Monday, February 25, 2008

Any bets on the outcome?

Not quite as long as Jarndyce & Jarndyce, but the civil suit against Exxon for the Exxon Valdez oil spill has reached the Supreme Court. Many years ago, when money had value, a judgement of $5 Billion was brought against Exxon. One appeals court reduced that by half and now it goes before the corporation friendly Supreme Court. Keeping in mind that Exxon has had 14 years to set aside funds to cover this, remember also that Exxon made $40 Billion net last year. My bet is that Clarence Thomas will write a patently ridiculous majority ruling to void the judgement and the other four will be unable to stop laughing while he reads the ruling next spring.

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