Berkeley CSUA MOTD:Entry 37490
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2018/11/18 [General] UID:1000 Activity:popular
11/18   

2005/5/3-4 [Science/GlobalWarming] UID:37490 Activity:nil
5/3     America will never be energy independent.
        http://www.salon.com/news/feature/2005/05/04/oil_independence/index.html
2018/11/18 [General] UID:1000 Activity:popular
11/18   

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www.salon.com/news/feature/2005/05/04/oil_independence/index.html -> www.salon.com/news/feature/2005/05/04/oil_independence/index_np.html
Investor Relations News The gushing truth Contrary to Bush, enviros and Thomas Friedman, America will never be ener gy independent. The sooner we accept this, the sooner we'll be able to c hange our gas-guzzling ways. e-mail May 4, 2005 | It would be easy to blame it on Richard Nixon. He started blathering about "energy independence" shortly after the Arab oil produ cers raised prices and launched an embargo against the US in October o f 1973. Within weeks, oil prices quintupled and the American economy wen t into seizures. Let's see, during the first quarter of this year, Exxon Mobil's profits jumped 44 percent. Royal Dutch/Shel l's profits were up 42 percent while Marathon Oil's profits were up a me asly 26 percent. Want to read the rest of this article and all of Salon for FREE?. Just watch a brief advertisement to get a FREE Site Pass for today. Or you can join Salon Premium today and rea d Salon without ads.