This article is about how the oil company Exxon has been not downsizing or being conservative during the recession, but rather expanding and contracting smaller gas companies. It very recently acquired a natural gas company worth 31 billion dollars. They are also looking for more gas in brazil and Iraq. Although their profit has went down, they are still making billions a year, showing how powerful they are. I find it scary that an oil company can still be doing so well in this economy. If the oil companies have this much money and power then how is a renewable resource or more efficient method of energy use to become popular? This just shows what a predicament our world is in if we are basically ruled by the oil companies, there can be almost no way for a different method for energy to come along if the oil companies are so powerful.
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