Saturday, April 05, 2008

Congress Causing High Gas Prices: Asks Oil Companies Why

I actually prepared this a while back for a friend at work who begrudges the oil companies their profit. Every time the quarterly earnings come out we get treated to the despair over the oil company profits by our more Socialist leadership 'leaders'. Did you ever wonder why 'oil profits' are never presented in any context, but always in raw numbers without any frame of reference? I made the chart below just for those out there who can't grasp just how big 'big oil' is. This is a graphic view of the 2006 profitability of the 2007 Fortune 1000 companies.

That's right: Exxon Mobile is only a 'mid-performing company, making about 11 cents profit off every dollar it takes in. It's just a freaking HUGE mid-performing company.

Now all we have to do is get Congress to stop pandering to the Enviros and the rest of the far left, and we can lower prices at the pump AND improve the bottom line for Exxon etal.

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