Private Empire

Private Empire

ExxonMobil and American Power

Book - 2012
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From the award-winning and bestselling author of Ghost Wars and Directorate S, a n "extraordinary" and "monumental" exposé of Big Oil ( The Washington Post )

Includes a profile of current Secretary of State and former chairman and chief executive of ExxonMobil, Rex Tillerson

In this, the first hard-hitting examination of ExxonMobil--the largest and most powerful private corporation in the United States--Steve Coll reveals the true extent of its power. Private Empire pulls back the curtain, tracking the corporation's recent history and its central role on the world stage, beginning with the Exxon Valdez accident in 1989 and leading to the Deepwater Horizon oil spill in the Gulf of Mexico in 2010. The action spans the globe--featuring kidnapping cases, civil wars, and high-stakes struggles at the Kremlin--and the narrative is driven by larger-than-life characters, including corporate legend Lee "Iron Ass" Raymond, ExxonMobil's chief executive until 2005, and current chairman and chief executive Rex Tillerson, President-elect Donald Trump's nomination for Secretary of State. A penetrating, news-breaking study, Private Empire is a defining portrait of Big Oil in American politics and foreign policy.
Publisher: New York : Penguin Press, 2012
ISBN: 9780143123545
Characteristics: 685 p. : maps ; cm.


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Dec 25, 2016

Outstanding research and writing. Since this was published in 2012, four years before Rex Tillerson was chosen to be Trump's Secretary of State, Coll's conclusions and revelations are all the more interesting. Tillerson's predecessor, Lee Raymond, was Dick Cheney's buddy so the closeness between ExxonMobil and the Bush White House isn't surprising. But Raymond got out at a good time (if losing the war and ruining the economy can be considered good) because things got tougher when Tillerson took over. So now looks like a good time for Tillerson to step out before things get worse in Indonesia, Nigeria, Equitorial Guinea and Venezuela. On the other hand, it appears that Tillerson has a friend in the Kremlin and he will certainly play that card even if he is theoretically not involved at ExxonMobil.

Illya1 Jul 15, 2013

A nice book to read to still has any illusions that our country is good. All those ideas are toss aside and completely destroyed. I am amazed that the American government allowed to publish this book. Excellent research and investigation of the Oil industry and anybody related to it. Anybody who read this book cannot say that people like Dick Chenny, George Bush and even Bill Clinton have American Interests best at heart. It expoeses the ugly truth of Oil business and what is takes to go to the top.

Mar 22, 2013

Negative rating for lack of valid scholarship and research: Coll, the president of the New America Foundation (principally funded by Peter G. Peterson's Peterson Foundation [protege of David Rockefeller, his mentor] and the Pew Charitable Trusts [the oil company people]), passes on the popular mythology that Rockefeller's Standard Oil was really broken up into 34 individual companies. As we know from John Moody's "The Masters of Capital" this was only broken up on paper, and from various other sources we know that holding companies were created, stocks were transferred to them, obfuscating the true ownership or lack of actual divestiture. We also know how this was done, thanks to William C. Moore's "Wall Street" which explains that Standard Oil was traded in the Curb Market then (not the New York Stock Exchange) thus making opaque the ownership of their assets during this so-called break-up. Coll can't or won't tell us the real ownership of ExxonMobil, because he's paid not to. (ExxonMobil is essentially Standard Oil, only bigger and more powerful today.)

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