That's right. According to the CIA, Exxon makes more in one quarter
than the nations of the UAE or Kuwait make in the entire year.
revenue for the three-month period was still greater than the annual gross
domestic product of some major oil producing nations, including the United
Arab Emirates ($74.67 billion) and Kuwait ($55.31 billion), according to statistics
maintained by the Central Intelligence Agency.
But, they have the nerve to blame
OPEC for rising gas prices.
[Exxon] the world's largest oil company, reported Thursday the fifth
highest quarterly profit for any public company in history, posting
gains from higher oil prices that were likely to stoke the furor over outsized
oil company earnings.
Despite the 7 percent gain in earnings to more than $8 billion in the first
quarter, Exxon Mobil said its earnings came in below its record fourth-quarter
because all three of its business - exploration and production; refining;
chemicals - didn't perform as well.
AAAWWWWW! They didn't make as much as they expected to. My heart bleeds for
them - and I mean that quite literally - straight from my wallet.
And we're supposed to believe that this is a coincidence?
The earnings report comes amid consumer outcry in the U.S. about soaring
gasoline prices. The average retail price of gasoline in the U.S. is now $2.91
a gallon, or 68 cents higher than a year ago.
It also comes as Washington lawmakers are looking to appease consumers
with various proposals to make big oil companies pay more taxes or provide
consumers with some other relief.
Now, you know what they do with all their profits. America, the bastion of
freedom has turned into a cesspool
of corruption where lawmakers don't look for REAL solutions - they 'look
to appease consumers.' Throw them a bone and rub their bellies, they'll feel
better after a coke and smile!
In January, Exxon posted the highest quarterly profits of any public company
in history: $10.71 billion for the fourth quarter of 2005 and $36.13 billion
for the full year.
So, EXXON is number 1 and number 5! Maybe they're also numbers 2, 3, and 4!
Earth to America! This is a wakeup call.
Big Oil has been robbing
us blind for over a century. It's time to put a stop to this travesty.
measures they're proposing are not enough. We need meaningful energy reform
in this country or these bastards are going to continue bleeding us dry at the
pumps and in our homes.
Go to Original Article >>>
The views expressed herein are the writers' own and do not necessarily reflect those of Looking Glass News. Click the disclaimer link below for more information.