Thursday, February 01, 2007

Who Profits?

This morning the Associated Press reported that Exxon Mobil had reported a record profit for an American owned corporation. Last year their revenues were $377 billion. They profited from $78 a barrel oil and $3 a gallon gasoline and came away with $39.5 billion, yes that's billion. They and the rest of the oil and gas crowd did this without even a hint from Washington that maybe a windfall profit tax might be in order. In fact, the industry was actually being subsidised.

Oil and Gas prices have now fallen but somehow I feel sucker punched. They got away with this while many people are struggling to pay their winter heating bills now that it has actually gotten cold. I hope that some of the folks running for President will mention this fleecing of Americans at some point in the upcoming two year campaign for the White House.

1 comment:

Anonymous said...

Thanks for this story on ExxonMobil. There is another energy giant that wants to dip in the pockets of new mexico tax payers - Sithe Global Power. Please see the take action alert below:

STOP TAXPAYER SUBSIDIES FOR THE PROPOSED DIRTY DESERT ROCK POWER PLANT!

Thank you for your phone calls, emails and letters. The tax subsidy for dirty coal was tabled in the House. But the bill is still alive in the Senate. Please continue to support this effort by:

1. CALLING the Senators below and ask them to OPPOSE SB 431.
2. ATTENDING the “No to Desert Rock” Rally on FEB 5, 2-3PM Round House Rotunda (northwest corner of Paseo de Peralta and Old Santa Fe Trail). For more information please go to: http://www.desert-rock-blog.com/blog

Please call, email or write your Senator and ask them to OPPOSE SB 431.

The Senate is currently considering an $85 million subsidy for the proposed Desert Rock coal-fired power plant. No subsidies or tax breaks to build a dirty plant for electricity to other states – NOT our money, not out of New Mexico ’s pocket into Sithe Global’s wallet.

If Desert Rock is built, all the clean energy and anti-pollution progress we have made in New Mexico will be wasted. Sithe Global claims their plant would be a “clean” coal plant, but it would NOT meet New Mexico ’s standards for power plants and would severely impact surrounding communities and add millions of pounds of carbon and mercury pollution into New Mexico ’s air and water.

Tips: Please call AND write. If the Senator does not have an email or you would prefer to send a hand written letter, please fax the letter to 505-986-4280 or mail it to New Mexico State Capitol, Santa Fe, NM 87501.

Senator: Shannon Robinson, Chair of Corporations & Transportation Committee
District: 17
County(s): Bernalillo
Capitol Office Phone: 986-4856
E-mail: shannon.robinson@nmlegis.gov

Senator: Ben D. Altamirano, Sponsor of HB 431
District: 28
County(s): Catron, Grant & Socorro
Capitol Office Phone: 986-4733

Senator John Arthur Smith, Vice Chair of Revenue Stabilization & Tax Policy
District: 35
County(s): Hidalgo, Luna & Sierra
Capitol Office Phone: 986-4363
E-mail: john.smith@nmlegis.gov

Senator James G. Taylor
District: 14
County(s):Bernalillo & Valencia
Capitol Office Phone: 986-4862
E-mail: jamesg.taylor@nmlegis.gov

Senator Cisco McSorley (Chair of Judiciary)
Distict: 16
County(s): Bernalillo
Capitol Office Phone: 986-4485
E-mail: cisco.mcsorley@nmlegis.gov

Senator Bernadette M. Sanchez, Vice Chair
District: 26
County(s): Bernalillo
Capitol Office Phone: 986-4267

Senator Diane Snyder
District: 15
County(s): Bernalillo
Capitol Office Phone: 986-4375
E-mail: hdsnyder@spinn

Senator Mark Boitano
District: 18
County(s): Bernalillo
Capitol Office Phone: 986-4366
E-mail: boitanom@aol.com

Senator Dianna J. Duran
District: 40
County(s): Dona Ana & Otero
Capitol Office Phone: 585-9896
E-mail: dianna.duran@nmlegis.gov

Senator Phil A. Griego
District: 39
County(s) L.A. ,Mora,Sand,S.M.,S.F. & Taos
Capitol Office Phone: 986-4861
E-mail: senatorgriego@yahoo.com

Senator Stuart Ingle
District: 27
County(s): Chaves, Curry, De B & Roosevelt
Capitol Office Phone: 986-4702

Senator Cynthia Nava
District: 31
County(s): Dona Ana
Capitol Office Phone: 986-4834
E-mail: cynthia.nava@nmlegis.gov

Senator David Ulibarri
District30
County(s): Cibola , Socorro & Valencia
Capitol Office Phone: 986-4260