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...pain at the pump has put Big Oil in the profiteering spotlight again, albeit with an Internet twist. At least one widely distributed chain e-mail encourages readers to boycott stations operated by ExxonMobil, the largest gasoline retailer in the U.S. Exxon's profits roared 44% higher in the first quarter, to $5 billion, on fattened profit margins. The 27 largest energy firms in the U.S. earned $14.1 billion in the fourth quarter of 2000--more than double their profits in the same period a year earlier, reports the Energy Information Agency. Of course, there were no complaints while Exxon...

Author: /time Magazine | Title: Power Struggle | 5/21/2001 | See Source »

...them troubled. Of course, it's not news that political documents shed credibility as quickly as possible, Republican, Democrat, Green or Whig, but some balance would be nice sometimes. Dynergy and Duke Energy, which operate plants in California, saw first-quarter 2000 profits jump 40% and 63% respectively. Exxon Mobil's net income more than doubled last year to $17.7 billion. These are not hard times for everyone...

Author: /time Magazine | Title: Is Bush's Policy Too Oil-Slick? | 5/18/2001 | See Source »

...pain at the pump has put Big Oil in the profiteering spotlight again, albeit with an Internet twist. At least one widely distributed chain e-mail encourages readers to boycott stations operated by ExxonMobil, the largest gasoline retailer in the U.S. Exxon's profits roared 44% higher in the first quarter, to $5 billion, on fattened profit margins. The 27 largest energy firms in the U.S. earned $14.1 billion in the fourth quarter of 2000--more than double their profits in the same period a year earlier, reports the Energy Information Agency. Of course, there were no complaints while Exxon...

Author: /time Magazine | Title: Power Struggle | 5/14/2001 | See Source »

...Corporation member, University treasurer, and chair of the Board of the Harvard Management Company, which oversees Harvard's $19 billion endowment; James R. "Jamie" Houghton `58, chair emeritus of Corning, Inc., and a member of the Board of Directors of a half-a-dozen companies ranging from Exxon Mobil to MetLife, who has most recently he has filled his time as the chair of the Metropolitan Museum of Art; and the youngest member of the search committee—the only one under 60—Herbert S. "Pug" Winokur...

Author: By Garrett M. Graff, CRIMSON STAFF WRITER | Title: Committee's Long, Diligent Search | 5/7/2001 | See Source »

...investigated for its petroleum potential. In the most recent study, in 1998, the U.S. Geological Survey estimated that there could be between 3 billion and 16 billion bbl. of oil in Area 1002. In 1989 the Senate Energy Committee was ready to authorize drilling when the Exxon Valdez disaster spilled almost 11 million gal. of oil, polluting more than 1,000 miles of Alaskan shoreline. The bill was shelved. Six years later, during the Newt Gingrich era, Republicans pushed another bill, but President Clinton vetoed...

Author: /time Magazine | Title: The Last Wild Place: War Over Arctic Oil | 2/19/2001 | See Source »

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