Steve Coll: “The news that President-elect Donald Trump is expected to nominate Rex Tillerson, the chairman and chief executive of ExxonMobil, as his Secretary of State is astonishing on many levels. As an exercise of public diplomacy, it will certainly confirm the assumption of many people around the world that American power is best understood as a raw, neocolonial exercise in securing resources.”
“The goal of ExxonMobil’s independent foreign policy has been to promote a world that is good for oil and gas production. Because oil projects require huge amounts of capital and only pay off fully over decades, Tillerson has favored doing business in countries that offer political stability, even if this stability was achieved through authoritarian rule.”
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