Exxon Mobil Declares Massive Profits for First Quarter:
Times couldn't be better for the oil industry. The world's richest oil company has declared the "fifth-highest quarterly profits ever recorded by a publicly traded company" as reported in today's Washinton Post.
Attempting to cover up Republican complicity in the oil industry's profiteering, "With gasoline topping $3 a gallon in some parts of the country, Senate Republicans said they were introducing legislation to send $100 rebate checks to millions of taxpayers, repeal tax breaks for oil companies, provide new protections against price-gouging and suspend crude oil deposits into the Strategic Petroleum Reserve for six months" (Washinton Post).
So, if you were a Texas oil company and your profits had stagnated, wouldn't it be great to have a president who would be willing to drive the country into unnecessary wars that would help push your profits through the roof?
Times couldn't be better for the oil industry. The world's richest oil company has declared the "fifth-highest quarterly profits ever recorded by a publicly traded company" as reported in today's Washinton Post.
Attempting to cover up Republican complicity in the oil industry's profiteering, "With gasoline topping $3 a gallon in some parts of the country, Senate Republicans said they were introducing legislation to send $100 rebate checks to millions of taxpayers, repeal tax breaks for oil companies, provide new protections against price-gouging and suspend crude oil deposits into the Strategic Petroleum Reserve for six months" (Washinton Post).
So, if you were a Texas oil company and your profits had stagnated, wouldn't it be great to have a president who would be willing to drive the country into unnecessary wars that would help push your profits through the roof?
posted by Jim | 8:53 PM
1 Comments:
And instead of doing something about astronomical prices at the pumps, we are just going to give $100 back to the people so that they can pay it right back to Exxon Mobil.
Yet, Republicans in general are deeply opposed to windfall profits taxes. Anybody see the quote in the times from Pennsylvania Senator Rick Santorum? He blamed Democrats for the hold up on energy legislation.
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