The proposed merger of oil giants Exxon and Mobil will create the largest oil company in the world. It will reunite the two largest pieces of John D. Rockefeller s Standard Oil Company, which was broken up in 1911 in the nation’s most celebrated anti-trust case.
And activists this week greeted the merger with outrage. Groups like the Berkeley-based Project Underground and the Public Interest Research Group say the union will contribute to an excessive concentration of financial and political power in a small number of huge corporations, and will threaten the environment, workers’ rights and democratic principles. Already analysts estimate that more than 9,000 workers will lose their jobs as a result of the merger.
Guests:
- Bob Wages, President of the Union of Oil Chemical and Atomic Workers.
- Steve Kretzman, Oil Campaign Director at Project Underground, an oil industry watchdog.
Related link:
Related Story
StoryApr 30, 2025“Trump Is Trying to Break Us”: Trump Threats to Annex Canada Help Liberal Party Win Critical ElectionThe original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.
Top
Media Options