Robbery at the pumps; consumers demand reprieve.
Oil industry behemoth Exxon Mobil's earnings rose to $10.49 billion in the third quarter, the second-largest quarterly profit ever recorded by a publicly traded U.S. company. The largest quarterly profit ever was Exxon Mobil Corp.'s $10.71 billion profit in the fourth quarter of 2005. Standard & Poor's predicts the profit will top the $40 billion mark for the year, easily surpassing the previous highest annual profit ever by a U.S. company held by ... yes, you guessed it -- Exxon Mobil with a record 2005 profit of $36.1 billion. Please join me in demanding consumer reprieve from being robbed at the pumps.
Labels: Political economics
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