Exxon Mobile need to be broken up Do you agree?

Answer 1

Why would Exxon need to be broken up? Despite what lots of people - and I definitely am not talking about idiots like Hillary "Take Their Profits" Clinton - would lead you to think, oil companies are not monopolistic and manipulative corporations extorting American drivers. Oil is one of the most free-market-driven commodities on earth, and the total fungibility of it means that nobody has power over its supply or distribution. Even the OPEC nations don't have any sort of control because if they shut off their oil wells then they will become poor overnight.
Many of the giant oil companies have become that size by taking enormous risks that paid off, and to not reward that risk-taking inhibits the very nature of capitalism. I would be careful about choosing the precedents you want to set.

Answer 2

Yes, I agree: Exxon Mobile should be broken up, so that a huge energy meltdown takes place, and we'll be spending $5 a gallon for gasoline. Definitely!

Answer 3

Why? Because they make profits selling something everyone uses or needs? I thought that's what " capitalism" was all about...you know the system whereby the hardest working people get paid a lot and then give some of their money back in taxes so other peoples can go to school for free, and get medical care, and pay for poor single moms, etc, etc.
The same people who whine about Exxon Mobil pay $2.80 for a PINT of groovy water...or $ 5.85 for a mocha jamokie latte frappee.... ( and the freakin' water ain't from no " mountain spring" and nobody had to drill 10000 ft under the floor of the raging North Sea to get those coffee beans)
THINK about it ...a lot of things get done on $50.00 worth the gas ...someone gets to work...some electricity is generated ( you know creating jobs and safety, running farm machinery,getting products to market..........$ 50.00 worth ( one stinkin' 60 ounce pot) of Starbuck's coffee does what??
Call Hillary and get going on breakin' up nonsense like that.

Answer 4

Again? (Standard Oil was broken in 34 companies in 1911)

Standard Oil Company of New Jersey was Exxon.
Standard Oil Company of New York was Mobil.

Both merged in 1999

I believe Exxon Mobil will merge with Marathon Oil in the future.

Answer 5

No, I do not agree. They are not a monopoly. Checking gas stations around my area, I find Exxon, Mobil stations along with Shell, Citco, Valero, Lukos, BP, Hess, Getty, Power Test, Ridgeway, and others. Same with home heating oil trucks.

Answer 6

I dont' see how it would do any good. All the gas and oil comes from the same place. It wouldn't really matter. Valero or Shell or Chevron would buy up the empty stations and sell the same thing.

Answer 7

Personally, I prefer that it go out of business do to oil
no longer being a viable business model as it has
been replaced by a renewable non-carbon based
alternative.

It would also be nice if it went down in a hail of lawsuits.

Answer 8

Our government should be review all of the monopolistic type situations that were created by the mergers of the late '90s. This is one that should be broken up in my opinion.

Answer 9

opt for to wager they set records for the salary each and each quarter decrease than the Obama administration if he wins. Obama will do certainly no longer something to shrink vast oil salary. How do you think of the millionaires interior the Senate and the abode became millionaires. don't be so naive.

Answer 10

You want to be careful breaking up a corp. Look at the mess we got from the doo-gooders when they broke up ma -bell. It actually cost us more money and the service we got was worse. If it ain't broke dont fix it. I don't think it's broke-yet.