According to Business Week, the median compensation for Energy CEO’s is $12.2 Million. That is a 36% increase from last year. In fact, it is the biggest increase of any sector of the economy. Rex W. Tillerson of ExxonMobil had a compensation package of $16.7 million in 2007. The ExxonMobil 2007 stock performance was 24.3%. I guess people in Florida just want the oil companies to get richer with not a real thought to what the facts are. Oil rigs in the paths of hurricanes, now there is a match made in heaven.“I am chicken little the oil baron making $12,000,000, if you don’t let us drill offshore your gas prices won’t go down. We need more drill leases even though we are making obscene profits and won't be using them for years. It is money in the bank for later. We know the time is ripe, because the American people are spooked so we can manipulate them.”
Well guess what American people, it will be a drop in the bucket and you will be sorry. Try to take back those leases later. They just want to stockpile them while you are all being stupid and acting out of fear. Wouldn't it make more sense for oil companies to use the leases they already have first before granting new ones? They aren't going to get to them for years anyway. So let's wait a couple of years. What is the harm? I will tell you what the rush is: The oil companies are afraid of two things: 1) That you will smarten up, and 2) That technology will advance. So they want the leases NOW even though they will not use them for years. I can't believe any of you still believe Bush-Cheney spin. Have you learned nothing?
If we have any smart readers: Scream like murder for them to finally fund research in alternative energy sources. Don't buy into the oil profiteer's hype. Let’s not kill the golden goose (Florida).
4 comments:
There is so much inflation and the dollar is so devalued in relation to their energy executive competitors paid in euros and rubles that energy executives need that much money just to keep up their standard of living. Just like you, right?
Of course, Americans are deficient in math skills and don't realize that for the past decade inflation has been a real wage reduction on the order of five percent per year. Coupled with a stagnant (at best) stock market, and that flushing sound you hear, is your own disappearing net worth.
If you feel poorer, it is because you ARE poorer. And if you voted for Cheney Bush, and think John McCain has a clue about the economy-- he can't even tell you the number of houses he owns-- you deserve whatever is coming.
Here is an interesting fact:
An S&P CEO has to work 3 hours to earn what a minimum wage worker earned in a full year.
from the conference board labor dept., business week.
I just don't understand Florida's residents about-face on drilling off it's coast. What cool aide are they drinking to accept what Bush is saying as gospel truth now? I am not fooled, and I am not all that smart. I am an average person who reads online news. But I read enough to know this is wrong for Florida's fture.
Don't Rig Florida's Economy
WWW.DONTRIGFLORIDA.ORG
So many of us see the truth but it takes a unified voice to make sure 14 days from Florida doesn't get Drilled! (Which we are on course for at the current moment).
We've got a Business sign-on letter and an elected official sign-on letter, sure would appreciate folks circulating that webpage far and wide. Never before has this issue moved so fast - the complancency that it won't happen - just like it's never happened before is what will do us in if folks don't act now.
Post a Comment