The Energy Crisis

As Congress continues to debate a long list of tax breaks and Federal subsidies for the oil companies, aka The Energy Bill, we learn that the same oil companies literally have more money than they know what to do with,

Exxon Mobil CEO Lee Raymond should be enjoying a victory lap right about now. But instead of celebrating the fact that surging energy prices have brought his company to within shouting distance of the top spot on this year's FORTUNE 500 (it's No. 2 again), the soon-to-retire CEO suddenly has a new anxiety: how to spend the windfall wrought by $55-a-barrel oil. By the end of April, Exxon will have a cash hoard of more than $25 billion. And if crude prices stay... Continue