Quote:
Alternate Energy Not in Cards at ExxonMobil
By James R. Healey,
USA TODAY (Yahoo copy)
Fri Oct 28, 7:14 AM ET
ExxonMobil, which stunned Americans on Thursday by reporting nearly $10 billion in profit for the third quarter, says it has no plans to invest any of those earnings in developing alternative or renewable energy - something other oil companies do.
"We're an oil and gas company. In times past, when we tried to get into other businesses, we didn't do it well. We'd rather re-invest in what we know," says Exxon spokesman Dave Gardner.
Neither will Exxon significantly step up how much money it puts into finding oil or refining it into gasoline, which could help ease tight supplies that have driven oil and gasoline prices to records this year.
|
Looks like they only have their own, self-centered greed to guide them.
Everything's just fine (
for them)
as long as there's no competition.