The next time you're gritting your teeth as you fill your tank with $4 gas, here's something to consider: Your pain is their gain.
The last of the Big Five oil companies announcedfirst-quarter earnings Friday, so the totals are in. Between the five of them, ExxonMobil, BP, Shell, Chevron, and ConocoPhillips made $34 billion in profits in the first three months of 2011 -- up 42 percent from a year ago.
That's about $110 for every man, woman, and child in the United States -- in just three months.
Showing posts with label How High Gas Prices Impoverish The Many While Enriching The Few. Show all posts
Showing posts with label How High Gas Prices Impoverish The Many While Enriching The Few. Show all posts
Subscribe to:
Posts (Atom)