All Posts from July, 2010
A less than transparent approach to transparency in Congress
ExxonMobil supports competition on a level playing field so that all companies – whether U.S.-based or international – are competing fairly on the same basis. And we support transparency and accountability in the oil and natural gas industry. But in the middle of the night just before the Fourth of July recess, Congressional negotiators inserted a provision into the Financial Regulatory Reform Bill that supports neither transparency nor fair competition.
The real deal on taxes
Yesterday’s New York Times editorial “Big Oil’s Good Deal” should not go unanswered. It falls far short of giving readers the real deal, providing an inaccurate and incomplete accounting of the oil and gas industry’s true tax burden. And if its proposals for punitive and discriminatory changes in tax policy were followed, it would mean a raw deal for America, jeopardizing job-creating investments and undermining U.S. competitiveness.
The Blackbeard well
A couple weeks ago, I talked about our Operations Integrity Management System and how we use it to manage safety and risk at our operations worldwide. Today, The New York Times ran a story that’s an example of how we put that system to work in managing risks related to drilling. The story features our experience in drilling a well called Blackbeard offshore Louisiana.
Preparing for hurricanes
With the hurricane season under way, one of the issues we face is how to help keep the nation’s energy supply moving safely and securely as a storm approaches. I thought I’d share with you some information about what ExxonMobil does to secure our facilities, protect our employees and the public, and maintain critical fuel supplies in case a hurricane threatens the U.S. Gulf Coast.
ExxonMobil/XTO closing investor’s call
For those of you interested, Rex Tillerson and David Rosenthal, our vice president of investor relations and secretary, are holding a teleconference this morning with the investment community regarding the closing of the ExxonMobil/XTO agreement. It started at 10 a.m. central, and you can access a webcast of the presentation on our website.
The right climate for natural gas
As we continue to debate policy options related to energy and the environment in the United States, a new study from the Massachusetts Institute of Technology offers a timely message about the growing importance of natural gas. To substantially curb carbon-dioxide (CO2) emissions through 2050, the study says, the lowest-cost policy option would lead to a shift toward natural gas, particularly for power generation.
