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April 27, 2006

Exxon Mobil's 'In Your Face' Rape And Pillage Of America: Part 3 - Fighting Back (Updated - The Other Side Of The Coin)

Topics: Corporate Greed

Take home message below: Just Say No To Exxon Mobil - Get Mad, and pass it around!

Update below: The Industry replies to the anger over gasoline prices.

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In our first post on this topic I said that after hearing about Exxon Mobil's "in your face greed" involving their $400 million share of the booty awarded to their CEO (one Democratic Senator called it a "shameful display of greed"), I decided to do two things - establish a new category on this blog entitled "Corporate Greed", and never never never ever buy anything from Exxon Mobil or it's subsidiaries for the rest of my life. I also suggested that readers do the same, and to pass the word around.

Now it looks like Bee County in Texas has the same idea, and they're asking the entire state of Texas to take similar action:

This week, Bee County became the first in the state, possibly the country, to pass a resolution asking motorists to boycott (Exxon Mobile) fuel pumps beginning Monday.

County elected officials said they would ask others in the state to follow suit.

"Hey, the American people are tired," Martinez said. "What we did is we simply took action instead of complaining.

"We're offering our residents a beacon of hope."

... the boycott call is targeted only at Exxon Mobil gasoline until retailers agree to drop the price to $1.30 a gallon. Martinez said he's especially miffed about reports that former Exxon Mobil CEO Lee Raymond received a retirement package worth $400 million.

While I'm not suggesting we boycott until Exxon Mobile brings the gasoline prices all the way down to $1.30 a gallon, I am suggesting that we do so until prices return to pre-Katrina prices. It's time that we fought back against corporate greed and Exxon Mobile is as good a place as any to begin to engage the oil companies and fight back. Call it picking our own battleground and time - the place is Exxon Mobile and the time is now.

By getting the attention of one of the big guys on the block of corporate greed, we start the process of making the others nervous - none of the others know who's next. If consumers band together and stick to it - we'll gain the attention of the oil companies in a way they will take notice and worry about - in their wallets.

So put the word out and encourage others to pass it around. Bee County is doing it, soon Texas will be doing it, and if we all get together and let Exxon Mobile know we're mad as hell and we're not going to take it anymore - the other oil companies will get the word too. After all, one of them is next!

DO IT by blogging, emailing, talking to your friends and neighbors, telling your friends at work, and reminding everyone you see pull into an Exxon Mobile station. And don't forget to GET MAD like Howard Beal did in Network (you can hear the audio of his fantastic speech here).

I want you to get mad!

I don't want you to protest. I don't want you to riot. I don't want you to write to your Congressman, because I wouldn't know what to tell you to write. I don't know what to do about the depression and the inflation and the Russians and the crime in the street.

All I know is that first, you've got to get mad.

You've gotta say, "I'm a human being, g--dammit! My life has value!"

So, I want you to get up now. I want all of you to get up out of your chairs. I want you to get up right now and go to the window, open it, and stick your head out and yell,

"I'm as mad as hell,

and I'm not going to take this anymore!!"

In other words, when it comes to gasoline - JUST SAY NO TO EXXON MOBIL! Remember - your as mad as hell - and you're not going to take this anymore!!!

Update: Industry groups reply to anger over gasoline prices:

"Trade association officials cited aggressive reinvestment rates and already announced commitments to increase US refining capacity in response to public anger over high gasoline prices.

They also called for action against those who attempt to excessively profit from supply problems. "The oil industry does not condone price-gouging. We support investigations and punishment of anyone who is found guilty."

US Energy Information Administration figures show that the nationwide average retail regular unleaded gasoline price climbed from $2.24/gal on Feb. 20 to $2.914/gal on Apr. 24.

Cavaney and Felmy said crude oil prices rising in response to increased global demand, refining capacity lost during last year's hurricanes that has not been restored, and additional costs as refiners switch to ethanol from methyl tertiary butyl ether as a gasoline additive are mainly responsible.

"We've expanded capacity by the equivalent of 10 to 12 state-of-the-art refineries," Felmy said.

He and Cavaney also said federal lawmakers set a May 5 date for the switch to ethanol from MTBE in the Energy Policy Act of 2005. "The industry suggested and supported phasing down the use of MTBE. Congress decided otherwise," Cavaney said.

They pointed out that ethanol, unlike MTBE, can't be shipped through pipelines. Consequently, time and money are being consumed to develop sites at terminals and elsewhere for blending ethanol near points of sale.

The article offers some numbers to support their comments - such as oil and gas industry earnings the past 5 years have averaged 5.9¢/dollar of sales, compared with 5.6¢ for all US business. In 2005, the figures were 8.5¢ and 7.7¢, respectively. I'd be interested in knowing the earnings/dollar sales since Katrina. As for the ethanol factor being a contributing issue, sounds reasonable, but all in all what the industry is essentially arguing amounts to a "perfect storm" scenario of numerous factors suddenly, albeit finally, coming together to drive prices through the roof - and profits with them. The industry is certainly entitled to fair profits for the risks they take, but much of the public anger over gasoline prices has to do with today's politics coupled with the fact that while our nation is at war for our very survival as a civilization, and possibly facing a nuclear showdown with Iran, the oil companies are stuffing dollars in their pockets like there's no tomorow.

Of course there just might not be - a tomorow if we can't get this war won against jihadism and the Iranian pursuit to rule the world.

Related: Locate our own local and less expensive suppliers of fuel by entering your zip code at this MSN site... But skip over Exxon Mobile.

Posted by Richard at April 27, 2006 8:24 AM



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