I Haven't Forgotten
I've been waiting to see just how much more profits the oil companies would report -- especially after the Hurricanes, and the gas prices we're still paying at the pump. You see, I haven't forgotten that greed is in play here. Nope, each time I fill up at the pump, and now each time I purchase food for my family, (based on a recent news article stating groceries will immediately cost us 3.9% more due to fuel prices) I am reminded.
So, is it a surprise to you that Exxon/Mobile just reported a 10 BILLION DOLLAR profit for it's third quarter?
TEN BILLION DOLLARS!
The article, "Oil Executives Defend Profits" by H. Josef Hebert" stated, "Together the companies earned more than $25 billion in profits in the July-September quarter as the price of crude oil hit $70 a barrel and gasoline surged to record levels after the disruptions of Hurricanes Katrina and Rita."
There is a "growing suspicion that oil companies are taking unfair advantage," Sen. Pete Domenici, R-N.M., said as the hearing opened in a packed Senate committee room.
"The oil companies owe the country an explanation," he said."
Yes, they most certainly do -- and I'll be waiting to hear the answer. And it better be good!
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