President Donald Trump—the great dealmaker—has an ego fueled by flattery, which is allowing corporate America to play him like a fiddle. Since the passage of his massive tax cuts, Trump has trumpeted the news of one-time bonuses, wage hikes, capital investment projects, and job creation promises as affirmations of his genius. His State of the […]
ExxonMobil
Posted inEnergy and the Environment
Exxon Ain’t Cryin’ Yet
The victory against Keystone XL is an essential—but insufficient—step to building a powerful climate movement.Â
Posted inEconomic Policy
How Does the NYT Know that Exxon Mobil Had Been Skeptical on Global Warming?
If you’re the world’s largest oil company, it probably makes more sense to tell the public that you don’t believe in global warming than to say that you intend to obstruct preventative measures in order to protect your profits, even if means destroying the planet. So, when the NYT tells readers that Exxon Mobil “had […]
Posted inArticle
SPECIAL TAX BREAK FOR EXXON.
I forgot to mention this the other day, but Dean Baker’s post on McCain “Special Summer Tax Break for Exxon” is very good. Basically, McCain’s panderrific promise to remove the gas tax for the summer would simply allow the oil companies to make more in profits. Imagine that a gallon of gas is a dollar, […]
Posted inEconomic Policy
McCain Proposes Special Summer Tax Break for Exxon
That is what the headlines on Senator McCain’s proposal to remove the gas tax for the summer driving season should have read, since that would be the predicted effect of his plan. According to the oil industry, they have their refineries running flat out, producing all the gas they can. This means that the price […]
