how much of the gas crisis is real?

[misterx]

Exxon's $10B fill-up: Cashing in on crunch

Oil companies came under new fire yesterday when it emerged that ExxonMobil's profits are likely to soar above $10 billion this quarter on the back of the fuel crisis. That's $110 million a day, and more net income than any company has ever made in a quarter. It's also a stunning 69 percent increase over the same period a year ago and a 34 percent jump from the $7.6 billion Exxon made just last quarter.
...
Jacques Rousseau, energy analyst at investment bank FBR, yesterday explained that most of the extra money that consumers are paying for gasoline is going straight through to the big companies' bottom line. The reason? Prices are soaring because of perceived shortages while the cost of producing the gasoline is little changed.

http://business.bostonherald.com/businessNews/view.bg?articleid=101320



Good thing they just got a tax break from Dubya to help them out!

Comments

[dampscribbler.livejournal.com]

To steal a line from your dearly beloved:
**headkersplody**

I'm not sure which pisses me off more -- the profit, or the tax break.
. . .

Actually, I'm pretty sure it's the tax break. If there is one thing in this country that should be taxed to the hilt it's gasoline. Well, after fast food.

OFF Topic, but you might be interested to know..

[ezerick.livejournal.com]

Friday was Dana German's last day here at BIS. Apparently I will be taking over at least some of his tasks, one of which involves using a program called Business Center from a company called ZFX? Are you familiar with that? :)

Re: OFF Topic, but you might be interested to know..

[misterx.livejournal.com]

i helped build it. :)