Re: Exxon posts record profits- again
Hey Rubber, and the rest o' you folks: I come at this from two perspectives. #1 As a capitalist pig, (I was an investment broker [registered rep] for many years). #2 From a personal stand point, (my brother has fished out of Cordova, AK for many years). I had my brother's investment account in 1989, (shocking; [I know] that someone who knows me real good: would trust me with his finances). My brother's formerly very valuable "kelp pounding" fishery was one mile from the site the rock the Valdez hit was located, and he has not fished that fishery since that time: a total loss. I told him then, (and he now reluctantly agrees with me), that the community up there was actually lucky it was XON, (ticker for ExxonMobil known by the 'old timers' as: "ZON", jus' like the old AT&T was known as "Telephone": [T]), that had the bad luck with their Captain as apposed to many lesser companies it could have happened to. XON spent buckets of money, (my brother helped in the cleanup as many fishermen did, and they were very well compensated for their work). He got mad at me when I recomended he back up his truck and pick up the cheap XON shares of stock in his investment account. Hind sight, (20-20) most of my clients that did what I told them smiled all the way to the bank on that particular pick back in 1989. Did XON clean up Prince William Sound? YES! Did they return it to the pristene state it was prior to the spill? Heck NO! Rubber, my gas spewing friend: that just can't be done, that is why they lost the huge judgement that my brother is still waiting for his portion of the $. Have they streched it out farther then anyone in history? YES! Is it natural to be envious of sucess? YES. Especially when we all pay to work or play. That all said: if Hill, Pelosi, or the gutless Republicans find ways to tax, regulate and further discourage a truly great American enterprize like XON: the net effect is to make it easier for our enemies to make the money without restraint. Argentina, Iran come to mind. XON is the world's largest and most profitable Western enterprize: as measured by net profits. Yet they are tiny compared to the Oil companies controled by our enimies and part time allies. If we punnish them for their success, we will just take America out of the oil business and get our fuel exclusively from our enemies. Let's all put that li'l gem in our pipes and fire 'em up! My $.02 Respectfully JR
