ADDICTION, POWER AND SKY HIGH GASOLINE PRICES

(04/26/2007)

GASOLINE PRICES WILL EXCEED $3 A GALLON

By Bob Weaver

As gasoline prices strike $3 a gallon for low test, ExxonMobil is continuing to post the largest annual profits in U.S. history.

ExxonMobil has earned about $40 billion in record profits in a recent cycle, while ignoring a shareholder vote calling on the company to set greenhouse gas reduction targets.

ExxonMobil has clout to direct the energy industry and policy makers toward a smarter, cleaner, and more secure energy future.

The national energy policy, or lack thereof, continues to keep America addicted to oil.

Exxon-Mobil continues to deny the urgency of global warming while funding front groups and think tanks that mislead the public about global warming.

The Bush administration is now admitting a global warming problem, but denying it has little to do with fossil fuels.

It's much like saying Rome is burning, but arguing about who struck the match.

Meanwhile, Rome burns, while refusing to invest in clean, renewable energy that will eventually reduce consumer costs, lessen America’s oil dependence, decrease air pollution and health care costs, and curb global warming.

The US government has maintained denial of global warming for years, failing to develop a national energy policy that would reduce dependence on fossil fuels, preferring to demonize environmentalists.

At a recent world summit, several international governments edited the science report to lessen its impact.

Washington has systematically excluded such nay-sayers from hearings and policy making groups, preferring to listen to energy chiefs.

Few American's are aware that ExxonMobil has still not paid the punitive damages it owes for the 1989 Exxon Valdez oil spill, although they did pay their former CEO a compensation package worth about $70 million annually.

An international global warming conference approved a report on climate change a few weeks ago, after a contentious marathon session that saw angry exchanges between diplomats and scientists who drafted the report.

Several scientists objected to the editing of the final draft by government negotiators, but finally did agree to compromises.

Some scientists vowed never to take part in the process again.

The climax of the five day conference ended when the delegates removed parts of a key chart highlighting devastating effects of climate change that kick in with every rise of one degree Celsius (1.8 degrees Fahrenheit).

The United States, China and Saudi Arabia raised the most objections to the phrasing, most often seeking to tone down the certainty of some of the more dire projections.


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