It's another record!
No, I don't mean the good kind of record.
Exxon Mobil, the world's largest publicly traded oil company, has just posted the largest annual profit ever by any American company - $40,600,000,000 - which tops its own record set the previous year. Exxon Mobil has also just set an all-time U.S. record for biggest quarterly profit.
(Begin Bushbot imitation.) See, buh-huh-huh?! The economy is in great shape, buh-huh-huh! (End Bushbot imitation.)
Hmm. I wonder how Exxon Mobil is making so much money. Ponder, ponder.
With record gas prices and record oil company profits, there's no reason in hell why the government can't control the cost of fuel - despite what the Bob McEwens of the world think.
(Source: http://apnews.myway.com/article/20080201/D8UHHQH81.html)
Friday, February 1, 2008
Exxon Mobil posts record profits! Gee, I wonder why?
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People are still driving cars, so what's the problem here?
ReplyDeleteI don't much like paying $3 a gallon either, but driving is a convenience not a necessity. Bandit himself is proof of that. He doesn't own a car, he gets around on the Peace Bike.
ReplyDeleteThe only legal power the government has to reduce gas prices is to cut gasoline taxes, which amount to 37 cents a gallon in Kentucky and 47 cents in Ohio. In some states it's close to 70 cents a gallon.
Where the fuck do you get the idea the govt doesn't have the power to regulate gas prices????????
ReplyDeleteAnd driving is a necessity, because the booster types put every retail business twenty miles outside of town.