ExxonMobil posted record profits

[scaeagles]

And also, I might add, they have to deal with legal issues and suits brought by groups such as the Sierra Club or Greenpeace. Say what you wish about these groups, but they oppose pretty much everything. They are even starting to oppose wind power because windmills are killing birds (no link - just something I've read).

Why else, Mr. McSam, would the oil companies NOT want to expand their business?

I don't buy the "they're making enough profit now" argument. If it is profitable, they will do it. If it is not, they will not. Government regulation and legal maneuvers (sp?) by environmental groups, as well as the NIMBYs, are what stops them from doing it.