Oil giant Exxon posts record annual profit of $39.5 billion

[entanglement]

"$39.5 billion for 2006 was biggest annual profit for a U.S. company"

HOUSTON - Oil giant Exxon Mobil Corp. on Thursday posted the largest annual profit by a U.S. company — $39.5 billion — even as earnings for the last quarter of 2006 declined 4 percent.

The 2006 profit topped Exxon Mobil’s own previous record of $36.13 billion set in 2005.

More here:

http://www.msnbc.msn.com/id/16922298/

[PreacherCasey]

1. Anyone know

how much profit they forfeit for each cent that the price of oil goes down?

[northofdenali]

2. Exxon's still fucking with us - and haven't paid a dime -

After 18 years of hell for the Prince William Sound.

http://hosted.ap.org/dynamic/stories/W/WST_EXXON_VALDEZ_AKOL-?SITE=AKFAI&SECTION=HOME

New study shows Exxon Valdez oil persists off Alaska coast

ANCHORAGE, Alaska (AP) -- Lingering crude from the nation's largest oil spill has weathered only slightly in some places almost 18 years after the tanker Exxon Valdez ran aground and fouled hundreds of miles of Alaska shoreline, a new federal study released Wednesday concludes.

The estimated 85 tons - or more than 26,600 gallons - of oil remaining at Prince William Sound is declining about 4 percent a year and likely even slower in the Gulf of Alaska, according to research chemist Jeffrey Short with the National Oceanic and Atmospheric Administration.

At that rate of decline, oil could persist for decades below the surface of some beaches, Short and colleagues said in their report.

The study is to be published in the Feb. 15 edition of Environmental Science & Technology, the journal of the American Chemical Society.

"Such persistence can pose a contact hazard to intertidally foraging sea otters, sea ducks, and shorebirds, create a chronic source of low-level contamination, discourage subsistence in a region where use is heavy, and degrade the wilderness character of protected lands," researchers wrote in their conclusion.

And now they want to drill in ANWR? I DON'T THINK SO. :mad::nuke::mad:

[entanglement]

3. They should be made to pay for the Valdez damage WITH interest

accruing over these 18 years. Ending all subsidies / give aways to big oil would also be a great idea.