Friday, April 29, 2011

The Oil Company Gusher

Exxon-Mobil's first quarter earnings of $10.7 billion are up 69 percent from last year. That's the most profit the company has earned since the third quarter of 2008 — perhaps not coincidentally, around the time when gas prices last reached the lofty $4 a gallon.
This gusher is an embarrassment for an industry seeking to keep its $4 billion annual tax subsidy from the US government, at a time when we're cutting social programs to reduce the budget deficit.
It’s specially embarrassing when Americans are paying through their noses at the pump.
Exxon-Mobil's Vice President asks that we look past the "inevitable headlines" and remember the company's investments in renewable energy.
Exxon-Mobil's first quarter earnings of $10.7 billion are up 69 percent from last year. That's the most profit the company has earned since the third quarter of 2008 — perhaps not coincidentally, around the time when gas prices last reached the lofty $4 a gallon.
This gusher is an embarrassment for an industry seeking to keep its $4 billion annual tax subsidy from the US government, at a time when we're cutting social programs to reduce the budget deficit.
It’s specially embarrassing when Americans are paying through their noses at the pump.
Exxon-Mobil's Vice President asks that we look past the "inevitable headlines" and remember the company's investments in renewable energy.

Exxon-Mobil’s first quarter earnings of $10.7 billion are up 69 percent from last year. That’s the most profit the company has earned since the third quarter of 2008 — perhaps not coincidentally, around the time when gas prices last reached the lofty $4 a gallon.
This gusher is an embarrassment for an industry seeking to keep its $4 billion annual tax subsidy from the U.S. government, at a time when we’re cutting social programs to reduce the budget deficit.
It’s specially embarrassing when Americans are paying through their noses at the pump.
Exxon-Mobil’s Vice President asks that we look past the “inevitable headlines” and remember the company’s investments in renewable energy.
What investments, exactly? Last time I looked Exxon-Mobil was devoting a smaller percentage of its earnings to renewables than most other oil companies, including the errant BP.
In point of fact, no oil company is investing much in renewables — precisely because they’ve got such money gusher going from oil. Those other oil companies also had a banner first quarter, compounding the industry’s embarrassment about its $4 billion a year welfare check.
Exxon-Mobil's first quarter earnings of $10.7 billion are up 69 percent from last year. That's the most profit the company has earned since the third quarter of 2008 — perhaps not coincidentally, around the time when gas prices last reached the lofty $4 a gallon.
This gusher is an embarrassment for an industry seeking to keep its $4 billion annual tax subsidy from the US government, at a time when we're cutting social programs to reduce the budget deficit.
It’s specially embarrassing when Americans are paying through their noses at the pump.
Exxon-Mobil's Vice President asks that we look past the "inevitable headlines" and remember the company's investments in renewable energy.
What investments, exactly? Last time I looked Exxon-Mobil was devoting a smaller percentage of its earnings to renewables than most other oil companies, including the errant BP.
In point of fact, no oil company is investing much in renewables — precisely because they've got such money gusher going from oil. Those other oil companies also had a banner first quarter, compounding the industry's embarrassment about its $4 billion a year welfare check.
Exxon-Mobil's first quarter earnings of $10.7 billion are up 69 percent from last year. That's the most profit the company has earned since the third quarter of 2008 — perhaps not coincidentally, around the time when gas prices last reached the lofty $4 a gallon.
This gusher is an embarrassment for an industry seeking to keep its $4 billion annual tax subsidy from the US government, at a time when we're cutting social programs to reduce the budget deficit.
It’s specially embarrassing when Americans are paying through their noses at the pump.
Exxon-Mobil's Vice President asks that we look past the "inevitable headlines" and remember the company's investments in renewable energy.
What investments, exactly? Last time I looked Exxon-Mobil was devoting a smaller percentage of its earnings to renewables than most other oil companies, including the errant BP.
In point of fact, no oil company is investing much in renewables — precisely because they've got such money gusher going from oil. Those other oil companies also had a banner first quarter, compounding the industry's embarrassment about its $4 billion a year welfare check.

Politicians Are Married To Big Oil

2 comments:

  1. Our corrupted politicians don't care about the American People. Wall Street corruption, these untamed criminals should be in prison starting with their CEOs, and Hedge Fund.

    ReplyDelete
  2. Oil Corporations our criminals, last years profits up 40%, Exxon made 40 Billions last years, and got a tax refund.

    ReplyDelete