Republicans turn on the oil industry as petrol prices soar

Published by James November 9th, 2005 in Corrupt, Politics

You knew this was going to have to come up. These earnings are disgusting.

Exxon Mobil reported net income of $9.92 billion, or $1.58 a share,in the third quarter, up from $5.68 billion, or 88 cents a share, ayear earlier. Revenue jumped 31.9 percent, to $100.7 billion, from$76.38 billion.

Hmmmm…… Isn’t this the same quarter that the United States was brutalized by hurricanes and all those rigs and refineries that were damaged caused oil to skyrocket? Now some people are calling a spade a spade. I wonder what our current political state would be like if oil companies and their interest groups were not able to donate to political groups.

At a politically charged Senate hearing, executives from Exxon Mobil, Shell, BP, Chevron and ConocoPhillips were grilled about the eye-popping size of recent earnings as consumers struggled with rising petrol prices.