By Jim Jubak Senior Markets Editor - MSM
Sorry, but ExxonMobil (XOM, news, msgs) critics are just plain wrong. They've picked the wrong target for their rage. ExxonMobil is actually doing a good job at what an oil company is supposed to do: find oil and gas and sell it to make money for its shareholders.
Want to get mad at somebody? How about oil-company executives like Lee Raymond, who resigned as chairman and CEO of ExxonMobil last December after pocketing $4 million in salary, $4.9 million in bonus and $32 million in stock -- just for 2005? Or the boneheads in Washington who, flush with oil and auto company campaign dollars, have kept automobile mileage standards stuck at the same level since 1985? When any politician pretends outrage at the pain the "average consumer" feels at the pump, blow 'em the raspberry they deserve.
Want a short-term fix? Drive less. Drive slower. Car pool. Take a bus. Buy a more energy-efficient car. Put a solar hot water heater on your roof. Lobby Congress to stand up to Detroit and require higher miles per gallon in the cars it builds.
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