Transcript: Rex Tillerson, ExxonMobil CEO

ABCNEWS Charlie Gibson's Full Interview with Rex Tillerson

Facts from Interview that you might not know:

CHARLES GIBSON: We in the media have made a lot of the profits that ExxonMobil has made, particularly in the last couple of quarters -- more than $10 billion in profits first quarter this year; more than $11.5 billion in the second quarter of the year. When people, I don't know, complain about that to you or say how dare you? Those profits are obscene. What's your best -- in brief form -- what's your best justification?

REX TILLERSON: Well, I think it has to do with an ability to understand just the size of our business. Everything we do, the numbers are very large. I saw someone characterize our profits the other day in terms of $1,400 in profit per second. Well, they also need to understand we paid $4,000 a second in taxes, and we spent $15,000 a second in cost. We spend $1 billion a day just running our business. So this is a business where large numbers are just characteristic of it.

Very interesting interview.

Energy Rhetoric vs Reality

The Informed Voter will want to review some details of Energy Rhetoric vs Reality.

Some of the energy rhetoric that are answered are as follows:
Oil Companies are to blame for the high price of gasoline.
Oil companies are demanding greater access..
We can't just drill our way to energy security..
Allowing oil companies to drill would ruin the environment..
We need to get off oil and use renewable and alternative energy..
U.S. oil companies have refused to invest..
It's time to end tax breaks for Big Oil..
Oil company and executives are profiting at expense..

Check the link for informed answers.

How do they compare with what you believe to be true?

Is Wind Energy the Solution?

I'll state up front, I'm not a believer in Wind Energy as the major solution to our energy problems.

Having said that, I am in favor of testing generators at the source of the energy problem where the most hot air is generated--that would be Washington D.C. and San Francisco, CA.

Additional information to consider regarding Wind Energy Projects is covered in the following article by Ed Wallace from the Fort Worth Star Telegram:
T-Bone for Him, Slim Pickin's for US

Wind energy has it's place. Pumping water into a storage tank at a remote location is one I've seen work. Two key principles made this wind energy a practical solution. 1. Water was needed at a location remote to other energy sources. 2. Energy storage at that location was sufficient for the demand.

I question whether either of these fundamental principals are met with any Energy Plan that counts on Wind as the Main Solution.

Maybe the Politicians mandated another new Law of Physics that I missed as they attempted in the Alternative Energy Bill--Automobiles must be powered by food that people can eat. Boy, that should make the world a better place.

Is a law degree really the best training to develop laws of physics?