The latest annual survey of the largest companies by Fortune magazine confirms the dominance of oil companies, with 7 in the top 10, despite the steep drop in crude prices in the past year.
This isn’t surprising because we realise the unnatural dependence on oil that humanity has nurtured over the past century. It would not be so worrying if these companies were producing energy from alternative sources, that is low carbon sources. But they are not. The ranking reinforces the message that humanity is consuming buried sunlight in a suicidal way.
The company revenue ranking by Fortune also shows significant changes in US corporate strength because of the economic meltdown.