Exxon, Shell and Fortune 500

On my return from holiday I bought Fortune magazine to read on the 4 hour train ride from south of France to Paris. It's first time I buy the mag and I actually enjoyed it. It changes from the usual bad-news/gossip mags that are out there.

But when going through the global list of fortune 500 companies I was slightly taken aback.

The number one company for profits in 2008 was Exxon Mobil? Hold on a second, I must have read wrong. We had an oil crisis in 2008, the price of crude oil skyrocketed. Low-cost airlines went broke across the world due to skyrocketing gas prices. People were left without jobs, travelers were left around the world needing to pay new flight tickets. And I could go on about the problems the oil crisis.

Yet what am I reading... that Exxon Mobil had the highest ever profits in their history AND not only that, it seems they beat the records for profits of any American company.

Wow, that's slightly disturbing. It's just against any concept of exchange, value for money or service that I know of. If the price of crude goes up, it is understandable that the price to the consumer would raise. But the price of crude went up to about $151 in 2008. It then went back down to $67 today.

That change hasn't been turned over to the consumers.

Now I went through the list of global 500 companies and find the oil companies all over it. It's OK that they make a lot of money and we all heard the story of the Black Gold. The next surprise... Shell is the biggest company in the world!

In fact Fortune's editor puts a little comment "America's Exxon Mobil remains the most profitable company, with income last year of $45.2 billion. In fact, last year's high oil prices allowed global energy companies to dominate this year's list, capturing 7 of the top 10 slots." 

It's a little sad to see that while the world is struggling to find solutions for the incredible pollution problem, for the low economy and incredible job losses.

And in the back of that the oil companies (which make or break many industries since they all rely on oil) are racking in the profits on their backs!

As a Scientologist there is one fundamental datum that is taught again and again. It's the concept of exchange, to always give slightly better service or product than one has received exchange for. I have always lived with that concept and apply it on my work all the time. The results speak for themselves. The companies I work with are all turning around their sales in an otherwise difficult year.

It seems oil companies could learn from these concepts.

Just an environmentally friendly idea

I had a crazy idea the other day. Maybe it could work - of course it would require someone to lobby the big petrol companies and governments and so forth and while I know by blog is good ;-) I don't know if it is that good yet.

In order to reduce the traffic in the cities we could increase the public transport use. That is a known fact and many big cities are promoting that. However taking a bus, the metro, a subway or train in most countries costs a fortune. And the prices are going up every year. It is like they are trying to get rid of customer!

Now what if the big oil companies did a super PR stunt. They would sell the gas for all buses in the cities at cost. i.e. no profit for them. Even maybe donate some of it (it isn't like they are low on cash - what with all the Iraq resources being opened to them in the last few years). They get a label on the buses saying they have sponsored that and it's great PR for them.

Then we get all the taxes on these buses and metros cancelled, just slash it down to nil. Basically nobody makes profit on the money - but everybody makes profit on the environment sustaining itself a little longer.

The oil companies get good PR on it. The Politicians get good PR on it. The people get less cars and less polution.

We all get to live a few years more on our lovely home.

Well it was a thought, if you have a comment POST it.


PS: It's great to be back.

Global Warming - no skin off my nose

Someone sent me this little story, when reading this post related Global Warming on a familiar blog (ourearthlyrights.blogspot.com which I linked to earlier) I check out regularly I thought I would publish it and you can make your own decisions. This is a subject that many are writing about these days. I also found it on this site (johnalexwood.blogspot.com - and you should check out his article on Spamalot).

A mouse looked through the crack in the wall to see the farmer and his wife open a package. What food might this contain?" The mouse wondered - he was devastated to discover it was a mousetrap.

Retreating to the farmyard, the mouse proclaimed the warning: There is a mousetrap in the house! There is a mousetrap in the house!"

The chicken clucked and scratched, raised her head and said, "Mr.Mouse, I can tell this is a grave concern to you, but it is of no consequence to me. I cannot be bothered by it."

The mouse turned to the pig and told him, "There is a mousetrap in the house! There is a mousetrap in the house!"
The pig sympathized, but said, I am so very sorry, Mr.Mouse, but there is nothing I can do about it but pray. Be assured you are in my prayers."

The mouse turned to the cow and said "There is a mousetrap in the house!There is a mousetrap in the house!" The cow said, "Wow, Mr. Mouse. I'm sorry for you, but it's no skin off my nose."

So, the mouse returned to the house, head down and dejected, to face the farmer's mousetrap alone.

That very night a sound was heard throughout the house -- like the sound of a mousetrap catching its prey. The farmer's wife rushed to see what was caught. In the darkness, she did not see it was a venomous snake whose tail the trap had caught. The snake bit the farmer's wife. The farmer rushed her to the hospital, and she returned home with a fever.

Everyone knows you treat a fever with fresh chicken soup, so the farmer took his hatchet to the farmyard for the soup's main
ingredient. But his wife's sickness continued, so friends and neighbors came to sit with her around the clock.

To feed them, the farmer butchered the pig.

The farmer's wife did not get well; she died. So many people came for her funeral, the farmer had the cow slaughtered to provide enough meat for all of them.

The mouse looked upon it all from his crack in the wall with great sadness.

So, the next time you hear someone is facing a problem and think it doesn't concern you, remember -- when one of us is threatened, we are all at risk. We are all involved in this journey called life. We must keep an eye out for one another and make an extra effort to encourage and help one another get along.

So... Global Warming no skin off my nose?