Private Empire

Private Empire

ExxonMobil and American Power

Book - 2012
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In this book the author goes deep inside ExxonMobil Corp, the largest and most powerful private corporation in the United States. He investigates the notoriously secretive ExxonMobil Corporation, revealing the true extent of its power. ExxonMobil's annual revenues are larger than the economic activity in the great majority of countries, equivalent to the GDP of Norway. In many of the countries where it conducts business, ExxonMobil's sway over politics and security is greater than that of the United States embassy. In Washington, ExxonMobil spends more money lobbying Congress and the White House than any other corporation. Yet despite its outsized influence, it is a black box.
Publisher: New York : Penguin Press, 2012.
ISBN: 9781594203350
Branch Call Number: 338.76223/COLL
Characteristics: 685 p. : map ; 25 cm.


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Dec 25, 2016

Outstanding research and writing. Since this was published in 2012, four years before Rex Tillerson was chosen to be Trump's Secretary of State, Coll's conclusions and revelations are all the more interesting. Tillerson's predecessor, Lee Raymond, was Dick Cheney's buddy so the closeness between ExxonMobil and the Bush White House isn't surprising. But Raymond got out at a good time (if losing the war and ruining the economy can be considered good) because things got tougher when Tillerson took over. So now looks like a good time for Tillerson to step out before things get worse in Indonesia, Nigeria, Equitorial Guinea and Venezuela. On the other hand, it appears that Tillerson has a friend in the Kremlin and he will certainly play that card even if he is theoretically not involved at ExxonMobil.

Illya1 Jul 15, 2013

A nice book to read to still has any illusions that our country is good. All those ideas are toss aside and completely destroyed. I am amazed that the American government allowed to publish this book. Excellent research and investigation of the Oil industry and anybody related to it. Anybody who read this book cannot say that people like Dick Chenny, George Bush and even Bill Clinton have American Interests best at heart. It expoeses the ugly truth of Oil business and what is takes to go to the top.

Mar 22, 2013

Negative rating for lack of valid scholarship and research: Coll, the president of the New America Foundation (principally funded by Peter G. Peterson's Peterson Foundation [protege of David Rockefeller, his mentor] and the Pew Charitable Trusts [the oil company people]), passes on the popular mythology that Rockefeller's Standard Oil was really broken up into 34 individual companies. As we know from John Moody's "The Masters of Capital" this was only broken up on paper, and from various other sources we know that holding companies were created, stocks were transferred to them, obfuscating the true ownership or lack of actual divestiture. We also know how this was done, thanks to William C. Moore's "Wall Street" which explains that Standard Oil was traded in the Curb Market then (not the New York Stock Exchange) thus making opaque the ownership of their assets during this so-called break-up. Coll can't or won't tell us the real ownership of ExxonMobil, because he's paid not to. (ExxonMobil is essentially Standard Oil, only bigger and more powerful today.)


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