ExxonMobil--The Gouging Starts Here
This was one of the news items on Democracy Now! this morning.
ExxonMobil Sees Record $10B 2nd Quarter Profits
Oil giant ExxonMobil is expecting to report profits of over $10 billion over the past quarter -- making it the most profitable single quarter for any company ever. This means ExxonMobil averaged making over 4.5 million dollars every hour for the past three months. During that same period gas prices shot up to record highs. Meanwhile the Energy Department is warning consumers in the Northeast to expect their winter heating bills to jump over 30 percent.
This is the problem with global market capitalism. There are no allowances for human need.
ExxonMobil Sees Record $10B 2nd Quarter Profits
Oil giant ExxonMobil is expecting to report profits of over $10 billion over the past quarter -- making it the most profitable single quarter for any company ever. This means ExxonMobil averaged making over 4.5 million dollars every hour for the past three months. During that same period gas prices shot up to record highs. Meanwhile the Energy Department is warning consumers in the Northeast to expect their winter heating bills to jump over 30 percent.
This is the problem with global market capitalism. There are no allowances for human need.
posted by FranCroaker at 7:42 PM
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