Why Exxon Loves Global Warming Today's Sacramento Bee publishes a story from the Kansas City Star that reports that consumers in the United States are spending about $2.3 billion more for gasoline and diesel because of higher temperatures. In other words, a warm gallon of gasoline contains more fuel than a cold gallon of gasoline -- perhaps giving new meaning to the term inflation.
So Exxon and the other oil giants have good reason to welcome global warming since it helps to boost their already hugely profitable returns. <http://www.kansascity.com/mld/kansascity/15370193.htm> -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com
