Just in case you weren't sure...
It'll be another record proft quarter for ExxonMobil.
Oil companies are surely getting a huge return on their investment in this administration. What does it take to get people angry, angry enough to see through the lies and misdirection and vote purveyors of corporate welfare out of office? Angry enough to not give them any peace in the meantime?
Jacques Rousseau, energy analyst at investment bank FBR, yesterday explained that most of the extra money that consumers are paying for gasoline is going straight through to the big companies' bottom line.It's a continuing cash-grab as they continue to rake in huge profits and then demand additional funds if they're to be expected to reinvest in exploratory drilling and improvements in infrastructure. These people are reaping outrageous sums of money, and with their duly paid puppets in place to vote to make the inheritance tax cut permanent, they're securing a place for their heirs to lord it over our descendants to a degree not seen since kings and queens held absolute sway over nations.
The reason? Prices are soaring because of perceived shortages while the cost of producing the gasoline is little changed.
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Grant --