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I'm sure other members can come up with a link regarding this as I've heard it on the news already.
What I'm wondering is, is this really such a good idea. Exxon is already a huge company, and such a merger strikes me as ultimately creating a "too big to fail" scenario, except with an oil...
This reported by ABC:
I have a question though: Is this an apples-to-apples comparison? These are safety violations at refineries, not drilling rigs.
Did these other companies with fewer violations operate a comparable number of refineries?
My hopes that she'll actually answer these questions are not very high, but I figured I'd oblige her demand that a new thread be started about this, just to confirm my suspicion that she has no answers for them.
I would like to know three things regarding your obvious distaste for the profits...
Story #1: Exxon may soon pass GE as world's biggest company - May 7 2004
Story#2: Exxon's Valdez Fines Still Unpaid - March 24, 2004
10 years later an not a dime. Simply another case of the two-tiered legal system that exsists in the US. One for the rich, one for the poor....sad.
http://www.montgomeryadvertiser.com/NEWS/StoryLocalbreak14.htm
Let's see if education will still be priority number one now that we have the money. Earlier this year, a state tax hike under the guise of education (but riddled with unnecessary piggyback taxes) was voted down.
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