Patrick's Rants



10/30/2008

Exxon Mobil Earns Another Record Profit

Filed under: Money,Politics — site admin @ 6:25 am

Exxon Mobil reports another record profit. CNN reports that it partly due to the high price of oil. It’s time to push the oil companies into heavy research mode. There are alternative methods of creating crude oil, but Exxon and its cohorts would rather sit on the profits. At a time when the stock market is melting down, people are worried about their jobs, spending less and housing is set to go into free-fall, big oil needs to be working on a way to keep our money here instead of sending it to the Middle East. This is the company that Jeff Flake wants to reduce corporate taxes for.

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