Gas Profit Guzzlers

Ken AshfordCorporate Greed, Economy & Jobs & DeficitLeave a Comment

ChevronpricesOne day after Exxon Mobil announced huge profits, Chevron announced that its first-quarter profits were a record $4 billion.  That’s an increase of 49% over last year.

Fat bastards.

UPDATE:  The folks at The American Street think they know why gas prices are going up:

Kelliegas_1Kellie Pickler, who’d performed the ballad “Unchained Melody” during Tuesday night’s episode became the latest “Idol” wannabe to be ousted, sending oil prices soaring to a record $74 a barrel. “The market had been worried about Kellie,” Deborah White of SG SIB Commodities in Paris noted. “An underwhelming Elliott Yamin performance next week just might send it over $80.”