His Boy Enron update: (originally Posted on MySpace Feb 28th)
Exxon Mobil yesterday continued it's fight to lower the $2.5B award, (which accompanied their conviction), for the Valdez oil spill- 'members that-back-20-years what might warrant-a-penalty?' The current award equals about three weeks of Exxon's current net profits. Exxon Mobil: "You mean we might have to pay $5B every time we have a spill that destroys 1100 miles of beautiful coastline along with all the fish/fishing industry...EVERYTIME!??! That's expensive man!" Checkit: I can't believe Exxon doesn't realize what a great deal this is! Prince William Sound was 1,100 miles of contaminated coastline. Almost a perfect 1000 mile cost benchmark which we'll estimate a worst-case scenario of $5B. Including interest. $5B per each cataclysmic oil-spill-event!? Hell! Give me half-a-dozen!
It only equivocates to 66.6% of ONE years-current-net-profits! Exxon Mobil still pockets $16.8B!!! And liberals say that self-regulation doesn't work!
Horse-feathers!
Horse-feathers! In 2001, 11 years after the spill, NOAA did a satellite study of the surface oil still contaminating the once majestic Prince William Sound area and found the linear equivalent of 5.8 km of contaminated shoreline. Subsurface oil must await a different scan study. The Supreme Court decided to hear the case. Great. Maybe they'll knock it down (again) to something reasonable. Say...50 bucks. A decision by the Supreme Court is expected by this summer. I wonder how many more plaintiffs will die between now and then? Exxon Mobil also attempted to seize Venezuelan assets through U.S. and European courts in a dispute over the nationalization of its oil ventures in Venezuela this past week. This move has resulted in Chavez cutting off business with American Oil companies. You think just because you're a popular, freely elected, economic-improving President who is responsible for lifting his people out of poverty and illiteracy, that you can cut American oil companies profit off Latin-American oil from 84% down to 70%?
BUDDY! Them's fighting words! You don't mess with Exxon baby! Just ask Prince William Sound! Then again, when the assassination attempts started to pile up on Chavez, (Pat Robertson is POWERFUL man!), he levied an assassination tax so that every time there was an assassination attempt- the oil industry had to pony up $130 million dollars! Immediately the assassination attempts stopped! Wow! Verrrrrry interestink!!! Hey! Maybe we can start a small war with Venezuela! That'd provide a good distraction for a getaway car! I wonder who'd be in it? Let's see...now WHO just looted (and is currenty looting) our country? How much does gas cost now? Who were those masked men? Do you even remember your President Nixon?
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