4 ms·

This is ridiculous. For decades, New Yorkers, like all Americans, have enjoyed the benefits of cheap energy. Exxon and other oil companies are giving consumers

This is ridiculous. For decades, New Yorkers, like all Americans, have enjoyed the benefits of cheap energy. Exxon and other oil companies are giving consumers what they want.

saagarjha 7y ago
Do consumers want a ruined planet?
- orf 7y ago
  After seeing the absolutely bonkers car culture that America has, then yes. At least yes as an implicit result of the lifestyle they cannot or will not stop.
  - jogjayr 7y ago
    > > Do consumers want a ruined planet? > After seeing the absolutely bonkers car culture that America has, then yes. The planet is a lot more than just America.
gmanley 7y ago
They are getting sued for allegedly lying to their investors. How does them continuing to sell oil to consumers have any relevance?
losteric 7y ago
They lied to the public about side effects of their product. That's ridiculously illegal.
- SpicyLemonZest 7y ago
  Maybe they did, but this lawsuit isn't about that. The lawsuit claims only that they lied to investors about how they were managing the financial risks of increased climate regulation.
  - deleted 7y ago
    [deleted]
smt88 7y ago
You could make the same argument about tobacco companies and it would be equally weak. Even if this case were about whether Exxon was supplying a demand, which is dubious (most of their consumers were industrial, and individuals had no other options), they still suppressed research about the environmental impact of the product. You can't argue "free market" when the seller is part of an oligopoly and abused its enormous power to misinform the public and buy politicians.
esailija 7y ago
There is no evidence that markets reflect what people want. It's just religiously taken for granted. Even though I shouldn't try to disprove anyhting that hasn't been proven in the first place. Think about this: When anyone purchases anything there will always be a million things they would disapprove about the product (how it's produced, how its workers are treated, how environment friendly it is, how much advertisers lie about it, what the company does with profits, does the company use unfair competition practices, does the company avoid taxes and so on and so on) but purchase it anyway because there is no alternative. The critical error and monumental stupidity is to use this purchase as a signal of approval of everything the consumer actually disapproves of.

This is ridiculous. For decades, New Yorkers, like all Americans, have enjoyed the benefits of cheap energy. Exxon and other oil companies are giving consumers what they want.

saagarjha 7y ago

Do consumers want a ruined planet?

orf 7y ago
After seeing the absolutely bonkers car culture that America has, then yes. At least yes as an implicit result of the lifestyle they cannot or will not stop.
- jogjayr 7y ago
  > > Do consumers want a ruined planet? > After seeing the absolutely bonkers car culture that America has, then yes. The planet is a lot more than just America.

gmanley 7y ago

They are getting sued for allegedly lying to their investors. How does them continuing to sell oil to consumers have any relevance?

losteric 7y ago

They lied to the public about side effects of their product. That's ridiculously illegal.

SpicyLemonZest 7y ago
Maybe they did, but this lawsuit isn't about that. The lawsuit claims only that they lied to investors about how they were managing the financial risks of increased climate regulation.
- deleted 7y ago
  [deleted]

smt88 7y ago

You could make the same argument about tobacco companies and it would be equally weak. Even if this case were about whether Exxon was supplying a demand, which is dubious (most of their consumers were industrial, and individuals had no other options), they still suppressed research about the environmental impact of the product. You can't argue "free market" when the seller is part of an oligopoly and abused its enormous power to misinform the public and buy politicians.

esailija 7y ago

There is no evidence that markets reflect what people want. It's just religiously taken for granted. Even though I shouldn't try to disprove anyhting that hasn't been proven in the first place. Think about this: When anyone purchases anything there will always be a million things they would disapprove about the product (how it's produced, how its workers are treated, how environment friendly it is, how much advertisers lie about it, what the company does with profits, does the company use unfair competition practices, does the company avoid taxes and so on and so on) but purchase it anyway because there is no alternative. The critical error and monumental stupidity is to use this purchase as a signal of approval of everything the consumer actually disapproves of.