• 3 minutes Will Iron-Air batteries REALLY change things?
  • 7 minutes Natural gas mobility for heavy duty trucks
  • 11 minutes NordStream2
  • 1 min GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 hours U.S. Presidential Elections Status - Electoral Votes
  • 3 hours And now, hybrid electric locomotives...
  • 6 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 6 hours World’s Biggest Battery In California Overheats, Shuts Down
  • 3 days Los Angeles to Open Five New Natural Gas Plants to Avoid More Outages.
  • 1 hour The unexpected loss of output from wind turbines compels UK to turn to an alternative; It's not what you think!
  • 7 hours The Painful Death of Coal
  • 32 mins Ozone layer destruction driving global warming
  • 23 hours China Sees Opportunity As Venezuela’s Oil Industry Hits Rock Bottom
Natural Gas Prices Can Still Double From Here

Natural Gas Prices Can Still Double From Here

Natural gas prices have absolutely…

Global Oil Supply Set To Overtake Demand

Global Oil Supply Set To Overtake Demand

Global oil supply is set…

Supreme Court Justice Sells Exxon Shares

U.S. Supreme Court Justice Samuel Alito has sold off his stock in Exxon Mobil Corp. worth up to $250,000, according to Reuters.

In 2008, Justice Alito had to step away from a case involving Exxon, which led to a reduction of punitive damages to be paid by Exxon for the 1989 Exxon Valdez oil tanker spill off Alaska. When this case was in court, Alito owned Exxon stock worth more than $100,000.

According to Bloomberg, with Alito stepping down from the Exxon case, the court was evenly split.

On 24 March 1989, the tanker, Exxon Valdez, ran aground, spilling 240,000 barrels of crude oil into Alaska's Prince William Sound. The court decision reduced punitive damages to be paid by Exxon from $2.5 billion to around $500 million.

Judge Alito received the Exxon-Mobil stock as a bequest in May 2004, with the source of the bequest undisclosed, according to the Wall Street Journal.

Related: Get Ready For $80 Oil

A recent report from the Center for Public Integrity said that at least six — and perhaps as many as all eight — U.S. Supreme Court justices are worth at least $1 million.

The center listed Stephen Breyer as worth at least $6.1 million but possibly as much as $16 million. Second on the list was Chief Justice John Roberts, with a net worth of at least $4.2 million, followed by Ruth Bader Ginsburg, Alito, Sonia Sotomayor and Elena Kagan worth more than $1 million.

By Charles Kennedy of Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Russian Jew on June 22 2016 said:
    So justices are filthy rich - I got it. Now what does Center for Public Integrity say about Clintons?

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News