ExxonMobil Still Can't Avoid Oil Spills 25 Years After Exxon Valdez

On the 25th anniversary of the terrible Exxon Valdez oil spill, yet another disaster is threatening ExxonMobil's business, though not nearly to the same degree.

Mar 26, 2014 at 9:40AM

It's hard to believe that is has been 25 yeas since the Exxon Valdez disaster off the coast of Alaska. On the anniversary of one of the worst environmental disasters in our country's history, oil spills continue to plague the industry. While ExxonMobil (NYSE:XOM) wasn't at fault this time, it is still be affected.

With the Houston Shipping Channel closed due to 170,000 gallons of oil, ExxonMobil's Baytown refinery has been unable to run at full capacity. While the company hasn't provided guidance as to how badly it has been affected, the refining business continues to be an anchor for the company. Peers like Phillips 66 (NYSE:PSX) are lucky to have other crude oil delivery options, and Valero Energy (NYSE:VLO) has yet to provide any information about its activities in the region. For more on the subject, tune in to the short clip below. 

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This segment is from Tuesday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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