It’s OIL time…

It seems like lately all we hear about is the oil companies making record profits quarter after quarter. Well according to the NYT, this past quarter was no different.

From the New York Times, January 30, 2006:

“Exxon Mobil, the nation’s largest energy company, today reported a 27 percent surge in profits for the fourth quarter as elevated fuel prices gave rise to the most lucrative year ever for an American company, with profits in 2005 reaching $36.13 billion and revenue $371 billion.

Exxon’s profits are expected to generate new scrutiny of the company’s operations in Washington, where legislators have recently expressed concern over Big Oil’s good fortune as soaring oil and natural gas prices pressure consumers. Exxon said its profits climbed more than 40 percent last year, while its tax bill rose only 14 percent.”

Seeing as though it is tax season, that last sentence really struck a nerve with me!!! Does anyone know of anyone in Washington, from an OIL family, very conservative member of the Republican party with the middle initial “W”????
This sums up everything that is WRONG with the current administration…

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MightyB

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01 2006

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