How the oil and gas industry rigs the system to keep winning

How the oil and gas industry rigs the system to keep winning

Naomi Oreskes and Jeff Nesbit write:

Despite countless investigations, lawsuits, social shaming, and regulations dating back decades, the oil and gas industry remains formidable. After all, it has made consuming its products seem like a human necessity. It has confused the public about climate science, bought the eternal gratitude of one of America’s two main political parties, and repeatedly out-maneuvered regulatory efforts. And it has done all this in part by thinking ahead and then acting ruthlessly. While the rest of us were playing checkers, its executives were playing three-dimensional chess.

Take this brief tour of the industry’s history, and then ask yourself: Is there any doubt that these companies are now plotting to keep the profits rolling in, even as mega-hurricanes and roaring wildfires scream the dangers of the climate emergency?

Ida Tarbell is one of the most celebrated investigative journalists in American history. Long before Bob Woodward and Carl Bernstein exposed the Watergate scandal, Tarbell’s reporting broke up the Standard Oil monopoly. In 19 articles that became a widely read book, History of the Standard Oil Company, published in 1904, she exposed its unsavory practices. In 1911, federal regulators used Tarbell’s findings to break Standard Oil into 33 much smaller companies. [Continue reading…]

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