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HOWELL RAINS: Exxon Spent Twice As Much On 'Stock Buybacks' as It Did on 'Exploration'

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"The bottom line for the oil people is, 'How much can I make while spending the least I can get by with on refineries, synthetic fuels, and for exploration and drilling on the vast, unused acreage in existing oil leases?'" But "poor oil" would have you believe "they are powerless slaves in the fields of supply and demand."

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At www.wired.com

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