Word: mobility
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Dates: during 2000-2009
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Conversely, many analysts argue that the best way to create new energy sources and encourage conservation is to raise gasoline prices, not lower them. Fadel Gheit, senior energy analyst with Oppenheimer & Co., defends Exxon Mobil while blasting politicians and consumers. "We're a bunch of crybabies. They pay the equivalent of $6 a gallon for gas in Germany," he says. But with elections looming and consumers fuming, the Republicans can't ignore what every TV news show is headlining the Pain at the Pump. The cost of gas may be high now, but for the Republicans by November, it could...
...nation's largest oil field, is in decline. Production has slumped from a daily average of 1.6 million bbl. in 1988 to just 425,000 bbl. in 2005. To extract whatever oil remains, BP, which operates the field for a consortium of petroleum companies that includes ConocoPhillips and Exxon Mobil, has been taking measures that may have unintentionally raised the risks. Drilling more wells to further develop Prudhoe just adds to the more than 1,700 miles of pipeline that already crisscross the North Slope, increasing the chance of leaks. And other techniques, such as injecting water into old wells...
...immediately and realistically cutting America’s “addiction to oil.” Possibilities include a gas tax, increased subsidies for hybrid vehicles, or penalties for gas-guzzling SUVs. With the right economic incentives, consumers would be happy to pull up to the 76 or Mobil station only every other month in 100-mile-per-gallon, plug-in hybrid cars. According to a 2004 report from the Congressional Budget Office, it is estimated that a gasoline tax of 46 cents a gallon, up from today’s federal tax of 18 cents, would reduce gasoline...
...Numbers $36.1 billion Profit reported by Exxon Mobil for 2005, the largest ever for an American company $22.9 billion Profit reported by Royal Dutch Shell for 2005, the largest ever for a U.K.-listed company...
...foundation but what she is going to offer," he says. "She's not going to bestow greater credibility on our business." To illustrate his point, he refers to the Onassis shipping interests, which the foundation controls. "When I talk to the top people in Exxon Mobil, they want to know who they're talking to; they want to know they trust us to carry their crude. What will they say when they see a young lady with no experience, with no business knowledge?" Papadimitriou told Time that he had invited Athina to familiarize herself with the foundation, but would oppose...