Exxon-Mobil announces its largest profit ever in the third quarter, July- September, following its record breaking second quarter profits. This is the same quarter that gas prices rose to over $4 a gallon forcing small businesses to raise prices or curtail scope of business, forcing airlines to reduce flight schedules and layoff employees, forcing farmers to increase food prices, and forcing some schools to go to a four day school week to save on rising fuel costs. The impact of this energy crisis was widespread but evidently wasn’t hurting Exxon-Mobil.
This is the second quarter in a row that Exxon-Mobil broke profit records. In the second quarter Exxon-Mobil earned a record $11.68 Billion, in the third quarter earned $14.83 Billion. Is it me, or does this not seem quite right given the extraordinary hardship rising fuel costs have caused us this past summer?
Now if Exxon-Mobil had posted a modest profit or even posted a just better than break even quarter, I would think that Exxon-Mobil had managed their affairs well during this fuel crisis of the record breaking oil costs that was daily fluctuating the costs at the pump. But a record breaking profit??? When the rest of America was faltering towards recession? And they are wanting a tax credit from the government because it would help bolster the economy? What else is going on here?
Bernice Johnson Reagon of Sweet Honey in The Rock wrote this song entitled “Greed.” Here are some of its words.
I been thinking ’bout how to talk about greed
I been thinking ’bout how to talk about greed
I been wondering if I could sing about greed
Trying to find a way to talk about greed
Greed is a poison rising in this land
The soul of the people twisted in its command
It moves like a virus, seeking our anyone
Greed never stops, its work is never done
A creeping, killing, choking, invading everywhere
There really is no escaping greed’s tricky snare
Nothing seems to stop it once it enters your soul
It has you buying anything, spinning out of control
Not partial to gender, or your sexual desire
All it wants is for you to own, to possess and to buy
It rides with the culture, touching us all
Greed really isn’t picky, it’ll make anybody fall
It’s been around a long time, since way before we began
Before this was a nation, greed drove people to this land
Greed driven people created slavery,
Black men, women and children became somebody’s property
Greed is a strain of the American dream
Having more than you need is the essential theme …
When O when, will America realize that our actions of greed impact everyone. Greed is going to be (and current events indicate is) our downfall. Exxon-Mobil from where I sit, it seems your greed is partly responsible for the economic crisis we are facing today. Corporations can no longer operate as if they are islands unto themselves. We need to begin co-operating with each other in living on this planet or face peril. We need to shift our thinking of wanting more and more to wanting what is sufficient. If that is a socialist stance, then sobeit, but cooperation is a core value that I seek to uphold.