Friday, May 16, 2008

This Rex Tillerson, CEO of Exxon-Mobile is one smart cookie. This video from the Today show one year ago illustrates just how well he can steer each of Matt's questions to his advantage (His most recent apperance is not as exciting). The crazy part is that it actually does give me a whole new perspective on the big oil companies. Maybe they don't have a responsibility to anyone other than their shareholders. Maybe we should all just buy stock in these companies and make as much money as they are. Unless they become regulated by the government, they are not going to lower prices just to give us all a break. They are in the business of making money for their shareholders just like any other public company and they happen to be doing a very good job. The problem is that we depend on gasoline to go about our daily lives. Who cares if Marriott or Sony records record profits. But when it comes to filling up our tanks, we can only pay so much. Here's the video. It makes you think. Something still needs to be done, but I think I agree that it would not be right for the gas companies to lower their prices without being forced by a stronger hand.

http://video.msn.com/dw.aspx?mkt=en-us&from=truveo&vid=ff00584c-2c8b-4956-a73d-42897bd23f2a

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