If This Doesn’t Piss You Off, You Must Be Dead

Ken AshfordCorporate GreedLeave a Comment

Or Cheney.

From CNN Money:

Exxon’s $10B net a U.S. corporate record
The oil company gains from soaring oil and gas prices, but falls short of estimates.
October 27, 2005: 1:25 PM EDT

NEW YORK (Reuters) – Exxon Mobil Corp. posted a quarterly profit of $9.9 billion Thursday, the largest in U.S. corporate history, as it raked in a bonanza from soaring oil and gas prices.

Record profits for Big Oil at a time when consumers are paying sky-high prices for gasoline have brought calls for a windfall profits tax or other penalties on oil companies.

The companies have been enjoying an unusually rosy environment for months. In the third quarter, oil prices and refining margins rose sharply after hurricanes Katrina and Rita ripped through the Gulf of Mexico, disrupting energy operations in the region.