Word: exxonmobil
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Dates: during 2000-2009
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...Heyworth, a local Democratic activist, had grown tired of waiting for the Big Three oil companies to tap their huge natural-gas reserves in the state's North Slope, the long swatch of northern Alaska tundra that includes the largest oil and gas fields in North America. For decades, ExxonMobil, ConocoPhillips and British Petroleum had little incentive to sell the trillions of cubic feet of natural gas that shares space beneath the ice with all those oil deposits. Gas is less profitable than oil and much harder to move to market. The majors could afford to wait until the economics...
...wouldn't be the first time a big project was held hostage by hard-line tactics, critics say. Palin's administration revoked ExxonMobil's leases of Point Thompson, a giant North Slope oil and gas field, for failing to put the area into production over three decades. Palin chided the company for "warehousing" 8 trillion cubic feet of gas. A state judge upheld the state action but said ExxonMobil and its partners should be given another chance to prove themselves. In February 2008 the company submitted a $1.3 billion plan calling for production...
...entry on the site (Wiki contributors noted that he deleted references to his Wikipedia co-founder, Larry Sanger, as well as to a search site he founded that included adult content). Now a monitoring program called WikiWatcher aims to unmask similar transgressions on other Wiki entries - such as when ExxonMobil tried to downplay the environmental impact of the Valdez oil spill and when the FBI deleted aerial images of the Guantánamo Bay detention camp from the camp's entry...
...suggestion that speculation was behind the doubling of crude prices in the past year a "myth," and instead blamed geopolitics, a decline in Russian production and increased demand for the crunch. "Supply is not responding adequately to rising demand," he said. "The problem is above ground, not below it." ExxonMobil CEO Rex Tillerson echoed the last part of Hayward's equation: "Look, it's hard for us to fully understand what's behind the high prices - there's a decoupling from historic indicators. But clearly, demand is driving...
...Even the general agreement on the need for more investment to answer that question came with its own polemics. "Exxon will spend $1.25 billion on research," said ExxonMobil CEO Rex Tillerson. "My company alone is investing at a rate of 60% of OPEC's." But asked what the OPEC was investing to secure future demand, Khelil responded by suggesting his organization was being unfairly targeted. "What are other countries doing? Why don't you ask Brazil? Why don't you ask China? Those aren't OPEC countries," he said. Meanwhile, BP's Hayward blamed high taxes for stymieing necessary investment...