Shouldn't Exxon Mobil bail out the Big 3?
I mean lets face it; No one has profited more from the mass marketing of gas guzzlers. The way I see it, the auto makers did big oil a favor when they stopped researching alternative fuel vehicles in the mid 90's and started building bigger and fancier SUV's and Pickups. You realize that in 1996 GM introduced a production electric vehicle, the EV1. Not only that, but is our gas saving technology getting worse? In 1988, my parents bought a Pontiac Bonneville, it got 30 miles per gallon. In 2005 the same car got 20 mpg. A 1990 model ford f-150 got 15 miles per gallon. A 2008 model gets 14 mpg. Seriously, they are losing technology?
All I"m saying is that Exxon Mobil should maybe adhere to a you scratch my back, I'll scratch yours kind of thing. After all look at the profit difference.
1995:
Exxon - $5.1 billion
General Motors - $4.9 billion
Ford Motors - $5.3 billion
2007:
Exxon (mobil)- $40.6 billion
General Motors - Loss of $38 billion
Ford Motors - Loss of $3 billion
Come on EXXON MOBIL! They scratched your back....puff, puff, GIVE!!
Of course what will actually occur is that the oil companies will not bail out the Big 3. We, the tax payers, will. And the Oil companies, after being aided by the big 3 (and us) will keep their 10 years of record profits.
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