We The Oil Companies Of The United States.
This is ridiculous. The fleecing of America doesn’t end at the pump.
Oil companies do whatever the hell they want. They raise gas prices indiscriminately. They make record profits off the backs of hard working Americans. When they make catastrophic mistakes they get reductions in the penalties given to them.
I urge everyone who reads this to boycott all things Exxon. I’m working on a list but so far I only have Exxon, Mobil, and Esso. Don’t buy your gas there.. they’re looking to sell their stations soon I believe.. i’d love to see them get as little as possible. They are in the business of screwing people, the environment and the country as a whole.
WASHINGTON (Reuters) – The U.S. Supreme Court on Wednesday threw out the record $2.5 billion in punitive damages that Exxon Mobil Corp (XOM.N) had been ordered to pay for the 1989 Exxon Valdez oil spill off Alaska, the nation’s worst tanker spill.
The justices overturned a ruling by a U.S. Court of Appeals that had awarded the record punitive damages to about 32,000 commercial fishermen, Alaska natives, property owners and others harmed by the nation’s worst tanker spill.
In the majority opinion, Justice David Souter concluded the $2.5 billion in punitive damages was excessive under federal maritime law, and should be cut to the amount of actual harm.
It took Exxon Mobil just under two days to bring in $2.5 billion in revenue during the first quarter of 2007.