Dartmouth's Daily Blog
News, commentary, criticism and praise for the College on the Hill, enlivened with history, culture and travel when we feel so moved.
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Breaking: Company Sells You Product, Makes Money
The Agence France-Presse says that “sparks” are “fly[ing]” over the announcement just made in Irving, Texas: ExxonMobil had a gangbusters quarter, raking in $10.36 billion dollars in profit. That’s the second most profitable quarter in the company’s history.
Stoked by skyrocketing crude-oil prices, ExxonMobil’s net profit in the quarter to June came to 1.72 dollars per share. That handily beat Wall Street forecasts for an earnings figure of 1.64 dollars.Yes: And now for the political angle! ExxonMobil is a corporation. It is massive and secret and unaccountable to anyone, you see. ExxonMobil trucks gas to retailers, while minions seated deep in Texas press buttons to determine the global price of their source product, crude oil. The company is presided over by “The Man” and its customer base is “The Little Guy”. Its core competency is “the keeping down of the customer by the president”. This sort of a relationship doesn’t usually make sense, but ExxonMobil forces you to purchase their product.
Total revenues in the three months rose 11.8 percent from the same quarter of 2005 to 99 billion dollars.
In Congress, Democratic lawmakers said the sky-high profits reflected misplaced policies by the adminstration of George W. Bush.
Crystal-clear? Now back to the AFP report:
The soaring profits of ExxonMobil and other oil groups have generated fierce criticism about the industry profiting from consumer misery, prompting some US lawmakers to call for a “windfall” profits tax.Under such misery suffer those consumers! Those pale, loitering lots supernaturally forced to exchange in consumptive transactions over and over again, unable to choose whether, at what price, or from whom they shall have their gas. O, if only they had invested in ExxonMobile five years ago.
The Dark Prince ascends.
August 14, 2013
Breaking: Of Crips and Bloods and Memories of Ghetto Parties
History repeats itself, first as tragedy and then as farce, or sometimes it just repeats itself. From the New York Times on November 30, 1998: At Dartmouth College, white students at a ”ghetto party” dressed…
June 25, 2013
Dean of the College Charlotte Johnson’s War on Students Part (2/2)
Part 1, Part 2 Today’s post again recounts the events that befell the Freshman. However, the content of the Hanover Police department report reproduced in this space yesterday is supplemented by information from my own…
October 18, 2009
When Love Beckoned in 52nd Street
We were at San Francisco’s BIX last evening, enjoying prosecco, cheese, and a bit of music. A full year of inhabitation in Northern California has unraveled to me no decent venue for proper lounging, but…
October 9, 2009
D Afraid of a Little Competish
So our colleague and Dartblog writer Joe Asch informed me that the D has rejected our cunning advertising campaign. Uh-oh. The Dartmouth is widely known as a breeding ground for instant New York Times successes,…
September 4, 2009
How Regents Should Reign
As Dartmouth alumni proceed through the legal hoops necessary to defuse a Board-packing plan—which put in unhappy desuetude an historic 1891 Agreement between alumni and the College guaranteeing a half-democratically-elected Board of Trustees—it strikes one…
August 29, 2009
Election Reform Study Committee
If you are an alum of the College on the Hill, you may have received a number of e-mails of late beseeching your input for a new arm of the College’s Alumni Control Apparatus called…
- The Dartmouth College Case
- 2007 Trustee Election
- Dartmouth Constitution
- Sunday Morning Sinatra
- The Indian Wars
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