Shocking news, with global oil price at all time highs, Big Oil produced a big profit, John Porretto, AP Business Writer [1]
Reuters – A view of the Exxon Mobil refinery in Baytown, Texas September 15, 2008. (Jessica Rinaldi/Reuters) HOUSTON – Exxon Mobil Corp., the world’s largest publicly traded oil company, reported income Thursday that shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83 billion in the third quarter
Hippocrit, Mrs Clinton, among others was not pleased, Chris Good, Hill [2]:
Sen. Hillary Rodham Clinton (D-N.Y.) blasted oil companies and U.S. energy policy today, responding to news that Exxon Mobil raked in the highest ever quarterly profit for a U.S. company Thursday with its third-quarter earnings of $14.83 billion.
In a time of record oil price, beyond Big Oil’s control, Exxon/Mobil produced products which American drivers needed and used. Exxon/Mobil did what companies are expected to do, produce commodities. They garned a profit. So what!
As I blogger earlier, while Americans were being forced to walk to the poor house. members of Congress continued to use their public office to increase their personal wealth, Rob Hotakainen, McClatchy Newspapers [3]
:
WASHINGTON — Times are tough, but don’t worry about most members of Congress making ends meet.
Their collective wealth grew by 13 percent last year, leaving them in better shape than most Americans to make it through an economic downturn, according to a new analysis of personal financial reports.
Exxon/Mobil, and Big Oil, produced motor fuels which American wanted, needed and used. Whereas Mrs. Clinton and her five hundred thirty seven other cronies in Congress only produced an economic meltdown, for which Americans have no desire or need. For this inepitude, members of Congress got even richer. Let start the process of redistribution inside the Capital. After all, it is only fair.
Other bloggings: American Street [4].