Thursday, October 30, 2008

Big Huge Oil

CNBC:
HOUSTON - Exxon Mobil Corp., the world's largest publicly traded oil company, reported income Thursday that shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83 billion in the third quarter.

In completely unrelated news, gas prices have suddenly dropped over a dollar a gallon the week before the election.

1 comment:

S.W. Anderson said...

I wouldn't be surprised to learn at some future point that some portion of the decline in fuel prices came at the urging of the White House and/or RNC. Maybe not all of it, but at least some.

As for Exxon Mobil and the others, can we stop giving them tax breaks and other incentives now? I mean, isn't it really like trying to give honeymooners more reasons to do the wild thing?