Exxon Mobil: There Goes Another Glass Ceiling...

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ericmortensen

American business is as strong as ever, as proven by the Exxon Mobil giant.  $45.2 billion, even with a 33% drop in the last quarter, is incredible.  In fact, that shatters the ceiling of their past profit records by almost a full $5 billion.

Consider the image below, courtesy of <www.wallstats.com>.  It takes 279 individuals with doctorate degrees a collective lifetime to generate just $1 billion; it would take around 12,500 individuals of the same qualifications a collective lifetime to generate $45.2 billion.

Considering that most people with doctorate degrees actually go on to contribute something positive to the world, they should be getting a pay raise.

Exxon Mobil could do with scaling it back a little.

If you’ve read my first post, Common Sense: A Natural Perspective, then you're aware that I'm not an enormous fan of big oil.  That post addressed my ecological concerns; this one is just to get across the point of how excessive the profits of big oil are.

Imagine what we could do with $45.2 billion if that were put behind, say, efforts to preserve what's left of our rainforests, initiatives to protect endangered wildlife, or programs to generate a cleaner industrial sector.  Yet, that enormous chunk of revenue is going to seep into the pockets of major stockholders, company big shots, etc., etc., with maybe a small portion going to a few humanitarian projects so that the little people don't go on a rampage when they read about Exxon's windfall profits.

Although I’m obviously against oil as a main energy source, I don't have much against the Exxon company itself; just the fact that it continues to haul in incredible revenue even while the rest of the world is dragging in recession.  Exxon could practically give oil away and still make a couple billion a year.  But $45.2 billion?  Really?  That number conjures up images of the $4.00 mark at the pump this past summer, and it's enough to make me cringe.

Another thought: with that kind of money, couldn't Exxon begin developing alternative energy sources for cars?  If they got ahead in that, they'd still be huge leaders in the energy industry AND we'd be running a much cleaner version of the automobile.

Of course, when you're making $45.2 frickin' billion, why change what you're doing?

 

 

Common Sense: A Natural Perspective

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ericmortensen

"Man knows no master save creating Heaven,
Or those whom choice and common good ordain." - Thomas Paine, Common Sense

Two hundred and twenty five years ago, Thomas Paine, one of the most notable of American revolutionaries, published the pamphlet Common Sense, a document that called for secession from Britain and American independence.  His views focused mainly on the legitimacy of monarchs and the state of American affairs at the time.  His demands were clear and concise: an America free from the rule of a king, independent and self sufficient.

Centuries later, even looking past the economic turmoil that surrounds us at the moment, America is a relatively thriving and prosperous nation, with all probability that we will remain a world leader economically, despite setbacks.  We no longer answer to the taxing demands of a king or an oppressive parliament; in fact, we're now allies with the nation that we once regarded as our oppressors.  Our government is stable to the point of being almost dull in nature.  So, all in all, things seem to be going pretty well in that sense...

However, I think it's high time that the Thomas Paine of our time, wherever he may be, needs to get out the pen and write another pamphlet, this time regarding oil independence.

I know this is a touchy subject with a lot of people.  In our home, there are a couple of things you don't talk about unless you want a fight: gay people, politics, and drilling.  I'm in the definite minority here; living in rural Idaho in a strictly Republican, conservative household can be a little stifling.  Even so, despite the wishes of my parents that I remain silent and dull my world view at least until I'm of legal age to move out, I think it's time to add my voice to the call for a nation independent of not only foreign oil, but oil as a main fuel source.

Here's the thing: we could probably run on oil for quite some time still.  There's still plenty to go around.  I could blow through as many Hummers as I wanted without feeling much of a tug.  Oil is an expansive, profitable, and comfortable business.  It's also becoming a creeping focal point of our lives.  Consider: when we watched the cost of gas at the pump plummet below the two-dollar mark these past few months, what was the reaction?  It was comparable to the celebration on New Years Eve 2000.  People often keep better track of the price of gas than they do of the news.  We budget around gas, design additives to make gas last longer, and often get bummed out when we reach the half-tank mark.  We are addicted to oil, and we aren't about to go into rehab without some coaxing.

One of the biggest allures of oil is that it's familiar.  There isn't much science left aside from squeezing every last mile out of that one gallon of unleaded.

But by far the largest of all reasons is that, despite four bucks a gallon this past summer and a upward creeping in current prices, gas is affordable in comparison to machinery that runs off of alternate energy.  If I could afford it, I'd trade my old '96 Corsica in for an electric car in a minute.  The fact is, electric cars or even hybrids at this point are so far out of my buying range that all I can do is cringe every time I have to convert my dollars into oil at the pump.

I know that many people share those sentiments.  Even my father, one of the biggest supporters of big oil, acknowledges that if he could afford a hybrid he'd switch over without much thought.  Here's what makes that impossible: we shrug, give a little sigh, and go right back to throwing our money at the good old combustion engine.

So how do we fight oil nostalgia?  Really, it's common sense, just as the title suggests.

The American economical recession can actually be considered a godsend if you look at it just the right way.  If you follow the news at all, you're aware that the big American auto-makers are dying right now.  Congress turned away their requests for a "bailout" several times, insisting that they come up with a plan that takes them into the future of the industry.  In layman’s terms: no more proverbial 'Hummers'... at least for awhile.

This is a rare opportunity that we have to directly influence the market instead of the market dictating to us.  And unless we grab it, there's always the potential that we will eventually return to the Era of Oil.

The benefits of demanding alternative energy are abundant and obvious, and the most direct are reduced greenhouse gases and emissions detrimental to human health.  America as a leader in alternative energy would shoot us back to the forefront of economical wellbeing and security.  And there's always that perk of not having to stop at Exxon every few days and waste valuable time purchasing a product that we all hate but all depend on.

So, the answer is clear: we demand a movement towards clean vehicles.  We ask the auto-industry to make alternate energy affordable and viable; if they don't, I think their future is fairly clear.  Write to these companies, blog about it, send emails to those you know and ask them to demand the same thing.

The closing chapter of oil's long history is in sight.  In the words of Thomas Paine, "Man knows no master save creating Heaven, or those whom choice and common good ordain."  We aren't obligated to be slaves to oil; we choose to throw off the shackles or to wallow in gas indefinitely.

I think the only real option is self evident.

About Me

ericmortensen

Student at Lewiston Senior High School

Some things are worth preserving; among them, Earth.At an atomic level, we are all essentially the same material; a collection of subatomic particles held together by an attraction that makes existence possible.  We are made of the same basic materials that constitute everything that is, from the molten core of the earth to the waters of our oceans to the nebulas that span across thousands of miles of open space.    At a more mundane level, we all interact.  We rely on our forests for survival just as much as we rely on food and shelter.  Breathing is possible because of a chemical reaction that occurs in every plant.  We rely on our oceans not just for water, but for our existence; a dead ocean is a dead world.     At both of these levels, destroying the bonds that hold us together results in catastrophe.  Without particle attraction, there is no matter; without a healthy and thriving biosphere, we fall apart in much the same fashion.  Humans are meant to interact with the earth; we were never entitled to rule or subject it.  We are not the masters, but rather a member in a partnership that allows both sides to thrive.  We take what we need, we do it with care and tact, and then we work to restore and replenish.  Without a balance of giving and taking, of using while preserving, we gain nothing.     We have one shot at Earth, and we've made it this far into the game.  Let's not mess it up now.


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