Is it simply business as usual or a corporate conspiracy to destroy the planet? However one characterizes it our planet is being cooked so already wealthy people can make even more profit.
Last Friday the New York Times published a front-page story titled “The Oil Industry’s Covert Campaign to Rewrite American Car Emissions Rules.” The article pointed out that Exxon Mobil, Chevron, Marathon Oil, Koch Industries and other oil/refining interests won “rollbacks” to vehicle fuel mileage rules that “have gone further than the more modest changes automakers originally lobbied for.” The legislative changes are expected to “increase greenhouse gas emissions in the United States by more than the amount many midsize countries put out in a year.”
With internal combustion engines consuming nearly two-thirds of US petroleum, industry profits are threatened by measures that cut gasoline consumption (be it better fuel mileage, diverting funds from roadway, eliminating auto infrastructure, etc.). About 150,000 gas stations do hundreds of billions of dollars in sales every year. In The End of Oil: On the Edge of a Perilous New World Paul Roberts explains that the oil industry’s business model is planned around the gasoline pump, “from the kind of crude oil it sought to the kind of refineries it built, to its intense focus on retail marketing.”
The oil industry’s recent opposition to regulating automakers is consistent with its history of promoting…