The Avatar of the Fossil Fuel Industry

I finally got around to reading Private Empire this summer.  (You know how it is:  a bazillion books, papers, articles and every other doggone thing on your reading list.)  I’ve been reading Steve Coll’s stuff in The New Yorker for years.  He’s the dean of the J-school at Columbia.

Private Empire, to a certain extent, follows in the footsteps of The Prize, Dan Yergin’s Homeric saga in which he recounts “the Epic Quest for Oil, Money & Power.”  But Yergin’s book is a historic and geographic sweep of the oil industry while Coll’s book zeroes in on ExxonMobil, the company with the second-highest revenues in the world, $453 billion, in 2012 when the book came out.  They dropped to eighth by 2018 with $290 billion in revenues. Continue reading

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