Exxon Mobil almost beats it own record profit

[KKKarl is an idiot]

BushCo must be having a party today over their record breaking profits they will enjoy now & in the future.


http://money.cnn.com/2006/07/27/news/companies/exxon/index.htm?cnn=yes

NEW YORK (CNNMoney.com) -- Profits at Exxon Mobil surged 36 percent to a near record $10.4 billion in the second quarter as surging oil prices helped the world's largest publicly traded company soundly beat Wall Street forecasts. The company's profit - which amounts to a cool $1,318 a second - is the second biggest ever reported by a U.S. company, behind only the $10.7 billion Exxon itself earned in the fourth quarter of 2005.

The $1,318 a second would buy enough gasoline, even at the current $3 a gallon average, to drive a Hummer H3 between Los Angeles and New York three times.

[bluestateguy]

1. It's time for price controls on gasoline

The economic benefit would be enourmous, as it would free up billions in disposable income for Americans to pump right back into the economy.

[KKKarl is an idiot]

2. I agree

Look at the profit $1318 a second. If we could get lets say 10 percent of that back. It would amount to $131 a second into the economy or approximately $330 million dollars a month or almost $4 billion a year. That from one just one the oil companies.

[OneBlueSky]

3. we need a BIG windfall profits tax for the oil industry . . .

might help offset those tax cuts for millionaires . . .

(many of whom are likely oil industry executives and investors) . . .

[welshTerrier2]

4. Shell Oil profits up 40%

here's a link: http://news.yahoo.com/s/ap/20060727/ap_on_bi_ge/earns_netherlands_shell_6

until Democrats make the case that our entire foreign policy is being directed for the sole benefit of Big Oil, nothing will change ...

windfall profits taxes are a typical inadequate response (i approve of them) from the Democrats ... they are a bandaid solution to the massive corruption of our government ...

until our "democracy" is forced to serve the best interests of the American people, this system of corruption will continue ... ultimately, the problem i have with windfall profits taxes is that they distract from the real problem ...

even the term "windfall" makes it seem like it was just "coincidences" that dropped "extra profits" in the lap of Big Oil ... Democrats need to tell the American people the truth ... these "windfall profits" are NOT coincidences; they have come about by the very intentional policies of a very corrupt system ...