ExxonMobil CEO Says Oil Industry “Not Well Equipped” For Deep Water Spill

The CEO of the world's largest publicly traded oil company told a Congressional panel last week that the oil industry is "not well equipped" to deal with deep water spills like that now ravaging the Gulf of Mexico. Rex Tillerson, an engineer who rose to the CEO chair during his 35 years at ExxonMobil, told Democratic Representative Bart Stupak of Michigan, "that's why the emphasis has always been on preventing these things from occurring: because we're not well equipped to handle them, and that's just a fact of the enormity of what we’re dealing with."
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