Exxon Mobil Continues To Post Record Profits???
Exxon Mobil Continues To Post Record Profits??? — by Catherine Morgan (cross-posted at the Care2 Election Blog)
This just doesn’t seem right to me. There is something seriously wrong when oil and gas corporations continue making record profits, in a time when most Americans are struggling to pay the bills, the dollar is falling, and gas prices are going through the roof.
See Exxon Mobil Profit Sets Record Again at The New York Times…
Exxon Mobil delivered its strongest performance ever last year, earning a record $40.6 billion in net income because of surging oil prices, the company said Friday.
The figure, a 3 percent increase from the previous year, exceeded the company’s own record for profits at an American corporation, set in 2006, and is nearly twice what it earned in 2003. — read full article at The New York Times
If it was up to me (and I know it’s not), I would require these companies to begin to use a large portion of their profits, on finding and producing alternative fuels. It doesn’t even have to be a law, just take away tax incentives and raise taxes on companies that refuse to comply. I know, it’s a free market…bla, bla, bla. I still think there is no reason for giving tax incentives to companies that clearly do not need them.
Other bloggers blogging on this…
Redzilla Attacks — Exxon Reports Record Profits while giving America the finger
IntoxiNation – As We Loose Jobs, Exxon Sets Records
What do you think about this??? Does it make you mad????
