Just guess.I'll give you a hint, it's a big freaking number....Ok, sick of guessing?
42 BILLION DOLLARS! They reported that amount in 2008, the world the day stood still and said, "damn we're screwed (in a financially devastating kind of way)"
And all along I thought that no one was left unscathed by the financial crisis, and here we have oil companies reporting record profits!
I'm sure this news is a little more upsetting to the individual just trying to scrape by, but if you would like to read the whole article, click here.
I don't blame if you if you don't, it's messed up.
1 comment:
It's not surprising at all. Exxon is tied tight to the Iraq War, and has made out quite well from fueling all those Hummers at inflated/unstable prices.
"Dean Baker, Co-Director of the Center for Economic and Policy Research has estimated that 40 cents out of every $3 dollars a gallon of gasoline is war profit. This is profit not related to any increase in productivity but simply a rise in oil prices related to the war."
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