Steve Coll reports from inside the ExxonMobil Death Star
ExxonMobil and American Power
by Steve Coll
$36.00 List Price
ExxonMobil, the worlds’s biggest and most profitable corporation, is used to being viewed as the bad guy. Every time recession-strapped Americans face new spikes in the cost of gas, the oil giant’s profits ratchet up even more. In 2008, record-high gasoline prices were the direct driver of ExxonMobil’s forty-five billion dollars in profit, the largest total in corporate history.
The company also occupies an outsize role in the nation’s politics—as you’d expect would be the case for any firm booking profits in the mid-eleven-figure range. Since 1998, ExxonMobil has pumped $9.4 million into congressional and presidential campaigns—87 percent of that to Republicans—and spent $169 million on lobbying Washington. The company was responsible for soaking Alaskan sea otters with spilled crude, its former CEO
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