Let's talk about Energy, George
January 30, 2006 10:48 AM Subscribe
So, you're gonna talk about energy?
Wonder if the President will mention the record profits
his buddies in big oil have been earning. Exxon Mobil who made a record $25.3bn (€19.4bn) profit in 2004
, earned a company record $9.9bn (€8.2bn) in the fourth quarter of 2005. In the same quarter, Condoleeza Rice's former employer Chevron, who once named an oil tanker for their former vice president, earned a record $4.14bn (€4.43bn)
. The third-largest US oil company, ConocoPhillips, has reported a fourth quarter profit of $3.68bn (€3.05bn), a 50% leap from the same time a year ago.
The industry claims
that oil companies earn 7.3 cents on a gallon, but "Exxon's profit for the year... a staggering $36.13 billion is bigger than the economies of 125 of the 184 countries ranked by the World Bank. Profit rose 42 percent from 2004."
You gonna talk about that, George?
posted by three blind mice (80 comments total)