To: Zarro
you have links to these profit reports?
89 posted on
09/05/2005 10:37:53 AM PDT by
rwfromkansas
(http://www.xanga.com/home.aspx?user=rwfromkansas)
To: rwfromkansas
you have links to these profit reports?
Normally, I'd say "Google is your friend", but what the heck?
Here's one for Exxon: http://www.washingtonpost.com/wp-dyn/content/article/2005/07/28/AR2005072802085.html $7.64 billion in PROFIT for the QUARTER
A general article on several companies from MSNBC: http://msnbc.msn.com/id/8646744/ "When major oil companies report their quarterly profits next week, they're once again expected to post record numbers. With crude trading around $60 a barrel, the oil industry is enjoying one of the biggest windfalls in its history."
Forbes comments on $7B and $5B profits and thinks that it's not enough: http://www.forbes.com/home/feeds/ap/2005/07/28/ap2163629.html
I'm amazed at how energetically some of you defend the big oil companies. I have nothing at all against profits and capitalism, but if you think this is going to fund and strengthen the economy, I think you're sadly mistaken. I suggest you go get a minimum wage job and see how many times you can fill your tank at $100 a week. You may say "ride the bus, then". So, see what happens to fares, when transit companies have to pay 3x for what fuels them.
I'm not gonna beat this dead horse any longer. Personally, I believe if these prices remain this high or go higher yet, we'll see a huge transition to alternative sources of transport.
Good luck.
110 posted on
09/05/2005 5:30:48 PM PDT by
Zarro
(We Support Governor Rossi)
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