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Miscellaneous Thoughts (a.k.a. The Ranting Corner)
Friday, 29 April 2005
Slow Economy, Big Profits
Ever notice how Exxon stations are always a good seven to ten cents higher than others? I have. And I think I just found out why:

At last night’s prime time press conference, Bush announced that, "There will be no price gouging at gas pumps in America."

According to the Associated Press, “he spoke on the same day the world's largest publicly traded oil company, Exxon Mobil Corp., announced that its profit for the first three months of the year had risen 44 percent to $7.86 billion from the corresponding quarter a year ago.”

Forty-four percent! This in an economy that according to the New York Times is “expanding at its slowest pace in two years”.

It’s a load off my mind that at least the big corps can still make a buck.

Posted by freak2/katertot0208 at 10:19 AM EDT
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Friday, 29 April 2005 - 9:59 PM EDT

Name: Savvybeast
Home Page: http://Savvy Thoughts

You stole my thunder, wife!... I noticed that story today in our regular newspaper and was going to point it out in my blog, no need now. By the way, Randi on Air America was explaining how the multinational oil corporations have set up show with the Iraqi oil supply, but I haven't checked the links yet... will do some investigating and get back to you.

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