[Lurker]

Why on Earth would they apologize for something they are morally, ethically, and legally bound to do?

L

[mc6809e]

"High" profits? Higher than the crappy profits they had previously.

But compared to most other industries, those profits are mediocre.

[SunnyD1182]

"Democrats unapologetic for obstructionist policies that have run up the price of oil, hence giving oil industry high profits."

[HuntsvilleTxVeteran]

The only people who are supposed to make a good profit are those in government or entertainment!

[RightWhale]

The oil industry will have to invest $100 billion in Alaska to get the 17 billion barrels of recoverable oil, and $20 billion just to build the Alaska Natural Gas Pipeline. Guess where that money must come from.

[Brilliant]

The reason why their profits are so high is that the government won't let them drill in Alaska.

[Lunatic Fringe]

Profit made by ExxonMobil: $8 Billion
Taxes paid by ExxonMobil: $34 Billion

Who should be the apologetic ones????

[Mr Ramsbotham]

Oil companies make about 8 percent profit on a gallon of gasoline. If the price goes up a buck, they make an extra eight cents. Do we really want to strip them of the wherewithal for finding and producing new sources of oil, all for the sake of that 8 cents?

[Bean Counter]

The best legislation that the Congress can meet the Oil Companies with over this is a Bill to immediately open ANWR for drilling.

Immediately.

[HarmlessLovableFuzzball]

There are so many industries out there that make obscene amounts of profits and without providing anything even close in value to what the oil industry provides. Yet when the price of gas goes up by a nickel or dime, everyone starts beating on them.

Since liberals are always searching for as many victims as possible of something, the oil industry appears to them the ripest target.

[dalereed]

How many billions they make is meaningless.

Their percentage of profit on investment is tiny and by all rights they should all close down at least according to my economics prof in the 50s.

They don't owe the public anything!

[starfish923]

Oil profits.....so what?
Are the angry fools as angry with the rest of the world oil profiteersm ... or just American ones?
It's all the fault of the SUVs and their pretense at being "cars"--gas guzzlers...they love'em. :o)

[3catsanadog]

I often wonder when the press talks about profits, are they talking about gross or net. There's a world of difference.

[garylmoore]

And so is the government that profits more than the company profits.

[Mind-numbed Robot]

This "crisis" makes me madder at the politicians than the oil companies. Respect for them has waned considerable in the last few years and this certainly does not help. Most have turned out to be cowardly pimps.