Exxon Mobil lovin' it! Oil hits 2007 high near $63 on Iran tensions

[rec_report]

Exxon Mobil lovin' it! Oil hits 2007 high near $63 on Iran tensions 26 Mar 2007 Oil climbed toward $63 a barrel on Monday, setting a fresh 2007 record, as tensions rose between major powers and Iran over the OPEC producer's disputed nuclear program.

Iran says detained Britons well, location secret --15 sailors and marines currently being interrogated, Iranian official says 26 Mar 2007 Iran says British sailors it detained are well but has not disclosed where they are being held, Britain said on Monday, as tension over their capture and Tehran’s nuclear plans sent oil prices to a 2007 high.

:grr:

[acmavm]

1. All the while the BFEE and their corporate oil buddies are licking

their lips and counting their profits.

[rec_report]

3. Right, UK Gulf of Tonkin II means that Exxon Mobil...

will make a *killing.*

Also, Tony Blair is embroiled in a 'cash-for-honours' scandal, so the the (created) crisis in Iran serves as the ideal Weapon of Mass Distraction for the Poodle.

See: Police told Blair would resign if cautioned 25 Mar 2007 Police officers investigating the cash-for-honours scandal wanted to interview Tony Blair under caution but backed off after being warned that it could lead to his resignation, The Sunday Telegraph can reveal. Allies of Mr Blair indicated to Scotland Yard that his position as Prime Minister would become untenable if he were treated as a suspect, rather than simply as a witness.

[RB TexLa]

2. I love it too.

I will not feel any shame in depositing my royalty checks because of speculative movement in the market.

[YOY]

4. I pass by thier American corporate HQ in McLean, VA 6 times a week

I can almost see the spooge stains on the windows from their apparent joy.

[RB TexLa]

5. You can see Las Colinas from Va?

[YOY]

7. Is their HQ in Las Colinas?

Then the huge complex on the outside of the 495 Beltway in DC is just a branch office?

On edit: EXXON MOBIL FUELS MARKETING HQ is the one I'm thinking of. It's in Fairfax, VA. Gigantic complex they have back there.

[RB TexLa]

9. It's the marketing division, I think

[rec_report]

6. LOL!! I guess I am not allowed to say that I wish the 'insurgents'

would pass their building all week, too! (Just kidding, Talon and TIDE, etc.!)
--Polar Bear

[Selatius]

8. The income tax used to be progressive.

Now, with all the fucking gimmicks and loopholes found in the tax code, they likely pay far lower than you or I in income taxes. What's worse, all that jury-rigging of the tax code as made it vastly more complex and difficult to understand, and they want to keep it confusing to make it difficult to know if somebody is dodging his taxes.

[rec_report]

10. Enron actually received '$12.B in tax rebates'

Tuesday February 5, 2002 (Vol. Seven; No. 21)
This is a Reichwing website, but see this quote:

(Dan) Rather had intoned on the January 18 CBS Evening News: "The Enron scandal is encouraging new looks at a growing trend in corporate America: Using legal loopholes, including offshore hideouts, to avoid federal income taxes altogether. But legal or not, critics say it is outrageous, as CBS's Mark Strassmann reports for tonight's Eye on America."

Strassmann had begun: "Enron was America's seventh-largest corporation, but four of the last five years the company paid not one dime in federal income taxes. To many Americans, that in itself is a scandal."
Bob McIntyre, Director, Citizens for Tax Justice: "Whether it's a big corporation or a rich person, if they avoid paying their fair share of taxes, the rest of us get stuck with the bill."
Strassmann: "Yet many of America's marquis corporate names pay no federal taxes. Some even get millions in tax rebates. According to a study by the Citizens for Tax Justice, in 1998 from the Fortune 500, 24 corporations reported a total of $12 billion in pre-tax profits. With tax breaks, not only did they avoid the usual 35 percent tax rate and paid nothing, together they earned another $1.2 billion in tax rebates...."

http://www.mediaresearch.org/printer/cyberalerts/2002/cyb20020205pf.asp#3

[Selatius]

11. The lesson, boys and girls, is to get rich and hire lobbyists to give you tax breaks/rebates.

Fuck everybody else! You got your piece of the cake now! :sarcasm:

[Blue_In_AK]

12. Gee...

It seems like with all that money, they could finally make things right with the Prince William Sound fishermen who were devastated by the EXXON VALDEZ spill. It's only been 18 years. Assholes!

[rec_report]

14. *Really.* It's unbelievable. n/t

[adigal]

13. Yea for Exxon-Mobil - that wonderful progressive company!!!

Ha!! They never get a penny of mine, I have been boycotting them for a year.

[GreenTea]

15. Bush will keep up the tension...war means profit ...

and Iran has a lot of oil....You don't see Bush pulling this shit in countries without oil...just look at N Korea for one...N Korea doesn't have any resources to steal and so they are basically just left alone...Bush & Cheney are oil & power hungry junkies...they want to steal every drop they can...control the flow keep prices high, create tension keep prices high....Money is their god and reason for living....Using our military to achieve their lust for oil, money & power and lying at every turn...with republican corporate media machine feeding us lie after lie.

[NickB79]

16. Gee, you mean everyone driving SUV's was a bad idea?

Who would have thunk it? :sarcasm:

Even without the war in the Middle East, oil production would still be declining. We have reached the fabled Peak Oil plateau, have been on it for the past couple three years, and are about to fall off of that plateau within a few years at the most.

We didn't learn anything in the first oil shock of 1973, nor in the oil shock of the early 80's. We kept driving bigger and bigger vehicles. We built non-walkable suburbs and exurbs, far away from jobs. We set an example that India and China are now trying to emulate, resulting in them going down the same dangerous path we have set upon.

We have only ourselves to blame, because we treated oil like an infinite resource, not the limited non-renewable resource it actually is.