Quote:
Originally Posted by Villages Kahuna
A billion dollars sounds like a whole lot of money, BBQMan. But let's put Exxon Mobil's "generous" investment in research and development into some perspective.
Exxon Mobil had 2011 revenues of over $370 billion. They spent slightly over $1 billion for R&D. That's about 2/10 of one percent for R&D. They paid their shareholders more than eight times that amount in dividends. They paid executive bonuses almost as much as they invested in R&D. The gave an outgoing CEO a "golden handshake" retirement deal worth almost half of what they spent on R&D in 2010.
Forgive me, BBQMan if I'm not the least bit impressed. Your statement on how wonderful the results of their R&D spending has been indicates pretty clearly that you've been drinking deeply of the Exxon Mobil Kool-Aid.
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You 'conveniently' choose not to notice the 32 Billion spent on new field development and capital upgrades, an amount four times what was distributed to the stockholders. You also dodge the key question of whether EM or the US Government is more effective in achieving a rational and sustainable energy policy.
With your thinking this confused, it's obvious you haven't been drinking kool-aid, but more likely dreaming along on LSD.