June 14, 2005

Bully for Exxon!

A WSJ front page news story today (not those crazy right-wingers on the Ed Page that I love so dearly...) highlights Exxon CEO's, Lee Raymond's, refusal to do the PC thing. Mr. Raymond is going to stick with principle.

Oil giants such as BP PLC and Royal Dutch/Shell Group are trumpeting a better-safe-than-sorry approach to global warming. They accept a growing scientific consensus that fossil fuels are a main contributor to the problem and endorse the 1997 Kyoto Protocol, which caps emissions from developed nations that have ratified it. BP and Shell also have begun to invest in alternatives to fossil fuels.

Not Exxon. Openly and unapologetically, the world's No. 1 oil company disputes the notion that fossil fuels are the main cause of global warming. Along with the Bush administration, Exxon opposes the Kyoto accord and the very idea of capping global-warming emissions. Congress is debating an energy bill that may be amended to include a cap, but the administration and Exxon say the costs would be huge and the benefits uncertain. Exxon also contributes money to think tanks and other groups that agree with its stance.

Exxon publicly predicts that solar and wind energy will continue to provide less than 1% of the world's energy supply in 2025, a subject that others shy away from. Even if fossil fuels are the chief global-warming culprit, Exxon argues, the sensible response is to figure out how to burn them more efficiently.

I want to cry when I see the BP commercials that essentially apologize to people for making and selling their product. Folks are going to have to hear the truth someday.
"We're not playing the issue. I'm not sure I can say that about others," Lee Raymond, Exxon's chairman and chief executive, said in a recent interview at Exxon headquarters in Irving, Texas. "I get this question a lot of times: 'Why don't you just go spend $50 million on solar cells? Charge it off to the public-affairs budget and just say it's like another dry hole?' The answer is: That's not the way we do things."

Bully. Why not engage people on ideas? Well done Mr. Raymond!

Posted by John Kranz at June 14, 2005 1:09 PM

Makes me even more proud that I use Exxon's "Mobil 1" motor oil. I'll have to rethink my preference for Shell's "V-Power" premium fuel, however.

One way to "burn" fossil fuels more efficiently is to extract hydrogen from it for powering the environmentalists' precious fuel-cell cars. But if that were more efficient then it would also be more economical.

How much detergent additives are in Exxon-Mobil's premium fuel anyway? Time to do some research in the hopes of saying, "Sayonara Shell."

Posted by: johngalt at June 14, 2005 2:57 PM

I'd happily change habits as well, but We need some advice from AlexC on the relationship between the stations and the companies -- is it really Exxon fuel at Exxon stations?

Posted by: jk at June 14, 2005 7:22 PM

JK.. it may be Exxon fuel, it may not be. It depends on where your fuel dealer's distributor. I'd wager probably not.

As far as Shell, i think most of their domestic production comes from the Gulf of Mexico. In fact, they are the top Gulf producer.

Better to drill your own well and refine it in the basement. That way you know it's pedigree. ;)

Posted by: AlexC at June 15, 2005 3:49 PM

I'm just waiting for EPA approval on my cracking tower...

Posted by: jk at June 15, 2005 4:39 PM | What do you think? [4]