ExxonMobil posted record profits

[scaeagles]

I will add, though, that it is true that oil companies may not be willing to pay for certain infrastructure requirements (again, because of the effect on the bottom line, but this is not a government or environmental issue). As an example, there has been discussion about building an oil refinery in the AZ desert southeast of Phoenix. Out in the middle of nowhere, and certianly not "pristine wilderness" in the least. Well, how does one get oil into the middle fo the AZ desert to refine? The hangup is the pipeline that would have to be built and who would foot the bill for 300 or so miles of pipeline from the gulf of California to the facility.

There are, of course, environmental groups opposing it. As stated before, environmental groups pretty much oppse everything.