A few days ago, I received a delivery of heating oil totally about 150 gallons for my home outside Boston, Massachusetts. The price tag was in excess of $600 at nearly $4.00 per gallon. With, say, 6 -7 oil deliveries during the heating season, my bill would be about $3,600 to $4,200, a challenging cost for an average household income of $50,054.
Shortly after this oil delivery, I saw a TV commercial featuring “Joe for Oil” (aka Joe Kennedy), who pitched his home heating oil delivery service (Citizen’s Energy) for folks, who cannot afford to heat their homes with oil or convert to natural gas.This organization serves Massachusetts and several other cold weather states.
Joe makes the point that, “Citizen’s Energy Corporation exists to help make life’s basic needs more accessible and affordable. At the same time, Citizens Energy seeks to use market opportunities to help the poor and needy.” In his TV commercial, Joe indicated that he contacted major energy companies for home heating oil supplies, but the only one willing to help was CITGO, a Venezuelan state oil company.
One might think that “Big Oil” could afford to help poor households that heat with oil since this industry has an impressive financial record. For example, the headlines below show that “Big Oil” is awash in outstanding profits and tax breaks:
Oil Industry Record Profits
Oil Industry Generous Tax Breaks
Community “Support” from ExxonMobil
As a means giving back to the community, ExxonMobil makes the following claim on its website:
“As we invest in communities, we pursue long-term projects with strategic goals that are aligned with global and social priorities as well as our business strengths. We seek to have a more meaningful impact by focusing the majority of our spending on significant challenges in the regions where we operate.”
Unfortunately, the alleged community investment of ExxonMobil does not help those forced to make a choice between paying for home heating oil or buying food. That’s where Joe Kennedy and the Venezuelan government step in.Tags: Big Oil, ExxonMobil, Home Heating Oil, Joe for Oil, Joe Kennedy, Oil Industry Profits, Oil Industry Tax Breaks