| | USATODAY.com - Alternate energy not in cards at ExxonMobil (Site not responding. Last check: 2007-09-21) |
 | | Data from the U.S. Energy Information Administration show that the 20 big energy companies it tracks, together, earned $1.6 billion in the fourth quarter of 2001, and together earned less than $10 billion in several other quarters in 2001 and 2002. |
 | | Exxon notes it boosted the energy efficiency of its own refineries and chemical plants more than 3% last year vs. 2003, and is investing $100 million over 10 years in a Stanford University project to find energy sources not yet being considered. |
 | | Nevertheless, Exxon's huge profits and its reluctance to use them for alternative energy development are unlikely to win much applause from motorists weary of $3 gas, suspicious that the current decline in prices will be short-lived, and hoping either for plenty of gas on the market or for a cheaper alternative. |
| www.usatoday.com /money/industries/energy/2005-10-27-oil-invest-usat_x.htm (682 words) |