How Powerful Is Big Oil?
Hiking Through Tragedy On The Pacific Crest Trail https://www.youtube.com/watch?v=Qs8fw8S59eI&t=146s Subscribe! http://bitly.com/1iLOHml The fossil fuel ...
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President-elect Donald Trump sparked controversy by appointing the CEO of ExxonMobil, Rex Tillerson, as his Secretary of State. Many fear that including the oil industry in his emerging administration could affect US foreign policy and undo years of environmental policy gains. But the fossil fuel industry is one of the most powerful global industries, and is already deeply embedded in U.S. politics. So we wanted to know, just how powerful is Big Oil? Well, the United States alone is the third largest oil producer in the world, after Russia and Saudi Arabia. In 2011, the combined revenues from the five largest US oil companies accounted for more than 10 percent of the US GDP, approaching $2 trillion dollars. Making up such a big portion of the economy grants “Big Oil” tremendous political...
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President-elect Donald Trump sparked controversy by appointing the CEO of ExxonMobil, Rex Tillerson, as his Secretary of State. Many fear that including the oil industry in his emerging administration could affect US foreign policy and undo years of environmental policy gains. But the fossil fuel industry is one of the most powerful global industries, and is already deeply embedded in U.S. politics. So we wanted to know, just how powerful is Big Oil? Well, the United States alone is the third largest oil producer in the world, after Russia and Saudi Arabia. In 2011, the combined revenues from the five largest US oil companies accounted for more than 10 percent of the US GDP, approaching $2 trillion dollars. Making up such a big portion of the economy grants “Big Oil” tremendous political...
