United States of Exxon
Exxon has done it again. They've outdone themselves by raking in record profits.
We've said it before, but it should be repeated...this is ridiculous. Profit is fine and good but this profit was gained through the misfortune of others. It's not like oil and gas are truly voluntary expenditures for most average folks either, who need to heat their homes and need gas to drive to work. To pillage record profits in this manner is simply unjustifiable.
No wonder we have had the second straight year of negative savings in the U.S. There have only been 4 years in recorded history where Americans had a negative savings rate. The other two years were 1932 and 1933 during the Great Depression. But Bush says the economy is just great so we shouldn't worry.
Speaking of not worrying...the UN says that climate change is real. No kidding?! The "we shouldn't worry part" comes from none other than Exxon itself who is offering a bounty of $10,000, through its "think tank" (read: propaganda shop) the American Enterprise Institute, to anyone with a remotely scientific background who is willing to publicly dispute the article.
Other than that, have a glorious weekend.
We've said it before, but it should be repeated...this is ridiculous. Profit is fine and good but this profit was gained through the misfortune of others. It's not like oil and gas are truly voluntary expenditures for most average folks either, who need to heat their homes and need gas to drive to work. To pillage record profits in this manner is simply unjustifiable.
No wonder we have had the second straight year of negative savings in the U.S. There have only been 4 years in recorded history where Americans had a negative savings rate. The other two years were 1932 and 1933 during the Great Depression. But Bush says the economy is just great so we shouldn't worry.
Speaking of not worrying...the UN says that climate change is real. No kidding?! The "we shouldn't worry part" comes from none other than Exxon itself who is offering a bounty of $10,000, through its "think tank" (read: propaganda shop) the American Enterprise Institute, to anyone with a remotely scientific background who is willing to publicly dispute the article.
Other than that, have a glorious weekend.
2 Comments:
Liberal, not literate.
Exxon Mobile made a little over 10% profit, woohoo. How are your mutual funds doing?
I'm no fan of so called big oil but at least try to be intellectually honest, but then you are a self proclaimed liberal so there you go...
It's unfortunate that you want to hide behind smoke, mirrors, and anonymity.
We've heard it all before..."the percentage is lower than other industries"..."we spend money on" this or that research or equipment... "taxes on gas are more than the profit"
Not that these statements don’t carry some truth with them, but the fact is that this profit is realized in two very sickening ways: tax breaks that rob valuable revenue from the government that could be used to bolster efforts to move us toward alternative energy and the practice of making opportunistic profits in the wake of "emergencies". This isn't simply a good business making profit but rather well connected and insatiable thugs feasting on the rest of us.
Oh...have you gotten your $10,000 yet?
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