Thursday, July 31, 2008

I must have a great big, red "S" stamped on my forehead

And so do you.

In this quarter, Exxon-Mobil is reporting a record $11.7 billion PROFIT.

Exxon Mobil reported the fattest operating profit in U.S. corporate history Thursday but took a beating anyway _ from politicians railing against Big Oil, drivers bleeding cash at the pump and investors who expected more.

The world's largest publicly traded oil company turned a profit of $11.7 billion for the second quarter, lifted mostly by meteoric crude prices. Its earnings were up 14 percent from a year ago.

Total sales: $138 billion _ roughly the gross domestic product of Hungary.

They can explain it any way they wanna, but in my book of definitions, "obscene" pretty much sums it up.

Yea, ain't capitalism grand?


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