Off-the-Wall Street, NYC - (Big Ass Mess): Oil markets are ablaze with persistent reports that Chevron Oil's humongous war chest is about to swallow up Exxon-Mobil, the US No 1 oil company.
The San Ramon-based oil and gas giant has had an immensely successful twenty year-long partnership with the owners of a $950 billion oil and gas-derived Sovereign Trust Fund asset base.
"The company is poised to swoop down on Exxon-Mobil just as soon as the US Supreme Court rules on an appeal to quash the Exxon-Valdez disaster-related punitive damages," an editorial in NYC's BigOilShagger! magazine stated today.
Other news sources in Houston, Texas say the San Ramon-based BigOil colossus is moving into Enron's former 40-storey global HQ 1500 Louisiana Street "which it bought for a song" in a garage sale of the former energy giant's assets back in 2002.
The premises are linked by a skywalk to another former Enron-owned property, the original 1400 Smith Street 50-storey HQ and will provide a new central powerbase for Chevron after it swallows up Exxon-Mobil "shortly after the November presidential election" according to reliable information received.
The company's megabux partners also own around 40% of Occidental stock as well as exclusive drilling rights to a potential 400,000 barrels-a-day of sweet light crude site in a top secret US location.
Alaska Governor Sarah Palin has totally flipped out.