Green Is for Sissies - At Exxon, Making the Case for Oil

[groovedaddy]

SIX years of relentlessly rising prices have showered the oil industry with record profits even as whipsawing energy costs have left many Americans alternately furious and baffled.

Now that the roller coaster ride appears to be screeching to a halt, one corporate giant remains confident it can weather the slowdown and uncertainty better than its rivals.

“It’s not that we like lower prices, but our competitive advantage is more obvious to people in a low-price environment,” says Rex W. Tillerson, the chairman and chief executive of Exxon Mobil, the world’s largest, mightiest oil company. “But in a high-price environment, our competitive advantage has been quite evident as well.”

However undaunted Exxon feels, it’s still facing more complicated scenarios than mere price shifts. It’s straining to adjust to a host of potentially seismic issues that raise pointed questions about its long-term strategy. Oil reserves are harder to find, resource-rich governments have become more assertive, and global warming concerns have spurred forceful calls to action on environmental matters.

http://www.nytimes.com/2008/11/16/business/16exxon.html?th&emc=th

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1. Thanks for posting this.

I got a chuckle out of it reading the paper yesterday. The fact that their PR machine is squawking is always a good sign that the bastids feel threatened.

[Maestro]

2. Exxon Mobil will never change.

They will continue to wring out every last drop of oil, spew out polluntants all for the sake of the mighty dollar. It is good at making money, but no matter the amount of advertising nor sponsorship of environmentally friendly causes, it will never be a good corporate citizen or friend of the Earth.