Exxon Mobil posts record profit of $10.7 billion
The Associated Press reported today that Exxon Mobile Corp. of Irving, Texas "posted record profits for any U.S. company on Monday, $10.71 billion for the fourth quarter and $36.13 billion for the year as the world's biggest publicly traded oil company benefited from high oil and gas prices and demand for refined products. The results exceeded Wall Street expectations."
So while we, the poor American consumers are paying the highest prices in gasoline and home-heating oil in history, Bush's biggest contributers are making their biggest profit. Let's not forget how they're now polluting the environment and sticking us with the cleanup bill thanks to Bush's cuts of environmental regulations. How any American can't see how we are currently being hijacked by big corporations is beyond me? This is what Mussolini called Corporatism.
ConocoPhillips fourth-quarter earnings also rose 51 percent to $3.68 billion, while annual income climbed 66 percent to $13.53 billion. Chevron CorFourthrth-quarter earnings also rose 20 percent to $4.14 billion, while annual income jumped 6 percent to $14.1 billion.
Sen. Babara Boxer called on the Bush Administration and the Federal Trade Commission to "put an end to gouging," and then suggested that FTC stood for "Friend to Chevron."
This news should remind us of Bush's 2003 Operation Iraqi Liberation.
So far the only ones who have really been liberated are the executives in "Big Oil"!
