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Exxon Makes Record Profits


Exxon Mobil reported Thursday its best quarterly profit in history, lifted by the surge of prices at the pump, while the European giant Royal Dutch Shell also reported a sharp rise in earnings.
The principal reason for the company's banquet of riches is rising fuel prices. Crude oil prices in the second quarter averaged more than $124 a barrel, 91 percent higher than a year earlier, according to Oppenheimer.

So shocking. It's pretty plain to see why they need to be on corporate welfare. They might have only made regular profits this quarter instead of the biggest profit ever, and we can't have that.

And, ofc, despite this, the investors are still not happy because they expected to benefit even more off the higher gas prices. That would be rich people profiting off of our hardship, the same hardship our politicians keep paying lip service to whenever they want us to vote for them all the while handing the oil companies bags of cash for "research and exploration".

Explain to me again why we shouldn't take all their money away and distribute it amongst the rest of the country. It's pretty clear that these people don't deserve it.

By min | July 31, 2008, 2:21 PM | Liberal Outrage