After being in class and hearing about what case studies really are, I am very excited to begin one. To examine and understand why things happen they way they do is very interesting.
The Exxon oil spill in the Prince William Sound is extraordinary. I had no idea that to this day, promised recovery efforts have still not been implemented. Wildlife has not returned to the area. Many business collapsed and were promised assistance, only to never receive it. And now Exxon Mobil is making record amounts of profit each year because the gasoline industry is holding all consumers at ransom. How is it that the largest oil company in the world (Exxon Mobil) is recording billions of dollars of profits each year?
On Jan. 30, 2006, MSNBC.com reported that Exxon Mobil had achieved total profits in 2005 of $36.13 billion. Driving prices up on consumers to line their own pockets.
All this after what happened in Prince William Sound? And to this day, legal battles are still ensuing.
I am with Dr. Lambaise on this one. I won't buy gas there anymore. The oil and gas industry seems to be more despicable than the Enron scandal.
All the excuses and justifications of "the price of crude oil has gone up," and "oil producers are cutting production which, in turn, drives up prices" are ridiculous and insane.
I need to learn to rollerblade and ride my bike everywhere...
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