Re: Rail Transit
actually, hawaii is a HUGELY disproportionate (considering our relatively small volume) concern for the oil companies. the fact is, hawaii is the oil companies' most profitable market, by Chevron's own admission.
source
yep, our drop in the bucket (3% of volume) translates into huge moneybags - nearly a quarter of all of Chevron's profits. so i'd say that any large-scale gas-saving solution in hawaii - like rail - would undeniably have the oil companies' assiduous attention.
Originally posted by joshuatree
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Originally posted by GeckoGeek
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...read the following colloquy from the deposition of a Chevron executive named Traeger taken during the state's 1998 lawsuit. His answers to questions by the state's lawyer reveal how good business was for Chevron in Hawai'i:
Q. Now, Hawai'i was a very profitable gasoline market for Chevron, was it not, sir?
A. It was.
Q. One of the most profitable in the country most of the time?
A. It was.
Q. In fact, the most profitable in the country most of the time?
A. I believe that's a fair statement.
State lawyers also found that although Hawai'i made up only 3 percent of Chevron's national gasoline market — it accounted for a whopping 23 percent of its annual profits in gasoline sales!
In other words, ChevronTexaco squeezed the people of a small state with a population of 1.2 million for 23 percent of its profits! There are approximately 294 million Americans living among the other 49 states. Exact numbers are not available, but ChevronTexaco, the world's second-biggest oil company, serves most of them.
Q. Now, Hawai'i was a very profitable gasoline market for Chevron, was it not, sir?
A. It was.
Q. One of the most profitable in the country most of the time?
A. It was.
Q. In fact, the most profitable in the country most of the time?
A. I believe that's a fair statement.
State lawyers also found that although Hawai'i made up only 3 percent of Chevron's national gasoline market — it accounted for a whopping 23 percent of its annual profits in gasoline sales!
In other words, ChevronTexaco squeezed the people of a small state with a population of 1.2 million for 23 percent of its profits! There are approximately 294 million Americans living among the other 49 states. Exact numbers are not available, but ChevronTexaco, the world's second-biggest oil company, serves most of them.
yep, our drop in the bucket (3% of volume) translates into huge moneybags - nearly a quarter of all of Chevron's profits. so i'd say that any large-scale gas-saving solution in hawaii - like rail - would undeniably have the oil companies' assiduous attention.
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