Monday, October 31, 2005 Oil companies laugh all the way to the bank POST A COMMENT Some say, "Greed is good in America," but many people will be struggling to feed their kids this winter. Is price gouging good? All the major oil companies are putting extra cash in their pockets and some are asking: "should they ease consumers' pain from record energy prices." How much is too much? Exxon Mobil, the world's biggest oil company, posted a profit of 9.92 billion dollars for the third quarter -- the biggest in US corporate history. Senator Charles Schumer said the 29 major oil and gas firms expect to earn 96 billion dollars this year -- up from 68 billion dollars last year and 43 billion dollars in 2003. "It's become perfectly clear that the big oil companies are cashing in while average American families are being bled dry," Schumer said. That's like the fat kid eating a bag of chips in the back of the classroom while everyone is starving. What happened to sharing is caring? Henry Hubble, Exxon Mobil's director of investor relations, said the issue is a "tightness of supply versus demand," which is double speak for "daddy needs to a new golf course." Higher energy prices means Santa Claus isn't coming around this holiday season and people will have a hard time putting food on the table. "Let them eat cake," Oil execs will be saying instead of trying to help. Helping for the sake of "helping" is just not the American way. By Henry Cruz posted by Henry Cruz at 5:32 PM 0 Comments: Post a Comment << Home     ARCHIVES October 2005 . November 2005 . December 2005 . August 2007 . September 2007 . October 2007 . November 2007 . December 2007 . March 2008 . April 2008 . May 2008 . June 2008 . July 2008 . August 2008 .