil companies projecting an overhelming presence in obtaining a finite amount of crude oil around the world.. PetroChina, a subsidary of China National... Australia: Midnight Oil Frontman named Environment Minister
Former Midnight Oil Frontman and long time Environmentalist Peter Garrett was named Environment & Arts Minister in the Newly formed Australian Government. Leading many to wonder what Arts and... Oil companies plan NAFTA suit over research demands
Big oil, NAFTA, and government are proving to be a risky mix as two giant oil companies defy requirements to fund local research and development. As Exxon Mobil and Murphy Oil demand $50 million each from governments, the power of NAFTA agreements may be at stake."Two...
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