April 29th, 2005

Ouroboros

My God

Exxon Mobil CEO Lee Raymond should be enjoying a victory lap right about now. But instead of celebrating the fact that surging energy prices have brought his company to within shouting distance of the top spot on this year's FORTUNE 500 (it's No. 2 again), the soon-to-retire CEO suddenly has a new anxiety: how to spend the windfall wrought by $ 55-a-barrel oil. By the end of April, Exxon will have a cash hoard of more than $ 25 billion.


I have an idea: FIGURE OUT WHAT TO DO WHEN THERE ISN'T ANY MORE OIL, YOU IDIOTS!