Friday, June 27, 2008

Who's Your Daddy, America?

Record oil prices netted Exxon Mobil a $10.89 BILLION profit in the first three months of 2008, sharply higher than a year earlier. (Source: CNN) The profit was the second-highest U.S. corporate profit on record, falling just short of the record $11.66 billion Exxon Mobil earned in the prior quarter (Q4 2007). That's over $21 BILLION PROFIT in 6 months.

profit |ˈpräfit| noun
a financial gain, esp. the difference between the amount earned and the amount spent in buying, operating, or producing something

According to the Associated Press, Exxon Mobil gave chairman and CEO Rex Tillerson an 18% raise to $21.7 million this year.

The average price of gas the week Bill Clinton took office in 1993 was $1.06, and it was $1.50 when he left in 2001. The average price of a gallon of gas the week Bush took office in 2001 was $1.50, and today we're all paying $4.13 a gallon.

I was unable to locate credible information on how much stock in oil companies is owned by Bush 1 & Bar, Jeb, Mr. & Mrs. Dick Cheney, and Bush 2 & Laura.

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