Word: exxonmobils
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...that barely latent anti-Americanism be harnessed to the cause of global climate control? The Greens in the European Parliament, decrying the White House's "irresponsible and egoistic approach to this global threat," called last week for a boycott of American oil companies like ExxonMobil and Texaco. Others, such as Stephan Singer of wwf International, think such moves are counterproductive. "American companies aren't that concerned with whether a few thousand people less buy their gas in Europe," he says. "A boycott will just let the Europeans off the hook." In fact, Europe and the rest of the world...
None of these arguments carry much weight among the oilmen. Phillips Petroleum, BP Amoco and ExxonMobil all hope to profit from ANWR leases. So do Halliburton--the oil-field services giant headed until recently by Vice President Dick Cheney--and Enron, a large energy marketer run by Bush buddy Kenneth Lay. For them, it seems, the only good oil field is a tapped oil field...
...since the Gulf War has America seen oil prices of $35 dollars a barrel, last week's high. And the prospect of stiff prices for heating oil this winter is already giving us a chill. Not surprisingly, share prices for the big three oil companies, ExxonMobil, BP Amoco, and Royal Dutch, have risen accordingly. If you missed Big Oil's runup, consider Not So Big Oil: companies such as Conoco and USX Marathon have been relatively ignored by investors, but they're turning analysts' heads. "These are companies whose profits have exploded while their share prices remain dormant," says...