Out at the peak

Wednesday, February 08, 2006

Corporations actually tell us what we can do

Earlier, we saw Bush had a proposal to ease off of foreign oil. However, Exxon had to step in and tell the president that it's not going to happen. The real chain of command is exposed.


  • Enron's CEO said fuel prices are lower than prices of other liquids, such as bottled water. What?? Bottled water is about $1/gallon. He also defends his high profits by saying it is expensive to make and distribute petroleum. OK, but costs are not the issue, profits are. He obviously is threatened by Busch's speech. One other comment: this is the first good thing I've heard Busch say, we need to reduce our reliance on oil.

    By Blogger mtnrunner2, at 9:47 AM  

  • I believe he was referring to vending machine water bottles. One pint of bottled water will easily cost $1+ which equates to $8+ per gallon.

    Of course you can buy a 16 pack for $6 wholesale, so the excuse doesn't work well in bulk.

    I don't know how threatened Exxon is from Bush's speech since he is only allocating $150 million in the budget for the Ethanol project.

    By Blogger Out at the peak, at 6:28 PM  

  • My brother works in the oil industry in Alaska. He says it takes about $14 to get a barrel of crude out of the north slope and to the mainland.

    Nice profit there...even before refining.

    By Blogger AmazingRuss, at 12:28 PM  

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