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U.S. Energy Policy Loves ExxonMobil

craigshieldsPosted on Posted in Climate Change
From my colleague Joe Spease:
For anyone believing the republican and Fox lies about Biden killing the oil and gas companies here is news from today: Exxon Mobil Corporation today announced third-quarter 2023 earnings of $9.1 billion, or $2.25 per share assuming dilution. Cash flow from operations was $16.0 billion, up $6.6 billion versus the second quarter.
Yes, Big Oil is on a profit-making tear right now, and they’ve shelved the idea of PR campaigns that hide this from the world.  They are baking the planet, in exchange for immeasurably large amounts of money.
From the NY Times:

Exxon Mobil Strikes $60 Billion Deal for Shale Giant

The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, is a bet that U.S. energy policy will not move against fossil fuels in a major way.

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