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To: aShepard
But XOM has not added to exploration, or to building plant

A little further information:

ExxonMobil continued its active investment program in the third quarter, spending $4.4 billion on capital and exploration projects, bringing the year-to-date spending to $12.4 billion, an increase of $1.7 billion versus 2004. Our disciplined project management systems remain a competitive advantage, delivering new supplies of crude oil to the global market.

ExxonMobil Announces Estimated Third Quarter 2005 Results

94 posted on 11/09/2005 11:09:31 AM PST by thackney (life is fragile, handle with prayer)
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To: All

And at the same time, the US government and state government have had huge increases in royalty payments for their 12.5% or whatever deal they make, plus additional tax revenue. We should be asking congress what they are doing with the additional revenue to increase production in the US. I know Alaska is trying to invest the surplus into the Alaska Gas Pipeline to bring more Natural Gas production to the US. Who else is helping?


95 posted on 11/09/2005 11:12:50 AM PST by thackney (life is fragile, handle with prayer)
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