Apparently the term ‘Exxon John’ has been cooked up by the left in its latest attempt to lump McCain in with Bush/Cheney, the ‘two oil men’ in the White House as Nancy Pelosi recently described them.
Clearly Exxon is playing both sides of the fence with the money it doles out to politicians, which makes sense.
If Obama wins and domestic drilling continues to be severely limited by Congress, the oil companies are happy because the supply doesn’t increase and the price stays relatively high – they continue to take in big profits. If McCain wins and they’re allowed to explore for more domestic oil, they’ll have more oil to sell at a decreased price.
It’s a win-win situation for the oil companies, but not for the oil consumer. The only relevant factor for the consumer is the per barrel price. If we allow our oil companies to pump millions of barrels per day of untapped American oil to add to the market, the price will come down.
Exxon Mobil doesn’t care who wins because it’s pretty much all the same to them, but it’s baffling as to why any voter who wants the oil price to come down would see it the same way.
Exxon Mobil: Recipients | OpenSecrets
Obama, Barack $45,650Cornyn, John $45,000
McCain, John $37,966
Clinton, Hillary $23,312
Romney, Mitt $20,750
Dole, Elizabeth $8,800
Landrieu, Mary L $8,000
Paul, Ron $6,808
Domenici, Pete V $6,500
Sununu, John E $6,500
Giuliani, Rudolph W $6,300
Huckabee, Mike $6,289
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