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How to spend exxon's billions

Cowboy hat By Jim Hightower and Phillip Frazer - Thu., 9/1/05
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I recently told you about the sad saga of Exxon Mobil, which is making so much money from high gasoline prices that CEO Lee Raymond says he doesn't know what to do with it. So, to help, I asked you to send your suggestions.

A few of your responses were a tad angry; several of you urged that the oil giant fund ads to inform folks about the true costs of our nation's gas-guzzling dependency; many emailers called for channeling Exxon's excess into the development of renewable fuels, replacing petroleum products. As one put it, "Even one tiny, teeny little billion dollars could make a pretty significant difference" in advancing green energy. Many of you had blunt advice for Mr. Raymond, such as, "Pay your DEBT," referring to the billions that the courts have ordered Exxon to pay to Alaskan fishermen and others for the damage done by the Valdez oil spilla court order that Exxon has defied for 16 years now, not paying one dime.

Another blunt respondent asked: "How about you pay for the war?"



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